ࡱ> IKJ&(O(/ 00DTimes New Roman̳0~0DArialNew Roman̳0~0" DHG Mincho Light J;MS Mincho;HG 0DStarSymbolight J;MS Mincho;HG   @n?" dd@  @@`` `+\    $c $@ g4@d@d~0` {ppp@ <4܎xg4$d$d~0p@ pp<4BdBd܎x:2___PPT9/ 0?^-01/23/04 2Dattar Systems, Inc. 2004O^=01/23/04 2Dattar Systems, Inc. 2004w^Benefits & Application Examples of OPEN EDI Standards development 1/27/04 MISMO REPI Meeting_D 9Karl Dattar AppraisalTrac/Dattar Systems, Inc 01/23/2004 Overview4Address some of the not so obvious considerations for qualifying an EDI standard as genuinely OPEN Success cases of OPEN EDI standards Where are we with OPEN EDI standards for Appraisal ? Are the stars aligned for an OPEN Appraisal Standard? Why MISMO REPI? Tangible benefits to Lenders and Service Providers5 25+OPEN EDI Standard Technical Considerations,,Non-proprietary definitions and documentation for the phases of EDI Transport Session & Conversation Management Content Format & Interpretation General Error handling Reasonable ability to implement standard on Operating System of choice without reliance on third party plug-ins or proprietary extensions Standard should be owned/managed by an independent body that has committed the standard to the public domain Allows standard to change and evolve for the universal benefit of allVEc 2FEcF )OPEN EDI Standard Business Considerations**No dependency on the ongoing existence of third-party entity(s) No liability to  switching horses mid-stream Proprietary standards tend to cripple a business by locking them into a particular vendor s technology thereby making future business changes difficult Intellectual Property Issues Freedom to implement standard through internal IT resources or third party providers Freedom from complicated licensing issues and dueling Non-Disclosure Agreements j@S.0S20S0S2S@.9Examples of Open EDI Standards for B2B Process Automation::US Customs ABI (Automated Broker Interface) www.cbp.gov/xp/cgov/import/operations_support/automated_systems/abi Healthcare Insurance Portability and Accountability Act (HIPAA) http://aspe.hhs.gov/admnsimp/index.shtml Financial Information Exchange (FIX) Protocol www.fixprotocol.org Email (SMTP - Technically a transport protocol) www.ietf.org And many more & .,E@)/1 ,D@).  0        0-G2 : Are we there yet? In light of the Technical & Business Considerations for qualification of a genuinely OPEN EDI standard discussed earlier, We are still without an OPEN EDI standard for Appraisal J}8$")What is different today? Technical Issues**The Internet Effect: Information Technology has become a commodity Barriers to technology acquisition have been reduced Easy access to Technical Knowledge XML A wealth of development tools for XML XML platform independence XML is psychologically a better fit Web Services based on WSDL - Web Services Descriptor Language (WSDL < > Web Site) Automated discovery & interaction of data services`33  )What is different today? Business Issues**DMyriad success cases attributed to OPEN Standards and OPEN Standards organizations: W3C (e.g., HTML) IETF (e.g., SMTP) FIX PROTOCOL MISMO Investments in OPEN Standards provide business cost savings without the ball and chain Investments in Proprietary Standards are a dead-end investment in the typical business environmentxT 2&W 2c 2T$Wc  Why MISMO ?  MISMO s mission is to develop, promote, and maintain voluntary electronic commerce standards for the mortgage industry - making them an ideal and unique candidate You know who they are and where they stand Several workgroups under the MISMO umbrella are addressing EDI Business Process Automation for this industry One Stop shop for lenders and service providers for OPEN EDI standardsX 2+ 2 2D+$ &MISMO REPI WorkgroupStandards are based on platform independent XML Property XML Status: Release Candidate (Almost there) Appraisal XML Status: Release Candidate (Almost there) Appraisal Fulfillment XML Status: Close to submission to core for initial review1 **71 ** 7 < MISMO  REPI Workgroup Tangible benefits for Lenders & Service ProvidersJJFreedom to develop IT infrastructure internally or outsource per YOUR business budget and requirements A Complete EDI specification to interact with YOUR service providers and vice versa Freedom to alter YOUR business models and operations without being tied to proprietary standards 2)Q & A  /P     !#'*P ` ̙33` ` ff3333f` 333MMM` f` f` 3z?-](fd,?%-]D  K k%-0 K@%-P v?" dd   " @ `@v?%-]d  P! 5%-d 5d5%-d  5d `x" dd, d  " d@@ d``dp5" dd5 dd 5" dd@5 dd`5dd5" dd5 dd 5" dd@5 dd`5dd (  R"  s *Ghff jR"  s *Ghff -  N$x3f̙  x W#Click to edit the title text format$ $  Hx3f̙ h x Click to edit the outline text format Second Outline Level Third Outline Level Fourth Outline Level Fifth Outline Level Sixth Outline Level Seventh Outline Level Eighth Outline Level Ninth Outline Level&g H  03f̙?rs ? ̙33 Default Design 0 @D(  ^  S  ?;_     0$x    .  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Technical Issues*What is different today? Business Issues Why MISMO ?MISMO REPI WorkgroupJMISMO REPI Workgroup Tangible benefits for Lenders & Service ProvidersQ & A  Fonts UsedDesign Template Slide Titles  6> _PID_GUIDAN{95C6C7B4-5697-11D8-BAF1-00A0C9140FFF}Root EntrydO)p$.L@Current User'SummaryInformation(9PowerPoint Document(p  !"#$%&'()*+,-./012345678:;<=>?@BCDEFGHS_pdattark  !"#$%&'()*+,-./012345678:;<=>?@BCDEFGHJKLMNOPSRoot EntrydO)Current UserISummaryInformation(9PowerPoint Document(pDocumentSummaryInformation8A