Skip to main content

MISMO Introduces Logical Data Model

Oct 26, 2020
MISMO Logo
Director of Events

MISMO, the standards development body for the mortgage industry released its logical data model as the next generation of the MISMO data exchange, according to a press release. The new model has the ability to support any technology a company decides to use, including support for XML and JSON.

"The expanded capabilities of the LDM will make it easier for organizations to communicate with their business partners, which will lead to greater efficiencies within our industry," said Randy Poirier, vice president of data solutions at Black Knight and chair of MISMO's Residential Standards Governance Committee. "Given the expanded use of mobile devices, it was essential that MISMO expand the LDM capabilities in support of this growing mobile communication trend within the mortgage industry."

According to the release, the LDM was built using the Unified Modeling Language 2.5, a common standard created by Object Management Group. The company is also in the process of developing an LDM-specific logical data dictionary to accompany the LDM.

"The LDM is being released in Candidate Recommendation status which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and MISMO believes that it is ready for industry use," according to the release.

"MISMO has created a set of user guidelines to help industry participants adopt and implement the LDM in their business processes."

About the author
Director of Events
Navi Persaud is Director of Events at NMP.
Published
Oct 26, 2020
More from
Tech
Housing, Economic Leaders Embrace New Digital Opportunities

It’s Crypto Week at the Capitol, with some getting ready for breakthrough regulations that could change financial services

AI And The Mortgage Revolution

Chris Burks, Head Of Growth at Zeitro, on embracing change

Jun 26, 2025
Fed Chairman Aligns More Closely With Trump Admin On Crypto

Powell said he sees ‘change in tone’ around digital assets, expects more crypto activity

Jun 26, 2025
FHFA Chief Orders Fannie And Freddie To Prepare For Crypto In Mortgage Underwriting

In sweeping declaration on social media, FHFA Director William J. Pulte says Fannie Mae and Freddie Mac must begin preparing to count cryptocurrency as an asset in mortgage underwriting

Beware The Latest ‘Long Con’ Scam

Real estate professionals of all kinds warned to beware of crypto scams exploiting ‘trust relationships’ with clients

Jun 23, 2025
ServiceLink Adds Three To Its National Sales Team In Origination Division

Chris Miller, James Lee, and Mandy Powell to help forge new lender partnerships, drive client growth

Jun 23, 2025