The Mortgage Industry Standards Maintenance Organization will release two residential mortgage data standard updates in November 2014 and July 2015.

MISMO's residential standards governance committee said in a press release Tuesday that the new standards on loan data exchange transactions and corporate data formatting models of a residential mortgage loan lifecycle will be available for industry review and public comment before the official release dates. A draft of Version 3.3.1 model is will be reviewed at the MISMO Fall Summit on September 22-26, 2014.

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