MISMO 2023 Spring Summit Kicks Off

(MISMO President David Coleman (l.) and MBA Vice President of Industry Technology Rick Hill)

The Mortgage Industry Standards Maintenance Organization–MISMO–kicked off its 2023 Spring Summit in Portland, Ore. on Monday.

More than 300 industry practitioners gathered for four days of panel discussions, workgroup meetings and presentations from subject matter experts. Representatives from the GSEs, government agencies, more than 25 lenders and a number of FHLBs joined the conference to meet with their industry colleagues and discuss some of the hottest topics in mortgage finance.

Highlights from day one included:

MBA Vice President of Industry Technology Rick Hill and new MISMO President David Coleman kicked off the Summit with a conversation about David’s vision for MISMO over the next few months.

Anne Marie Pippin, Associate Director in FHFA’s Office of Financial Technology and Leah Price, Vice President at Figure Lending, led a panel discussion about FHFA’s upcoming Velocity TechSprint.

One of the hottest topics at the MISMO Spring Summit has been FHFA’s credit scoring changes. A panel featuring Shawn Jobe of Informative Research, Mark Fisher of Fannie Mae, Alan Hitchcock of Freddie Mac, Tony Hutchinson of VantageScore, Marie Morel-Seytoux of FICO, Sika Pryor of FHFA and Elizabeth Spring of CFBP discussed the reporting requirements and timeline of events related to the announcement.

MISMO Vice President Jonathan Kearns led a discussion among first-time summit attendees about new MISMO tools and resources.

MISMO’s Education Council Chair Charles Epperson presented certifications to the most recent Certified MISMO Standards Professionals (CMSPs).

At the MISMO Spring Summit, experts Angel R. Hernandez of Stavvy, Mindy Stephens of AAMVA and Brian Webster of NotaryCam led a discussion about the advances in customer identification and authentication including the new mDL (mobile driver’s license) and what it could mean for mortgage.

Matt Seu, Principal at Actualize Consulting, led a discussion about Servicing Transfers and MISMO’s new Servicing Transfers Catalog, an industry playbook designed to reduce the risk of potential issues, featuring Joey Prince of NewRez/Shellpoint Mortgage, Elizabeth Spring of CFPB and Matt Tully of Sagent.

Representatives from Freddie Mac, Fannie Mae, Ginnie Mae and the U.S. Department of Veterans Affairs answered questions and provided updates on ongoing initiatives.