John A. Courson, president and CEO of the Mortgage Bankers Association (MBA), has announced the appointment of Douglas Moritz as associate vice president of multifamily. “Doug is a seasoned real estate finance professional whose experience spans more than 20 years in the commercial/multifamily industry. His detailed knowledge of multifamily finance issues, both conventional and affordable, will prove invaluable to MBA as the leader in the multifamily sector and comes at a critical time when we advance FHA modernization and support a prudent government role in the secondary market for multifamily loans and a smooth transition to the new model,” said Courson. “I look forward to the many valuable contributions Doug will make on behalf of MBA, our members and this dynamic industry.”
Moritz is joining MBA from the company he founded, DOMO Consulting LLC, where he served as principal. In this role, he designed and conducted strategies for companies to develop, build or acquire rental residential property. In his new role, Moritz will join MBA’s commercial/multifamily team to coordinate policy positions on multifamily issues and oversee most multifamily activities of MBA including interaction with members and representation before HUD, Fannie Mae, Freddie Mac and other groups affecting multifamily housing.
Previously, Moritz was managing director for Prudential Mortgage Capital Corporation where he was responsible for the strategy, analyses and procedures, and investment committee decisions on PMCC’s Fannie Mae multifamily loan assets. Prior to this, he was the CEO of WMF Washington Mortgage/The WMF Group where he oversaw the income statement and balance sheet, underwriting and closing, new product development and pricing for the Company’s multifamily assets. Moritz also was involved in MBA’s educational efforts and was a frequent speaker at its conferences. He received a B.A. degree in Sociology from Colgate University. He will report to MBA’s Interim Commercial/Multifamily Manager, Gail Cardwell.
For more information, visit www.mortgagebankers.org.