Form 990 for tax year 2022

Totals

Total revenue

$4,370,300

Total expenses

$4,110,169

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$4,238,011

Investment income

$132,289

Other revenue

$0

Total assets, end of year

$4,538,814

Total liabilities, end of year

$1,166,252

Net assets or fund balances, end of year

$3,372,562

Program services expenses (Part IX)

— not reported

Management and general expenses

— not reported

Fundraising expenses

— not reported

Program service expenses (Part III)

— not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2022

• MISMO IS THE STANDARDS DEVELOPMENT BODY FOR THE MORTGAGE INDUSTRY. MISMO WAS ESTABLISHED IN 1999 BY THE MORTGAGE BANKERS ASSOCIATION (MBA). MISMO BECAME A NOT-FOR-PROFIT SUBSIDIARY OF MBA IN 2004. MISMO DEVELOPED A COMMON LANGUAGE FOR EXCHANGING INFORMATION FOR THE MORTGAGE FINANCE INDUSTRY. TODAY, MISMO STANDARDS ARE ACCEPTED AND DEPLOYED BY EVERY TYPE OF ENTITY INVOLVED IN CREATING MORTGAGES, AND THEY ARE REQUIRED BY MOST REGULATORS, HOUSING AGENCIES AND THE GSES THAT PARTICIPATE IN THE INDUSTRY. USE OF MISMO'S STANDARDS HAS BEEN FOUND TO LOWER PER LOAN COSTS, IMPROVE MARGINS, REDUCE ERRORS AND SPEED UP THE LOAN PROCESS BY REDUCING MANUAL, PAPER-BASED PROCESSES WHILE CREATING COST SAVINGS FOR THE CONSUMER.MISMO STANDARDS ARE GROUNDED IN AN OPEN PROCESS TO DEVELOP, PROMOTE AND MAINTAIN VOLUNTARY CONSENSUS-BASED STANDARDS THAT ALLOW PARTICIPANTS IN THE MORTGAGE INDUSTRY SUCH AS MORTGAGE LENDERS, INVESTORS IN REAL ESTATE AND MORTGAGES, SERVICERS, INDUSTRY VENDORS, BORROWERS AND OTHER PARTIES TO EXCHANGE INFORMATION AND MORE SECURELY, EFFICIENTLY AND ECONOMICALLY.MISMO MEMBERS PAY ANNUAL DUES ON A CALENDAR YEAR BASIS. SOME ORGANIZATIONS PARTICIPATE AS MISMO CHAMPIONS, A HIGHER LEVEL OF MEMBERSHIP THAT COMES WITH ADDITIONAL BENEFITS. LENDERS PATH TO MEMBERSHIP/CHAMPIONS PROGRAM IS VIA PAYMENT OF THE INNOVATION INVESTMENT FEE (IIF). LENDERS WHO PAY AT LEAST $1,000 IN IIF ARE RECOGNIZED AS MISMO MEMBERS. LENDERS WHO PAY IIF AMOUNTS CONSISTENT WITH MISMO CHAMPIONS LEVELS ARE RECOGNIZED ACCORDINGLY.MORTGAGE BANKERS, LENDERS, SERVICERS, VENDORS AND SERVICE PROVIDERS DEVELOP AND USE MISMO STANDARDS. NEARLY EVERY RESIDENTIAL LOAN MANUFACTURED IN THE US UTILIZES MISMO STANDARDS. MISMO STANDARDS ARE ACCEPTED AND DEPLOYED BY EVERY TYPE OF ENTITY INVOLVED IN CREATING MORTGAGES, AND THEY ARE REQUIRED BY MOST REGULATORS, HOUSING AGENCIES AND THE GOVERNMENT SPONSORED ENTITIES (GSES) THAT PARTICIPATE IN THE INDUSTRY. THESE STANDARDS PROMOTE DATA QUALITY AND CONSISTENCY THROUGHOUT THE INDUSTRY. IN FY23 MISMO MAINTAINED ITS FOCUS ON PROVIDING THE RESOURCES NEEDED TO FACILITATE KEY INDUSTRY IMPLEMENTATION AND TECHNOLOGY INITIATIVES IN KEY AREAS INCLUDING: GSE CREDIT SCORE CHANGES; SERVICING TRANSFERS; TITLE AND CLOSING FORM MAPPING; INDUSTRY LOAN APPLICATION DATASET (ILAD) ENHANCEMENTS; PRIVATE LABEL MBS; CLOSING INSTRUCTIONS TEMPLATE MAPPINGS AND SPECIFICATION; REMOTE ONLINE NOTARIZATION STANDARDS ENHANCEMENTS; ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG); BUSINESS PROCESS