The Mortgage Bankers Association (MBA) has presented its Annual Burton C. Wood Legislative Service Award to Michael Berman, CMB, founder and member of the board of managers of CW Financial Services (CW), and president and CEO of CWCapital. The award was presented at MBA's 2012 National Policy Conference in Washington, DC.
The award is given annually to an MBA member employee in recognition of his or her sustained superior service to the association and the real-estate finance industry as a whole. Berman is a Certified Mortgage Banker (CMB), the immediate past MBA chairman and a member of MBA's board of directors, as well as MBA's Commercial Board of Governors. Berman, whose mortgage banking career has spanned more than 15 years, also serves as Chair of the MBA task force "The Council on Ensuring Mortgage Liquidity."
"We all owe Michael a debt of gratitude," said MBA President and CEO David H. Stevens, "for his instrumental role in placing MBA at the center of the most important debate that will impact the future of mortgage lending in this country. Under Michael's leadership, MBA's Council on Ensuring Mortgage Liquidity, created a proposal which was nearly identical to plan the Administration later supported as one of three options in last year's White Paper on Reforming America's Housing Market. This is due in no small part to Michael's hard work."
The award is named after the late MBA Legislative Counsel Burton C. Wood, who devoted more than 30 years of service to MBA's advocacy efforts, and passed away in 2010. Wood was the first recipient of the award in 1990, and his lobbying skills gained the respect and attention of both Republicans and Democrats alike.
CW Financial Services is a commercial real estate finance and investment management company focused on multifamily and healthcare lending, primary servicing, special servicing, investment management, and research and consulting services. CW is operated through four subsidiaries: CWCapital LLC (Lending and Primary Servicing), CWCapital Asset Management LLC (Special Servicing), CWCapital Investments LLC (Investment Management and Consulting) and Rockwood Real Estate Advisors LLC (Advisory and Transactional Services).