MISMO Releases Four New Closing Dataset Specifications
October 30, 2023
Source
MISMOContact
Brittney Prophete (202) 557-2799WASHINGTON, D.C. (October 24, 2023) — MISMO®, the
real estate finance industry's standards organization, today announced
that the industry standard dataset mapping for several pre-closing and closing datasets ,
including Fee Sheet, ALTA CPL, ALTA Title Commitment, and Endorsements,
have achieved “Candidate Recommendation” status, which means they have
been thoroughly reviewed by a wide range of organizations and industry
participants and are available for use across the industry.
“MISMO developed these pre-closing and closing datasets specifications to streamline the business process, offer consistency, and improve efficiency when conducting a title data exchange between parties,” said David Coleman, President of MISMO. “This effort is another example of MISMO’s important work to enhance interoperability throughout the industry.”
MISMO’s work to solve key business challenges is made possible due to lender support of the MISMO Innovation Investment Fee.
For information on MISMO and how to join visit MISMO.org.