MISMO Publishes Updated Mortgage Insurance Rate Quote Implementation Guide and Sample Files

WASHINGTON, D.C. (July 25 2024) – MISMO®, the real estate finance industry's standards organization, today announced the publication of updates to the Mortgage Insurance (MI) Estimated Rate Quote API Implementation Guide (iGuide) and Sample Files.

The MI Estimated Rate Quote API iGuide and sample files are based on the MISMO Version 3.5 Reference Model and are designed to provide lenders with the MI Rate prior to submitting an MI Order. The JSON Estimated Rate Quote was created for trading partners who would like to utilize a more lightweight REST-based API transaction rather than the XML Estimated Rate Quote.

Changes to the MI Estimated Rate Quote API iGuide and sample files include corrections to several typographical errors, updates to comments, conditionality, the removal of an object and corrections to several object references.

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.