MODEL LIFE OF LOAN MODEL ENHANCEMENTS; BUSINESS GLOSSARY ENHANCEMENTS; REVERSE MORTGAGE STANDARDS; VA VERIFICATION OF BENEFITS STANDARDIZED DATASET; AND DATA GOVERNANCE AND MANAGEMENT.MISMO PUBLISHED VERSION 3.6 OF THE MISMO REFERENCE MODEL IN "CANDIDATE RECOMMENDATION" STATUS IN MAY 2023, MEANING THAT IT HAS BEEN THOROUGHLY REVIEWED BY A WIDE RANGE OF ORGANIZATIONS AND INDUSTRY PARTICIPANTS AND IS AVAILABLE FOR USE ACROSS THE INDUSTRY. VERSION 3.6 OF THE MISMO REFERENCE MODEL IS CULMINATION OF A MULTI-YEAR COLLABORATION AMONG HUNDREDS OF VOLUNTEER EXPERTS AND SERVES AS THE BASIS FOR NEARLY ALL MISMO STANDARDS AND WILL SHAPE EVERY NEW API, DATASET, AND SMART DOC IN THE COMING YEARS.MISMO PUBLISHED A NEW STANDARDIZED EXCHANGE FOR CLOSING INSTRUCTIONS INFORMATION. THE MASTER AND TRANSACTIONAL CLOSING INSTRUCTION TEMPLATES AND XML MAPPING SPECIFICATION CREATED A CONSISTENT FORMAT FOR CLOSING INSTRUCTIONS AND ARE DESIGNED TO ENHANCE COMMUNICATION BETWEEN LENDERS AND SETTLEMENT AGENTS, THEREBY REDUCING CLOSING ERRORS. THE TEMPLATES, AND CORRESPONDING INFORMATION EXCHANGE, FOCUS ON THE FORMAT AND ORGANIZATION OF CLOSING INSTRUCTIONS RATHER THAN LEGAL LANGUAGE OFTEN INCLUDED IN INSTRUCTIONS TO CREATE A BETTER AND MORE SEAMLESS EXPERIENCE FOR ALL PARTIES.MISMO PUBLISHED THE IMPLEMENTATION GUIDE FOR THE SMART DOC VERSION 3 VERIFIABLE PROFILE, WHICH OUTLINES THE REQUIREMENTS NEEDED TO CREATE MISMO SMART DOCS IN PDF FORMAT. MISMO'S IMPLEMENTATION GUIDE HELPS MORTGAGE INDUSTRY PARTICIPANTS CREATE A TRULY ELECTRONIC RECORD THAT PRODUCES A TRUSTED DATA EXPERIENCE FOR MARKET PARTICIPANTS, ENSURING THAT WHAT THE BORROWER SEES AND SIGNS ON A COMPUTER SCREEN IS THE EXACT DOCUMENT THAT WILL BE STORED. MISMO DEVELOPED THE NEW DEFINING THE E AND S REFERENCE GUIDE AND RELATED DATA IMPLEMENTATION CONSIDERATIONS GUIDE. THE GUIDES ARE DESIGNED TO ASSIST IN IDENTIFYING DATA ELEMENTS THAT COULD BE LEVERAGED BY LENDERS, INVESTORS, AND TRADING PARTNERS TO GATHER ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) INFORMATION. ALSO ON THE ESG FRONT, MISMO INTRODUCED THE FLOOD RISK DISCLOSURE RESOURCE GUIDE AS A RESOURCE FOR BORROWERS TO UNDERSTAND THE ENVIRONMENTAL RISKS THAT MAY BE ASSOCIATED WITH A PROPERTY BEFORE THEY PURCHASE. THE GUIDE IS NOW REFERENCED ON CFPB'S WEBSITE AS AN IMPORTANT TOOL FOR LENDERS TO USE TO ASSIST CONSUMERS IN EVALUATING POTENTIAL FLOOD RISK. MISMO DRAFTED TITLE AND CLOSING SPECIFICATIONS DATASET SPECIFICATIONS FOR THE CLOSING PROTECTION LETTER, TITLE COMMITMENT, FEE SHEET, AND ENDORSEMENTS. ADOPTION OF THESE DATASET SPECIFICATIONS WILL ACCELERATE THE INDUSTRY'S DIGITAL TRANSFORMATION AND ALLOW ORGANIZATIONS TO CONTINUE TO ENHANCE AUTOMATION AND INTEROPERABILITY. MISMO PUBLISHED VERSION 2.1 OF THE SMART DOC 1.02 STANDARD MAPPING AND IMPLEMENTATION GUIDE AS FINAL PROVIDING HELPFUL GUIDANCE TO MORTGAGE SERVICE PROVIDERS LOOKING TO STREAMLINE THE CREATION OF HOME EQUITY FIRST LIEN ENOTES. MISMO PUBLISHED THE DATA GOVERNANCE AND MANAGEMENT PROGRAM IMPLEMENTATION RESOURCE PACKAGE, WHICH INCLUDES A SERIES OF TEMPLATES, GUIDES, AND EDUCATIONAL