The Mortgage Bankers Association (MBA) and Reston, VA-based MERSCORP announced on February 4 that the two organizations have entered into a management agreement under which MERSCORP will be responsible for managing the day-to-day operations of the Mortgage Industry Standards Maintenance Organization Inc (MISMO). Under the management agreement, MBA retains full control of MISMO and will maintain a permanent seat on the MISMO board of directors, according to John A. Courson, MBA's president and CEO.
MERSCORP to manage MISMO operations Anonymous Mortgage Banking; Mar 2009; 69, 6; Docstoc pg. 86 Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.
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