2014-08-11T13:21:23-05:00 2013-09-30 521855942 TATE AND TRYON 2021 L STREET NW SUITE 400 WASHINGTON DC 20036 990 2012-10-01 510502943 MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION INC MORT 2025572700 1919 M STREET NW NO 5TH FL WASHINGTON DC 20036 RICHARD HILL 2025572700 2014-08-11 1 DEBORAH G KOSNETT P00290720 2022932200 2014-08-11 2012 2015-11-30 17:44:51Z X RICHARD HILL 1919 M STREET NW NO 5TH FL WASHINGTON DC 20036 510379 0 X WWW.MISMO.ORG X 2004 DE MISMO WAS CREATED TO PROMOTE AND SUPPORT THE COMMON BUSINESS INTERESTS OF THE COMMERCIAL AND RESIDENTIAL MORTGAGE MARKETS. ITS MISSION IS TO BENEFIT INDUSTRY PARTICIPANTS AND CONSUMERS OF MORTGAGE AND INVESTMENT PRODUCTS AND SERVICES BY:-FOSTERING AN OPEN PROCESS TO DEVELOP, PROMOTE, AND MAINTAIN VOLUNTARY ELECTRONIC COMMERCE PROCEDURES AND STANDARDS FOR THE MORTGAGE INDUSTRY, AND-ENABLING MORTGAGE LENDERS, INVESTORS, SERVICERS, VENDORS, BORROWERS, AND OTHER PARTIES TO EXCHANGE REAL ESTATE FINANCE RELATED INFORMATION AND EMORTGAGES MORE SECURELY, EFFICIENTLY AND ECONOMICALLY. 8 7 0 374 0 0 0 0 383330 510379 0 0 0 0 383330 510379 0 0 0 0 0 0 0 0 0 380330 492796 380330 492796 3000 17583 372312 455072 177866 243043 194446 212029 X MISMO IS THE LEADING TECHNOLOGY STANDARDS DEVELOPMENT BODY FOR THE RESIDENTIAL AND COMMERCIAL REAL ESTATE FINANCE INDUSTRIES. THE MISMO STANDARDS ARE GROUNDED IN AN OPEN PROCESS TO DEVELOP, PROMOTE AND MAINTAIN VOLUNTARY ELECTRONIC COMMERCE PROCEDURES AND STANDARDS THAT ALLOW MORTGAGE LENDERS, INVESTORS IN REAL ESTATE AND MORTGAGES, SERVICERS, INDUSTRY VENDORS, BORROWERS AND OTHER PARTIES TO EXCHANGE REAL ESTATE FINANCE-RELATED INFORMATION AND EMORTGAGES MORE SECURELY, EFFICIENTLY AND ECONOMICALLY.AN ALL-VOLUNTEER ORGANIZATION, MISMO PROMOTES DATA CONSISTENCY AMONG TRANSACTION PARTICIPANTS, REDUCES PROCESSING COSTS, INCREASES TRANSPARENCY, AND BOOSTS INVESTOR CONFIDENCE IN MORTGAGES AND REAL ESTATE AS ASSET CLASSES WHILE PERMITTING COST SAVINGS TO BE PASSED ON TO BORROWERS AND OTHER CUSTOMERS. MISMO WAS CREATED TO PROMOTE AND SUPPORT THE COMMON BUSINESS INTERESTS OF THE COMMERCIAL AND RESIDENTIAL MORTGAGE MARKETS. 0 0 STANDARDS DEVELOPMENTTHE MORTGAGE INDUSTRY STANDARDS MAINTENANCE ORGANIZATION (MISMO) WAS STARTED IN 1999 BY THE MORTGAGE BANKERS ASSOCIATION (MBA) TO PROMOTE, COORDINATE, AND FACILITATE THE MORTGAGE INDUSTRY'S EFFORTS TO CREATE STANDARDIZED ELECTRONIC REAL ESTATE FINANCE TRANSACTIONS. MISMO BECAME A NOT-FOR-PROFIT SUBSIDIARY OF MBA IN 2004. MISMO SUBSCRIBERS PAY ANNUAL DUES ON A ROLLING CALENDAR YEAR. MORTGAGE BANKERS, LENDERS, SERVICERS, VENDORS, AND SERVICE PROVIDERS DEVELOP AND USE MISMO STANDARDS. THESE STANDARDS PROMOTE DATA QUALITY AND CONSISTENCY THROUGHOUT THE INDUSTRY. THEY REDUCE COSTS, INCREASE TRANSPARENCY, AND BOOST INVESTOR CONFIDENCE IN MORTGAGES AS AN ASSET CLASS. MISMO'S ACHIEVEMENTS DURING THE 2012-2013 FISCAL YEAR FOCUSED ON CONTINUITY OF OPERATIONS AND STABLE SUPPORT OF SYSTEMS INFRASTRUCTURE AND SUPPORT FOR SIGNIFICANT TECHNICAL STANDARDS DEVELOPMENT ACTIVITY. THE CORE FUNCTION OF MISMO IS THE DEVELOPMENT OF STANDARDS BY ITS WORKGROUPS (WG). EACH WG IS STAFFED BY INDUSTRY VOLUNTEERS THAT FOCUS ON SPECIFIC