MISMO Overview September 2008

MISMO Overview September 2008
Ron Duff Chair, Governance Committee Harry Gardner President, MISMO Gloria Zimmer Director, MISMO Standards R.J. Schlecht Director, Security & Compliance

Agenda History of mortgage data standards Purpose of MISMO
Areas of Focus (Residential) Origination Real Estate Services Secondary Servicing Architecture Core Data Structures

Agenda (continued) Areas of Focus (continued)
MXCompliance eMortgages Information Security & SISAC Commercial Mortgage Standards Related Industry Standards Efforts MERS® eRegistry PRIA (eRecording and eNotarization) SPeRS (eSignatures and Records) MISMO approach to standards Q/A?

Introduction of attendees
Name Company Role Mortgage process areas of interest and/or Why you are here

Business Drivers Quick & Easy access to understandable information needed for decisions & automation Flexibility & options balanced with ease of use & intuitive applications New products & business tools with minimal expense Balancing reality with “the possible” Major investments in current approach Enhancements & upgrades build on current structure Consistency across business to avoid confusion, mistakes, and to simplify training Freddie Mac is leveraging the MISMO XML data standard for easy and consistent data integration with technology partners. Two-way functionality coming this fall. Workflow support that automatically orders required services. Integration between your technology and Freddie Mac.

Standards Add Business Value
Integration of technology systems requires standards Streamlined workflow needs interconnecting processes Efficiency & data integrity enhanced by data reuse and reduced re-keying Flexibility dictates integrated offerings or interoperable solutions from various service providers Availability of software tools for development: low-cost or free Freddie Mac is leveraging the MISMO XML data standard for easy and consistent data integration with technology partners. Two-way functionality coming this fall. Workflow support that automatically orders required services. Integration between your technology and Freddie Mac.

History of Mortgage Electronic Exchange
ECHO Users Group defines “MBA 86 tag format” Desire for flexible & integrated solutions leads to formation of MBA Mortgage Technology Workgroups beginning in 1988 MBA forms Technology Committee in 1990 Search for data standards leads to ASC X12 & Electronic Data Interchange (EDI) in 1990s MISMO formed in 1999 to support emerging XML standard, first meeting in January 2000 MBA did major Tech Committee overhaul 2001 – created Tech Steering Cmte, ResTech, CommTech

Industry Use of X12 Electronic Data Interchange
Twenty-three X12 EDI transactions built or modified to support Real Estate Finance Numerous credit requests / reports, Mortgage Insurance requests / reports, Hazard Insurance Bills, Investor Reporting, MI Claims, and HUD Status Reports transmitted daily Secondary Market receives millions of Investor Reporting transactions within 4 days each month, receives default reports, orders and receives MI approvals

Types of Data Standards
X12 “syntax & words” come from: ANSI Accredited Standards Committee developing cross-industry solutions built on one dictionary XML “syntax” comes from World Wide Web Consortium (W3C) “Words” are industry specific, so MBA formed MISMO

Horizontal vs. Vertical Standards
Horizontal: Spans industries XML, HTML TCP/IP SPeRS (Standards and Procedures for Electronic Records and Signatures) Vertical: Industry-specific MISMO (Mortgage) ACORD (Insurance) PRIA (County Recorders)

XML: Extensible Markup Language
Tags uniquely identify each field as data Offers more sophisticated web pages, information searches and data exchanges Defines ground rules for tagging data Allows groups or industries to create their own documents Easily expanded/extended Example: <BorrowerFirstName>David</BorrowerFirstName>

Introducing MISMO Develops, promotes and maintains e-commerce standards for the real estate finance industry Enables mortgage-related information to be exchanged between borrowers, lenders, service providers, investors, and servicers more efficiently and economically

MISMO Priorities Build business data dictionaries to ensure understanding when exchanging data Develop industry-wide XML Document Standards in DTD (Document Type Definition) and XML Schema format Promote related technology standards necessary to enable eCommerce (digital signatures/credentials, eMortgages, security best practices, etc)

