*Data Standards Get A Boost*
**The Latest Promotions, New Hires And Layoffs**
***The Mortgage Bankers Association has completed the transition, announced in September, and will resume support for the Mortgage Industry Standards Maintenance Organization, Inc. (MISMO). With the successful transition, MISMO will now focus efforts on regulatory implementation and advocating for broader adoption of data standards throughout the industry. As part of this news the MBA has made a new hire. PROGRESS in Lending has also learned of a promotion at Urban Lending Solutions. Here’s the details:
****“MBA supports greater efficiency and lower costs throughout the industry by advocating for broad adoption of industry consensus standards developed by MISMO. We are actively engaging both regulators and industry in this effort,” said MBA President and CEO David H. Stevens. “MBA will also provide educational opportunities aimed at helping industry and government better understand and implement MISMO standards. Standardization and transparency are critical to the return of investor confidence and liquidity in the mortgage marketplace, and MISMO has a crucial role to play. I would recommend that MBA members become MISMO subscribers in order to help guide this effort.”
****To assist with these efforts, MBA has hired Cindy Bojokles to be its Director of Industry Standards. In this role, Bojokles is responsible for supporting and advancing the activities of MISMO. Bojokles will work closely with industry executives to increase the standards available to the industry. Bojokles will also help government agencies understand the benefits of adopting the voluntary consensus standards developed by MISMO.
****“Cindy has spent over 15 years working on data standards, data quality and business solutions for the mortgage industry. Her detailed knowledge of technology and business processes will prove invaluable to MBA and the mortgage industry as it continues to advance MISMO and industry standards,” said Stevens.
****Kudos to the MBA. Let’s hope that they dedicate the needed resources to ensure that MISMO remains the industry standard.
****Also, Urban Lending Solutions, a provider of residential and commercial mortgage products and services, announced that Thomas “T.J.” Lewis, Jr. has accepted an expanded role within the company as Corporate Diversity and Business Development Executive. Lewis has been actively involved in business development for the company since 2009. In 2012, Lewis will expand his role with a new focus on diversity, leading the company into new contracts with major banks and bringing new minority suppliers into the company’s service.
****“T.J. is a proven executive who will succeed in this role through his dedication to our clients, his consultative sales skills, and his understanding of the mortgage business,” said Mike Forgas, President of Urban Lending Solutions. “He will be an excellent resource for banks seeking to diversify their spending and has already proven an excellent mentor to minority enterprises entering our marketplace. He’s the perfect executive for this new role.”
****Prior to joining Urban Lending Solutions, Lewis spent 14 years in the financial services business, primarily with Bank of America. He served as a Supplier Relationship Development Manager in the Supply Chain Management unit of the bank, where he increased business and developed relationships with diverse suppliers.
****While at BofA, Lewis received the Six Sigma Green Belt Certification for managing a project that saved the bank more than $1 million annually. In addition, he worked with Commercial Bank middle market companies with annual sales greater than $20 million that were based in Florida, Virginia, and Maryland.