Greystone announced that Scott Thurman has joined as Senior Managing Director and Chief Underwriter within the FHA lending team. In this role, Mr. Thurman will focus on multifamily, affordable and healthcare property transactions as well as various strategic initiatives to further streamline the FHA underwriting process for Greystone clients.
A 25-year FHA industry veteran, Mr. Thurman most recently served as Senior Managing Director and Chief Underwriter at ACRE Capital. Prior to ACRE, Mr. Thurman was Deputy and Chief Underwriter at CWCapital, which was acquired by Walker & Dunlop in 2012. Mr. Thurman has overseen the underwriting of over $2 billion in FHA-insured loans in those roles. He was part of the original FHA-Lender team that re-invented FHA’s approach to financing residential care facilities.
Mr. Thurman began his career at the U.S. Department of Housing & Urban Development, where he served as Multifamily Housing Representative and Information Specialist. During nearly a decade in this role, he was instrumental in developing HUD’s first streamlined processing for refinancing apartments. He was also part of a national re-engineering team that helped lay the groundwork for the MAP program.
“Scott is one of a rare breed of individuals in the multifamily/healthcare space who are equally adept at finding creative underwriting solutions for a challenging transaction or designing big picture strategies to meet the needs of our clients in an ever-changing industry,” said Mordecai Rosenberg, head of Greystone’s FHA lending business. “With his deep industry and management experience, as well as his passion for serving customers and colleagues, Scott will play a key role in furthering Greystone’s mission to become the easiest lender in the country to work with, and the easiest lender in the country to work for.”