MISMO Deliverables Industry Business Data Dictionary (LDD)
Industry standard DTDs/XML Schemas specifications Engineering guidelines for creating DTDs, XML Schema Implementation guides to use MISMO standard transactions (by individual business/process area) MXCompliance

MISMO Subscribers 126 Subscriber Companies (as of Sept 08)
Have access to current and archived information on MISMO website Have username and password access to private workgroup areas of SharePoint site Can vote on key issues & leadership Assessed lower meeting fees for the trimester meetings May be elected to a seat on the Governance Committee

MISMO Organization MBA BoDTech Committee Board of Directors
MISMO Officers and Staff Residential Commercial Governance Committee Governance Committee Architecture Workgroup Architecture Workgroup Chair Co-Chair Vice Chair Co-Chair Core Data/ Structures Workgroup Core Data Workgroup Industry Workgroups Industry Workgroups

MISMO Organization Board of Directors Commercial Governance
Architecture Governance LDD Core Data Appraisal eMortgage Architecture Environmental & PCA Reports Interface Architecture (Enveloping) Council of Chairs Document Classification Information Security Origination SISAC Property Inspections Logical Data Dictionary Core Data/Structures Servicing CMSA IRP CMSA Residential Process Area Workgroups Origination Real Estate Services Secondary eMortgage Government Servicing Underwriting Technical Infrastructure Government Housing Credit Flood Hazard Tax Document Classification Industry Guidance Mortgage App Real Estate Property Valuation Fraud Detection MI Doc / Data Mapping Business Rules Exchange Data Transactions Closing Title Multi-Services Legal Appraisal Institute ALTA SPeRS PRIA

MISMO Board of Directors
MISMO is a wholly-owned subsidiary of Mortgage Bankers Association – became a 501(c)6 corporation in 2005. Board of Directors members: Steve Gozdan, CFO/COO Cenlar FSB (Chairman) Catherine Rodewald, Managing Director, Prudential Capital Bill Frazer, SVP, CBRE | Melody Tom Richardson, SVP (Arch. & Tech.), Bank of America Dawn Gibbs, President & CEO, FICS Jim Cooke (ex-officio, MISMO Governance Representative)

MISMO Governance Committee
Credit Reporting – Paul Wills, Equifax Mortgage Services GSE – Ted Adams, Freddie Mac; David Coleman, Fannie Mae Lender –; Dave Erkes, GMAC Rescap; Pat Hartford, Quicken Loans; Michael Levine, Wells Fargo; (vacant) Mortgage Insurance – Nancee Gorenstein, MGIC Origination Technology – Todd Luhtanen, Dynatek; Chris Anderson, Wipro Gallagher Solutions, Inc. At-Large Positions – Gabe Minton, Mortgage Cadence; Dan McLaughlin MERS Service Providers – Tom Payne, First American Financial; Kelly Romeo, American Land Title Association Servicing Technology – Ron Duff, FISERV; Randy Gillis, Lender Processing Srvcs, Inc. Technology Vendor – Abdias Lira, Wolters Kluwer Financial Services; Gretchen Peterson, Dexma Commercial – Joanne Denver, Babson Capital Management; Bob Wright, Midland Loan Services; Wendy Sadeh, Bridger Commercial Funding; Jim Cooke, Ballard Spahr Andrews & Ingersoll, LLP MBA Staff Representatives (non-voting) Harry Gardner, Dan Szparaga, RJ Schlecht, Dave Krause, Gloria Zimmer, Malikah Crable and Colleen Flaxington

MISMO Release Process Final release 30-day Posting for IPR Disclosures
Architecture WG review/approval (Architecture) Reconcile data elements against LDD (Core Data) Develop new / updated data transactions (Workgroups)

