Walker and Dunlop hire former FHA commissioner to lead HUD loan schemes – NMP

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Walker & Dunlop, Inc. has hired Dana Wade as the company’s production manager for all Federal Housing Administration-backed loan arrangements with the US Department of Housing and Urban Development. Wade will also be responsible for helping propel the company’s affordable housing fundraising business.

Wade previously served as Commissioner of the Federal Housing Administration, which funded a total of more than 11,000 rental units and 3,000 mortgages for care facilities and hospitals in fiscal year 2020. In his role with the FHA, she was responsible for carrying out the agency’s mission. provide affordable housing to middle- and low-income households; implement enhanced risk management for FHA’s $ 1.4 trillion portfolio; and lead more than 2,400 employees.

“Walker & Dunlop is a leader in the commercial real estate finance industry, particularly in multi-family and affordable housing,” said Wade.

Prior to joining FHA, Wade was Associate Director in the Office of Management and Budget, where she led the budget oversight of six executive branch agencies with a focus on financial services, including HUD and several agencies. independent. She has also held leadership positions in Congress, including Deputy Director of Personnel for the Senate Banking, Housing and Urban Affairs Committee and Deputy Director of Personnel for the Senate Credit Committee.

“Her skills and expertise will immediately add value to the Walker & Dunlop FHA production team. Having a leader with Dana’s skills increasing our focus on affordable housing, which accounted for $ 17 billion in Walker loans. & Dunlop over the past three years will be of tremendous value to our clients and members of our team, ”said Willy Walker, President and CEO of Walker & Dunlop.

“His leadership and management skills will immediately help Walker & Dunlop maintain our position as one of the largest multi-family FHA lenders in the country, while expanding our focus on affordable home loans across all sources. capital, ”added Sheri Thompson, Executive Vice President and Group Head of FHA Finance.

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