MISMO Introduces New Loan Boarding Standard

MISMO has released a new industry standard designed to address one of mortgage servicing's most persistent operational challenges: transferring loan data accurately from origination systems into servicing platforms.The real estate finance standards organization announced Thursday the release of new Wrapper Files that support implementation of its Loan Boarding Data Segment (LBDS), a standardized dataset intended to streamline how newly originated residential mortgage loans are transferred into servicing systems.