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MISMO Overview January 2008

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MISMO Overview January 2008 Ron Duff Chair, Governance Committee Harry Gardner Vice President, Industry Technology Gloria Zimmer Director, MISMO Standards – PowerPoint PPT presentation

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Title: MISMO Overview January 2008


1
MISMO OverviewJanuary 2008
  • Ron Duff Chair, Governance Committee
  • Harry Gardner Vice President, Industry
    Technology
  • Gloria Zimmer Director, MISMO Standards
  • Dave Krause Director, XML Architecture
    Compliance

2
Agenda
  • History of mortgage data standards
  • Purpose of MISMO
  • Areas of Focus
  • Origination
  • Real Estate Services
  • Secondary
  • Servicing
  • Architecture
  • Core Data/Core Structures

3
Agenda (continued)
  • Areas of Focus (continued)
  • MXCompliance
  • eMortgages
  • Information Security SISAC
  • Commercial Mortgage Standards
  • Related Industry Standards Efforts
  • MERS eRegistry
  • PRIA (eRecording and eNotarization)
  • SPeRS (eSignatures and Records)
  • MISMO approach to standards
  • Q/A?

4
Introduction of attendees
  • Name
  • Company
  • Role
  • Mortgage process areas of interest and/or Why you
    are here

5
Business Drivers
  • Quick Easy access to understandable information
    needed for decisions automation
  • Flexibility options balanced with ease of use
    intuitive applications
  • New products business tools with minimal
    expense
  • Balancing reality with the possible
  • Major investments in current approach
  • Enhancements upgrades build on current
    structure
  • Consistency across business to avoid confusion,
    mistakes, and to simplify training

6
Standards Add Business Value
  • Integration of easy-to-access technology tools
    requires standards
  • Streamlined workflow needs interconnecting
    processes
  • Efficiency data integrity enhanced by data
    reuse and reduced re-keying
  • Flexibility dictates integrated offerings or
    interoperable solutions from various service
    providers
  • Availability of software tools for development
    low-cost or free

7
History of Mortgage Electronic Exchange
  • ECHO Users Group defines MBA 86 tag format
  • Desire for flexible integrated solutions leads
    to formation of MBA Mortgage Technology
    Workgroups beginning in 1988
  • MBA forms Technology Committee in 1990
  • Search for data standards leads to ASC X12
    Electronic Data Interchange (EDI) in 1990s
  • MISMO formed in 1999 to support emerging XML
    standard, first meeting in January 2000
  • MBA did major Tech Committee overhaul in Jan 2001

8
Industry Use of X12 Electronic Data Interchange
  • Twenty-three X12 EDI transactions built or
    modified to support Real Estate Finance
  • Numerous credit requests / reports, Mortgage
    Insurance requests / reports, Hazard Insurance
    Bills, Investor Reporting, MI Claims, and HUD
    Status Reports transmitted daily
  • Secondary Market receives millions of Investor
    Reporting transactions within 4 days each month,
    receives default reports, orders and receives MI
    approvals

9
Types of Data Standards
  • X12 syntax words come from
  • ANSI Accredited Standards Committee developing
    cross-industry solutions built on one dictionary
  • XML syntax comes from World Wide Web Consortium
    (W3C)
  • Words are industry specific, so MBA formed
    MISMO

10
Horizontal vs. Vertical Standards
  • Horizontal Spans industries
  • XML, HTML
  • TCP/IP
  • SPeRS
  • Vertical Industry-specific
  • MISMO (Mortgage)
  • ACORD (Insurance)
  • PRIA (County Recorders)

11
XML Extensible Markup Language
  • Tags uniquely identify each field as data
  • Offers more sophisticated web pages, information
    searches and data exchanges
  • Defines ground rules for tagging data
  • Allows groups or industries to create their own
    documents
  • Easily expanded/extended
  • Example
  • ltBorrowerFirstNamegtDavidlt/BorrowerFirstNamegt

