MISMO

MISMO® is the standards development body for the mortgage industry. MISMO developed a common language for exchanging information for the mortgage finance industry. Today, MISMO standards are accepted and deployed by every type of entity involved in creating mortgages, and they are required by most regulators, housing agencies and the GSEs that participate in the industry. Use of MISMO's standards has been found to lower per loan costs, improve margins, reduce errors and speed up the loan process by reducing manual, paper-based processes while creating cost savings for the consumer. MISMO is a subsidiary of the Mortgage Bankers Association. MISMO stands for Mortgage Industry Standards Maintenance Organization... Our mission is to develop essential standards through key stakeholder collaboration to improve efficiency, reduce cost and improve the mortgage experience for all parties involved in a real estate transaction.

Also known as: Mortgage Industry Standards Maintenance Organization

Primary location: Washington United States