MISMO Workgroups focus on Business Process Areas
Process-focused industry participants defining business data needs for specific business areas: Origination Real Estate Services Secondary Business Rules Exchange (May 2006) Servicing Government Housing (January 2007) Technical Infrastructure Workgroups provide technical and business expertise to the Governance Committee XML Architecture WG defines technical structure, core data, and process groupings

Origination Scope: Evolution:
Includes Mortgage Application, Underwriting, and Closing data Evolution: Automated Underwriting (AUS) was the first data set to be completed Mortgage Application took Automated Underwriting and extended it to add elements Fannie Mae and Freddie Mac agreed on the core AUS dataset in 2001

Real Estate Services Process Area includes these Service Areas that meet separately as needed: Credit Reporting Flood Insurance Fraud Detection Mortgage Insurance Real Estate Property Information / Valuation Real Estate Tax Title Insurance Multi Services Manages service request and response process including ordering multiple services

Secondary Secondary Loan Delivery
Product and Pricing description for POS and secondary sale Bulk Loan Sales Common Transaction for Version 3.x Loan Delivery/Servicing Transfer Loan Reconciliation – RESPA Fees, Escrow, Loan Structures, Buydown Schedule, etc. Version 3 Loan Reconciliation * Role/Party * Government Structures * Escrow and RESPA Fee * Buydown

Servicing Servicing transfer Investor Servicing Transfer
Investor Reporting Loan setup/boarding Default reporting (pending)

Business Rules Exchange
Identify Business Rules Exchange formats W3C (RIF) , RuleML, XBRL, OMG (PRR), etc. Identify major Use Cases for Business Rules exchange (in Real Estate Finance industry) Determine which external Business Rules Exchange standards fit use cases Proof of Concept – exchange rate sheets (using Rule Interchange Format (RIF) a W3C draft spec)

Government Housing Includes four major Government agencies
Ginnie Mae , FHA, USDA Rural Development, and VA Collectively create standards in XML format to support business processes unique to government lending Coordinate development with existing MISMO transaction standards and data dictionary Ensure portability of data between the private sector and government housing entities

MISMO Architecture

Architecture Provides oversight of technical and design infrastructure to ensure reusability and offer guidelines across process areas Three distinct versions so far: Version 1.x: XML DTD Version 2.x: XML DTD and Schema Version 3:0 XML Schema (in process)

Architecture Evolution
MISMO Version 1.x: Loan-centric file approach with shared data nodes and the ability to ‘plug’ in new process area data needs Benefited organizations participating in multiple aspects of the loan life cycle Was tough to design for all scenarios and perspectives; Biased towards the participants Great ‘logical’/normalized view, slow adoption

Architecture Evolution (con’t)
MISMO Version 2.x: Transaction and process area focused (Request/Response for Credit, MI, AUS, etc) No longer all-encompassing loan file, now building specific transactions using reusable structures Structures are groupings of data that are shared and reused by processes (borrower details, asset information, property description…) Elements can be used as-is or extended with additional attributes using extension guidelines

Architecture Evolution (con’t)
MISMO Version 3.0: Fully-fledged W3C XML schema (Namespaces, datatypes, constraints, etc.) Single data repository/reference model Resolve difference between process areas (borrower, property description…) Consistent message structure (Loan, Collateral, Party, etc. with DEAL at root)

Core Data Provide a single, industry-wide data dictionary, definition, and some modeling support across process areas 1 or 2 representatives from each process area participate and submit data points from their workgroup or review those submitted by others Resolves all issues with data or definition between Workgroups

Core Structures Questions like: Merged with Core Data in May, 2007
Responsible for engineering design guidelines, overall structural integrity of the data standards Questions like: DTD vs. Schema Elements vs. Attributes Namespace usage Field-level encryption Merged with Core Data in May, 2007

Commercial MISMO CMSA-IRP
Establishes data standards for all phases of the commercial mortgage life cycle, within the framework of the existing MISMO organization Parallel workgroups: Architecture - Business Metrics Core Data - Property Inspections eMortgage - Property Appraisals Origination - Document Classification Servicing - Environmental & PCA Reports CMSA-IRP

