MISMO Extends Version 3.3 Reference Model Comment Period
New legislation forced the Mortgage Industry Standards Maintenance Organization to extend the public comment period for its Version 3.3 of the Residential Reference Model by 30 days to Jan. 17, 2014.
After the Consumer Financial Protection Bureau released the final RESPA-TILA Integrated Disclosures rule on Nov. 20, 2013 MISMO announced additional time is needed “to allow contributors to adjust those enhancements.”
Version 3.3 of the MISMO Reference Model has already been adjusted to include related new data points, structures and reporting requirements including the HOEPA High Cost Loans, GSEs Uniform Mortgage Servicing Dataset, FHA Automated Underwriting or TOTAL Scorecard and Ginnie Mae’s Pool Data Delivery dataset, according to a MISMO report.
Full details on these enhancements are available on the MISMO website.