RESOURCES THAT ORGANIZATIONS CAN USE TO ESTABLISH THEIR OWN DATA GOVERNANCE AND MANAGEMENT PROGRAM WITHIN THEIR ORGANIZATION.MISMO PUBLISHED THE FINAL VERSION OF ITS STANDARDIZED PRIVATE LABEL RMBS DATASET AND IMPLEMENTATION GUIDE DESIGNED TO ENHANCE THE QUALITY AND CONSISTENCY OF DATA SENT TO THE RATING AGENCIES, WHICH WILL LEAD TO A MORE EFFICIENT PROCESS FOR PRIVATE LABEL RESIDENTIAL MORTGAGE-BACKED SECURITIES.UPDATES WERE PUBLISHED FOR THE MISMO STANDARD INDUSTRY LOAN APPLICATION DATASET (ILAD) TO INCLUDE SEVERAL GSE AUS CHANGES (FREDDIE MAC LOAN PRODUCT ADVISOR V5.3.00 AND FANNIE MAE DESKTOP UNDERWRITER V1.8.4) ALONG WITH OTHER MEMBER REQUESTED CHANGES, INCLUDING NEW DATAPOINTS TO CAPTURE BANKRUPTCY, FORECLOSURE, AND MILITARY SERVICE DETAILS. ILAD REPLACES MANY PEER-TO-PEER DATA EXCHANGES THAT FORMERLY UTILIZED THE FANNIE MAE 3.2 FILE AS A DE FACTO DATA EXCHANGE STANDARD.MISMO RELEASED THE FINAL CONSUMER FACING CHARGE AND FEE NAMING GUIDE WHICH BENEFITS LENDERS AND VENDORS BY PROVIDING A STANDARD SET OF EXPECTED FEE NAMES AND DESCRIPTIONS FOR THE LOAN ESTIMATE AND CLOSING DISCLOSURE FOR COMMONLY USED FEES BRINGING CONSISTENCY ACROSS THE INDUSTRY AND FACILITATING EFFORTS TO COMPLY WITH REGULATION.MISMO PUBLISHED THE FINAL SERVICING TRANSFERS CATALOG, A PLAYBOOK OF BEST PRACTICES AND REUSABLE TEMPLATES FOR CONDUCTING EFFICIENT SERVICING TRANSFERS AND INITIATED EFFORTS TO EXPLORE DEVELOPMENT OF A STANDARDIZED SERVICING TRANSFERS DATA EXCHANGE. MISMO PUBLISHED A NEW DATASET FOR COMMENT WHICH, DEVELOPED IN COORDINATION WITH THE U.S. DEPARTMENT OF VETERANS AFFAIRS, PROVIDES AN INDUSTRY STANDARD FOR THE TRANSMISSION OF THE INFORMATION REQUIRED ON THE VA VERIFICATION OF BENEFITS FORM, CREATING EFFICIENCY AND IMPROVED INTEROPERABILITY WITHIN THE SYSTEM. ADDITIONAL HIGHLIGHTS IN THE DEVELOPMENT OF MISMO STANDARDS IN FY23 INCLUDE: -MISMO WAS RECOGNIZED AS A HOUSINGWIRE TECH100 AWARD WINNER FOR THE THIRD YEAR IN A ROW.-MISMO CONTINUED TO EXPERIENCE SIGNIFICANT TRACTION WITH RESPECT TO ADOPTION OF THE MISMO STANDARDS. -MISMO STANDARDS CONTINUED TO BE USED BY FANNIE MAE AND FREDDIE MAC TO COMPLY WITH THE REQUIREMENTS OF THE FHFA-MANDATED UNIFORM MORTGAGE DELIVERY PROGRAM (UMDP). -MISMO STANDARDS WERE USED IN THE RE-WRITE OF THE GSES UPDATED UNIFORM APPRAISAL DATASET (UAD) REQUIREMENTS AS WELL AS FOR FHA, VA, GINNIE MAE, AND USDA MODERNIZATION EFFORTS. -MISMO WAS USED IN THE RE-WRITE OF THE GINNIE MAE POOL DELIVERY DATASET (PDD). -MISMO WAS USED IN UPDATES TO THE GSES UNDERWRITING SYSTEMS. -MISMO WAS USED IN THE GSES NEW UNIFORM LOAN APPLICATION DATASET (ULAD) UPDATES. -MISMO CONTINUED SUPPORTING COLLABORATION AND STANDARDS DEVELOPMENT IN THE DIGITAL MORTGAGE SPACE INCLUDING REVIEW AND UPDATE OF THE REMOTE ONLINE NOTARIZATION (RON) STANDARDS; COLLABORATION TO CREATE EVAULT STANDARDS; AND GROWTH OF THE EMORTGAGE TECHNOLOGY CERTIFICATION PROGRAM.-COLLABORATION CONTINUED SPECIFIC TO DEVELOPMENT OF A STANDARDIZED REGULATORY COMPLIANCE DATASET TO ENABLE STATE LEVEL PORTFOLIO REVIEW DATA REQUIREMENTS TO BE MORE CONSISTENT AND EASIER TO PROVISION.

