MIMSO puts eHELOC specs out for comment
By: Brad Finkelstein | Published: 2025-06-06 19:59:00 | Source: www.nationalmortgagenews.com
In a move that could further boost a mortgage segment that’s expected to grow, the Mortgage Industry Standards Maintenance Organization has put the SMART Doc V3 eHELOC Specification out for comment for a 30-day period through July 5.
MISMO, a subsidiary of the Mortgage Bankers Association, is the development standards body for the mortgage industry, which works to promote the efficient exchange of data across the industry. It created the standard after receiving requests for natively created home equity line of credit electronic documents. HELOCs, because of high home prices and stubbornly high mortgage rates, like other home equity products, have and are expected to continue to see growth.
“The new Doc V3 eHELOC Specification will help lenders and investors that are interested in…
