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MISMO |
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According to Announcement 09-14, Fannie Mae will require lenders selling mortgages to Fannie Mae to electronically submit MISMO XML appraisal data from all real estate appraisals as of March 1, 2010. I am part of a committee within MISMO (Mortgage Industry Standards Maintenance Organization--sponsored by the Mortgage Bankers Association) that is working on standards of practice and solutions for this issue. Appraisers use the open architecture Mercury Desktop software product, which is based on Mortgage Industry-standard MISMO XML protocols, to deliver appraisal reports to their clients using their favorite form-filling software, regardless of the brand. |
MISMO |
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