Break ! After the break: MXCompliance eMortgage Security & SISAC Activities for this Trimester

MXCompliance - Why As more organizations choose to adopt and implement MISMO’s voluntary data standards and schema (“MISMO Standards”), a common understanding of what it means for a product to comply with a MISMO standard is critical to achieving maximum use of MISMO standards across trading partners. Needed a way to identify successful implementations and police against those falsely claiming MISMO-compliance

MXCompliance - Process
Verification Third party verification of certified product Import Applicants seeking certification for products that read (import) MISMO standards Export Applicants seeking certification for products that write (export) MISMO standard

MXCompliance - Certifications
Currently Available Credit Request and Response MI Application Request and Response AUS Flood Request and Response Title Request and Response Coming Soon Closing

eMortgage Overview

eCommerce in the Mortgage Industry
Online originations Electronic service ordering and fulfillment Document imaging, paperless delivery Electronic signing solutions eClosing / eRecording systems All leading toward true eMortgages…

What’s an eMortgage? Electronic mortgage documents
Minimum: eNote Hybrid eMortgage: Some e-docs, some paper Paperless – not imaged Electronic signatures Data + document view – ability to recreate exactly what the consumer digitally signed Can determine electronic originals from copies Heavily reliant upon standards

Pieces of the eMortgage Process
Data Transactions Speaking a common language Messaging Formats Addressing, receiving, acknowledging Packaging / Bundling Wrapping multiple docs, compression, encryption eDocuments Electronic forms: View + Data + Signatures, allowing for standardized workflow (SMART Doc® forms) eSignatures / Security Interoperable digital credentials, conforming to common baseline requirements eRecording / eNotarization Electronic recordation at county recorders’ offices, support for Notary data in eDocuments eNote Registry Legal compliance infrastructure for negotiable mortgage instruments (Promissory Notes) Data – even w/SMART Docs which contain their own data payload, the data elements must be stdzd. SMART Docs use MISMO std XML DTDs like Closing & PRIA Also need eVaulting, but many ways to accomplish – we can’t dictate methods and processes

SMART® Document Concept
Securable Manageable Archivable Retrievable Transferable Header Document type, other info Audit Trail History of events View What the buyer sees and signs May 1, 2003 Closing Date Map Maps View fields into Data Data XML Data for lights-out processing <ClosingDate> </ClosingDate> Signatures Electronic or digital signatures – buyer, seller, et al Tamper-evident seal

Levels of “SMARTness” Category: VIEW Type: ARCs? XML Data? Why use? 1
2 3 4 5 XHTML XHTML Image Image VIEW Type: ARCs? XML XML XML XML Data? eNotes; other critical docs Scanned docs; with or without data Data xfer in stdzd wrapper Why use?

eMortgage Process Flow
PRIA MISMO Key: Legal eDocs (Land records, tax liens, other docs/affidavits) eRecording Secondary Investor, Aggregator eVault Servicing External Docs Online Application eOrigination & Underwriting eDoc Prep eClosing Service Ordering: Credit Flood Hazard Title MI MERS® eRegistry (National eNote Registry) eVault eDocuments eNote Data, Messaging & Control eSignatures Buyer / Seller signatures – could be PKI digital certs. More likely today, buyer signs agreement with eClosing provider, then buyer’s electronic signature is applied by closing system. Immediately after closing, a tamper-evident seal should be applied (most likely by the closing system itself) eDoc Prep: May be created by lender using forms vendors; may come in externally; may come from doc prep company. eVaults may hold other eDocs besides the Note Lender/Closing Agent and the Secondary Investor may use the same eVault provider – if so, the eNote would not move, but the eRegistry would still perform change of ownership (control) eNotarization Buyer Seller

eMessaging & ePackaging
Business Partner 1 Business Partner 2 eMessage eDocs ePackage Received ePackage encryption compression Return Receipt

