Agenda Welcome, Introductions, IPR MBA Technology Committees New MISMO Organization
Board of Directors Governance Committees Residential Council of Chairs MBA/MISMO Staff
Technology and the Industry September Trimester Workgroup Objectives
Architecture Core Data/Structures Industry Workgroups
Questions/Comments
Welcome and Introductions
Antitrust and IPR Policy: By participating in this meeting you are
agreeing to be bound by MISMO’s IPR (Intellectual Property Rights) policy which can be found at www.mismo.org
All meetings are conducted in accordance with MISMO’s Antitrust Policy
MBA Technology Committees
MBA BoD
BoDTech
Provide Strategic Guidance to MBA Board
Policy Recommendations
MISMO, Inc.
Openly-developed and Vendor-Neutral Industry
Data & eMortgage Standards
BoDTech Oversees
MISMO Activities through Reports from
MISMO Board
SISAC, Inc.
Secure Identity for Electronic Transactions
for the Mortgage and Financial Services
Industries
BoDTech Serves as the Interim SISAC Board, and Directly Oversees SISAC
Activity
COMBOG
Commercial Industry Governance
CommTech Committee · Commercial Tech Issues· MISMO and eMortgage Adoption· Surveys· Conferences
RESBOG
Residential Industry Governance
ResTech Committee
· Residential Technology Issues· MISMO and eMortgage Adoption· Surveys· Conferences
Governance Governance
Architecture ArchitectureChair Co-Chair
Vice Chair Co-Chair
Board of Directors
Core Data/ Structures
Core Data/ Structures
Special AreaWorkgroups
Process AreaWorkgroups
Process AreaWorkgroups
Special AreaWorkgroups
Residential
MBA BoDTech Committee
Commercial
MISMO Officers(MBA Staff)
New MISMO Organization
MISMO Board of Directors
MISMO is a wholly-owned subsidiary of the Mortgage Bankers Association – a 501(c)6 corporation
Board of Directors Stephen Gozdan, Cenlar FSB--Chair Bill Frazer, CBRE | Melody Dawn Gibbs, CEO FICS JT “Thomas” Richardson, Bank of America Corp. Catherine Rodewald, Prudential Mortgage Capital Co. Jim Cooke, Ballard Spahr Andrews & Ingersoll, LLP (Ex Officio,
Commercial GC Representative) TBD (ExOfficio, Residential GC Representative)
2008-09 Residential Governance Committee
At-Large MERS - Dan McLaughlin Mortgage Cadence - Gabe Minton
Credit Company Equifax Mortgage Svcs - Paul Wills
GSEs Freddie Mac - Ted Adams Fannie Mae - David Coleman
Lenders/Brokers GMAC ResCap - Dave Erkes Quicken Loans - Patrick Hartford Wells Fargo - Michael Levine Open
Mortgage Insurance Company MGIC - Nancee Gorenstein, Vice
Chair
Technology Vendors Wolters Kluwer Financial Services -
Abdias Lira Dexma - Gretchen Peterson
Service Providers First American Real Estate Services
- Tom Payne American Land Title Association -
Kelly Romeo Servicing Technology
Fiserv - Ron Duff, Chair Fidelity (FNIS) - Randy Gillis
Origination Technology WiPro Gallagher Financial Services
- Chris Anderson ISGN - Todd Luhtanen
2008-09 Commercial Governance Committee
Primary Market Participants Midland Loan Services - Robert Wright Bridger Commercial Funding - Wendy Sadeh
Secondary Market Investor Babson Capital Management - Joanne Denver
Vendor Ballard Spahr Andrews & Ingersoll, LLP - Jim Cooke, Chair
Service Provider New seat - To be elected this year
At-Large New seat - To be elected this year
MISMO Residential WorkgroupsWorkgroup Chair Vice Chair MISMO Staff
Architecture Dave Krause Greg Alvord, Chief Architect
Dave Krause
Core Data/Structures Ted Adams Mike Bixby Dave Krause
BREW John Liston Open Gloria Zimmer
Credit Reporting Paul Wills Mike Bixby Colleen Flaxington
Doc Classification Rick Mosely Pat Ditlevson Colleen Flaxington
eMortgage Patrick Hartford Abdias Lira Harry Gardner
Flood Beth Martel Rob Allen RJ Schlecht
Fraud Igor Katic Denise James RJ Schlecht
Govt Housing Dan Kahn Bonnie McCloskey Colleen Flaxington
Interface Architecture
Rachael Sokolowski
OpenRJ Schlecht
MISMO Residential Workgroups, Cont’d
Workgroup Chair Vice Chair MISMO Staff
