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MISMO® to Create eNote Validation Decision Model

MISMO® to Create eNote Validation Decision Model

WASHINGTON, D.C. (May 25, 2018) – (RealEstateRama) — MISMO, the mortgage industry’s standards organization, is inviting mortgage industry participants to join its new practice community which is developing a decision model to validate eNotes, which are a key component for digital mortgages.

The new MISMO group will be responsible for incorporating MISMO standards into the creation of a decision model which can be used to validate the underlying document structure and data of electronic notes. The group will also document and publish validation rules that can be used in the creation of eNotes. The validation rules will follow the Decision Model and NotationTM (DMNTM) standard to promote interoperability and exchange among mortgage industry participants.

“ENotes are an important component of digital mortgages and to the future of the mortgage industry,” said MISMO Executive Vice President and Mortgage Bankers Association Vice President of Industry Technology Rick Hill. “By enabling industry collaboration to create new decision models and validation rules, MISMO is providing tools that help all parties involved in the mortgage process.”

Among other tasks, the new workgroup’s responsibilities include reviewing current eNote standards, building a new decision model, and creating implementation guides for lenders and investors.

DMN was established by the Object Management Group® to provide a common notation that is readily understandable by all business users, from the business analysts needing to create initial decision requirements and then more detailed decision models, to the technical developers responsible for automating the decisions in processes, and finally, to the business people who will manage and monitor those decisions. DMN is designed to be useable alongside of Business Process Modeling Notation TM (BPMNTM), the standard business process notation. In addition to hosting the new DMN practice community, MISMO will develop educational material about DMN and its role in the mortgage industry in addition to sharing best practices for decision modeling.

Those interested in participating in this collaborative, industry-wide effort can send an email with the subject “Join MISMO’s eNote Validation Community” to "> by June 11, 2018. More information on this industry-wide effort is available here.

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