PROCESS AREAS, AND STANDARDS ACTIVITY IS CONDUCTED ACCORDING TO A RIGOROUSLY ENFORCED SET OF POLICIES AND PROCEDURES, IN ACCORDANCE WITH THE MISMO INTELLECTUAL PROPERTY RIGHTS (IPR) AND ANTITRUST POLICIES. VOLUNTEERS HELP CHAIR WORKGROUPS, WRITE MINUTES, AUTHOR TECHNICAL DOCUMENTATION, REPRESENT THE ORGANIZATION AT TRADE SHOWS, AND ATTEND MEETINGS AND CONFERENCE CALL TO CONTRIBUTE THEIR EXPERTISE TOWARD CREATING STANDARDS FOR ELECTRONIC COMMERCE. ACCOMPLISHMENTS IN THE DEVELOPMENT OF MISMO STANDARDS LAST YEAR ARE AS FOLLOWS: -- MISMO ELEVATED VERSIONS 3.0 AND 3.1 OF THE REFERENCE MODEL TO RECOMMENDATION STATUS. RECOMMENDATION STATUS IS THE HIGHEST POSSIBLE MATURITY LEVEL FOR A MISMO STANDARD. -- MISMO EXPERIENCED SIGNIFICANT TRACTION WITH RESPECT TO ADOPTION OF THE MISMO STANDARDS. MISMO WAS USED BY FANNIE MAE AND FREDDIE MAC TO COMPLY WITH THE REQUIREMENTS OF THE FHFA-MANDATED UNIFORM MORTGAGE DELIVERY PROGRAM (UMDP). MISMO WAS USED IN THE RE-WRITE OF THE FHA TOTAL SCORECARD. -- THE MISMO BOARD OF DIRECTORS ENHANCED THE ORGANIZATIONAL STRUCTURE BY ESTABLISHING THREE NEW COMMITTEES: STRATEGIC PLANNING; EDUCATION; AND MEMBERSHIP AND REVENUE. 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 X 8 7 0 1 1 0 1 1 1 1 1 0 0 1 1 1 0 1 1 0 0 0 X HEATHER MESSAM 2025572717 1919 M STREET NW NO 5TH FL WASHINGTON DC 20036 STEPHEN GOZDAN 1.00 0.00 X X 0 0 0 WILLIAM SHULER 0.50 0.00 X 0 0 0 TOM FINK 0.50 0.00 X 0 0 0 JOANNE DENVER 0.50 0.00 X 0 0 0 GABE MINTON 0.50 0.00 X 0 0 0 LINGLONG HE 0.50 0.00 X 0 0 0 JOSH WEINBURG 0.50 0.00 X 0 0 0 EDDY WETSEL 0.50 0.00 X 0 0 0 MICHAEL C FRATANTONI 1.00 34.00 X X 0 210889 0 DAVID H STEVENS 1.00 34.00 X 0 1319821 18871 PHYLLIS K SLESINGER 1.00 34.00 X 0 306773 23255 ANGELA LAZEAR 1.00 34.00 X 0 265460 27871 MARGARET COLON 1.00 34.00 X 0 0 0 RICHARD HILL 2.00 33.00 X 0 182977 0 JANIS DAVIS 35.00 0.00 X 0 66171 0 JOHN A COURSON 1.00 34.00 X 0 312500 0 CYNTHIA BOJOKLES 35.00 0.00 X 0 67039 0 0 2731630 69997 0 1 1 0 MORTGAGE BANKERS ASSOCIATION 1717 RHODE ISLAND AVE NW SUITE 40 WASHINGTON DC 20036 MANAGEMENT SERVICES 318000 1 MEMBERSHIP DUES 900099 293444 293444 REGISTRATION FEES 900099 125814 125814 SPONSORSHIPS 900099 91121 91121 510379 510379 419258 0 91121 318000 861 1575 61184 20977 14559 63637 CREDIT CARD FEES 10972 MEALS 578 MISCELLANEOUS 428 TAXES 25 492796 369215 407186 3097 10000 0 37886 372312 455072 45461 53584 123903 189459 8502 0 177866 243043 X 194446 212029 194446 212029 372312 455072 17583 0 X X 0 1 X 1 0 0 1 0 0 INTERCOMPANY RECEIVABLE 37886 37886 X 510379 0 510379 0 510379 492796 0 492796 0 492796 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE ASSOCIATION BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR INCOME TAX POSITIONS TAKEN. THEREFORE, MANAGEMENT HAS NOT IDENTIFIED ANY UNCERTAIN INCOME TAX POSITIONS. THE FISCAL YEARS 2010 THROUGH 2013 REMAIN OPEN FOR EXAMINATION BY TAXING AUTHORITIES. 