MISMO is seeking public comment on its new eModification Reference Guide. The comment period is 30 days and will run through May 24, 2021.
This time is also intended to give MISMO workgroup participants who participated in this project the opportunity to review the information and disclose any applicable patent rights. If there are any non-participant organizations that may have any patent or patent applications, or intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products, the organization requests they be disclosed in writing at this time.
“The eModification Reference Guide is a resource for mortgage servicers to help identify whether an investor currently accepts electronically signed loan modification agreements,” MISMO stated in a release. “It also includes guidance on the format of the eModification (e.g., SMART Doc), the procedures involved depending on whether the promissory note is a paper note or an eNote and the systems to which the eModification may need to be reported (i.e., MERS eRegistry).”
Any questions about MISMO or the reference guide should be sent to [email protected].