Kurt Johnson, Executive Vice President and Chief Risk and Compliance Officer at Mr. Cooper, has joined the MISMO Board of Directors.
In his role at Mr. Cooper, Johnson runs the company’s risk management framework, which includes oversight of operational, regulatory, reputational, market, liquidity, and cybersecurity risks. In joining the MISMO Board of Directors, he will help advise MISMO on its work to develop and deploy essential standards and innovative resources that solve the industry’s highest priority business challenges.
“We are thrilled to welcome Kurt to the MISMO Board and to benefit from his expertise in helping us set our strategic direction,” said Seth Appleton, President MISMO. “Kurt’s industry acumen melds well with the impressive array of talent and knowledge on the MISMO Board, which includes C-suite executives from across the industry, and will contribute to our work leading crucial initiatives aimed at solving business challenges through standardization.”
MISMO Board members represent a cross-section of the residential and commercial real estate finance industry. Board members are responsible for overseeing MISMO’s standards activities and serve two-year terms. MISMO committee chairs serve as ex-officio representatives on the MISMO Board.
“I am honored and excited to join the MISMO Board and be part of an industry effort to drive technological standards and advancements,” said Johnson. “Our goal at Mr. Cooper is to provide customers with a personalized and friction-free home loan experience, which is very much aligned to the work MISMO is doing to bring more standardization to the mortgage industry.”
The MISMO Board is chaired by Gary Clark, Chief Operating Officer, Sierra Pacific Mortgage. Christopher McEntee, Vice President, ICE Mortgage Technology, serves as Vice Chair. A full list of the 2022 MISMO Board can be found here.
MISMO collaborates across the industry to create essential standards that expedite the exchange of information, accelerate the industry’s move to a fully digital mortgage process, and establish best practices to address key business challenges. MISMO initiatives include: creating a central source of information on e-eligibility; enhancing data exchange for participants in the private label securities (PLS) market; reducing friction associated with servicing transfers; providing eMortgage technology certifications; helping the industry navigate environmental, social, and corporate governance (ESG) disclosures; and more.
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