MISMO has created a community of practice (COP) that will focus on potential standards for environmental, social, and governance (ESG) initiatives to meet the needs of market participants.
“MISMO is ready to collaborate and engage with lenders, servicers, issuers, mortgage insurers, vendors, investors, government agencies and regulators, government sponsored enterprises, and all other market participants to facilitate the development and adoption of standards to support the exchange of ESG information, including, but not limited to, data, terms, and definitions,” MISMO President Seth Appleton said in a release.
“We invite all interested organizations to participate in this new COP and provide input on how standards can help the industry successfully navigate and innovate in the evolving ESG landscape,” he added.
Professionals interested in joining are invited to attend the first ESG COP meeting later this month, with a follow up discussion at the MISMO Fall Summit. Initial discussions will focus on the impact of ESG within the residential and commercial mortgage industry and the potential role of industrywide MISMO standards.