MISMO Forming Title And Closing Docs To Data Workgroup
Will focus on creating standards for frequently used title and closing documents.
The Mortgage Industry Standards Maintenance Organization (MISMO) on Thursday said it is seeking industry professionals to join the Title and Closing Docs to Data Development Workgroup (DWG).
The DWG will focus on creating standards for frequently used title and closing documents that can be readily adopted by the mortgage industry to establish a consistent method of title data exchange between parties. This effort is part of MISMO’s work to enhance interoperability throughout the industry.
“The DWG is currently focused on pre-closing and closing documents and will soon shift attention to post-closing documents, specifically the title policy long and short forms,” said David Coleman, MISMO president. “MISMO invites industry professionals to join the DWG to ensure that the published work products comprehensively meet the needs of the industry.”
Anyone interested who is already a MISMO member may join the Title and Closing Docs to Data DWG collaboration site that has been established on MISMO Connect. Those not already members of MISMO who would like to participate should contact MISMO via [email protected] Meetings are held on the first and third Wednesday of each month from 2–3 p.m. ET via video conference.
MISMO is a subsidiary of the Mortgage Bankers Association.