Latest Version of MISMO Available for Public Comment

MISMO is pleased to announce the release of version 3.3 of the MISMO Residential Reference Model for public comment. The public comment period will remain open from Wednesday, Oct. 16, 2013 through Monday, Dec. 16, 2013.  “Version 3.3 of the MISMO Reference Model provides the mortgage finance industry with the standards needed in today’s rapidly changing regulatory and compliance environment,” said Mike Fratantoni, president of MISMO. “MISMO is grateful to the many contributors from across the mortgage finance industry who worked tirelessly to make Version 3.3 of the Reference Model a reality. Their dedication and expertise is invaluable.” The release of Version 3.3 of the model is an important milestone for MISMO given the current regulatory environment. This version of the model includes new data points and structures related to a number of recent regulatory and reporting requirements including the CFPB’s Integrated Closing Disclosures, HOEPA High Cost Loans, GSEs Uniform Mortgage Servicing Dataset (UMSD), FHA Automated Underwriting (TOTAL Scorecard) and Ginnie Mae’s Pool Data Delivery dataset. A new and improved Logical Data Dictionary (LDD) format is also being rolled out with Version 3.3.