Closing Docs (MISMO Closing DTD 2.3.1)
Legal: Promissory Note Security Instrument Assignments ESIGN Disclosures and Consent Federal Truth In Lending: Truth In Lending Disclosure Itemization of Amount Financed Right to Cancel RESPA: Notice of Assignment, Sale, or Transfer of Servicing Rights RESPA Servicing Disclosure Initial Escrow Account Statement HUD-1 HOEPA / PMI: PMI Disclosures – Fixed, ARM, Amortization Schedule ECOA: Fair Lending Notice Right to Copy of Appraisal Broker / Lender / Investor Specific: Closing Instructions Payment Letter Affidavit of Occupancy Signature/Name Affidavit E/O Compliance Agreement Borrower’s Certification and Authorization Hazard Insurance Authorization, Reqts and Disclosure Tax Information and Collection Notice of Flood Hazard Area Flood Insurance Notification / Authorization Request for Copy of Tax Form (4506) Request for Tax ID & Certification

eMortgage Progress eMortgage Guidelines & Specifications (Jan 03)
SMART Doc®, ePackaging, eMessaging, eVaulting SMART Doc™ Implementation Guide (Jan 04) MERS® eRegistry (National eNote Registry) Phase I production operation: April 2004 Uses ePackaging, eMessaging and SISAC standards eVault Implementation Guide 1.0 (Mar 05) MBA Board of Directors resolution supporting eMortgages (Aug 05) eMortgage Guide 1.0, eMortgage Vaulting Guide 2.0 (Oct 05) eMortgage Guide 2.0, eMortgage Vaulting Guide 3.0, eMortgage Closing Guide 1.0, eMortgage Cost-Benefit Analysis white paper 1.0 (Mar 06) eSigned PDF Guidelines (Mar 07) Warehouse Lending / eNote White Paper (Feb 08) eNote Legal White Paper (Sept 08)

eMortgage Current Efforts
SMART Doc® Specification 3.0 eMIT (eMortgage Interface Transactions) eRecording & eNotarization Business & Technical Guidelines (with PRIA) Transition to MISMO Version 3.0 architecture eMortgage Adoption Task Force (under MBA ResTech Committee)

MISMO eMortgage Workgroup 2008
Chair: Patrick Hartford, Quicken Loans Vice Chair: Abdias Lira, Wolters Kluwer FS Technical Infrastructure Patrick Hartford, Quicken Loans Industry Guidance Document / Data Mapping Leo Bijnagte, Wells Fargo Data Transactions Rachael Sokolowski, Magnolia Technologies Legal Issues Grace Powers, Countrywide & Chris Christensen, PeirsonPatterson SMART Doc™ specification ePackaging eMessaging eSigned PDF eMortgage Guide eMortgage Closing Guide SMART Doc I-Guide eMortgage Vaulting Guide eMortgage Vault Regulatory Reference Guide eMortgage ROI eMortgage Glossary eNote eSecurityInstrument HUD-1 Title Note Mod URLA eMortgage Closing Interface Transactions (eMCIT) ESIGN, UETA, eSignature (questions and guidance)

Related Industry Standards Efforts

SPeRS Initiative Standards & Procedures for electronic Records and Signatures Legal guidance on eSignature implementation: Consumer disclosures, consent, records retention, and more Sponsored by Electronic Financial Services Council (EFSC)

SPeRS in the Mortgage Industry
Authentication & Authority Borrower, Seller, Closing Agent, Lender Consent Borrower, Seller Agreements, Notices & Disclosures Disclosure forms, process notifications, Closing docs Signature Buyer & seller signatures Tamper-evident doc seals Record Retention eVaulting / Doc Custodian Industry

PRIA Property Records Industry Association
Association of County Recorders and service providers Strategic alliance partner with MISMO eRecording and eNotarization

MERS® eRegistry National registry that identifies who has control of an electronic note Based on ESIGN & UETA legislation Safe Harbor requirements

