Tuesday, June 15, 2010
June 6-9, Seth and I attended the MISMO Trimester meeting in Las Vegas, NV. At this meeting we learned more about how the XML process has evolved over the years. The organization is much more simple than previous generations as we will be able to create containers for reverse specific data, utilizing the existing xml for common Reverse and Forward data points. Version 3.1 is set to release in September and it's our hope that our efforts with the Reverse ListServ workgroup we can have something ready to release in the 3.1.1 update by Jan 2011.
I've created this blog site to post information about the standardization of data transmission within the Reverse Mortgage industry. I currently co-chair the NRMLA (National Reverse Mortgage Lenders Association) technology committee with Seth Hooper of CoreLogic. Efforts are underway to merge with the forward MISMO format. Keep checking back for updates!!! It's my goal to create synergies around this effort to make it a huge success!