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MISMO® Starts New Effort to Enhance Trust in the Digital Process

MISMO® Starts New Effort to Enhance Trust in the Digital Process

WASHINGTON, D.C. (March 27, 2018) – (RealEstateRama) — MISMO®, the Mortgage Industry Standards Maintenance Organization, is inviting mortgage industry participants to collaborate in a new effort to create a more trustworthy, verifiable process that provides assurance that loan documents and associated data are consistent, reliable and unaltered. This effort will be conducted by the newly created workgroup known as theMISMO Version 3 Verifiable Profile SMART Doc® Development Workgroup.

“The new version 3 SMART Doc specification will accelerate digital transformation efforts and enable organizations to further automate document and other compliance processes” said Charlie Epperson, Chief Information Officer of MRN3. “MISMO provides a tremendous forum for mortgage industry collaboration and innovation through which we can enhance the standards and bring these capabilities to the industry”.

MISMO recognizes the industry trend towards a more digital process that relies upon accurate data. Historical inconsistency between documents and data exchanged between organizations has contributed to distrust of data, requiring armies of individuals who manually compare documents and data. To help address data quality concerns, in 2017 MISMO provided implementation guidance for industry to create data and/or documents that reflect whether the data/documents were altered – this is known as a tamper evident process. Today, MISMO announces the effort to go one step further. We will create a technical framework and related implementation guidance that facilitates automated validation that the data and related document, or documents, are in agreement and have not been modified.

The new workgroup will develop requirements for document security and integrity, provide implementation guidance, develop sample documents and use cases, and other materials that may help improve trust in the data as well as facilitate the transition to digital mortgages.

MISMO seeks participation in the newly created MISMO Version 3 Verifiable Profile SMART Doc® Development Workgroup. Technology and business-oriented individuals are welcome to participate. Participants will contribute towards solutions to address the need for more guidance to facilitate implementation and adoption of the latest MISMO eNote standard including providing implementation guidance, sample use case specifications, eNote specifications in the verifiable format and supporting educational materials.

If you are interested in participating in this effort, please sign up by sending an e-mail titled “JOIN MISMO’s Version 3 Verifiable SMART DOC DWG” to " target="_blank"> by end of day on Friday, April 20, 2018.

Ali Ahmad

(202) 557- 2727


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.


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

Phone: (202) 557-2700