MBA Appoints Carroll, Crisenbery to MISMO Board of Directors

The Mortgage Bankers Association, parent corporation of the Mortgage Industry Standards Maintenance Organization, appointed Pete Carroll, Executive Vice President with Quicken Loans, Detroit; and Andy Crisenbery, Senior Vice President and Managing Director of eLending Solutions with Black Knight Financial Services, Jacksonville, Fla., to the MISMO Board of Directors.

“Pete’s background in both lending and the regulatory environment, along with Andy’s knowledge of vendors and MISMO, will help ensure that the MISMO Board of Directors has the broad perspective to oversee the organization and ensure that it serves the entire mortgage industry,” said MBA President and CEO David Stevens, CMB. “I congratulate them on their appointments and look forward to their continued contributions.”

The MISMO Board of Directors represents a cross-section of the real estate finance industry that manages and directs MISMO’s business and affairs. The MISMO board consists of representatives from the residential and commercial mortgage industry who serve two-year terms.

Kyung Cho-Miller, Linglong He and Eddy Wetsel will step down from the Board of Directors. “I would like to thank Kyung, Linglong and Eddy for their considerable contributions to MISMO over the years” said MISMO President Mike Fratantonit. “Their efforts have been invaluable to preparing the organization to evolve the standards to support ever-expanding industry needs.”

New board members serving in an ex-officio capacity include new MISMO Committee chairs Charlie Epperson, Chief Technology Officer with SigniaDocs, Chair of the MISMO Education Committee; Randy Poirier, Vice President of Data Solutions with Black Knight Financial Services, Chair of the Residential Standards Governance Committee; and Matt Seu, Partner with Actualize Consulting, Chair of the MISMO Strategic Planning Committee.

Pete Carroll is Executive Vice President with Quicken Loans, where he provides expertise on recent and pending changes to legislation and regulations in the origination, servicing and secondary markets. He previously served as Assistant Director of the Office of Mortgage Markets with the Consumer Financial Protection Bureau, leading a team responsible for monitoring and analyzing markets for mortgage related products and services, as well as assessing the impacts of mortgage rulemaking on lenders, consumers and other stakeholders.

Andy Crisenbery is Senior Vice President and Managing Director of eLending Solutions at Black Knight Financial Services, where he oversees key operations of the company. He has been involved with MISMO for several years, helping to create and lead the Membership and Revenue Committee.

Carroll and Crisenbery join the following members of the MISMO Board of Directors:

–Nancy Alley, Vice President of Strategic Planning with Simplifile;
–Bill Beckmann, President and CEO of MERSCORP Holdings Inc.;
–Kathy Gray, Executive Vice President Business Compatibility Development with Wells Fargo Home Mortgage;
–Michelle Korsmo, CEO of the American Land Title Association;
–Gabe Minton, Senior Vice President and Chief Technology Officer with PHH Mortgage;
–Ken Rivkin, Global Head of Commercial Real Estate and Managing Director with Auction.com;
–Joe Tyrrell, Executive Vice President with Ellie Mae;
–Joshua Weinberg, Senior Vice President for Compliance with First Choice Loan Services Inc;
–Mike Fratantoni, President of MISMO and Chief Economist, Senior Vice President of Research and Industry Technology with MBA.

About MISMO
MISMO® is the standards development body for the mortgage industry. use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit www.mismo.org.