MISMO Releases AI Glossary for Mortgage Finance Industry

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MISMO, the real estate finance industry’s standards organization, has published the Artificial Intelligence (AI) Glossary, a resource designed to establish a shared vocabulary for AI across mortgage finance.

According to the organization, the new resource brings together the AI terms and definitions impacting the mortgage industry. The glossary will be updated as new AI advancements emerge, and MISMO added this new initiative will support the industry’s adoption of AI through standards, best practices, and guidance.

“Artificial intelligence is transforming every part of the mortgage industry,” said Acting MISMO President Rick Hill. “By creating a common vocabulary, the AI Glossary provides the foundation for consistency and clarity, helping lenders, servicers, regulators, and technology providers better collaborate and innovate responsibly.”