MISMO, the real estate finance industry’s standards organization, is seeking participants for a new initiative focused on standardizing pre-closing title document datasets in order to streamline the business process and improve efficiency.
Currently, there is no standardized process for reviewing pre-closing title data and documents. It differs from agent to agent, resulting in delayed document review and inefficiencies in pre-close procedures, MISMO says in a release.
MISMO will focus on standardizing the datasets of