MISMO is organized and operated exclusively as a nonprofit corporation within the meaning of Section 501(c)(6) of the Internal Revenue Code of 1986 to promote and support the common business interests of the real estate finance industry. In furtherance of this purpose, MISMO develops, promotes and maintains, through an open process, voluntary electronic commerce procedures and standards for the real estate finance industry to enable real estate finance-related information and e-mortgages to be securely exchanged between mortgage lenders, investors, servicers, vendors, borrowers, and other parties more efficiently and economically for the benefit of industry participants and consumers of mortgage and real estate investment products and services.
As a wholly-owned subsidiary corporation of the Mortgage Bankers Association, the following MBA personnel are officers of the MISMO Corporation:
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| President Mr. Doug Duncan, Ph.D. Sr. Vice President MBA Education, Research & Industry Technology | Secretary and General Counsel Ms. Phyllis Slesinger General Counsel Mortgage Bankers Association | Acting Executive Vice-President Mr. Dan Szparaga Senior Director MBA Commercial/Multi-Family | Treasurer Ms. Angela Lazear Senior Account Executive Mortgage Bankers Association | Vice-President Mr. Harry Gardner Senior Director MBA Industry Technology | |
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