1. John Cirincione copyright, Tel 330.656.2020 The Drive Towards Data Standards in the Mortgage Industry John Cirincione, SRA Technology and MISMO Representative, Appraisal Institute Location Intelligence Conference April 3-5, 2006, San Francisco, CA

2. John Cirincione copyright, Tel 330.656.2020 MISMO (Mortgage Industry Standards Maintenance Organization) Established by MBA in 1999 Established by MBA in 1999 Coordinate development and maintenance of XML real estate finance specifications. Coordinate development and maintenance of XML real estate finance specifications. 30+ Workgroups 30+ Workgroups 5,000+ data points in the standard. 5,000+ data points in the standard.

3. John Cirincione copyright, Tel 330.656.2020 MISMO REPI (Real Estate Property Information Workgroup) REPI is 1 of 30+ Workgroups in MISMO REPI is 1 of 30+ Workgroups in MISMO Focus on real estate property & appraisal. Focus on real estate property & appraisal. Creates data standards & business definitions Creates data standards & business definitions

4. John Cirincione copyright, Tel 330.656.2020 Core Data Residential Process Area Workgroups Governance Origination Closing Servicing Mortgage AppSecondary Information Security Board of Directors Underwriting Real Estate Services MI Credit Title Appraisal & Property FloodTaxHazard Multi-Services eMortgage PRIA SMART Doc ePackaging eMessaging ROI I-Guide eRecording eNotarization eVaulting Appraisal Institute Logical Data Dictionary Commercial eMortgage Servicing Origination Core Data LDD Architecture Core Structures Enveloping Commercial Architecture SISAC ALTA SPeRS CMSA NNA USNA MISMO Data Standards Organizational Structure OGC (Collaboration Stage)

5. John Cirincione copyright, Tel 330.656.2020 MISMO Policy Structure Overview - “parts of MISMO’s standards body infrastructure” Privacy Privacy Terms of Use Terms of Use Antitrust Antitrust Intellectual Property Rights (IPR) Intellectual Property Rights (IPR) Procedures Procedures

6. John Cirincione copyright, Tel 330.656.2020 OGC–Appraisal Institute-MISMO Discussions OGC knows geospatial web interface specifications. OGC knows geospatial web interface specifications. MISMO knows mortgage industry standards. MISMO knows mortgage industry standards. Appraisal Institute knows real estate property. Appraisal Institute knows real estate property. Bandwidth barriers are diminishing by the day. Bandwidth barriers are diminishing by the day. Seek champions to define ‘software interfaces’ Seek champions to define ‘software interfaces’ Web Unified Environment Real time www.opengeospatial.org www.mismo.org www.appraisalinstitute.org

7. John Cirincione copyright, Tel 330.656.2020 Database Attributes + Mapping GIS = Map + Attributes - “leveraging the common location component from a data standard”

8. John Cirincione copyright, Tel 330.656.2020 Real Estate Property is the core component within the MISMO REPI Workgroup Property Property Characteristics Common Property Description across all process areas Inspection Information

9. John Cirincione copyright, Tel 330.656.2020 The Intelligent Document (PDF+XML) “To put it simply, Intelligent Document Driven Integration …provides the ability for enterprises to publish well- formatted electronic documents (so-called ‘information containers’) with which customers can interact, and that can interact with back-end company systems.” –Wall St & Technology, Mark Davydov (Bank of America) Process Meta Data Document Meta Data Form Data Core Content XML META Group

10. John Cirincione copyright, Tel 330.656.2020

11. Photos Pulldowns for description & identification

12. John Cirincione copyright, Tel 330.656.2020 Sketches Zoom in to highlight detail

13. John Cirincione copyright, Tel 330.656.2020 Create GeoPDF Reader Enable and GeoEnable Redline & Mark Up GeoPDF Using Adobe Reader. With MAP2PDF for Acrobat Export updates as in GIS format GI S GIS FOR THE BUSINESS ENTERPRISE Geo-registered PDF Map Concept

14. John Cirincione copyright, Tel 330.656.2020 Questions? John Cirincione Tel 330.656.2020 john@propertyappraisal.com john@propertyappraisal.com www.appraisalinstitute.com