First Step in MISMO Compliance Arrives

The Mortgage Industry Standards Maintenance Organization will have a compliance effort for credit reporting transactions completed by April with other MISMO Workgroups still handing in specs to define MISMO compliance across the board throughout the year.At press time the remaining workgroups within MISMO were working on specifications that would determine the minimum requirement for MISMO Compliance to be able to deliver a full compliance tool at a later date. Going further, SMART Doc and e-mortgage compliance services are expected by year’s end, according to the MBA.