The Mortgage Bankers Association (MBA), parent organization of the Mortgage Industry Standards Maintenance Organization (MISMO), appointed Peter Carroll to the MISMO board of directors.
Carroll is senior vice president of capital markets Wells Fargo & Co. where he provides leadership and expertise responding to changes in the Asset Sales environment including Government-Sponsored Enterprise reform and public policy and regulatory changes in the secondary market.
“Peter has experience with many aspects of the mortgage industry, including working at a lender, software vendor and regulator,” said MISMO President and MBA Chief Economist and Senior Vice President of Research and Industry Technology Michael Fratantoni. “MISMO looks forward to Peter’s contributions.”
Prior to Wells Fargo, Carroll was assistant director of the Office of Mortgage Markets with the Consumer Financial Protection Bureau (CFPB), where he led a team responsible for monitoring and analyzing markets for mortgage related products and services as well as assessing the impact of mortgage rulemaking on providers, consumers, and other stakeholders.
Prior to joining the CFPB, he was co-founder of Overture Technologies, a provider of credit risk management services and Internet-based marketplaces that assist consumers to easily shop for and secure lending products. He has also worked for the management consulting firms Price Waterhouse LLP and KPMG Peat Marwick LLP.
Carroll joins the following members of the MISMO Board of Directors: Steve Gozdan, chief financial officer of Cenlar FSB; Tom Fink, senior vice president and managing director of Trepp LLC; Joanne Denver; managing director of Cornerstone Real Estate Advisers LLC; Gabe Minton, senior vice president and chief technology officer of PHH Mortgage; Linglong He, chief information officer of Quicken Loans Inc.; Joshua Weinburg, senior vice president for Compliance with First Choice Loan Services Inc.; Eddy Wetsel, director of operations for Real Estate Lending at USAA Federal Savings Bank; Harry Gardner, vice president of Ellie Mae, and Fratantoni.
The MISMO Board of Directors represents a cross-section of the real estate finance industry that manages and directs MISMO’s business and affairs. The MISMO board consists of representatives from the residential and commercial mortgage industry that serve for staggered two-year terms. MBA, as parent corporation of MISMO, retains a permanent seat on the MISMO Board of Directors.