The Mortgage Industry Standards Maintenance Organization (MISMO) has announced its board of directors for 2021.
“MISMO is a driving force in transforming the mortgage industry to a digital world, and its 2021 board is well-equipped to steer the organization toward this future,” Mortgage Bankers Association (MBA) President and CEO Robert Broeksmit said in a release. “MBA fully supports MISMO as it works to standardize data and information through industrywide collaboration.”
Kurt Pfotenhauer, First American Financial Corp., will continue to chair the MISMO board. Other returning members include Jeff Bode, MidAmerica Mortgage; Mike Fratantoni, MBA; Chris McEntee, ICE Mortgage Technology; Steve Powel, SitusAMC; Sam Oliver, Freddie Mac; Erik Schmitt, Chase; Steven Smith, Finicity; and Chuck Walker, Fannie Mae.
New members for the coming year are Gary Clark, Sierra Pacific Mortgage; Vicki Chenault, CoreLogic; Jim Follette, PennyMac; John Hedlund, Amerihome; Jeff Hurley, CBRE; Chad Powers, Black Knight; Eric Ray, Radian; Tony Renzi, Common Securitization Solutions; Matt Rider, Wells Fargo; Michael Wood, Bank of America; and Brian Woodring, Quicken Loans.
“MISMO’s 2021 board of directors includes an impressive group of top executives from across the mortgage industry who are committed to our leadership role as the central point for collaboration among a diverse array of mortgage ecosystem participants,” Seth Appleton, MISMO president, said. “This is an all-star team that will work towards real solutions to some of the industry’s toughest challenges as we increase our efforts to create a more seamless and productive digital future.”
The MISMO board is responsible for overseeing the organization’s activities, and members represent both the residential and commercial real estate industry. All directors and chairpersons are appointment by the MBA, which manages the board, and committee chairs serve as ex-officio representatives on the MISMO board.
MBA also announced changes to the bylaws and structure of MISMO.
“We have updated the MISMO governance structure and bylaws to more accurately represent MISMO’s impact and influence as a strategic and collaborative resource for the mortgage finance industry,” Pfotenhauer said. “These enhancements help the MISMO board represent the key stakeholders across the industry that are actively involved with creating and deploying MISMO standards and initiatives.”
Updates to the bylaws included the creation of five additional board seats, new board composition parameters, and three additional board oversight committees. According to the release, these changes are to ensure the organization focuses on “addressing the highest priority business challenges of the mortgage ecosystem.”