MISMO Sees Implementation Of e-Standards Coming Soon
November 3, 2003
Technology experts from various sectors of the mortgage industry have compiled electronic standards for more than 80 percent of the data points used in the home loan process and expect full implementation in two to three years. “Implementation could be sooner,” said Gabe Minton, vice president for industry technology for the Mortgage Bankers Association. “It’s strong. We’ve got some traction.