MISMO Calls for Industry Professionals to Join New Artificial Intelligence Community of Practice

WASHINGTON, D.C. (June 25, 2024)– MISMO®, the real estate finance industry's standards organization, is inviting industry professionals to join a newly formed community of practice (CoP) focused on Artificial Intelligence (AI) sponsored by Snapdocs.

“MISMO is bringing together industry professionals to share knowledge, collaborate on potential industry use cases, and develop standards in this rapidly developing field. The initial focus will be on creating a shared vocabulary through a glossary of AI terms that are applicable to the mortgage industry,” said David Coleman, President of MISMO.

"AI has already had a profound impact on mortgage lending, but more education and broader industry engagement is needed to fully realize its potential, " said Camelia Martin, Vice President of eMortgage Strategy & Industry Affairs at Snapdocs. "The MISMO AI Community of Practice provides a forum for the industry to better understand AI, and discuss ways to ensure responsible applications of this powerful technology. We’re honored to sponsor this important work—deepening our commitment to advancing innovation, fostering industry-wide collaboration, and driving adoption of AI solutions that enhance the efficiency and accuracy of mortgage transactions."

The AI CoP will also be a forum for industry professionals to stay informed on the latest AI trends and advancements that are transforming the mortgage landscape. Topics of discussion will include frameworks, best practices, risk mitigation, and industry events. The AI COP will conduct regular meetings via conference call.

Individuals interested in participating in this group who are already MISMO members may join the collaboration site that has been established on MISMO Connect. Those who are not members of MISMO who would like to participate should send an email to [email protected].

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.  

This news release was updated to reflect Snapdocs’ sponsorship of the AI Community of Practice. Learn more about how you can sponsor a MISMO initiative at MISMO.org.