MISMO Issues Updated Engineering Guideline 7

Tara Dunion tdunion@mba.org

MISMO®, the real estate finance industry standards organization, released its updated MISMO Engineering Guideline (MEG) 7, which establishes class words that enable consistency in naming and structure of data point names.

The MISMO MEGs ensure that MISMO work products adhere to all applicable technology standards; are produced in a consistent fashion; and meet the needs of the mortgage industry. 

MEG 7 provides details on a list of approved class words that must make up the last component of all MISMO data point names. Class words provide consistency and additional meaning.  For example, a data point ending with the class word “type” would be expected to have a clearly defined set of allowable values. When the names of data points indicate the type of information they carry, professionals can more readily understand schemas, messages, and metadata using those data points.

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, go here.