“While mortgage delinquencies are currently low across the U.S., the market is ripe for an increase in fraud because of the continuing high interest rates, slow housing market, and other increasing costs of homeownership like insurance affordability.” --Matt Seguin, Senior Principal, Fraud Solutions with Cotality

MISMO, the real estate finance industry’s standards organization, announced a new standard that works to restore trust in security instrument data and reduces the financial burden of onerous verification requirements.