MISMO's Seth Appleton joining USMI as president
Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.
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Jan Davis has been named acting president of the technology standards organization as the Mortgage Bankers Association conducts a search for a permanent replacement.
Mortgage Industry Standards Maintenance Organization (MISMO) appointed vice president of operations Jan Davis as its acting president.
Appleton, who currently serves as co-chair of the Bipartisan Policy Center’s Housing Council, will assume the USMI role in January 2023.
While Bids Wanted in Competition have been used by MBS sellers in the past, a lack of standardization of data points has reduced competition and price, the organization said.
As the housing market slows, lenders will look to use more time investing in technology and making mortgages faster, easier and cheaper, according to one mortgage expert.