MBA Elects Michael D. Berman as Vice Chairman
- Oct 21, 2008
San Francisco–Michael D. Berman, CMB, president of CWCapital of Needham, Mass, has been elected as the vice chairman of the Mortgage Bankers Association (MBA) during the association’s 95th Annual Convention & Expo in San Francisco. Berman is a founder and principal of CW Financial Services and serves on its Board and as the company’s chief operating officer. In that capacity, he provides strategic input into the company’s vertical integration businesses, including multifamily/commercial lending and servicing, investment in high-yield commercial mortgage backed securities, CMBS special servicing, and mezzanine investment funds. Berman is also the president of CWCapital, the company’s multifamily/ commercial lending and servicing subsidiary. In this capacity, he is responsible for supervising all loan production, underwriting, closing and servicing activities, as well as the management of approximately 150 employees in 11 offices nationwide. Berman has been in the mortgage finance industry since 1985, when he served as executive vice president, co-director of originations and a member of the Investment Committee for Continental Wingate Capital Corp and the KP/Wingate Mortgage Funds.Berman currently serves on MBA’s Board of Directors and the National MultiHousing Council Board of Directors. In 2007, he also served on MBA’s Commercial/Multifamily Board of Governors (COMBOG) and the Audit Committee, while chairing MBA’s Strategic Planning Committee, and serving on the Fannie Mae DUS Advisory Council. He also served on MBA’s Council to Shape Change in 2006. In addition to Berman, MBA elected David G. Kittle, CMB, executive vice president of Vision Mortgage Capital, as chairman of MBA and Robert E. Story, Jr., president of Seattle Financial Group, as chairman-elect of MBA. All three officers will serve for the 2008-2009 fiscal year.