MISMO Publishes Updated eVault Standards and SMART Doc® Validation Rules

WASHINGTON, D.C. (July 17, 2025) – MISMO®, the real estate finance industry's standards organization, today published revisions to the eVault Standards and SMART Doc® Validation Rules. This standard increases interoperability and trust between partners trading eNotes.

“The MISMO eVault standards were designed to ensure that eVaults have the proper functionality for all industry participants,” said MISMO Acting President Rick Hill. “eVaults using the standards, including the validation rules, ensure seamless interoperability for lenders that trade eNotes.”

Changes to the eVault Standards and SMART Doc® Validation Rules include corrections to typographical errors. The 30-day public comment period will run through August 16, 2025.    

The public comment period allows at least 30 days’ notice prior to final release to review and disclose any applicable Patent Rights (as defined by  MISMO's 2018 Intellectual Property Rights Policy).

MISMO requests that any organization that may have any patent or patent applications, or other intellectual property rights that might be infringed upon by an organization that uses or is compliant with these proposed MISMO products to disclose them at this time in writing. All comments and disclosures are due by August 16, 2025, and should be directed to [email protected].

MISMO’s work to solve key business challenges is made possible by its members, champions, sponsors, and lender support through the Innovation Investment Fee. Visit MISMO.org to learn how you can get involved.