Industry Data Standards Make Upgrades More Efficient, Promise Long-Term Cost Reductions
November 10, 2004
Using the growing menu of data standards devised by the Mortgage Industry Standards Maintenance Organization can significantly streamline technology upgrade projects and lead to sharply lower operating costs, according to a new industry survey. MISMO, a subsidiary of the Mortgage Bankers Association, is an industry forum through which common standards are developed for sharing information both internally and with outside business partners. MISMO standards rely on a common dictionary of data terms used in the