A new SVP has joined ""Walker & Dunlop, Inc."":http://www.walkerdunlop.com/, with the recent announcement that Douglas Taylor would take over the role for the company's multifamily finance division. In his new position, Taylor will head up multifamily originations from Walker & Dunlop's Irvine, California, office.[IMAGE]
As an SVP, Taylor will focus exclusively on those multifamily loans originated utilizing Fannie Mae, Freddie Mac, and financing from HUD. Taylor was most recently a director and senior loan officer for ""Deutsche Bank Berkshire Mortgage, Inc."":http://www.cre.db.com/about-cre/real-estate-lending-agency-multifamily, where his responsibilities included initiating multifamily and commercial loans across the country.[COLUMN_BREAK]
During his 20-plus years as an originator, Taylor has sold an estimated $2.5 billion in mortgage loans for multifamily and commercial properties, and Wallker & Dunlop will use his vast experience to grow the company's business within the Los Angeles area.
Thanks to the recent nationwide growth in the multifamily real estate market, Taylor joins Walker & Dunlop during a spree of success within the segment, and the company's preferred lender status with the GSEs should allow Taylor to make the most of his SVP role.
Howard Smith, Walker & Dunlop's executive vice president and chief operating officer, said of Taylor, ""We are extremely pleased to have Doug on our team. Doug's exceptional industry reputation is exemplified by ├â┬ó├óÔÇÜ┬¼├é┬ª being the number one originator of multifamily loans at his previous employer.""
Via its subsidiary, Walker & Dunlop, LLC, Walker & Dunlop, Inc., offers commercial real estate financial services around the U.S., targeting the multifamily lending sector, and Walker & Dunlop's recent second quarter numbers showed $1.3 billion in total originations, representing the best quarterly results in company history.