A new president and CEO has been selected by ""Oppenheimer Multifamily Housing and Healthcare Finance, Inc."":www.opcomortgagefinance.com/ The company recently announced the appointment of James J. Moore III to the leadership role.[IMAGE]
Moore has more than 35 years of experience in the mortgage and banking industries, and he was one of the founders of OMHHF's multifamily unit. In his prestigious position for the company, Moore will be responsible for facilitating overall growth for OMHHF, and he will head up the lender's team of mortgage bankers nationwide.
Commenting on Moore's promotion, Albert G. Lowenthal, chairman of OMHHF's parent company, ""Oppenheimer Holdings Inc."":www.opco.com/, said, ""We are pleased to announce this appointment today. ├âÔÇÜ├é┬áJim was one of the founders of Oppenheimer Multifamily and instrumental in its growth to be one of the leading mortgage bankers in its field."" ├âÔÇÜ├é┬á
Continuing his affirmative statements, Lowenthal added, ""Jim brings over 35 years of experience in debt financing to OMHHF and we are confident that he will continue to grow this important business in the coming years.""
OMHHF currently ranks among the top five national mortgage bankers as determined by the origination and servicing of apartment and healthcare facility mortgages for the ""Department of Housing and Urban Development"":www.hud.gov/. Additionally, Oppenheimer is considered one of the nation's leading lenders for GNMA security issues related to HUD loans, on behalf of the owners and developers of the properties seeking financing through the ""Federal Housing Administration's"":www.fha.gov/ programs.
During 2011, OMHHF is estimated to have closed and securitized more than $1.2 billion in mortgage loans. The Pennsylvania-based company's mortgage servicing portfolio totaled around $2.6 billion to end the year, and in an official statement, OHMMF noted that it presently operates 15 origination and underwriting locations around the country.