MISMO, the mortgage industry's standards organization, is expanding its JavaScript Object Notation initiatives designed for mobile use and some transactions.
A new group, known as the JSON Development Workgroup, will create guidelines for implementing JSON in business-to-business and business-to-consumer environments. It will also as well as to develop example JSON reference implementations.
“JSON is the technology of choice for mobile devices and lightweight transactions,” said Richard Hill, executive vice president of MISMO and vice president for industry technology at the Mortgage Bankers Association. “Technologists have embraced JSON as a faster means of exchanging smaller pieces of information in innovative new ways to serve the mortgage industry and our customers. As mortgage lenders, software companies and third-party service providers collaborate to provide the ultimate consumer experience. MISMO standards will ensure that everyone is speaking the same language.”
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JSON is a lightweight language for structuring data that is frequently used to exchange information through application programming interfaces and mobile platforms. It use has grown throughout the mortgage industry as more technology companies leverage application programming interfaces to share data. For example, JSON can be used to share information between different systems when lenders order mortgage insurance through an application programming interface that links a lender's loan origination system with a vendor.
This activity builds upon MISMO’s first JSON initiative to develop standards for consumer transactions. With this expanded effort, MISMO plans to create consistency within the growing number of transactions taking place in JSON format.
The MISMO JSON Development Workgroup will be responsible for creating:
- MISMO guidelines for naming and structuring information in the JSON format.
- Example JSON reference implementations.
- Guidelines for maintaining conformance with the MISMO data standard, and
- Educational materials and guidelines for implementing JSON standards.
