MISMO Seeks Comment on Decision Models in the MISMO Life of Loan

WASHINGTON, D.C. (March 19, 2025) – MISMO®, the real estate finance industry's standards organization, today announced the addition of Decision Models to the latest version of the MISMO Life of Loan Process Model. The Decision Models are a part of the Life of Loan Process Model comment period that will run through April 12, 2025.

Industry practitioners can now access the Ability to Repay and Application Threshold Decision Models via the Life of Loan Process Model. These decision models were created as proofs of concept based off MISMO’s Ability to Repay and Application Threshold white papers.  

MISMO Life of Loan is an interactive business process model that allows users to view MISMO – and MISMO-based, tools and resources – within the context of a typical mortgage’s life cycle.

Decision Model and Notation Language (DMN) was developed by the Object Management Group (OMG) and can be used to flowchart decisions where the rules and factors associated with a decision are mapped and easy to follow. MISMO used DMN and mortgage regulations to show how MISMO Reference model terms could be used in decision models.

Any comments or questions about the MISMO Life of Loan should be directed to [email protected].

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.