MBA and CMSA strengthen MISMO commercial efforts.

Position:Commercial
 
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MBA AND THE COMMERCIAL MORTGAGE Securities Association (CMSA) announced that the Mortgage Industry Standards Maintenance Organization (MISMO), MBA's data standards organization, will be authorized to incorporate the contents of the CMSA Investor Reporting Package[TM] (IRP) into the MISMO data dictionary.

"As the independent standard for investor reporting in the commercial mortgage-backed securities market, CMSA's participation is crucial to MISMO as MISMO develops a data standards platform for the entire commercial mortgage industry," said Michael F. Petrie, CMB, MBA vice chairman and chair of the board of director's Technology Steering Committee. "As it is in the best interest of the commercial mortgage industry to develop industry data standards as soon as possible, CMSA's contribution is good not only for MISMO, but for the entire industry."

CMSA will retain both the ownership and the responsibility for revising and updating the IRP. MISMO will establish an extensible markup language (XML)based data-transfer specification that will provide information consistent with CMSA's IRP. The MISMO Commercial Working Group will also schedule releases of its XML lexicon to...

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