24 Hour Local Real Estate News

Greystone Adds Chief Underwriter of FHA

Scott_Thurman A 25-year FHA industry veteran, Thurman most recently served as chief underwriter at ACRE Capital.

NEW YORK CITY—Greystone has brought on Scott Thurman as senior managing director and chief underwriter within the FHA lending team.

A 25-year FHA industry veteran, he most recently served as senior managing director and chief underwriter at ACRE Capital. Prior to ACRE, Thurman was deputy and chief underwriter at CWCapital, which was acquired by Walker & Dunlop in 2012.  He has overseen the underwriting of over $2 billion in FHA-insured loans in those roles and was part of the original FHA-Lender team that re-invented FHA’s approach to financing residential care facilities.

Thurman began his career at the US Dept. of Housing & Urban Development, where he served as multifamily housing representative and information specialist. During nearly a decade in this role, Thurman reportedly was instrumental in developing HUD’s first streamlined processing for refinancing apartments. He also was part of a national re-engineering team that helped lay the groundwork for the MAP program.

At Greystone, Thurman will focus on multifamily, affordable and healthcare property transactions as well as various strategic initiatives to further streamline the FHA underwriting process for clients.

“Scott is one of a rare breed of individuals in the multifamily/healthcare space who are equally adept at finding creative underwriting solutions for a challenging transaction or designing big picture strategies to meet the needs of our clients in an ever-changing industry,” says Mordecai Rosenberg, head of Greystone’s FHA lending business. “With his deep industry and management experience, as well as his passion for serving customers and colleagues, Scott will play a key role in furthering Greystone’s mission to become the easiest lender in the country to work with, and the easiest lender in the country to work for.”

 

Copyright 2017. ALM Media Properties, LLC. All rights reserved.