john cirincione copyright, tel 330.656.2020 the drive towards data standards in the mortgage...
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John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
The Drive Towards The Drive Towards Data Standards Data Standards
in the Mortgage Industryin the Mortgage Industry
John Cirincione, SRAJohn Cirincione, SRATechnology and MISMO Representative, Technology and MISMO Representative,
Appraisal Institute Appraisal Institute
Location Intelligence Conference Location Intelligence Conference April 3-5, 2006, San Francisco, CAApril 3-5, 2006, San Francisco, CA
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
MISMOMISMO(Mortgage Industry Standards Maintenance (Mortgage Industry Standards Maintenance
Organization)Organization)
• Established by MBA in 1999 Established by MBA in 1999
• Coordinate development and Coordinate development and maintenance of XML real estate finance maintenance of XML real estate finance specifications.specifications.
• 30+ Workgroups30+ Workgroups
• 5,000+ data points in the standard.5,000+ data points in the standard.
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
MISMO REPIMISMO REPI(Real Estate Property Information Workgroup) (Real Estate Property Information Workgroup)
• REPI is 1 of 30+ Workgroups in MISMO REPI is 1 of 30+ Workgroups in MISMO
• Focus on real estate property & appraisal.Focus on real estate property & appraisal.
• Creates data standards & business Creates data standards & business definitionsdefinitions
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
Core Data
Residential Process Area Workgroups
Governance
Origination
Closing Servicing
Mortgage App Secondary
InformationSecurity
Board of Directors
UnderwritingReal Estate Services
MI
Credit
TitleAppraisal & Property
FloodTax Hazard
Multi-Services
eMortgage
PRIA
SMART Doc
ePackaging
eMessaging
ROI
I-Guide
eRecording
eNotarization
eVaulting
AppraisalInstitute
Logical Data Dictionary
Commercial
eMortgage
Servicing
Origination
Core Data
LDD
Architecture
Core Structures
Enveloping
Commercial Architecture
SISAC
ALTA
SPeRS
CMSANNA
USNA
MISMO Data Standards Organizational MISMO Data Standards Organizational StructureStructure
OGC (Collaboration
Stage)
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
MISMO Policy Structure MISMO Policy Structure OverviewOverview
- - “parts of MISMO’s standards body “parts of MISMO’s standards body infrastructure”infrastructure”
• Privacy Privacy
• Terms of UseTerms of Use
• Antitrust Antitrust
• Intellectual Property Rights (IPR)Intellectual Property Rights (IPR)
• ProceduresProcedures
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
OGC–Appraisal Institute-MISMO OGC–Appraisal Institute-MISMO DiscussionsDiscussions
• OGC knows geospatial web interface OGC knows geospatial web interface specifications.specifications.
• MISMO knows mortgage industry standards.MISMO knows mortgage industry standards.
• Appraisal Institute knows real estate Appraisal Institute knows real estate property.property.
• Bandwidth barriers are diminishing by the Bandwidth barriers are diminishing by the day.day.
• Seek champions to define ‘software Seek champions to define ‘software interfaces’ interfaces’ W
eb UnifiedEnvironment
Real tim
e
www.opengeospatial.org www.mismo.orgwww.appraisalinstitute.org
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
Database
Attributes
+
Mapping
GIS = Map + AttributesGIS = Map + Attributes
-- “leveraging the common location “leveraging the common location component from a data standard”component from a data standard”
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
Real Estate Property is the Real Estate Property is the core component within the core component within the
MISMO REPI WorkgroupMISMO REPI WorkgroupProperty
Property Characteristics
Common Property Description across all process areas
Inspection Information
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
The Intelligent Document The Intelligent Document (PDF+XML)(PDF+XML)
““To put it simply, To put it simply, Intelligent Intelligent Document Driven Document Driven Integration Integration …provides the …provides the ability for enterprises to ability for enterprises to publish well-formatted publish well-formatted electronic documents (so-electronic documents (so-called ‘information called ‘information containers’) with which containers’) with which customers can interact, and customers can interact, and that can interact with back-that can interact with back-end company systems.”end company systems.”
– Wall St & Technology, Mark Wall St & Technology, Mark Davydov (Bank of America)Davydov (Bank of America)
Process Meta Data
Document Meta Data
Form Data
Core Content
XML
META Group
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
PhotosPhotos
Pulldowns for Pulldowns for description & description & identificationidentification
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
SketchesSketches
Zoom in to highlight detailZoom in to highlight detail
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
Create GeoPDF Reader Enable and GeoEnable
Redline & Mark Up GeoPDF Using Adobe Reader.With MAP2PDF for
Acrobat Export updates as in GIS format
GIS
GIS FOR THE BUSINESS ENTERPRISE
Geo-registered PDF Map Concept
John Cirincione copyright, Tel 330John Cirincione copyright, Tel 330.656.2020.656.2020
Questions?Questions?
John CirincioneJohn CirincioneTel 330.656.2020Tel 330.656.2020
[email protected]@propertyappraisal.com
www.appraisalinstitute.comwww.appraisalinstitute.com