0 0 0 MICHAEL C FRATANTONI 0 210889 0 0 0 0 0 0 0 0 0 210889 0 0 DAVID H STEVENS 0 993316 0 301000 0 25505 0 7500 0 17557 0 1344878 0 0 PHYLLIS K SLESINGER 0 276658 0 26000 0 4115 0 15000 0 11560 0 333333 0 0 ANGELA LAZEAR 0 261816 0 1000 0 2644 0 15000 0 17377 0 297837 0 0 RICHARD HILL 0 182977 0 0 0 0 0 0 0 0 0 182977 0 0 JOHN A COURSON 0 0 0 0 0 312500 0 0 0 0 0 312500 0 0 FORM 990, PART VI, SECTION A, LINE 3 MISMO HAS CONTRACTED WITH THE MORTGAGE BANKERS ASSOCIATION, A RELATED SECTION 501(C)(6) ORGANIZATION, FOR MANAGEMENT SERVICES. FORM 990, PART VI, SECTION A, LINE 4 CHANGES WERE MADE TO THE MISMO BYLAWS TO PERMIT MISMO TO ADDRESS INDUSTRY STANDARDS BEYOND ELECTRONIC COMMERCE; INCREASE THE SIZE OF THE BOARD OF DIRECTORS; TO PERMIT A NON-MBA MEMBER TO SERVE ON THE MISMO BOARD OF DIRECTORS; AND TO REQUIRE THAT GOVERNANCE COMMITTEE MEMBERS BE MISMO SUBSCRIBERS BUT ALLOW FOR EXCEPTION, IF REQUIRED. FORM 990, PART VI, SECTION A, LINE 6 THE SOLE MEMBER OF MISMO IS THE MORTGAGE BANKERS ASSOCIATION, A RELATED IRC SECTION 501(C)(6) ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE MISMO BOARD OF DIRECTORS ARE ELECTED BY THE MORTGAGE BANKERS ASSOCIATION (MBA), A RELATED IRC SECTION 501(C)(6) ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 7B MORTGAGE BANKERS ASSOCIATION, AS THE SOLE MEMBER OF MISMO, APPROVES ALL BYLAWS CHANGES. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE EXECUTIVE VICE PRESIDENT AND THE CHIEF ADMINISTRATIVE OFFICER (CAO), AND THE BOARD IS PROVIDED A COPY BEFORE IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE NOT GENERALLY MADE AVAILABLE TO THE GENERAL PUBLIC, BUT IF REQUESTS FOR COPIES OF THESE DOCUMENTS WERE TO BE RECEIVED, THE ORGANIZATION WOULD CONSIDER MAKING THEM AVAILABLE TO THE REQUESTOR. FORM 990, PART VI, LINES 13 AND 14 THE WHISTLE-BLOWING AND DOCUMENT RETENTION POLICIES OF THE MORTGAGE BANKERS ASSOCIATION ARE DEEMED TO APPLY TO MISMO. FORM 990, PART XI, LINE 2C THE AUDIT OVERSIGHT PROCESS HAS REMAINED UNCHANGED FROM THE PRIOR YEAR. MORTGAGE BANKERS ASSOCIATION 1919 M STREET NW 5TH FL WASHINGTON DC 20036 361505650 REPRESENT THE LEGISLATIVE AND REGULATORY INTERESTS OF THE FINANCE INDUSTRY IL 501(C)(6) 0 RESEARCH INSTITUTE FOR HOUSING AMERICA TRUST FUND 1919 M STREET NW 5TH FL WASHINGTON DC 20036 366109824 FURTHERING RESEARCH IN THE FIELD OF MORTGAGE BANKING AND REAL ESTATE FINANCE IL 501(C)(3) 509(A)(3) MORTGAGE BANKERS ASSOCIATION 0 MORPAC 1919 M STREET NW 5TH FL WASHINGTON DC 20036 526144335 POLITICAL ACTION COMMITTEE DC 527 MORTGAGE BANKERS ASSOCIATION 0 MORTGAGE ACTION ALLIANCE INCORPORATED 1919 M STREET NW 5TH FL WASHINGTON DC 20036 271893100 SUPPORT COMMON BUSINESS INTERESTS OF REAL ESTATE FINANCE INDUSTRY DE 501(C)(6) MORTGAGE BANKERS ASSOCIATION 0 MBA OPENS DOORS FOUNDATION 1919 M STREET NW 5TH FL WASHINGTON DC 20036 320355086 SPONSORS PHILANTHROPIC ACTIVITIES FOCUSED ON HOME OWNERSHIP DE 501(C)(3) 509(A)(1) MORTGAGE BANKERS ASSOCIATION 0 LENDER TECHNOLOGIES CORPORATION 1919 M STREET NW 5TH FL WASHINGTON DC 20036 522233464 ENABLES VALUE-ADDED TECHNOLOGY AND INFORMATION PRODUCTS DC N/A C 0 SISAC INCORPORATED 1919 M STREET NW 5TH FL WASHINGTON DC 20036 522413168 OPEN ACCESS AND STANDARDS IN REAL ESTATE FINANCE DE N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 MORTGAGE BANKERS ASSOCIATION M 318000 ACTUAL EXPENDITURES MORTGAGE BANKERS ASSOCIATION P 60163 CONTRACTUAL FEE MORTGAGE BANKERS ASSOCIATION S 283066 REIMB FOR CREDIT CARD FEES REC'D