American Land Title Association
Home  >  News Room
News Room

SoftPro is the nation's leading provider of Real Estate Closing and Title Insurance software

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 gets commercialized

February 11, 2003

Commercial Mortgage Securities Assn., MBA aim to strengthen data standards efforts

Inman News Features

The Mortgage Bankers Association of America's data standards organization—the Mortgage Industry Standards Maintenance Organization (MISMO)—is now authorized to include the contents of the Commercial Mortgage Securities Association's investor reporting package into the MISMO data dictionary.

CMSA will retain both the ownership and the responsibility for revising and updating the investor reporting package, according to MBA.

MBA also reported that MISMO will establish an extensible markup language (XML)-based data transfer specification that will provide information consistent with CMSA's report. The MISMO commercial working group will also schedule releases of its XML lexicon to reflect changes to the investor report.

MISMO's commercial steering committee will be expanded by two seats, according to MBA. These new members will be appointed by CMSA and approved by the existing MISMO commercial leadership.

MBA Vice Chair Michael F. Petrie said the CMSA's participation is crucial to MISMO. "As it is in the best interest of the commercial mortgage industry to develop industry data standards as soon as possible, CMSA's contribution is good not only for MISMO, but for the entire industry," he said.

In addition, MBA and CMSA are working on an intellectual property agreement to finalize CMSA's contribution of the investor reporting package with regard to this effort.

Washington, D.C.-based MBA is a national association representing the real estate finance industry.

New York City-based Commercial Mortgage Securities Association is an international trade organization that aims to improve the liquidity of commercial real estate debt securities through capital markets access.

Copyright: Inman News Service

Print Friendly

How To Find Us:
American Land Title Association
1800 M Street, NW, Suite 300S
Washington, D.C. 20036-5828
P. 202.296.3671 F. 202.223.5843
Copyright © 2004-2015 American Land Title Association. All rights reserved.
SecurityMetrics for PCI Compliance, QSA, IDS, Penetration Testing, Forensics, and Vulnerability Assessment