MISMO, the real estate finance industry’s standards organization, released an update to its Property and Valuation Services (PaVS) Procurement Dataset Specification on Tuesday, aiming to modernize how valuation services are ordered across the mortgage ecosystem.

The updated specification replaces legacy form-based ordering with a standardized, data-driven framework for exchanging valuation service orders. It is designed to support the industry’s transition to UAD 3.6 and uses structured data elements to streamline communication between lenders, appraisal management companies (AMCs) and valuation service providers such as appraisers.

The intended users are primarily technology teams responsible for integrating order data across those systems.

“The details ⇒

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