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July 21, 2006
MISMO Offers Guidance on E-Signing PDFs
The eMortgage Workgroup of the Mortgage Industry Standards Maintenance Organization has unanimously passed a motion to develop implementation guidance for creating electronically signed PDF documents using the Adobe PDF 1.6 specification. The announcement is a follow-up to MISMO's May 3 statement on e-mortgage activities as they relate to the possible formal adoption of the Adobe PDF format. A motion to include data mapping guidance as well as e-signature guidelines was voted down. A MISMO spokesman told MortgageWire that the motion was defeated because if it had passed, classic PDF would be a competitor to the category-one SMART Doc, and historically MISMO has never endorsed proprietary technology as part of its open standards. MISMO deferred judgment on Intelligent PDF until Adobe posts a worldwide patent license letter on the product.
Posted by S. Germain at July 21, 2006 07:53 AM