• INDUSTRY COLLABORATION AND EVENTS: INDUSTRY COLLABORATION IS A CORE FUNCTION OF MISMO. MISMO STANDARDS SUCH AS THOSE NOTED ABOVE ARE DEVELOPED THROUGH COLLABORATION OF MORTGAGE PROFESSIONALS AND CONDUCTED USING A VOLUNTARY CONSENSUS PROCESS IN ACCORDANCE WITH DOCUMENTED POLICIES AND PROCEDURES SUCH AS THE MISMO INTELLECTUAL PROPERTY RIGHTS (IPR) AND ANTITRUST POLICIES. INDUSTRY COLLABORATION MAY SIMPLY BE AN EXCHANGE OF INFORMATION, IDEAS, AND/OR EDUCATION AROUND A SPECIFIC TOPIC. MISMO'S 35+ WORKGROUPS (WGS) WERE STAFFED BY INDUSTRY VOLUNTEER CONTRIBUTORS THAT FOCUS ON SPECIFIC BUSINESS PROCESS OR TECHNICAL DOMAINS. STANDARDS ACTIVITY IS CONDUCTED BY INDUSTRY CONTRIBUTORS WHO CHAIR WORKGROUPS, AUTHOR BUSINESS AND TECHNICAL DOCUMENTATION, REPRESENT THE ORGANIZATION AT INDUSTRY CONFERENCES AND ATTEND MEETINGS AND CONFERENCE CALLS TO CONTRIBUTE THEIR EXPERTISE TOWARDS CREATING INDUSTRY STANDARDS. IN FY23 MISMO EXPANDED USE OF WG FACILITATORS, PAID PROFESSIONAL STAFF, TO SUPPORT THE CONTRIBUTORS AND ACCELERATE TIME TO MARKET FOR WG DELIVERABLES FOR PRIORITIZED INITIATIVES ENSURING THAT EVERY WG OR COMMUNITY OF PRACTICE HAS A FACILITATOR. INDUSTRY COLLABORATION OCCURRED IN EACH OF THE WGS. KEY AREAS OF COLLABORATION INCLUDED CREDIT SCORES; DIGITAL MORTGAGE; SERVICING TRANSFERS; TITLE AND CLOSING; ARTIFICIAL INTELLIGENCE; REVERSE MORTGAGES; BLOCKCHAIN USE CASES IN MORTGAGE; AND MORE. HIGHLIGHTS ARE NOTED BELOW.MISMO PROVIDED INDUSTRY LEADERSHIP SPECIFIC TO THE FHFA MANDATED CREDIT SCORE AND CREDIT REPORTING CHANGES. MISMO CONDUCTED A WORKSHOP IN JANUARY 2023 TO IDENTIFY AND DOCUMENT OPERATIONAL AND IMPLEMENTATION QUESTIONS AROSE FOLLOWING DIRECTOR THOMPSON'S ANNOUNCEMENTS ON CREDIT SCORING CHANGES IN OCTOBER 2022. AT THE WORKSHOP, A CROSS SECTION OF LENDERS, SERVICERS, MORTGAGE INSURERS, TECHNOLOGY PROVIDERS, CREDIT BUREAUS, CREDIT RESELLERS, SERVICE PROVIDERS, AND THE GSES, AMONG OTHERS, COLLABORATIVELY IDENTIFIED MANY CRITICAL ISSUES INCLUDING THOSE RELATED TO UNDERWRITING, PRICING, ELIGIBILITY, VALIDATION, AND DISCLOSURES THAT ARE CONNECTED TO THE INTRODUCTION OF NEW CREDIT SCORING MODELS, UPDATED MODELS, AND THE MOVE FROM A TRI-MERGE OF SCORES TO A BI-MERGE OF SCORES. MISMO CONTINUED LEADING COLLABORATION ON CREDIT SCORE IMPACTS AND BEGAN DEVELOPMENT OF INDUSTRY IMPLEMENTATION GUIDANCE THROUGHOUT THE YEAR OFFERING MULTIPLE WEBINARS TO RAISE AWARENESS AND GATHER FEEDBACK. SIGNIFICANT PROGRESS WAS MADE GETTING TO A COMMON UNDERSTANDING OF POTENTIAL OPERATIONAL IMPACTS AND RELATED INDUSTRY CONCERNS.MISMO PARTNERED WITH THE MBA TO PRODUCE AN ARTIFICIAL INTELLIGENCE (AI) FORUM IN SEPTEMBER 2023, THE FIRST OF