MISMO Elects Board of Directors

The Mortgage Industry Standards Maintenance Organization, a not-for-profit subsidiary of the Mortgage Bankers Association, has announced the appointment of its inaugural board of directors.The MISMO board consists of five members selected from the real estate finance industry and one ex-officio member elected from the ranks of MISMO's Governance Committee. Specifically, the new board includes Edward Godycki of Countrywide Financial Corp., Simi Valley, Calif.; Michael Petree of First Franklin Financial Corp., Irvine, Calif.; Michael Bixby of LandAmerica Financial Group Inc., Norcross, Ga.; Joseph Beggins of GEMSA Loan Services LP, Houston; Niraj Patel of GMAC Commercial Mortgage, Horsham, Pa.; and Adam Hall of IndyMac Bank, Pasadena, Calif., who will serve as the ex-officio MISMO governance director. MISMO develops data-transfer protocols that reduce costs and increase investor confidence in mortgage transactions across the residential and commercial real estate finance industry. It can be found online at http://www.mismo.org.