Long-time business government Brian Vieaux would be the latest president of the Mortgage Industry Standards Maintenance Organization beginning on Oct. 1.
Vieaux is presently president and chief working officer of Finlocker, the place he has been with the corporate since July 2019. Previous roles within the lending facet of the enterprise embody stints at Flagstar Bank, Towne Mortgage, IndyMac Bank, CitiMortgage and Source One Mortgage.
MISMO is an affiliate of the Mortgage Bankers Association and management of the group will put Vieaux able central to the coordination of business information requirements.
MBA President and CEO Bob Broeksmit stated in a press launch that Vieaux’s government roles within the business and a demonstrated capability to forge consensus inside it made him a superb match for the management place at the requirements group.
“I’m assured his ardour for the business and recent concepts will drive innovation, enhance stakeholder participation, and proceed to advance MISMO business requirements that profit shoppers, lenders, and servicers,” Broeksmit stated.
Richard Hill has been appearing president of MISMO since September 2024 when David Coleman left the group. Coleman succeeded Seth Appleton in March 2023.
Appleton left the position in January 2023 to head up the U.S. Mortgage Insurers.
“MISMO performs a important position in supporting the complete mortgage ecosystem, and we glance ahead to collaborating with Brian as he guides MISMO into its subsequent chapter of progress,” the group’s chair, Sage Nichols, stated.
As a results of Vieaux’ departure Finlocker will likely be selling Chris Hazen to chief income officer and Ethan Vieaux to vice president, buyer success, the corporate stated in a LinkedIn posting.
Last week, MISMO revealed the beforehand introduced replace to its Consumer-Facing Charge and Fee Naming Guide.
The information provides 40 new charges to MISMO requirements and “permits lenders to successfully assist evolving mortgage origination practices, notably within the increasing e-mortgage sector” Hill stated in a press launch.
