MISMO releases eMortgage 1.0 specs.

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The MORTGAGE INDUSTRY STANDARDS Maintenance Organization (MISMO) eMortgage Workgroup has released eMortgage Guidelines and Recommendations version 1.0 to the industry.

The release comprises a number of specifications and supporting documents that provide a framework for implementing paperless mortgages with electronic signatures. The framework centers on the concept of a securable, manageable, archivable, retrievable, transferable (SMART) document, which binds data, presentation and signature(s) into a single electronic file. Specifications and guidelines are also provided for ePackaging (which allows multiple electronic documents or even hierarchical ePackages to be bundled together), eMessaging (which leverages the proven...

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