Greystone Continues West Coast Expansion

January 14, 2013

As part of a continued effort to strengthen its West Coast presence, and better serve its growing customer base, Greystone, a leading national provider of multifamily and commercial mortgage loans, will be actively recruiting and hiring experienced originators, underwriters and closing staff to its California offices.

Rick Wolf, a member of Greystone’s senior management team will be driving the West Coast expansion. His responsibilities previously included managing production for the Northeast and Midwest offices, as well as product head for Greystone’s small loan program. Wolf joined the team three years ago after ten years with Fannie Mae.

“We believe Rick’s experience with Fannie Mae, his contributions to the team as a member of the senior management team and his proven track record recruiting and managing several key members of our production team makes him uniquely qualified for this challenge,” said Joe Mosley, Executive Managing Director and head of production for the Greystone Agency lending platform.

Additionally, the firm will also be looking to open new offices in the region including Orange County, CA and Seattle, WA. Greystone currently has production offices in Los Angeles and San Francisco, and underwriting support in Los Angeles and Pasadena.

“We recognize the opportunities offered in several key markets in California, Oregon and Washington, and we believe additional production, credit and operational personnel will allow us to significantly increase market share and to provide a more timely and effective customer service,” said Billy Posey, Executive Vice President and head of Greystone’s Agency platform.

In 2012, Greystone originated approximately $3.4 billion of Fannie Mae DUS, Freddie Mac Affordable, FHA and Bridge multifamily business. The firm currently services almost $12 billion in mortgage loans.

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