Cenlar, a commercial bank and leading mortgage loan subservicer, today announced that Chief Operating Officer Leslie Peeler has been appointed to the MISMO Board of Directors. MISMO (Mortgage Industry Standards Maintenance Organization) has standardized how the mortgage industry communicates. Using MISMO’s standards lowers per-loan costs, increases margins, reduces errors, and accelerates the loan process.
“I’m honored to join the MISMO Board. MISMO plays a vital role in uniting experts across the industry to identify opportunities and develop innovative solutions that strengthen collaboration and drive greater efficiency throughout our ecosystem,” said COO Leslie Peeler.
MISMO serves as a primary hub where lenders, servicers, regulators, insurance and guarantee agencies, GSEs, and technology providers collaborate. Our team at Cenlar has been ongoing participants in MISMO’s workgroups and regular educational efforts. The MISMO workgroup (a Community of Practice (COP) or a Development Workgroup (DWG)) enables peers from the mortgage banking industry to participate and lend their voices directly to the standards development process. Our team has contributed to several workgroups, including the Fed Housing Servicing Agency DWG, Servicing Transfers DWG, Servicing COP and Artificial Intelligence (AI) COP.
Cenlar’s participation in the educational offerings and workgroups is a testament to our team’s commitment to creating essential standards to accelerate the industry’s digital future.
