To load SRTM data in MapInfo and create a DEM from it, you need two things: (1) Vertical Mapper (an extension to MapInfo) (2) SRTM of ASCII format.
The Vertical Mapper has a tool to import external formats, but it has limited number of formats that can be imported into MapInfo, but luckily ASCII format is one of them. If the SRTM that you have is not in ASCII format, you need to download it again. You can download SRTM of ASCII format from cgiar.org and there is an option to download the data in ArcInfo ASCII which Vertical Mapper can read and import. You can refer to Vertical Mapper PDF manual on how to import ASCII format and convert it into MapInfo format.