view in browser
MISMO Elevates Reference Model Versions 3.0, 3.1 to Recommendation Status

Van Raaphorst, Rob
MISMO announced elevation of Reference Model Versions 3.0 and 3.1 to “Recommendation” status. 

Recommendation status is the highest possible maturity level for a MISMO standard. The MISMO Residential Standards Governance Committee elevated Versions 3.0 and 3.1 to Recommendation status based on evidence of multiple successful industry implementations and the advice of the MISMO Architecture Workgroup.    

MISMO Version 3, first introduced in March 2009, represented a significant shift forward for the MISMO standards. Development of Version 3 required that all Version 2.x standards be reconciled into a single XML Schema-based Reference Model providing common data definitions and data structures across multiple business lines. Version 3.0 was released as a Candidate Recommendation in December 2009 with emphasis on origination and loan delivery. Version 3.1 was released soon thereafter to include the remainder of the lifecycle. 

“The MISMO Reference Model and Logical Data Dictionary are the result of thousands of hours of effort and collaboration from volunteers across the mortgage industry,” said Harry Gardner, chair of the Residential Standards Governance Committee and president of SigniaDocs. “We are grateful for their ongoing efforts and for the generous support of their companies as we continue to significantly expand and enhance the Reference Model in Version 3.3, to provide the mortgage industry with the framework needed to meet the fast-changing regulatory and compliance challenges we face today.”

The MISMO reference models and supporting information are available at   

Use of MISMO standards is governed by the MISMO Intellectual Property Rights Policy. For more information on the policy, visit:

MISMO®, the Mortgage Industry Standards Maintenance Organization, is the voluntary standards development body for the mortgage industry. Voluntary use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit