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
Navigating The Future Of Marketing Technology

Take inspiration from these tomorrow-oriented improvements and see how they could be adapted

Mar 18, 2024
Women Of Tech 2024

Honoring Women Of Mortgage Technology

Mar 18, 2024
Manually Scrubbing For HMDA Compliance? It’s Time To Automate

Investing in digital transformation systems provides a significant advantage over “wait-and-see” institutions

Feb 26, 2024
From Figure Eights to Mortgage Rates

From Team USA’s grace to financial services’ embrace, Matthew Blackmer draws parallels from his past to the future

Jan 31, 2024
Commissions Alert: Pop Your Profits And Don't Leave A Penny On The Table

Lenders need better tech to help homeowners unlock $20 trillion in tappable equity

Dec 21, 2023
The Road To Success In 2024

A loan servicer’s perspectives on the year ahead

Dec 18, 2023