MISMO Version 3.3 Industry Standards Approved for General Use

MISMO Version 3.3 Industry Standards Approved for General Use

WASHINGTON, DC (April 20, 2017) – (RealEstateRama) — MISMO, the Mortgage Industry Standards Maintenance Organization, has elevated Version 3.3 of the MISMO Reference Model standard to “Recommendation” status. “Recommendation” status is the highest possible level given to a MISMO standard. MISMO members recently voted to elevate Version 3.3 to Recommendation status based on evidence of multiple successful industry implementations.

“A tremendous amount of effort went into Version 3.3, which was developed at a time when lenders were going through significant regulatory changes,” said Randy Poirier, Vice President of Data Solutions at Black Knight Financial Services and chair of MISMO’s Residential Standards Governance Committee. “The dedication and collaborative efforts of hundreds of people from all corners of the industry made today’s announcement possible. Their hard work resulted in a model that lenders are able to rely on to implement new regulatory changes and other mandates.”

Version 3.3 includes all the necessary data points and structures that lenders and other organizations require to meet a host of regulatory and reporting requirements, including recent RESPA/TILA integrated disclosures, HOEPA High Cost Loans, the GSEs Uniform Closing Dataset (UCD), FHA Automated Underwriting (TOTAL Scorecard), and Ginnie Mae’s Pool Data Delivery dataset. Version 3.3 also includes an improved and enhanced Logical Data Dictionary (LDD) format, which provides a view of loan information, mortgage definitions and relationships in a business-friendly format.

MISMO standards are typically developed over a period of several years. The original version of the Version 3.3 standard was submitted for public review in 2013, which enabled lenders to test the standard and provide feedback to MISMO for improvement. Version 3.3 was upgraded to “candidate recommendation” status in 2014, indicating that the version had been thoroughly reviewed and was determined ready for implementation. After collecting evidence that the standard had been successfully implemented by a wide number of organizations, it was voted on and granted recommendation status.

Version 3.3 of the MISMO Reference Model and related documentation can be found at MISMO.org. Use of the MISMO standards is governed by the MISMO Intellectual Property Rights (IPR) Policy. For more information on accessing the standard, contact MISMO at ">.

Ali Ahmad

(202) 557- 27XX


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

Previous articleMortgage Applications Decrease in Latest MBA Weekly Survey
Next articleStatement by House Majority Leader Rodrigues, SEIA and Vote Solar Following Passage of HB 1351 in Legislative Committee Today