Definitions Paper World Electronic World
Negotiable Instrument Transferable Record (“eNote”) Original Note Authoritative Copy of eNote Possession Control Investor/Holder Controller Custodian Location (eVault) Endorsement Transfer of Control Holder in due course Transferable Record Audit trail Servicer Controller’s Delegatee

The Challenge System must identify a single, unique, authoritative copy Impossible to flag authoritative copy identification in only one electronic copy

The Solution A central registry that identifies the Controller of the eNote, and the location of the Authoritative Copy ResTech Committee & eNote Registry Task Force developed high-level business requirements ( ) MERS announced intent to build (March 2003) MERS eRegistry commenced Phase I production operation in April 2004 Ohio Savings Bank (now AmTrust) went live on flow loans to Fannie Mae in Q4 2005 Wells Fargo sells first eNote to Freddie Mac in December 2005

eMortgage Process Flow
PRIA MISMO Key: Legal eDocs (Land records, tax liens, other docs/affidavits) eRecording Secondary Investor, Aggregator eVault Servicing External Docs Online Application eOrigination & Underwriting eDoc Prep eClosing Service Ordering: Credit Flood Hazard Title MI MERS® eRegistry (National eNote Registry) eVault eDocuments eNote Data, Messaging & Control eSignatures Buyer / Seller signatures – could be PKI digital certs. More likely today, buyer signs agreement with eClosing provider, then buyer’s electronic signature is applied by closing system. Immediately after closing, a tamper-evident seal should be applied (most likely by the closing system itself) eDoc Prep: May be created by lender using forms vendors; may come in externally; may come from doc prep company. eVaults may hold other eDocs besides the Note Lender/Closing Agent and the Secondary Investor may use the same eVault provider – if so, the eNote would not move, but the eRegistry would still perform change of ownership (control) eNotarization Buyer Seller

Information Security & SISAC

Information Security Workgroup
Support MISMO’s mission of standardized electronic records Assist MISMO workgroup’s security concerns Educational material Raise awareness of industry regulatory requirements Provide “best practices” or “guidance” for security topics

Security Components Identification & Authentication
You are who you say you are Encryption (data, messages, web) Data cannot be intercepted and read Tamper-Evident Seals Data or eDocs cannot be modified without detection Non-Repudiation Digital signatures: For legal signatures or for tamper-evident sealing

Security Activities Flag sensitive MISMO data elements
New metadata tag; SensitiveInformationIndicator Provide security recommendations for messaging protocol WS-Security SOAP Message Security Provide security recommendations for real estate appraisal transactions Securing the Appraisal Process Monitor security breach legislation Education, e.g., Policy, Intrusion detection, etc.

Security Activities Industry Compliance;
Payment Card Industry Data Security Standards (PCI/DSS) BITS Shared Assessment Meet bi-weekly; Wednesday at 2PM ET 65

Secure Identity Management
Develop an “open” standard in the authentication, digital signature/secure identity marketplace, administered like MISMO Put mechanisms and documents in place to allow for adoption of secure identity Establish a non-profit organization and turn it over to the industry: Secure Identity Services Accreditation Corp (SISAC) announced in March 2003

SISAC Secure Identity Services Accreditation Corporation (announced in March 2003) Develops baseline standards for auditing and accreditation of PKI certificate/credential issuers SISAC does not provide credentials (digital certificates), but accredits industry players based on “best practices” (Policy Administrator) Wholly-owned subsidiary of MBA 67

National Notary Assoc (NNA)
Requirements Provide national background screening service for title, settlement services, lenders Screenings Lexis/Nexis, Sungard/Signix County-level criminal records check SSN name check OFAC Other screening criteria Matrix score results in pass/fail Appeals process and resolution 68

How They All Fit Together
How do we choose our ESIGN and UETA solutions? What should we be thinking about? How do we know this is the real eNote? How do we create and process eMortgage files? How is the business data defined? How do we know which digital sigs to trust? How do we capture eNotarization data, and plug all this into the County Recorder?

