MBA Announces $2 Million Investment in MISMO
The Mortgage Bankers Association (MBA) announced a $2 million investment in MISMO, the Mortgage Industry's Standards Organization. The announcement was made by Chris George, MBA's 2019 Chairman and Founder, President and CEO of CMG Financial, at MBA's 2019 Technology Solutions Conference and Expo.
According to George, MBA's large investment will enable MISMO to expand its resources in support of key initiatives, such as a uniform dataset for private label mortgage-backed securities, a standardized closing instructions template, harmonized remote online notary (RON) standards, common standards to encourage business-to-consumer communications on smartphones and tablets, and appraisal and rent roll standards for commercial and multifamily lenders. Read More Here.