MISMO Extends Comment Period for Proposed Rent Roll Standards for Commercial Property

Washington, D.C. – (RealEstateRama) — MISMO®, the Mortgage Industry Standards Maintenance Organization has extended the public comment period for the proposed data standard for the exchange of rent roll information on commercial property.  The public comment period has been extended through Wednesday, March 15th, 2017.

MBA

MISMO released the proposed data standard for the exchange of rent roll information on commercial property for public comment on Monday, December 12th, 2016.  The public comment period was originally intended to end on Friday, January 13th but was extended upon request from multiple organizations. The proposed standard is designed to provide a consistent set of data points and definitions to use in financing and managing commercial property assets.

The original press release announcing the proposed standard may be found by clicking here. Full details on the Proposed Rent Roll Standard can be found on mismo.org. Any comments regarding proposed rent roll standard should be e-mailed to "> by Wednesday, March 15th, 2017.

Use of the MISMO standards is governed by the MISMO Intellectual Property Rights (IPR) Policy.  For more information on the policy, please click here.

About MISMO

The Mortgage Industry Standards Maintenance Organization (MISMO) was created in 1999 to develop a common data language for the mortgage finance industry. Today, MISMO residential standards are accepted and deployed by every type of entity involved in creating mortgages, and they are required by most regulators, housing agencies and GSEs that govern the exchange of information. Use of MISMO’s standards has been found to lower per loan costs, improve margins, reduce errors and speed up the loan process by reducing manual, paper-based processes. For more information, visit www.mismo.org.

CONTACT
Ali Ahmad

(202) 557- 2727

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MBA

The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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