Abdias Lira
Wolters Kluwer Financial Services
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Background and Overview
Common Workflows
Feature Comparison
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Multiple inconsistent, conflicting ways of representing
common business objects
◦ 14 different definitions for Loan, Borrower, Property, etc…
◦ Little sharing across MISMO process area workgroups
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Same problem also exists for documents
◦ Most MISMO V2 messages have provisions for delivering documents
◦ Each workgroup developed its own definition in V2
 SMART Doc® 1.x
 PRIA_DOCUMENT
 EMBEDDED_FILE
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A uniform way of representing a document across all
MISMO V3 Messages
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Standard view
◦ Like: PDF, XHTML, TIFF, ODF, OOXML
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Complemented with
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Easily accessible data (loan, recording, etc)
Data-view map (e.g., XSLT 2.0 Transform)
Electronic signatures
Tamper-evident seals
Audit trail
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Uniform placement of documents in all MISMO V3
messages
Document
Classification
Deal Sets
Map
…
Document
Views
…
…
Signatories
Audit Trail
System
Signatures
XML Data
Map
(Boiler-plate +
Mapping Rules)
Populated
View
Trusted Template
(Blank, Tagged View)
XML Data
Map
(Data Mapping Rules)
Populated
View
Disclosure
Delivery
Portal
Doc Prep
Deal Sets
Deal Sets
Map
Views
Map
Populated
Document
Signatories
Audit Trail
System Sigs
Populated eDisclosure
Views
Accepted
Document
Signatories
Audit Trail
System Sigs
Accepted eDisclosure
Deal Sets
Deal Sets
Map
Views
Map
Populated
Views
Document
Document
Signatories
Signatories
Audit Trail
Audit Trail
System Sigs
System Sigs
Initial HUD-1 SDV3
Partially Signed Data
Lender
Modified Fee Data
Regenerated View
Final HUD-1 Data
Regenerated View
Closing
Agent
Regenerated
Closing
Platform
Doc Prep
Investor
Deal Sets
Deal Sets
Map
Views
Map
Populated
Document
Signatories
Audit Trail
System Sigs
Populated, Unsigned eNote
Views
Signed
Document
Signatories
Audit Trail
System Sigs
Signed, Tamper-Sealed eNote
PRIA V2 Request
Deal Sets
Views
Recorder
Signed
Map
Signatories
Populated
Document
Signatories
Audit Trail
System Sigs
Recorded
Closing
Platform
PRIA V2 Response
Doc Prep
Deal Sets
Map
Signed
Views
Document
Signatories
Audit Trail
System Sigs
Recorded
Deal Sets
Map
Views
PRIA V3 Request
Signed
Document
Signatories
Doc Prep
Audit Trail
System Sigs
Deal Sets
Closing
Platform
Map
Recorder
Deal Sets
Views
Populated
Document
Map
Signatories
Signed
Views
Audit Trail
Document
Signatories
Recorded
System Sigs
Audit Trail
System Sigs
PRIA V3 Response
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Support for tagged (XHTML, SVG)
and image (PDF) views
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Support for any view format
without requiring changes to the
Document schema
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Customized XHTML DTD
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Standard XHTML DTD
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Support for page breaks for both
paginated and continuous file
formats
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Multiple view versions, multiple
files per view version, shared files
across views
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No support for pages breaks
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One view per document, one file
per view
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Embedded dataset
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Embedded, remote, or shared
dataset
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Extension via embedded DTD and
custom properties
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MISMO V3 standard EXTENSION
element on every container
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MAP section supports any
transformation technology, e.g.
XSLT 2.0.
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Data-view validation plus trusted
templates
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MISMO-specific mapping
language (arcs)
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Data-view validation
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Signature fields only
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Improved field support
◦ Signature fields (notary, witness,
initials, optional signatures, choice
groups)
◦ Interactive fields
◦ Recording endorsement fields
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Signer and signature type prewired at document creation
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Separate containers for proposed
and actual signatory information
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No standard support for
authentication persistence
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Authentication information can
be encrypted and stored directly
into the document
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No standard data field for
signature venue, date and time
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Multiple-occurring execution
data container
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No standard way of specifying
the acceptable singing method
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Support for specifying the
acceptable signing method for
each document
◦ Electronic, wet, any, none
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No standard support for evidence
logs
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Allows for capturing any form of
evidence logs (screen shots,
video, etc…)
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Audit trail evidence logs and
embedded in the document and
can be transferred with the
document
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eMortgage Package 1.x
MISMO Version 3 Message
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Package specification was
isolated from other MISMO specs
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Integrated into the MISMO
Reference Model
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DTD-Based
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Schema-based
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Embedded, serialized, or remote
resources
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Support for zip archives
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Self-contained, XML-only
messages
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Better support for collaborative processes
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Improved security and enforceability
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Better support for third party standards: W3C
Schemas, PDF, XHTML, D-SIG, XSLT-2
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Integrated with MISMO V3 Reference Model
◦ Interoperability, reusability, extensibility
◦ No separate adoption path for SMART Docs®
abdias.lira@wolterskluwer.com