MISMO Releases 2022 Annual Report

DELRAY BEACH, Fla.–MISMO®, the  real estate finance industry’s standards organization, today released its 2022 Annual Report here at its Winter Summit.

MISMO’s 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 2022.

“MISMO’s exemplary work to reduce costs and improve efficiency across the mortgage market is essential in today’s economic climate,” said Jan Davis, Acting President of MISMO. “We made excellent progress last year on the initiatives that fulfill this mission and look forward to building upon this work on behalf of the industry in 2023.”

Highlights of the report include:

Improved Efficiency and Reduced Costs

Enhanced the Interoperability of Data, Systems, and Technology Platforms

Accelerated the Industry’s Digital Transformation

  • MISMO launched the e-Eligibility Exchange, powered by Snapdocs, to provide a central source of digital closing information at the transaction level.
  • Initiated the development of eVault standards enhancing scalability of digital mortgages.
  • Certified two dozen platforms as meeting MISMO’s RON standards and four as meeting industry eClosing requirements, respectively, providing transparency to the industry.
  • Developed a new Verifiable Profile SMARTDoc® specification that restores trust in data.

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.