ITS KIND TO BE OFFERED. THE EVENT KICKED OFF WITH A RECEPTION AT AMAZON'S HQ2 THE EVENING BEFORE. THE DAY LONG FORUM WAS ATTENDED BY OVER 170 REPRESENTATIVES FROM MAJOR LENDERS, SERVICE PROVIDERS, TECHNOLOGISTS AND GOVERNMENT AGENCIES. THERE WERE PRESENTATIONS BY OVER 20 SPEAKERS RANGING FROM THE AWS AND GOOGLE TO THE BIG 4 CONSULTING FIRMS TO SEVERAL LENDERS. THE EVENT WAS WELL RECEIVED BY ALL IN ATTENDANCE MAKING IT CLEAR THAT THE INDUSTRY WAS LOOKING FOR AN OPPORTUNITY TO COLLABORATE IN THIS AREA.MISMO HOSTED A WORKSHOP IN MAY 2023 TO REVIEW AND SOLICIT FEEDBACK ON THE SERVICING TRANSFERS CATALOG AND BEGAN DISCOVERY FOR THE NEXT PHASE OF SERVICING TRANSFERS STANDARDS ACTIVITIES INCLUDING DISCUSSIONS AROUND DEVELOPMENT OF A STANDARD SERVICING TRANSFERS DATASET. MISMO'S 2023 WINTER SUMMIT IN JANUARY 2023 LED OFF WITH A FASCINATING SESSION FEATURING JASON CAVE, DIRECTOR OF FHFA'S NEW OFFICE OF FINANCIAL TECHNOLOGY. THAT WAS ONE OF MANY HIGHLIGHTS OF THE WINTER SUMMIT WHERE MISMO ENJOYED RECORD ATTENDANCE; RECOGNIZED INDUSTRY PROFESSIONALS FOR A JOB WELL DONE DURING THE ANNUAL AWARDS CEREMONY; AND CONDUCTED MULTIPLE WORKGROUP AND COMMUNITY OF PRACTICE MEETINGS THROUGHOUT THE WEEK. IN JUNE 2023, MISMO HOSTED THE 2023 SPRING SUMMIT IN PORTLAND, OREGON WHERE WE ENJOYED FOUR PRODUCTIVE DAYS OF PANEL PRESENTATIONS, WORKGROUP MEETINGS, AND STRATEGIC PLANNING SESSIONS WITH ATTENDEES FROM EVERY SECTOR OF THE INDUSTRY. IN TOTAL, WE HAD 310 ATTENDEES, WHICH INCLUDED REPRESENTATIVES FROM FANNIE MAE, FREDDIE MAC, GINNIE MAE, FHA, THE U.S. DEPARTMENT OF VETERANS AFFAIRS, THE CFPB, CONFERENCE OF STATE BANK SUPERVISORS (CSBS), FHFA, SEVERAL FHLBS, COMMON SECURITIZATION SOLUTIONS, THE CALIFORNIA DEPARTMENT OF FINANCIAL PROTECTION AND INNOVATION, AND MORE THAN 25 LENDERS. IN ADDITION TO THE WORKGROUP MEETING AND PANEL DISCUSSIONS, MISMO ALSO HELD A MISMO BOOTCAMP SESSION AND A NEWCOMER ORIENTATION FOR FIRST-TIME MISMO SUMMIT ATTENDEES. ELEVEN NEW ASSOCIATE MISMO STANDARDS PROFESSIONALS (AMSPS) AND TWO NEW CERTIFIED MISOM STANDARDS PROFESSIONALS (CMSPS) WERE RECOGNIZED AT THE SUMMIT FOR EARNING THEIR CERTIFICATIONS. MISMO HOSTED ITS 2023 FALL SUMMIT IN ARLINGTON, VA. THE EVENT KICKED OFF WITH AN INFORMATIVE INTERVIEW WITH JULIA GORDON, FHA COMMISSIONER. SHE WAS FOLLOWED WITH PRESENTATIONS COVERING THE FHFA VELOCITY TECH SPRINT, ESG, MBA ECONOMIC EXPECTATIONS, CREDIT SCORE CHANGES AND GSE UPDATES. THERE WERE WORKGROUP MEETINGS AND STRATEGIC PLANNING SESSIONS OVER THE REST OF THE WEEK WITH ATTENDEES FROM EVERY SECTOR OF THE INDUSTRY. IN TOTAL, MISMO HAD OVER 360 ATTENDEES, REPRESENTING THE THIRD LARGEST MISMO SUMMIT TO DATE.

