MISMO launches emerging technologies community

The organization is inviting lenders, software vendors, third-party service providers, and public agencies to participate

By Francis Monfort

20 Aug 2018

MISMO, the mortgage industry's standards organization, is inviting lenders, software vendors, third-party service providers, and public agencies to join the newly launched Emerging Technologies Community of Practice.

Community participants will be tasked with identifying and monitoring emerging technologies that could have a significant impact on the mortgage business.

"The new group will help the industry take a proactive approach to new technologies," said Rick Hill, executive vice president of MISMO and MBA vice president of industry technology. "With the accelerating pace of new technologies, the group's forward-looking approach is intended to help companies realize the full benefit of new innovations more rapidly. Our new community of practice is designed to keep MISMO ahead of the curve, so we will be better able to support the needs of our members and the mortgage community at large."

By joining the community, mortgage industry participants can gain insights into innovations as well as opportunities to collaborate on related initiatives. MISMO envisions the community to facilitate conversations about emerging technologies and their potential impact on the mortgage industry as well as assessing the need for related standards. An information-sharing mechanism will also be developed by participants.