12
Introducing MISMO
  • Develops, promotes and maintains e-commerce
    standards for the real estate finance industry
  • Enables mortgage-related information to be
    exchanged between borrowers, lenders, service
    providers, investors, and servicers more
    efficiently and economically

13
MISMO Priorities
  • Build business data dictionaries to ensure
    understanding when exchanging data
  • Develop industry-wide XML Document Standards in
    DTD (Document Type Definition) and Schema format
  • Promote related technology standards necessary to
    enable eCommerce (digital signatures/credentials,
    eMortgages, security best practices, etc)

14
MISMO Deliverables
  • Industry Business Data Dictionary (LDD)
  • Industry standard DTD/XML Schema specifications
  • Engineering guidelines for creating DTDs, XML
    Schema
  • Implementation guides to use MISMO standard
    transactions
  • (by individual business/process area)

15
MISMO Subscribers
  • 148 Subscriber Companies (as of Jan 08)
  • Have access to current and archived information
    on MISMO website
  • Have username and password access to private
    workgroup areas of SharePoint site
  • Can vote on key issues leadership
  • Are waived meeting fees for the trimester
    meetings
  • May be elected to a seat on the Governance
    Committee

16
MISMO Organization
Board of Directors
Commercial
Governance
Steering Committee
eMortgage
Origination
Architecture
Servicing
Core Data
LDD
Council of Chairs
Enveloping
Document Classification
Core Structures
CMSA IRP
Commercial Architecture
Appraisal
Information Security
Insurance
SISAC
Logical Data Dictionary
Property Inspection
Core Data
Environmental PCA Reports
CMSA
Residential Process Area Workgroups
Government
Origination
Real Estate Services
eMortgage
Secondary
Government Housing
Servicing
Technical Infrastructure
Underwriting
Flood
Tax
Hazard
Credit
Document Classification
Industry Guidance
Mortgage App
MI
Real Estate Property Information
Fraud Detection
Doc / Data Mapping
Data Transactions
Business Rules Exchange
Closing
Title
Multi-Services
Legal
Appraisal Institute
ALTA
PRIA
SPeRS
17
MISMO Board of Directors
  • MISMO is a wholly-owned subsidiary of Mortgage
    Bankers Association a 501(c)6 corporation
  • Board of Directors
  • Catherine Rodewald, Managing Director, Prudential
    Capital
  • Bill Frazer, SVP, LJ Melody
  • Steve Gozdan, CFO/COO Cenlar FSB
  • (open residential seat)
  • Dawn Gibbs, CEO FICS
  • Jim Cooke (ex-officio, MISMO Governance
    Representative)

18
MISMO Governance Committee
  • Credit Reporting Paul Wills, Equifax Mortgage
    Services
  • GSE Ted Adams, Freddie Mac David Coleman,
    Fannie Mae
  • Lender Dave Erkes, GMAC Rescap Pat Hartford,
    Quicken Loans Michael Levine, Wells Fargo
  • Mortgage Insurance Nancee Gorenstein, MGIC
  • Origination Technology Todd Luhtanen, Dynatek
    Chris Anderson, Gallagher Financial Services
  • At-Large Positions Dan McLaughlin MERS, Gabe
    Minton, Mortgage Cadence
  • Service Providers Tom Payne, First American
    Financial Kelly Romeo, American Land Title
    Association
  • Servicing Technology Ron Duff, FISERV Randy
    Gillis, Fidelity (FNIS)
  • Technology Vendor Roger Gudobba, Wolters Kluwer
    Financial Services Gretchen (Etzel) Peterson,
    Dexma
  • Commercial Joanne Denver, Babson Capital
    Management Bob Wright, Midland Loan Services
    Wendy Sadeh, Bridger Commercial Funding Jim
    Cooke, Ballard Spahr Andrews Ingersoll, LLP
  • MBA Staff Representatives (non-voting) Harry
    Gardner, Dan Szparaga, RJ Schlecht, Dave Krause,
    Gloria Zimmer, Malikah Crable and Colleen Wesling