• CERTIFICATION: MISMO CERTIFICATION PROGRAMS FACILITATE INTEROPERABILITY BY PROVIDING TRANSPARENCY INTO WHICH EMORTGAGE TECHNOLOGY SERVICE PROVIDERS COMPLY WITH APPLICABLE MISMO STANDARDS AND CERTIFICATION REQUIREMENTS. IN FY23 MISMO EXPANDED OUR CERTIFICATION PROGRAM BY ENHANCING THE PRODUCT CERTIFICATION. MISMO PRODUCT CERTIFICATION VERIFIES THAT AN INTERFACE, DATA EXCHANGE OR API COMPLIES WITH MISMO STANDARDS WITHIN ANY MORTGAGE RELATED PRODUCT. THE CERTIFICATION RESULT IS DETERMINED BASED ON AN OBJECTIVE AND STRUCTURED ASSESSMENT OF A SOLUTION TO VERIFY DEVELOPMENT AND ADHERENCE TO MISMO STANDARDS. FOR TECHNOLOGY PROVIDERS, A MISMO CERTIFICATION PROVIDES MARKET DIFFERENTIATION AND SHOWS THE COMMITMENT TO INTEROPERABILITY WITHIN THE PRODUCTS AND SERVICES BUILT. FURTHER, THIS YEAR MISMO'S REMOTE ONLINE NOTARIZATION (RON) CERTIFICATION ENJOYED 27 RON PROVIDERS HAVE BEEN CERTIFIED MISMO COMPLIANT WITH 3 IN PROCESS. FIVE ECLOSING PROVIDERS HAVE BEEN CERTIFIED MISMO COMPLIANT WITH 4 IN PROCESS.

