Dexma Earns MISMO OK for Credit, AUS

Minneapolis-based Dexma has earned MXCompliance certification for credit request and automated underwriting services for its Web-based platforms.The MISMO eXtensible Markup Language Compliance certification validates that these services provided by Dexma to lenders and other mortgage industry players complies with MISMO standards for such transactions. Without data exchange standards, lenders must manually enter loan data into multiple systems, increasing costs, processing time, and the possibility of errors. MXCompliance certification assures lenders that services can be easily accessed and mortgage data can be exchanged quickly, eliminating the need for manual data entry or costly data conversion systems. MISMO, a nonprofit subsidiary of the Mortgage Bankers Association, develops mortgage data exchange and file specification standards for lenders and mortgage technology providers. Dexma can be found on the Web at http://www.dexma.com.