The Mortgage Industry Standards Maintenance Organization (MISMO) has published Version 2.1 of the SMART Doc 1.02 Standardization Mapping and Implementation Guide as final.
“MISMO remains committed to addressing the industry’s top issues by offering additional resources that further protect and maintain data standards,” says David Coleman, president, MISMO.
The updated SMART Doc 1.02 Standardization Mapping and Implementation Guide includes guidance for creating consumer home equity first lien eNotes as well as mapping for consumer home equity first liens based on the 3200 Standard Fixed Rate Note form.
The enhancements provide guidance that can be used by mortgage service providers to increase interoperability and maintain data integrity when using eNotes for consumer home equity transactions.
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