19
MISMO Release Process
Final release
30-day Posting for IPR Disclosures
(MISMO)
Architecture WG review/approval
(Architecture)
Reconcile data elements against LDD
(Core Data)
Develop new / updated data transactions
(Workgroups)
20
MISMO Workgroups focus on Business Process Areas
  • Process-focused industry participants defining
    business data needs for specific business areas
  • Origination
  • Real Estate Services
  • Secondary - Business Rules Exchange (May
    2006)
  • Servicing - Government Housing (January 2007)
  • Technical Infrastructure
  • Workgroups provide technical and business
    expertise to the Governance Committee
  • XML Architecture WG defines technical structure,
    core data, and process groupings

21
Origination
  • Scope
  • Includes Mortgage Application, Underwriting, and
    Closing data
  • Evolution
  • Automated Underwriting (AUS) was the first data
    set to be completed
  • Mortgage Application took Automated Underwriting
    and extended it to add elements
  • Fannie Mae and Freddie Mac agreed on the core AUS
    dataset in 2001

22
Real Estate Services
  • Process Area includes these Service Areas that
    meet separately as needed
  • Credit Reporting
  • Flood Insurance
  • Fraud Detection
  • Mortgage Insurance
  • Real Estate Property Information
  • Real Estate Tax
  • Title Insurance
  • Multi Services
  • Manages service request and response process
    including ordering multiple services

23
Secondary
  • Secondary Loan Delivery
  • Product and Pricing description for POS and
    secondary sale
  • Bulk Loan Sales
  • Common Transaction for Version 3.x
  • Loan Delivery/Servicing Transfer
  • Loan Reconciliation RESPA Fees, Escrow,
    Government Structures, Buydown Schedule, etc.

24
Servicing
  • Servicing transfer
  • Investor Servicing Transfer
  • Investor Reporting
  • Loan setup/boarding
  • Default reporting (pending)

25
Business Rules Exchange
  • Identify Business Rules Exchange formats
  • W3C (RIF) , RuleML, XBRL, OMG (PRR), etc.
  • Identify major Use Cases for Business Rules
    exchange (in Real Estate Finance industry)
  • Determine which external Business Rules Exchange
    standards fit use cases
  • Proof of Concept exchange rate sheets

26
Government Housing
  • Includes four major Government agencies
  • Ginnie Mae , FHA, USDA Rural Development, VA
  • Collectively create standards in XML format to
    support business processes unique to government
  • Coordinate development with existing MISMO
    transaction standards and data dictionary
  • Ensure portability of data between the private
    sector and government housing entities

27
MISMO Architecture
28
Architecture
  • Provides oversight of technical and design
    infrastructure to ensure reusability and offer
    guidelines across process areas
  • Three distinct versions so far
  • Version 1.x XML DTD
  • Version 2.x XML DTD and Schema
  • Version 30 XML Schema (in process)

29
Architecture Evolution
  • MISMO Version 1.x
  • Loan-centric file approach with shared data nodes
    and the ability to plug in new process area
    data needs
  • Benefited organizations participating in multiple
    aspects of the loan life cycle
  • Was tough to design for all scenarios and
    perspectives Biased towards the participants
  • Great logical/normalized view, slow adoption

30
Architecture Evolution (cont)
  • MISMO Version 2.x
  • Transaction and process area focused
    (Request/Response for Credit, MI, AUS, etc)
  • No longer all-encompassing loan file, now
    building specific transactions using reusable
    structures
  • Structures are groupings of data that are shared
    and reused by processes (borrower details, asset
    information, property description)
  • Elements can be used as-is or extended with
    additional attributes using extension guidelines

31
Architecture Evolution (cont)
  • MISMO Version 3.0
  • Fully-fledged W3C XML schema
  • (Namespaces, datatypes, constraints, etc.)
  • Single data repository/reference model
  • Resolve difference between process areas
    (borrower, property description)
  • Consistent message structure
  • (Loan, Collateral, Party, etc.)

