MISMO Publishes Updated Mortgage Insurance Implementation Guide

WASHINGTON, D.C. (April 25, 2024) – MISMO®, the real estate finance industry's standards organization, today announced the publication of an updated version of the Mortgage Insurance (MI) Implementation Guide (iGuide) v. 3.4.

The MI iGuide contains guidance for the data requirements necessary to facilitate the electronic ordering of MI rate quotes, MI commitments, contract underwrites, document packages and querying for MI order responses.  This important resource maintains alignment with industry standards and other MISMO work products so that mortgage insurers, trading partners, and technology providers have consistent and accurate guidance which enables improved communication and less costly integrations.

The MISMO Mortgage Insurance Community of Practice reminds all trading partners that it is important to coordinate with your MI provider partners to implement these upgrades. Please reach out to contacts specified at www.mismo.org/mi to ensure you have appropriate information for each MI provider with which you work.

MISMO’s work to solve key business challenges is made possible by its members, champions, sponsors, and lender support through the Innovation Investment Fee. Visit MISMO.org to learn how you can get involved.