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

• GARY CLARK

  CHAIRMAN (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  1

• CHRIS MCENTEE

  VICE CHAIRMAN (FROM 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• JOHN HEDLUND

  CHAIRMAN (FROM 12/31/22)

  Total calculated

  $0

  Hours/week

  1

• SAGE NICHOLS

  VICE CHAIRMAN (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• MICHELE BODDA

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• JASON BRESSLER

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• JEFF BODE

  BOARD MEMBER (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• TIM ELKINS

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• JIM FOLLETTE

  BOARD MEMBER (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• MICHAEL FRATANTONI

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  1

• SUZANNE GARWOOD

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• JERRY HALBROOK

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• ARAVIND JAGANNATHAN

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• JEFF HURLEY

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• KURT JOHNSON

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• SAGE NICHOLS

  BOARD MEMBER (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• SAM OLIVER

  BOARD MEMBER (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• TERI PANSING

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• STEVE POWEL

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• ERIC RAY

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• BRIAN D SMITH

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• ERIK SCHMITT

  BOARD MEMBER (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• STEVEN SMITH

  BOARD MEMBER (UNTIL 12/31/22)

  Total calculated

  $0

  Hours/week

  0.5

• SALLY FRENCH TYLER

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• CHUCK WALKER

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• MICHAEL WOOD

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• BRIAN WOODRING

  BOARD MEMBER

  Total calculated

  $0

  Hours/week

  0.5

• MICHAEL W BRIGGS

  MISMO SECRETARY (UNTIL 05/03/23)

  Total calculated

  $433,260

  From this org

  $0

  From related orgs

  $389,428

  Other

  $43,832

  Hours/week

  1 + 34 related

  Schedule J breakdown matched by us

  Base

  $0 + $345,864 related

  Bonus

  $0 + $40,000 related

  Other

  $0 + $3,564 related

  Deferred

  $0 + $25,925 related

  Nontaxable benefits

  $0 + $17,907 related

  Filer's total

  $0 + $433,260 related

• SETH D APPLETON

  MISMO PRESIDENT (UNTIL 01/06/23)