How We Develop Standards
Workgroups of volunteer industry practitioners develop each MISMO standard, based on business need Reviewed by Core Data Structures & Architecture Released standards are openly available on DTDs/Schemas you implement are dictated by your business purpose Becoming MXCompliant adds credibility to your brand

Review Work Product Proposal
MISMO’s Standards Development Process Questions or Feedback Questions or Feedback Questions or Feedback A Propose Work Product Anyone B Review Work Product Proposal ~WG C Develop Work Request ~WG D Review Work Request CoC E Review Work Request Arch START Submitted Accepted Submitted Conditionally Approved Declined Submitted Work Request Tracking System* STOP Denied Denied Denied Withdrawn from Publication Approved NO F Review AWG Decision Gov G Develop Work Product ~WG H Review XML Specifications Core Data I Review MISMO Work Products Arch XML Spec? Approved Completed YES Conditionally Approved Questions or Feedback Questions or Feedback Questions or Feedback Recommended J Approve MISMO Work Products Gov K Post for IPR Review Arch N Publish to Industry Arch END Approved Concerns? NO Claims? NO Board & Officers YES Returned to IPR Process *As the Work Request moves through each process, the tracking system is updated. YES Officers L Review Concerns Approved for Publication M Handle I P R Claims Requested Modification Withdrawn from Publication July 11, 2008

Where is MISMO Being Used Today?
Front-end service providers Application, Credit, MI, Title, Flood, AUS, etc. Servicers Servicing transfer and loan setup Originators AU and related services “e” companies (eClosing, eMortgage, …) Fiserv, Wolters Kluwer, Silanis, Encomia, Ingeo

MISMO’s Standards Approach
Face to Face meetings 3 times a year: January, May, and September Conference Calls and interim meetings Information exchange via: MISMO.org website SharePoint and Contivo tools, Excel macros Listservs for each business process area Adobe Connect – web-based sessions MISMO Wiki – collaborative document development

Common Communication Vehicles
MISMO is an open organization Participate by joining MISMO Workgroup listservs that support your business areas (over 2500 listserv participants) Listservs allow you to join in discussion & development of MISMO standards and implementation guides – they are free! Solicitations prohibited

IPR & Antitrust Policies
By participating in this or any MISMO meeting you are agreeing to be bound by MISMO’s IPR policy which can be found at All meetings are conducted in accordance with MISMO’s Antitrust Policy

MISMO Web Site

MISMO Web Site - Specifications

Getting Started

General Session will highlight Workgroup Activities
XML Architecture & V3.0 Model (MONDAY) TUESDAY: Mortgage Insurance Origination Secondary Property & Valuation Services Fraud Detection (AM) Government Housing (AM) Title Insurance (AM)

Workgroup Activities Tuesday PM
Real Estate Services: Flood Insurance (PM) Mortgage Insurance (contd.) Property & Valuation Services (contd.) Real Estate Tax (PM) Interface Architecture (eMIT) – PM Origination Secondary TUESDAY EVENING: Cocktail Reception

Workgroup Activities (Wednesday & Thursday)
eMortgage and subgroups (Wed – Thurs) ePackaging (SOAP) Thurs AM Credit Reporting Servicing (AM) Document Classification (PM) Property Valuation (contd.) Origination (contd.) Core Data Structures (members only)

MISMO Sponsorship Program (Your company name here ???)
2008 MISMO Meetings January, May and September January 2009 ??? MISMO Sponsorship Program Silver Sponsors: Fiserv Contributing: Freddie Mac Buckley Kolar Bronze Sponsor: FICS Optimal Blue PRIA (Your company name here ???)

Questions? Harry Gardner Dan Szparaga RJ Schlecht Dave Krause Gloria Zimmer Colleen Wesling Malikah Crable

MISMO Overview September 2008

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