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North American Title Insurance Company is a seasoned title insurance underwriter that has been helping customers achieve the American dream of homeownership for more than 50 years. In the past several years, we have become known as the “underwriter next door,� because our associates are always easy to reach and our processes are, at all times, quick and straightforward. Our agency application process is fast and transparent for qualified agents. NATIC offers a one-hour underwriting response guarantee that is unparallelled in our industry. In addition, we value our agents based on their title industry knowledge and experience, not just on profits alone.

MISMO Receives 2010 Innovation Award

April 5, 2011

The PROGRESS in Lending Association presented the Mortgage Industry Standards Maintenance Organization with one of its five Innovation 2010 awards.

PROGRESS in Lending said MISMO earned the award for development of its MISMO Version 3 Architecture and reference model. FHFA, Fannie Mae and Freddie Mac have adopted it and have published a schedule for adoption by all lenders that deliver loans to them.

“Our executive team has decided that MISMO is among the individuals, companies or groups that have come together to do something truly game changing for the mortgage space,” said PROGRESS in Lending. “The idea of a single industry-wide data standard is not new. However, it has only been through the dedicated work of hundreds of participants that MISMO has been able to reconcile into a single model all the concepts used in origination and loan delivery, to name just two.”

All applications were scored on a weighted scale. PROGRESS in Lending examined the innovation’s overall industry significance, the originality of the innovation, the positive change the innovation made possible, the intangible efficiencies gained as a result of the innovation, and the hard cost and time savings that the innovation enabled industry participants to achieve.

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American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
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