32
Core Data
  • Provide a single, industry-wide data dictionary,
    definition, and some modeling support across
    process areas
  • 1 or 2 representatives from each process area
    participate and submit data points from their
    workgroup or review those submitted by others
  • Resolves all issues with data or definition
    between Workgroups

33
Core Structures
  • Responsible for engineering design guidelines,
    overall structural integrity of the data
    standards
  • Questions like
  • DTD vs. Schema
  • Elements vs. Attributes
  • Namespace usage
  • Field-level encryption
  • Merged with Core Data in May, 2007

34
Commercial MISMO
  • Establishes data standards for all phases of the
    commercial mortgage life cycle, within the
    framework of the existing MISMO organization
  • Parallel workgroups
  • Architecture - Business Metrics
  • eMortgage - Property Appraisals
  • Core Data - Property Inspections
  • Origination - Document Classification
  • Servicing - Environmental PCA Reports
  • CMSA-IRP

35
Break !

36
MXCompliance - Why
  • As more organizations choose to adopt and
    implement MISMOs voluntary data standards and
    schema (MISMO Standards), a common
    understanding of what it means for a product to
    comply with a MISMO standard is critical to
    achieving maximum use of MISMO standards across
    trading partners.
  • Needed a way to identify successful
    implementations and police against those falsely
    claiming MISMO-compliance

37
MXCompliance - Process
  • Verification
  • Third party verification of certified product
  • Import
  • Applicants seeking certification for products
    that read (import) MISMO standards
  • Export
  • Applicants seeking certification for products
    that write (export) MISMO standard

38
MXCompliance - Certifications
  • Currently Available
  • Credit Request and Response
  • MI Application Request and Response
  • AUS
  • Flood Request and Response
  • Coming Soon
  • Closing
  • Title Request and Response

39
eMortgage Overview
40
eCommerce in the Mortgage Industry
  • Online originations
  • Electronic service ordering and fulfillment
  • Document imaging, paperless delivery
  • Electronic signing solutions
  • eClosing / eRecording systems
  • All leading toward true eMortgages

41
Whats an eMortgage?
  • Electronic mortgage documents
  • Minimum eNote
  • Hybrid eMortgage Some e-docs, some paper
  • Paperless not imaged
  • Electronic signatures
  • Data document view ability to recreate
    exactly what the consumer digitally signed
  • Can determine electronic originals from copies
  • Heavily reliant upon standards

