It's hard to believe, but the humble SMART Doc[R] concept is almost 10 years old. For those of you who don't know the full history, the original SMART Doc concept was developed by Fannie Mae in the early days of the eMortgage movement back in 2001. Fannie Mae participated actively in the nascent MISMO[R] eMortgage Workgroup, and understood the potential significance of the SMART[R] document idea. Fannie felt it was important for the industry to be able to adopt it freely and openly, so the government-sponsored enterprise (GSE) met with Mortgage Bankers Association (MBA) staff and offered to provide the SMART Doc specification and concept to MISMO (the mortgage industry's premier standards organization and a wholly owned subsidiary of MBA) as an open industry standard for further development and refinement.
