MISMO Releases 2023 Annual Report at Winter Summit
MISMO, the real estate finance industry’s standards organization, released its 2023 Annual Report at its 2024 Winter Summit. The MISMO Annual Report outlines the organization’s progress toward creating essential standards designed to solve key business challenges.
View the full report online to learn more about MISMO’s impact, achievements, certifications, growth, and success in 2023.
“MISMO made significant progress in 2023 in fostering collaboration and innovation across the industry to drive positive change,” said David Coleman, President of MISMO. “With the support of our industry partners, we have continued to develop and implement new standards while also expanding MISMO’s significant role as a forum for problem-solving and the exchange of knowledge.”
This past year has been marked by several notable achievements for MISMO despite challenging market conditions. Highlights of the report include:
• MISMO released several new and updated standards, including an update to the reference model, the foundation of MISMO dataset, API, and SMART Doc standards, and a Private Label RMBS Specification and Implementation Guide that will support the rating agencies and result in a more efficient Private Label RMBS securitization process.
• In response to industry needs, MISMO published an ESG Data Implementation Considerations reference guide to assist lenders and other industry participants in gathering environmental, social, and governance (ESG) information to meet reporting requirements, and made important progress towards publishing a standardized regulatory examination file for lender submission to state regulators.
• MISMO provided an industry forum for discussion of the impact of Federal Housing Finance Agency (FHFA) credit scoring changes, the emerging use of artificial intelligence (AI), and the creation of a playbook of servicing transfers best practices.
MISMO’s work to solve key business challenges is made possible due to lender support of the MISMO Innovation Investment Fee. For information on MISMO and how to join visit MISMO.org.
