Arbor Appoints Joseph Donovan to Lead Expanded HUD/FHA Lending Group
- Apr 19, 2012
Uniondale, N.Y.—Arbor Commercial Mortgage LLC, a national, direct commercial real estate lender, today the appointment of Joseph Donovan to senior vice president, director of FHA lending, in Arbor’s Boston office. Donovan will now oversee the expansion of Arbor’s targeted FHA Multifamily Lending business, which is strategically positioned to increase its origination volume through a dedicated commitment of financial and staffing resources in order to better serve multifamily borrowers. Donovan reports to John Caulfield, CEO.
Donovan’s specific scope of responsibilities includes oversight of the day-to-day operations of Arbor’s FHA loan production group, the expansion of Arbor’s FHA lending platform and the development of Arbor’s FHA origination and underwriting teams on a regional basis. As an approved FHA Multifamily Accelerated Processing Lender, Arbor’s FHA group provides borrowers access to all FHA-insured Multifamily and Healthcare loan programs on an expedited basis. Arbor also provides Bridge loans that are underwritten to a permanent FHA loan take out.
Donovan previously held the title of senior vice president, production management. In that role, he was responsible for overseeing the day-to-day operations of Arbor’s Fannie Mae, FHA/Ginnie Mae and commercial mortgage-backed securities production unit. In addition, Donovan managed Arbor’s initial evaluation, screening and analysis of all loan opportunities under the company’s agency product lines.
Donovan has 22 years of experience in the real estate finance industry. Since joining Arbor in 1993, he has held various underwriting and production management positions. Prior to Arbor, Donovan worked for the Federal Deposit Insurance Corporation and Commonwealth Mortgage Company.