Info Security Dick Taylor Cynthia Watson RJ SchlechtMortgage Insurance Mike Fleck Nancee Gorenstein Colleen Flaxington
Multi-Services Eric Mayling Open RJ Schlecht
Origination Denise Lawrence Chris Ulbright Colleen Flaxington
Property & Valuation Svcs
Rob Frazier John CirincioneMark Ladd, PRIA
Colleen Flaxington
Secondary Mark Friend Open G. Zimmer/C. Flaxington
Servicing Mark Friend Open Gloria Zimmer
Real Estate Tax Denise Jones Gretchen Peterson Gloria Zimmer
Title Insurance Charles Epperson
Eric MaylingKelly Romeo, ALTA
RJ Schlecht
MISMO StaffStaff Member MBA Position MISMO Role
Jan Sternin Sr. VP, Commercial Real Estate/Multifamily Finance
Chief Executive Officer
Harry Gardner VP, Industry Technology President
Dan Szparaga Assoc.VP, Commercial Industry Technology
Executive Vice President
Malikah Crable Senior Commercial/ Multifamily Assistant
Subscriptions & Events
Colleen Flaxington
Director, MISMO Programs Program Administration, Board, GC, & CoC Support
Dave Krause Director, Architecture & MXCompliance
Resi AWG Chair, Comm AWG Co-Chair, MXC Administrator
RJ Schlecht Director, Information Security
ISWG Chair, CoC Co-Chair, SISAC Administrator
Gloria Zimmer Director, MISMO Standards Liaison to External Orgs, Comm. Stds. Tech Support
Technology & the Industry
Industry challenges are well-known and evolving daily Technology and standards are critical to the solutions:
Enterprise data management Information transparency Fighting industry fraud Restoring liquidity in the investor markets Identifying, tracking and reporting on loan data throughout
the lifecycle - unique loan identification number (MIN) Version 3.0 Reference Model provides the foundation
for all of these
MISMO has never been more important to the industry!
Architecture WG Objectives
Mon: Version 3.0 Architecture Overview Working with the Demonstration Examples and the
Reference Model XLink and Relationships Plural Containers and the Reference Model Origination and Secondary/Service Needs and the v3.0
Design Organization of LOAN focusing on PRODUCT and ARM Reusable Structures and their Impact on the Logical Data
Dictionary
Tues-Weds: MISMO Architect Greg Alvord will be available to all WGs for questions
Architecture WG Objectives, Cont’d
Thurs morning: Working with PACKAGE, SOAP, SMART Doc and MISMO Standards PACKAGE: Structure and Component Functions PACKAGE and DEAL with Origination and Secondary/Servicing
messages PACKAGE and DEAL with Verb/Noun Pairs SOAP Protocols and MISMO Messages SMART Doc v3 and MISMO Version 3.0
Thurs afternoon: Wrap Up and Planning the Completion of Milestone 3 activities
Core Data/Structures WG Objectives
Weds morning: Representatives of each WG meet to report and briefly discuss outstanding issues identified during individual WG meetings Collect, Discuss, and Resolve All Outstanding Issues
with the v3.0 Model Approve Shared and Reusable Structures Integrate New Data Elements in the Model
Industry Workgroup Objectives
Tues and Weds: Review and Provide Feedback on Demonstration Examples and Reference Model Ensure structure:
Addresses necessary business case(s) Includes all data points needed for messages
Collect All Issues with Demonstration Examples and Reference Model to Present during Core Data/Structures Session on Weds morning
Generate and Describe Changes Needed to Meet Specific Business Cases or Approve
Plan Remaining Milestone 3 Activities Final Approval of Structure Development of Implementation Guides Creation of MX Compliance Test Guides
eMortgage Workgroup
Weds morning: Review and Approve Two Documents
eRecordable Documents Use Case eNotarization Business Requirements
SMART Doc 3.0 Samples & Schema Weds afternoon: SMART Doc 3.0 Specification
Thurs morning (parallel sessions): Joint meeting with AWG eMortgage Adoption Task Force
Thurs afternoon: Review / Discuss AWG joint meeting results eSignature / eNotarization data points discussion w/PRIA