42
Pieces of the eMortgage Process
Data Transactions Speaking a common language
Messaging Formats Addressing, receiving, acknowledging
Packaging / Bundling Wrapping multiple docs, compression, encryption
eDocuments Electronic forms View Data Signatures, allowing for standardized workflow (SMART Doc forms)
eSignatures / Security Interoperable digital credentials, conforming to common baseline requirements
eRecording / eNotarization Electronic recordation at county recorders offices, support for Notary data in eDocuments
eNote Registry Legal compliance infrastructure for negotiable mortgage instruments (Promissory Notes)
43
SMART Document Concept
Securable Manageable Archivable Retrievable Transf
erable
Header
Document type, other info
Audit Trail
History of events
View
What the buyer sees and signs
May 1, 2003 Closing Date
Map
Maps View fields into Data
Data
XML Data for lights-out processing
ltClosingDategt20030501 lt/ClosingDategt
Signatures
Electronic or digital signatures buyer, seller,
et al
Tamper-evident seal
44
Levels of SMARTness
1
2
3
Category
4
5
6
7
XHTML
XHTML
Image
Image
SVG
SVG
VIEW Type
ARCs?
XML
XML
XML
XML
XML Data?
eNotes other critical docs
Fully SMART docs with easier VIEW
Scanned docs with or without data
Data xfer in stdzd wrapper
Why use?
45
eMortgage Process Flow
Legal eDocs (Land records, tax liens, other
docs/affidavits)
eRecording
eClosing
eSignatures
eNotarization
Buyer
Seller
46
eMessaging ePackaging
Business Partner 1
Business Partner 2
eMessage
encryption
compression
Return Receipt
47
Closing Docs (MISMO Closing DTD 2.3.1)
  • Legal
  • Promissory Note
  • Security Instrument
  • Assignments
  • ESIGN Disclosures and Consent
  • Federal Truth In Lending
  • Truth In Lending Disclosure
  • Itemization of Amount Financed
  • Right to Cancel
  • RESPA
  • Notice of Assignment, Sale, or Transfer of
    Servicing Rights
  • RESPA Servicing Disclosure
  • Initial Escrow Account Statement
  • HUD-1
  • HOEPA / PMI
  • PMI Disclosures Fixed, ARM, Amortization
    Schedule
  • ECOA
  • Fair Lending Notice
  • Right to Copy of Appraisal
  • Broker / Lender / Investor Specific
  • Closing Instructions
  • Payment Letter
  • Affidavit of Occupancy
  • Signature/Name Affidavit
  • E/O Compliance Agreement
  • Borrowers Certification and Authorization
  • Hazard Insurance Authorization, Reqts and
    Disclosure
  • Tax Information and Collection
  • Notice of Flood Hazard Area
  • Flood Insurance Notification / Authorization
  • Request for Copy of Tax Form (4506)

48
eMortgage Progress
  • eMortgage Guidelines Specifications (Jan 03)
  • SMART Doc, ePackaging, eMessaging, eVaulting
  • SMART Doc Implementation Guide (Jan 04)
  • MERS eRegistry (National eNote Registry)
  • Phase I production operation April 2004
  • Uses ePackaging, eMessaging and SISAC standards
  • SMART Doc forms data mapping
  • MISMO Closing DTD now includes eRecording data
  • Note, HUD-1 complete
  • eVault Implementation Guide 1.0 (Mar 05)
  • MBA Board of Directors resolution supporting
    eMortgages (Aug 05)
  • eMortgage Guide 1.0, eMortgage Vaulting Guide 2.0
    (Oct 05)
  • eMortgage Guide 2.0, eMortgage Vaulting Guide
    3.0, eMortgage Closing Guide 1.0, eMortgage
    Cost-Benefit Analysis white paper 1.0 (Mar 06)
  • eSigned PDF Guidelines (Mar 07)

49
eMortgage Current Efforts
  • SMART Doc Specification 3.0
  • eMCIT (eMortgage Closing Interface Transactions
  • eRecording Business Technical Guidelines (with
    PRIA)
  • Transition to MISMO Schema 3.0 architecture
  • MBA ResTech Committee eMortgage Adoption Task
    Force

50
MISMO eMortgage Workgroup 2007 Chair Patrick
Hartford, Quicken Loans Vice Chair Bill
Anderson, National Notary Assn
Technical Infrastructure Patrick
Hartford, Quicken Loans
Industry Guidance Rob Rothkopf, MBMS
Document / Data Mapping Leo Bijnagte, Wells
Fargo
Legal Issues Grace Powers, Countrywide Chris
Christensen, PeirsonPatterson
Data Transactions Rachael Sokolowski, Magnolia
Technologies
SMART Doc specification ePackaging eMessaging eSi
gned PDF
eMortgage Guide eMortgage Closing Guide SMART Doc
I-Guide eMortgage Vaulting Guide eMortgage Vault
Regulatory Reference Guide eMortgage
ROI eMortgage Glossary
eNote eSecurityInstrument HUD-1 Title Note
Mod URLA
eMortgage Closing Interface Transactions (eMCIT)
ESIGN, UETA, eSignature (questions and guidance)
51
Related Industry Standards Efforts

