Participate in a MISMO Workgroup
Be a part of the action
Joining a MISMO workgroup (a Community of Practice (CoP) or a Development Workgroup (DWG)) is the best way to get started with MISMO. Lend your voice directly to the standards development process. Don't be left out. Participate in the standards development process to learn more about the standards; to get an early view into new reporting requirements; and, to ensure that they are reflective of your sector of the industry.
Need help figuring out where to get started? Check out our Workgroup Alignment to see how MISMO has something for everyone - across the loan life cycle and within data and technology domains. Come engage with us!
The MISMO Meeting Schedule is available under Quick Links. Workgroup participation is free and open to members and non-members alike. Get started - join a MISMO workgroup today!
Check out the Work Request Tracking Dashboard by clicking HERE to see what MISMO is working on and to join in the action!
If you are a member of MISMO, check out MISMO Connect our collaboration tool where you will find more information about the workgroups and be able to get started collaborating with other industry professionals.
For additional information about the workgroups and how to participate contact us at [email protected] .
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The mortgage industry is adopting web-based Application Programming Interfaces (APIs) at an ever-increasing rate. APIs are lightweight system components which allow for simple and rapid interchange of data between organizations.
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The MISMO Architecture Workgroup will be working on the use, feasibility and best patterns for using Metadata or tags which can also provide additional information such as a unique identifiers and versioning at the Container and the individual Data Element level.
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The AI CoP aims to bring together experts and practitioners to collaborate on advancing artificial intelligence standards in the mortgage industry.
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The AVM development work group plans to address AVM confidence score meaning, testing framework, and best practices to ensure compliance with non-discrimination laws.
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As a community, we explore the various aspects of blockchain technology, and its use throughout the industry. Participants are encouraged to bring forth ideas and questions and assist in the facilitation of discussions related to standards development, adoption, education, and implementation of distributed ledger technology.
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Industry-wide use of a common language is critical for effective, efficient, and flexible business practices. A common language helps mitigate risk, improves consumer understanding and satisfaction, and reduces costs. MISMO has succeeded in creating a common terminology that is used for communication between lenders, service providers, regulators, and others.
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The Business Process Model Community of Practice maintains and enhances MISMO Life of Loan. This is a high-level business process model depicting common activities that may occur over the life of a loan.
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Industry-wide use of standards is critical for effective, efficient, and flexible business practices. Standards help mitigate risk, improve consumer understanding and satisfaction, and reduce costs.
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The Commercial API Development Workgroup (DWG) will focus on developing APIs for Commercial MISMO datasets.
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This new Community of Practice will provide a venue for the Commercial MISMO community to share experiences and knowledge, promote the spread of best practices, and identify opportunities where the commercial and multifamily real estate community could benefit from industry standards.
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This DWG will perform research and outreach to determine if MISMO should create a data standard for Commercial Electronic Notes (eNotes).
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The Credit Reporting Community works to develop, promote, and maintain credit data and standards that enable mortgage lenders, investors, servicers, vendors, borrowers, and other parties to exchange credit-related data more securely, effectively, and economically.
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MISMO's Data Governance and Management Community of Practice (CoP) is responsible for building a framework and providing resources that enable organizations across the industry to leverage, adopt and implement data governance and management best practices in concert with adoption of MISMO industry standards.
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The Decision Modeling Community of Practice facilitates and promotes the creation and interoperability of business decisions within the mortgage industry. The group provides best practice guidance on how to satisfy common mortgage industry use cases, and we demonstrate how to seamlessly incorporate the MISMO data model in the creation of decision models.
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MISMO's eDoc/eMortgage Vault Interoperability Community of Practice (previously a Development Workgroup) is responsible for identifying the inconsistencies and challenges in electronic documents and eVaults and will identify solutions and best practices for eliminating issues. After recommending solutions, the group will monitor their outcomes over time to ensure any eDoc/eVault interoperability issues are fully resolved.
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The eHELOC DWG will collaborate with industry participants, government agencies, and other stakeholders to complete the analysis to determine eHELOC standard feasibility and prepare a roadmap of artifacts that would be needed to standardize this across the Digital Mortgage ecosystem.
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The Emerging Tech Community identifies and monitors emerging technologies and is working to facilitate ongoing conversations about emerging technologies and their potential impact on the mortgage industry as well as assessing the need for related standards. All mortgage industry participants, including lenders, software vendors, third-party service providers and public agencies, are invited to participate.
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The eMortgage Community develops specifications, document profiles and guidelines for implementing electronic mortgage documents, from application and origination to closing, notarization, recording, investor delivery and servicing. In addition, the workgroup provides business updates from stakeholders including GSEs, MERS, PRIA, lenders, investors, and vendors. The community discusses adoption issues, collaborates with regulatory agencies on compliance initiatives and works on various projects.
