MISMO Publishes Standard for Electronic HELOCs

WASHINGTON, D.C. (September 9, 2025) - MISMO®, the real estate finance industry's standards organization, today announced the publication of the SMART Doc® V3 eHELOC Specification. This standard was developed to meet requests for natively created electronic documents to support the growth of home equity lines of credit (HELOCs). The use of the MISMO SMART Doc provides assurance that loan documents and associated data are consistent, reliable, and unaltered.

"The SMART Doc® V3 eHELOC Specification will help lenders and investors that are interested in gaining efficiencies and trust while originating, buying, and servicing HELOCs," said MISMO Acting President Richard Hill. "The new specification further enables the seamless exchange of HELOC data and documents between trading partners."

The SMART Doc® V3 Verifiable Profile allows document data to travel with the PDF and then be automatically verified with the document image.

MISMO's work to solve key industry challenges is made possible through the support of its members, champions, sponsors, and lenders (via the Innovation Investment Fee). To learn more about MISMO and opportunities to participate, visit MISMO.org.