The Mortgage Industry Standards Maintenance Organization (MISMO), the real estate finance industry’s standards organization, is currently seeking public comment on the latest version of the MISMO Servicing Transfer Catalog (MSTC), according to an announcement on Thursday.
According to MISMO, the catalog, which was created through the collaboration of the MISMO Servicing Transfers Development Workgroup, will support the “timely and accurate transfer of residential loan information,” facilitate “uninterrupted loan servicing,” and “work to reduce negative effects to both the borrower and the new transferee servicer.”
“Most servicers details ⇒
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