Home / Get Involved / Workgroup

Title Pricing API Development Workgroup (DWG)

The Title Pricing API DWG is focused on creating a MISMO published Title Pricing Application Programming Interface (API) specification.

The Title Pricing API specification will include guidance that will allow Title Providers and Title Vendors to use microservices during the Pre-Closing and Post-Closing phase of a mortgage loan to trade data and documents necessary to obtain pricing for title products, including requests and responses for:

  • Closing/Escrow Transaction Fees
  • Commitment Fees
  • Endorsement Fees
  • Title Policy Premium
  • Closing Protection Letter Fees
  • Recording Fees and Taxes

    Key drivers for this initiative include:

    • Mortgage Originators will benefit from efficiency, interoperability, and clarity in the transaction.
    • Real Estate Agents will have visibility into the fees in the transaction.
    • Title/Settlement Agents can make real-time calls to get pricing while they work through the transaction.
    • All parties involved in the transaction would benefit from receiving the same data.

    Current Focus:

    • The group is currently identifying fields needed for an API request and response, including defining conditionality requirements and available enumerations.


    How to Join

    Anyone may participate in a MISMO development workgroup or community of practice regardless of membership status.  Voting members of Information Management and Architecture Workgroup are elected as per governance procedures.  Membership in MISMO is open to anyone - mortgage lenders, banks, credit unions, servicers, vendors, government agencies and more. MISMO members receive a voice, and vote, in creating and enhancing industry standards used by the entire industry.  Learn more here.

    Go To Connect Site

    Leadership

    Wes Yuan, Lending Pad Chair
    Christopher Vos, First American, Vice-Chair

    Facilitator

    Kellie Stoll, MISMO
     [email protected]

    Architect

    Chris Trujillo, MISMO
     [email protected]

     

    Meeting Schedule

    Meets every 1st and 3rd Wednesday of each month from 4:30-5:30pm EST.

    Meeting URL: https://mba-org.zoom.us/j/83150861941