*MISMO’s Role in the Mortgage Industry*
**By William E. King**
***The Mortgage Industry Standards Maintenance Organization (MISMO) has had a significant impact on the way data is stored and shared since the collapse of the housing market in 2008. MISMO is transparent by design, uses a single business vocabulary and is available across the entire mortgage finance industry. Adoption of MISMO standards represent the most significant opportunity for professionals to meet industry demands for increased transparency, access to complete data sets and more supported analysis across the rapidly evolving mortgage finance landscape.
William E. King is the director of valuation services at Veros Real Estate Solutions (Veros), headquartered in Santa Ana, Calif. His responsibilities include managing automated quality controls, overseeing appraisal rules and scoring modules, as well as actively monitoring the enhancement of Veros’ proprietary valuation models and risk analytics. In his previous role, King served as owner and chief appraiser of ValueOne Appraisal. He holds both a certified residential appraisal license and a real estate broker’s license. King is a nationally recognized instructor of real estate and appraisal courses, including USPAP. Additionally, he is an active speaker at numerous real estate industry conferences and events.