1. eMortgage Workgroup SMART Doc™ 3.0 Overview Abdias Lira MISMO Trimester Meeting Orlando, FL January/2008 1

2. eMortgage Workgroup Agenda Milestones, current work and plans Business drivers SMART Doc® 3 structure overview Use cases HUD-1, Recordable Document, eNote 2

3. eMortgage Workgroup SMART Doc® 3 Milestones so Far Sep/2006 –Initial meetings Jan/2007 –Defined scope May/2007 –Approved compound document and XLS-T 2.0 approaches Aug/2007 –Approved approach for MISMO V3 Package –Baselined HUD-1 use case Jan/2008 –Baselined recordable documents use cases –Baselined eNote Requirements and use cases 3

4. eMortgage Workgroup Current Work eNotarization requirements and use cases eSignature requirements and reconciliation Looking for other major use cases Draft MISMO Package 3 specification and schemas Draft SMART Doc® 3 Specification and schemas 4

5. eMortgage Workgroup The Road Ahead Finalize requirements and use cases documents Discuss with MISMO Architecture Workgroup –Relationships, XLink –Element-based schema approach –Use of EXTENSION in SMART Doc® 3 schemas –DEAL element containment and contents Review specifications and schemas Create sample documents for the use cases Present proposals at the May ‘08 Trimester 5

6. eMortgage Workgroup Business Drivers Better support for collaborative workflows Resilience to dataset schema changes Use of W3C Schemas 6

7. eMortgage Workgroup What is a SMART Doc® 3.0? A standards-based view –Like PDF, HTML, TIFF Complemented with –MISMO specific document-level metadata –Easily accessible data (loan, recording, etc) –Electronic signature attributes –Tamper-evident seals –Audit trail –View versions –…

8. eMortgage Workgroup Compound Document Structure Document is divided into small, cohesive parts –Each part may have its own schema, DTD, and namespace –Each part can be validated independently Parts are packaged into a MISMO Package 3 –ZIP (similar to ISO ODF, ECMA OOXML) –XML with embedded encoded elements –W3C XOP –File system

9. eMortgage Workgroup Sample SMART Doc® 3 Document ContentDescription.xml DocumentInfo.xml SmartDocCore.xml SmartDocAuditTrail.xml Metadata View View.pdf Signatures Signature-1.xml

10. eMortgage Workgroup HUD-1 Use Case Scenario 1.Lender 1.Creates initial data file 2.Creates XSL-T stylesheet 3.Generates the populated View using the stylesheet 4.Seals the stylesheet and selected parts of the data 2.Settlement Agent 1.Adds to or modifies the data file 2.Generates new populated View using the XSL-T stylesheet 3.Lender 1.Validates data file against business rules 2.Validates tamper seals 3.Generates final View using the XSL-T stylesheet 4.Seals data and non-signature portions of the view 5.Sends document to the closing room 4.Closing Room 1.Presents document to the borrower for signing 2.Seals the entire view

11. Sample HUD-1 ContentDescription.xml DocumentInfo.xml SmartDocCore.xml SmartDocAuditTrail.xml Metadata Data LoanData.xml Map Hud-transform.xsl View View.htm Signatures Signature-1.xml Signature-2.xml

12. eMortgage Workgroup TIFF Delivery Recording Scenario 1.Lender 1.Creates document view and loan data file 2.Seals the data 3.Seals the view, excluding signature areas 2.Closing Room 1.Presents document to the borrower and notary for signing 2.Creates notary data file 3.Seals the notary data and the view 4.Generates a TIFF image of the view and send it to the recorder 3.Recorder 1.Applies the recording endorsement to the TIFF image 2.Send recorded image and data back to the requester 4.Closing Room 1.Embeds the recording data and recorded image into the SMART Doc® 2.Seals the recording data file and the recorded view

13. Sample Recorded Document ContentDescription.xml DocumentInfo.xml SmartDocCore.xml SmartDocAuditTrail.xml Metadata Data LoanData.xml NotaryData.xml RecordingData.xml View View.pdf RecordedView.tif Signatures Signature-1.xml Signature-2.xml Signature-3.xml

14. eMortgage Workgroup SMART Doc® 3 Delivery Recording Scenario 1.Lender 1.Creates document view and loan data file 2.Seals the data 3.Seals the view, excluding signatures area and recording endorsement area 2.Closing Room 1.Presents document to the borrower and notary for signing 2.Creates notary data file 3.Seals the notary data and the view, excluding recording endorsement area 3.Recorder 1.The Recorder verifies that the document meets the requirements for recordation. A manual process in which a clerk looks at document view to verify the information, A lights out process that runs business rules against the supplied loan and notary data, or A combination of both. 2.Creates recording data file 3.Populates recording endorsement area on the view 4.Seals recording data file and the entire view

15. eMortgage Workgroup E-Note Data-View Validation, Option I SMART Doc® 1 - Equivalent Validation 15 1.Regenerate the view using the provided template/stylesheet 2.Compare the result with the provided View Limitations: –No automated way to verify that the transformed data is in the right place in the view and it is not masked, covered or decorated –No automated way to verify that the language on the document is correct –Requires manual verification of each document if more strict validation is desired

16. eMortgage Workgroup Data-View Validation Option II 1.Check if provided template/stylesheet is already in the trust repository If it is not, manually inspect the template/stylesheet and store it in the trust repository 2.Regenerate the view using the trusted template/stylesheet 3.Compare the result with the provided view 16

17. eMortgage Workgroup Help Wanted Tuesdays 2pm ET –eMCIT Wednesdays 2pm ET –E-Signatures Thursdays 1pm ET –General SMART Doc® V3 17

18. eMortgage Workgroup Questions 18

19. eMortgage Workgroup View Generation Method XML Data XSL-T 2.0 Populated XHTML View 19

20. eMortgage Workgroup Template Population Method XML Data Template (Blank, Tagged XHTML View) XSL-T 2.0 Populated XHTML View 20

21. eMortgage Workgroup Design Alternatives - XLink <locator xlink:label=“signer-1” xlink:href=“../Data/LoanData.xml#xpointer(//*[@xlink:label="BORROWER1"])” /> 21

22. eMortgage Workgroup Design Alternatives - XPointer 22

23. eMortgage Workgroup Design Alternatives - XPath 23

24. eMortgage Workgroup View Generation XSL-T Sample Settlement Statement Borrower Name:

25. eMortgage Workgroup Template Population XSL-T