MISMO Calls for Industry Input in Development of New Tool to Simplify Standards Adoption
February 20, 2025
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WASHINGTON, D.C. (February 20, 2025) – MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on artifacts introduced or updated to support creation of Unique Identifiers (Unique ID) for the MISMO Reference Model. The 60-day public comment period will run through April 21, 2025.
“As new data standards are developed, users must expend considerable time and effort to identify changes and business impacts,” said Acting MISMO President Richard Hill. “Assignment of a Unique ID to each container and data element will enable users to seamlessly conduct an impact analysis of moving to the new version or more easily support multiple versions of the Reference Model.”
Guidelines for the creation and maintenance of Unique IDs are captured in MISMO Engineering Guide 0047 (MEG 0047) and the corresponding MISMO Unique Identifiers Implementation Guide to support industry usage. In addition, a minor change was made to MISMO Engineering Guide 0016 (MEG 0016) to provide readers with a reference to MEG 0047 for additional Unique ID guidance.
Unique IDs will facilitate:
- Reduced time and cost required to determine if internal system changes are required
- Reduced concern that a new Reference Model version will break an organization’s processes
- Enhanced adoption of newer Reference Model versions.
The public comment period allows those who participated in the proposal at least 60-days’ notice prior to final release to review and disclose any applicable Patent Rights (as defined by MISMO’s 2018 Intellectual Property Rights Policy).
MISMO requests that any organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products to disclose them at this time in writing. All comments and disclosures are due by April 21, 2025, and should be directed to [email protected].
MISMO’s work to solve key business challenges is made possible by its members, champions, sponsors, and lender support through the Innovation Investment Fee. Visit MISMO.org to learn how you can get involved.