MISMO Seeks Public Comment on MI Activation API That Streamlines and Facilitates the Exchange of Closing Date Data
WASHINGTON, D.C. (March 10, 2022) - MISMO®, the real estate finance industry's standards organization, announced today that it is seeking public comment on its new Mortgage Insurance (MI) Activation API specification that is designed to facilitate the activation of a MI Commitment to Certificate Status.
The specification builds on MISMO's JSON initiative to develop standards for industry transactions for structuring lightweight data exchanges through APIs and mobile platforms. With this expanded effort, the MISMO MI Community of Practice is working to create consistency within the growing number of transactions taking place in JSON format.
This public comment period also allows those who participated on the proposals at least 30 days' notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO's 2018 Intellectual Property Rights Policy). The 30-day comment period will run through April 11, 2022.
MISMO requests that any non-participant organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products, to disclose them at this time in writing. All comments and disclosures should be directed to [email protected].
MISMO's work to solve key business challenges is made possible due to lender support of the MISMO Innovation Investment Fee. For information on MISMO and how to join go here.