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eLynx has announced that the Mortgage Bankers Association has appointed its president and CEO Sharon Matthews to the board of directors of the Mortgage Industry Standards Maintenance Organization (MISMO). MISMO is the technology standards body for the residential and commercial real estate finance industry. MISMO develops, promotes and maintains voluntary electronic commerce procedures and standards that allow participants in the mortgage process to exchange real estate finance-related information and electronic mortgages more securely, efficiently and economically.
eLynx advocates strongly for the adoption of industry standards and is the only vendor certified as MISMO compliant in the TRID domain and at the Premiere Level in the information exchange domain. eLynx also fully supports other complementary industry standards such as the government sponsored enterprises’ Uniform Loan Delivery Dataset and the Uniform Closing Dataset.
“I am delighted to be joining the MISMO board,” said Matthews. “It will be an honor to work with such a highly-regarded and influential group of leaders and visionaries. I look forward to helping in the evolution and growth of MISMO standards for our industry.”
"eLynx has been a strong champion of mortgage technology standards and has demonstrated its support through early adoption of and certification of MISMO standards," said Mike Fratantoni, the MBA's chief economist and senior vice president of research and industry technology and MISMO president. "I could not be happier to be welcoming Sharon to the MISMO board."