Standards organizations inviting feedback on eNotes
The validation of eNotes, a key component of digital mortgages, is the focus of a new group being established by the mortgage industry’s standards organization.
MISMO is inviting mortgage industry participants to join the group to develop a decision model for eNotes, which is created when all mortgage documents including the promissory are electronically signed.
ENotes are an important component of digital mortgages and to the future of the mortgage industry," said MISMO Executive Vice President and Mortgage Bankers Association Vice President of Industry Technology Rick Hill. "By enabling industry collaboration to create new decision models and validation rules, MISMO is providing tools that help all parties involved in the mortgage process."
The group will take on several responsibilities including reviewing current eNote standards, building a new decision model, and creating implementation guides for lenders and investors.
If you’re interested in participating in this collaborative, industry-wide effort, you can email with the subject "Join MISMO's eNote Validation Community" to [email protected] by June 11, 2018.
