The Residential Standards Governance Committee of the Mortgage Industry Standards Maintenance Organization (MISMO) has elected Randy Gilster to Chairman of the Committee. Randy will fill the remainder of the term left unfilled by the departure of Harry Gardner, who was appointed to the Board of Directors of MISMO.
“I’m honored to assume these responsibilities at a time of great transition within the mortgage industry,” said Gilster. “MISMO is an incredible asset to the industry and ultimately to the consumers of mortgage credit. As the industry works towards compliance with new regulations and initiatives, MISMO will be an integral part of the solution. We will continue to build on the incredible efforts of those who have contributed to the MISMO standards over the last decade.”
Gilster is Senior Vice President of Business Capability Development at Wells Fargo Home Mortgage. Gilster is a 20 year veteran in financial services, having held executive roles in business and technology operations managing origination, servicing and default solutions. At Wells Fargo, Gilster is currently responsible for overseeing content management across the loan lifecycle as well as strategy and financial reform assessments.
“On behalf of MISMO, I would like to congratulate Randy on his election to chair of the Committee,” said MISMO Executive Vice President, Richard Hill. “We look forward to working with Randy to continue evolving the standards to meet the needs of the mortgage industry.”