Hmm MISMO and Microsoft

Since I couldn't comment on Mike's Blog I thought I would respond here regarding his post pertaining to Choosing a Loan Message Exchange Standard for Banking.

In defence of MISMO the new standards are in xsd not dtd.  Also MISMO is very good for a few specific Mortgage transactions.  Currently MISMO closing looks the best for use outside of a given transaction.  Also in regards to vendor adoption its quite poor compared to the FNMA format.(compared to IFX however, that's another story)

There is a lot I don't personally care for in MISMO but one on the most important things it provides our area is a common agreed upon vernacular.

posted by Aaron Fischer on Wednesday, January 17, 2007 4:10:10 PM (Pacific Standard Time, UTC-08:00) Comments [0]
All comments require the approval of the site owner before being displayed.
Name
E-mail
(will show your gravatar icon)
Home page

Comment (Some html is allowed: a@href@title, b, blockquote@cite, em, i, strike, strong, sub, super, u) where the @ means "attribute." For example, you can use <a href="" title=""> or <blockquote cite="Scott">.  

Enter the code shown (prevents robots):
Live Comment Preview