MISMO, the real estate finance industry’s standards organization, has appointed Jan Davis, vice president of operations, to serve as acting president, following the departure of Seth Appleton, who will join U.S. Mortgage Insurers (USMI) as president in early 2023.
“Seth has been an exemplary leader of MISMO, successfully guiding the organization in developing new standards that improve efficiency, reduce costs, and accelerate the mortgage industry’s digital transformation,” says Bob Broeksmit, the Mortgage Bankers Association’s president and CEO. “MISMO’s momentum will continue unabated during the active search for its next president.”
Davis has served as MISMO’s vice president of operations for more than 10 years. Prior to that, she spent two decades at Fannie Mae, where she served as a director in Single Family Loan Operations and Enterprise System Operations. MBA will begin the process immediately to name a new permanent president of MISMO.