MISMO releases eMortgage 1.0 specs.

Position:Tech Newz

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...

To continue reading