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The Environmental, Social, and Governance (ESG) Community of Practice (CoP) allows for the MISMO community to discuss and explore the impact of ESG within the residential and commercial mortgage industry and the potential role of industrywide MISMO standards.
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A coalition of Federal Housing Agencies (VA, FHA, GNMA & USDA) are working with MISMO to launch an accelerated effort to create a Federal Government Housing Agency Servicing Dataset that will identify the core data from the MISMO Reference Model to support servicing loans for each of the Federal Housing Agencies. This new data standard will enable the Federal Housing Agencies to develop their individual dataset specifications for servicing their loans.
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Using the previously published Consumer Facing Charge and Fee Naming Guide as a starting point, this DWG will map the data to MISMO v3.3 and v3.6, updating the MISMO Reference Model FEE structure as necessary. The DWG will also use information collected during the GSE’s recent UCD Critical Edits Phase 3 initiative, which focused on delivering valid FeeType enumerations using MISMO v3.3.0).
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The MISMO Housing Counseling DWG will focus on delivering value to the industry by creating a unified data set for the housing counseling industry.
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MISMO's Information Management (IM) Group ensures that consistent data definitions and business information are used across the MISMO Reference Model. Using data modeling and relational concepts, IM maintains consistent data structure usage for the development of MISMO Reference Model.
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MISMO developed a loan-level industry data exchange specification that corresponds with the redesigned Uniform Residential Loan Application (URLA) and the GSE’s AUS MISMO 3.4 specifications.
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The EDI 260 Application for Mortgage Insurance Benefits is a dataset that can be used by servicers to file claims with government agencies and private mortgage insurers in the event defaults or foreclosure activity allow for the collection of a third-party guarantee/insurance benefit.
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The Mortgage Insurance Community of Practice continues to design, develop, and maintain standards in support of the mortgage insurance providers in the residential loan origination and servicing lifecycle.
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The Origination Community works to design, develop, and maintain data standards for the mortgage industry, with a focus on the Origination lifecycle and the key process areas of Application, Underwriting, and Closing.
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The Private Label group developed a standardized mortgage asset dataset to support rating agency asset valuation efforts necessary for securitizing residential mortgages.
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The Property and Valuation Services Community continues to design, develop, and maintain data standards in support of the mortgage industry in the area of residential real estate property and valuations.
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This initiative is focused on defining the standard loan data fields and delivery format that Lenders must provide State Regulators for the loan portfolio review portion of state examinations.
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As RON has seen its popularity and usage grow across the industry, the RON workgroup is working to clarify MISMO's RON Standard V1 and investigate the need to update it as MISMO RON Standard V2. Potential updates include new system requirements on electronic records and signatures, updated guidelines on credential analysis and system updates to enable modifications to the notarial certificate and an enhanced ability to store an eJournal.
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The mission of the Reverse Mortgage DWG is to collaboratively review and enhance the MISMO reference model and corresponding work products to provide more holistic support for reverse mortgages. The workgroup will strive to “mainstream” the reverse mortgage programs which are often seen as niche by providing opportunities for data and documents, in an industry-standard format (with data definitions), to be easily and consistently transferred between all parties involved in the reverse mortgage lifecycle.
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The Secondary Community is working to collaborate and model data needs creating data standards used in the Secondary mortgage market for electronic exchange between trading partners. In addition, the community develops supporting documentation to provide guidance in the use of these data standards.
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The Servicing Community of Practice (CoP) is working to develop and maintain data standards used for electronic exchange between trading partners related to servicing activities.
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As a servicer, lender, investor, or channeled 3rd party servicing support organization within the residential mortgage industry, you know firsthand servicing transfers require an immense investment of resources.
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The Title Insurance and Settlement Agent Community is working to design, develop, and maintain data standards in support of the mortgage industry within the area of Title Insurance and Settlement Services transactions.
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The Title and Closing Docs to Data Development Workgroup (DWG) will lead the initiative and standardize the data for pre-closing, closing and post-closing title documents used on a national basis.
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The Title Pricing API DWG is focused on creating a MISMO published Title Pricing Application Programming Interface (API) specification.
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The VA Documents to Data DWG is focused on creating document dataset specifications to align with the U.S. Department of Veterans Affairs Loan Guaranty Program forms to enable more efficient exchange of data.
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The Verifiable Profile SMART Doc Development Workgroup (DWG) is working to prepare samples of select documents to support the MISMO SMART Doc® V3 Verifiable Profile specification.