I
ndustry leaders are invited to weigh in on a crucial development: the Loan Boarding Data Segment (LBDS), a game-changing dataset designed by MISMO, the real estate finance industry's standards organization. This comprehensive list of data points is the first published subset of the Industry Transfer of Servicing Dataset (ITSD) and aims to establish a baseline standard for boarding newly originated residential mortgage loans.

    The LBDS builds upon the recently released MISMO Servicing Transfer Catalog, which offers best practices, templates, and resources for seamless loan transfers between servicers. By utilizing the LBDS, servicers can identify gaps in their existing data exchange specifications and provide feedback to MISMO, enabling continuous improvement of the dataset.

    "The ultimate goal is to boost transparency and efficiency in data exchanges across the board," said Rick Hill, MISMO's Acting President. "By streamlining loan activation times, we're ultimately enhancing the borrower experience."

    Industry stakeholders have until May 19 to submit their comments and feedback on the LBDS. All submissions should be directed to [email protected] by May 19, 2025. Through its mission-driven approach, MISMO continues to drive innovation in the industry, made possible by the support of its members, champions, sponsors, and lenders who contribute through the Innovation Investment Fee.