After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its reference model includes reverse mortgage features.

On Tuesday, MISMO announced that the new version has reached “candidate recommendation status.” The group detailed three of its key features:

• A data file with a “representation of the data and relationships that support industry business processes”
• A new logical data dictionary (LDD) that offers a business-centric view details ⇒

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