MISMO Releases eMortgage 1.0

The Mortgage Industry Standards Maintenance Organization eMortgage Workgroup has released eMortgage Guidelines and Recommendations, version 1.0.The release comprises specifications and supporting documents that provide a framework for implementing paperless mortgages with electronic signatures. The framework is built around a Securable, Manageable, Archivable, Retrievable, Transferable (SMART) Document, which binds data, presentation, and signatures into a single electronic file. Specifications and guidelines are also provided for what MISMO calls ePackaging, eMessaging, and eVaulting. The first allows multiple electronic documents, or even hierarchical electronic packages, to be bundled together, while eMessaging leverages MISMO’s XML Request/Response architecture and eVaulting provides for the storage and retrieval of electronic notes and other supporting documents. The eMortgage guidelines and specifications may be freely downloaded from the MISMO website at http://www.mismo.org.