52
SPeRS Initiative
  • Standards Procedures for electronic Records and
    Signatures
  • Legal guidance on eSignature implementation
    Consumer disclosures, consent, records retention,
    and more
  • Sponsored by Electronic Financial Services
    Council (EFSC)
  • www.spers.org

53
SPeRS in the Mortgage Industry
Authentication Authority Borrower, Seller, Closing Agent, Lender
Consent Borrower, Seller
Agreements, Notices Disclosures Disclosure forms, process notifications, Closing docs
Signature Buyer seller signatures Tamper-evident doc seals
Record Retention eVaulting / Doc Custodian Industry
54
PRIA
  • Property Records Industry Association
  • Association of County Recorders and service
    providers
  • Strategic partner with MISMO
  • eRecording and eNotarization

55
MERS eRegistry
  • National registry that identifies who has control
    of an electronic note
  • Based on ESIGN UETA legislation Safe Harbor
    requirements

56
Definitions
  • Paper World Electronic World
  • Negotiable Instrument Transferable Record
    (eNote)
  • Original Note Authoritative Copy of eNote
  • Possession Control
  • Investor/Holder Controller
  • Custodian Location (eVault)
  • Endorsement Transfer of Control
  • Holder in due course Transferable Record Audit
    trail
  • Servicer Controllers Delegatee



57
The Challenge
  • System must identify a single, unique,
    authoritative copy
  • Impossible to flag authoritative copy
    identification in only one electronic copy

58
The Solution
  • A central registry that identifies the Controller
    of the eNote, and the location of the
    Authoritative Copy
  • ResTech Committee eNote Registry Task Force
    developed high-level business requirements
    (2002-2003)
  • MERS announced intent to build (March 2003)
  • MERS eRegistry commenced Phase I production
    operation in April 2004
  • Ohio Savings Bank went live on flow loans to
    Fannie Mae in Q4 2005
  • Wells Fargo sells first eNote to Freddie Mac in
    December 2005

59
eMortgage Process Flow
Legal eDocs (Land records, tax liens, other
docs/affidavits)
eRecording
eClosing
eSignatures
eNotarization
Buyer
Seller
60
Information Security SISAC

61
Information Security Workgroup
  • Support MISMOs mission of standardized
    electronic records
  • Assist MISMO workgroups security concerns
  • Educational material
  • Raise awareness of industry regulatory
    requirements
  • Provide best practices or guidance for
    security topics

62
Security Components
Identification Authentication You are who you say you are
Encryption (data, messages, web) Data cannot be intercepted and read
Tamper-Evident Seals Data or eDocs cannot be modified without detection
Non-Repudiation Digital signatures For legal signatures or for tamper-evident sealing
63
Security Activities
  • Flag sensitive data elements in MISMOs LDD
    corresponding to breach legislative (see ISWG
    White Paper matrix)
  • Provide security recommendations for messaging
    protocol (MISMO Envelope)
  • Provide security recommendations for real estate
    appraisal transactions (REPI Workgroup)
  • Monitor security breach legislation
  • Education, e.g., Policy, Intrusion detection, etc.

64
Security Activities
  • Risk mitigation techniques for Appraiser
    authentication and appraisal integrity.
  • Security recommendation for messaging protocol
    (WS SOAP)
  • Monitor Federal and State privacy legislation
    regulations
  • Industry Compliance education Payment Card
    Industry Data Security Standards (PCI/DSS)

65
Secure Identity Management
  • Develop an open standard in the authentication,
    digital signature/secure identity marketplace,
    administered like MISMO
  • Put mechanisms and documents in place to allow
    for adoption of secure identity Establish a
    non-profit organization and turn it over to the
    industry
  • Secure Identity Services Accreditation Corp
    (SISAC) announced in March 2003

