New Board Chairman Named to MISMO

Phil Hall

Feb 18, 2019

Kurt Pfotenhauer, Vice Chairman at First American Financial Corporation, has been appointed board chairman of MISMO, the mortgage industry’s standards organization.

Pfotenhauer has more than a quarter-century experience in the financial services and the political and nonprofit sectors. He previously served as CEO of the American Land Title Association, Senior Vice President of Government Affairs for the MBA and Chairman of MERSCORP, which owns and operates the MERS system.

In addition to Pfotenhauer, MISMO named six new board members:

►Prabhakar Bhogaraju, Vice President, Digital Shared Services, Single Family Business, Fannie Mae;
►Eric Kaplan, Director of the Housing Finance Program, Milken Institute;
►Christopher McEntee, President ICE Mortgage Services;
►Sam Oliver, Vice President Loan Advisor Suite, Freddie Mac;
►Steven Smith, Co-founder and CEO, Finicity; and Kevin VanHowe, Chief Data Officer, Quicken Loans.

“At a time of increasing importance for MISMO’s mission, we are delighted to welcome such accomplished and forward-thinking mortgage experts to the MISMO board,” said Mike Fratantoni, President of MISMO, and Senior Vice President and Chief Economist of the Mortgage Bankers Association. “As MISMO continues to help mortgage lenders solve their most difficult challenges, I am confident that our new board members will provide key insights in setting priorities for the years ahead.”

Link copied

Published

Feb 18, 2019

Analysis and Data

The Kids Want To Be Homeowners

Nearly all teens (97%) surveyed thought it would be helpful if schools offered lessons that explained homeownership.

The importance of homeownership comes from financial knowledge; it’s what turns renters into homeowners and, potentially, homeowners into real estate investors. Most people in the industry would assume that Gen Z and the younger generations don’t understand the value of hom...

Regulation and Compliance

R.I. Mortgage Broker Pleads Guilty To $6M Ponzi Scheme

Decade-long scheme was used to finance a lavish lifestyle.

A Rhode Island mortgage broker has pleaded guilty for his decade-long Ponzi scheme that cost investors $6 million. He will be sentenced in December and faces a maximum penalty of 20 years in prison for committing wire fraud, and five years in prison for committing tax evasi...