  Total calculated

  $372,163

  From this org

  $0

  From related orgs

  $329,851

  Other

  $42,312

  Hours/week

  35

  Schedule J breakdown matched by us

  Base

  $0 + $297,811 related

  Bonus

  $0 + $31,500 related

  Other

  $0 + $540 related

  Deferred

  $0 + $25,725 related

  Nontaxable benefits

  $0 + $16,587 related

  Filer's total

  $0 + $372,163 related

• JANIS K DAVIS

  MISMO VP-INDUSTRY STANDARDS

  Total calculated

  $278,940

  From this org

  $0

  From related orgs

  $246,731

  Other

  $32,209

  Hours/week

  35

  Schedule J breakdown matched by us

  Base

  $0 + $228,038 related

  Bonus

  $0 + $16,500 related

  Other

  $0 + $2,193 related

  Deferred

  $0 + $19,489 related

  Nontaxable benefits

  $0 + $12,720 related

  Filer's total

  $0 + $278,940 related

• JONATHAN P KEARNS

  MISMO VP-PRODUCT DEVELOPMENT

  Total calculated

  $263,288

  From this org

  $0

  From related orgs

  $210,498

  Other

  $52,790

  Hours/week

  35

  Schedule J breakdown matched by us

  Base

  $0 + $196,387 related

  Bonus

  $0 + $13,442 related

  Other

  $0 + $669 related

  Deferred

  $0 + $17,820 related

  Nontaxable benefits

  $0 + $34,970 related

  Filer's total

  $0 + $263,288 related

• DAVID A COLEMAN

  MISMO PRESIDENT (FROM 03/31/23)

  Total calculated

  $0

  Hours/week

  35

• SHELLEY W REBACK

  MISMO SECRETARY (FROM 05/04/23)

  Total calculated

  $0

  Hours/week

  1 + 34 related

• HEATHER D MESSAM

  MISMO TREASURER

  Total calculated

  $244,477

  From this org

  $0

  From related orgs

  $223,126

  Other

  $21,351

  Hours/week

  1 + 34 related

  Schedule J breakdown matched by us

  Base

  $0 + $200,735 related

  Bonus

  $0 + $20,422 related

  Other

  $0 + $1,969 related

  Deferred

  $0 + $17,043 related

  Nontaxable benefits

  $0 + $4,308 related

  Filer's total

  $0 + $244,477 related

• LISA J HAYNES

  MISMO TREASURER (UNTIL 02/24/22)

  Total calculated

  $471,102

  From this org

  $0

  From related orgs

  $414,292

  Other

  $56,810

  Hours/week

  1 + 34 related

  Schedule J breakdown matched by us

  Base

  $0 + $336,373 related

  Bonus

  $0 + $55,000 related

  Other

  $0 + $22,919 related

  Deferred

  $0 + $25,925 related

  Nontaxable benefits

  $0 + $30,885 related

  Filer's total

  $0 + $471,102 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• MORTGAGE BANKERS ASSOCIATION

  501(C)(6) · REPRESENTS THE LEGISLATIVE AND REGULATORY INTERESTS OF THE FINANCE INDUSTRY · IL

• RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST

  501(C)(3) · FURTHERING RESEARCH IN THE FIELD OF MORTGAGE BANKING AND REAL ESTATE FINANCE · IL

  Directly controlled by MORTGAGE BANKERS ASSOCIATION

• MORPAC

  527 · POLITICAL ACTION COMMITTEE · DC

  Directly controlled by MORTGAGE BANKERS ASSOCIATION

• MORTGAGE ACTION ALLIANCE INCORPORATED

  501(C)(6) · SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY · DE

  Directly controlled by MORTGAGE BANKERS ASSOCIATION

• MBA OPENS DOORS FOUNDATION

  501(C)(3) · PROVIDES RENTAL/MORTGAGE ASSISTANCE TO FAMILIES W/ CRITICALLY ILL CHILDREN · DE

  Directly controlled by MORTGAGE BANKERS ASSOCIATION

Provenance

Return type

form_990

Tax year

2022

Filed

7 August 2024

IRS schema version

2022v5.0

Source object

202442219349301124

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