66
SISAC
  • Secure Identity Services Accreditation
    Corporation (announced in March 2003)
  • Develops baseline standards for auditing and
    accreditation of PKI certificate/credential
    issuers
  • SISAC does not provide credentials (digital
    certificates), but accredits industry players
    based on best practices (Policy Administrator)
  • Wholly-owned subsidiary of MBA
  • www.sisac.org

67
How They All Fit Together
How do we choose our ESIGN and UETA solutions?
What should we be thinking about?
How do we know this is the real eNote?
How do we create and process eMortgage files?
How is the business data defined?
How do we know which digital sigs to trust?
How do we capture eNotarization data, and plug
all this into the County Recorder?
68
How We Develop Standards
  • Workgroups of volunteer industry practitioners
    develop each MISMO standard, based on business
    need
  • Reviewed by Core Data Structures Architecture
  • Released standards are openly available on
    www.mismo.org
  • DTD/Schema you need are dictated by your business
    purpose

69
Where is MISMO Being Used Today?
  • Front-end service providers
  • Application, Credit, MI, Title, Flood, AUS, etc.
  • Servicers
  • Servicing transfer and loan setup
  • Originators
  • AU and related services
  • e companies (eClosing, eMortgage, )
  • Fiserv, Wolters Kluwer, Silanis, Encomia, Ingeo

70
MISMOs Standards Approach
  • Face to Face meetings 3 times a year January,
    May, and September
  • Conference Calls and interim meetings
  • Information exchange via
  • MISMO.org website
  • SharePoint and Contivo tools, Excel macros
  • Listservs for each business process area
  • Adobe Connect web-based sessions
  • MISMO Wiki collaborative document development

71
Common Communication Vehicles
  • MISMO is an open organization
  • Participate by joining MISMO Workgroup listservs
    that support your business areas (over 2500
    listserv participants)
  • Listservs allow you to join in discussion
    development of MISMO standards and implementation
    guides they are free!
  • Solicitations prohibited

72
IPR Antitrust Policies
  • By participating in this or any MISMO meeting you
    are agreeing to be bound by MISMOs IPR policy
    which can be found at www.mismo.org
  • All meetings are conducted in accordance with
    MISMOs Antitrust Policy

73
MISMO Web Site

74
MISMO Web Site - Specifications

75
Getting Started

76
General Session will highlight Workgroup
Activities
  • XML Architecture
  • Core Data
  • Core Structures (XML schema and Reference Model)
  • Enveloping (messaging, and routing)
  • Multi-Services (service ordering)
  • eMortgage and subgroups
  • Information Security Workgroup (ISWG)
  • Document Classification
  • Business Rules Exchange (BREW)
  • Origination
  • Mortgage Application, Underwriting, Closing

77
Workgroup Activities
  • Real Estate Services
  • Credit
  • Flood
  • Fraud Detection
  • Mortgage Insurance
  • Property Records
  • Real Estate Property Information
  • Real Estate Tax
  • Title
  • Multi-Services

78
Workgroup Activities
  • Secondary
  • Servicing
  • Business Rules Exchange (BREW)
  • Government Housing

79
2008 MISMO Meetings
  • January 14 17, Orlando
  • May 19 22, Minneapolis (tentative)
  • September 14 18, TBD
  • 2008 Sponsorship Program
  • Fiserv, Silver Sponsor
  • (Your name here ???)

80
Questions?
  • Gloria Zimmer
  • 202-557-2927
  • gzimmer_at_mortgagebankers.org
  • Colleen Wesling
  • 202-557-2797
  • cwesling_at_mortgagebankers.org
  • Malikah Crable
  • 202-557-2821
  • mcrable_at_mortgagebankers.org
  • Harry Gardner
  • 202-557-2839
  • hgardner_at_mortgagebankers.org
  • Dan Szparaga
  • 202-557-2805
  • dszparaga_at_mortgagebankers.org
  • RJ Schlecht
  • 202-557-2843
  • rschlecht_at_mortgagebankers.org
  • Dave Krause
  • 202-557-2772
  • dkrause_at_mortgagebankers.org
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