MISMO Unveils New Certification Program

CONTACT
Rob Van Raaphorst
rvanraaphorst@mba.org
(202) 557- 2799

WASHINGTON, D.C. (May 12, 2015) - MISMO® is proud to announce the launch of a new certification program, the Certified MISMO Standards Professional (CMSP®).  The certification is a mark of excellence available only to those individuals who have demonstrated superior skills and knowledge in the MISMO standards.

The CMSP was created in direct response to industry demands for skilled MISMO practitioners.  The CMSP designation, along with the extensive supporting educational curriculum, ensures that individuals have the requisite ability to support, design and implement MISMO-based projects. The CMSP designation is the only MISMO certification program available for individuals within the mortgage industry.

"The certification program will be valuable to the mortgage industry because companies leveraging Certified MISMO Standards Professionals will find it easier to comply with regulatory and counterparty requirements," said MISMO President Mike Fratantoni.  "Government and other large organizations have seen the benefit of using MISMO standards across their business processes and in communicating between organizations.  The CMSP program is designed to develop and recognize individuals who are able to effectively apply MISMO standards to support their organization's business and technology requirements."

"I have learned more about the mortgage industry through my affiliation and participation with MISMO than any other endeavor I have participated in," said Kyle Bensen, Business Manager at MGIC and former chairman of the MISMO Education Committee.  "Individuals who find themselves working on integrations, data normalization, or other MISMO-based projects would be well served by meeting the certification requirements.  They will be stronger technical contributors to current and future data-driven and MISMO-driven projects.  Business SMEs, such as business analysts and operations managers, are ideal CMSP candidates because they will learn how their business knowledge can be articulated within the MISMO framework." 

The Certified MISMO Standards Professional (CMSP) program is a points based program.  Candidates accrue points by successfully completing MISMO education programs as well as by participating in MISMO workgroups, Summits and other activities.  Candidates must also successfully complete a comprehensive exam in order to be certified.  More information, including detailed requirements for certification, are available on www.mismo.org or by contacting MISMO at info@mismo.org.   

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MISMO®, the Mortgage Industry Standards Maintenance Organization, is the voluntary standards development body for the mortgage industry. Voluntary use of MISMO standards reduces processing costs, increases transparency and boosts investor confidence in mortgages as an asset class, while creating cost savings for the consumer. For more information, visit www.mismo.org.