Walker & Dunlop ($11.99 0.05%) named Dale Brem vice president and deputy chief underwriter of its Federal Housing Administration finance department. The multifamily lender said the hire is part of its process of expanding FHA-backed mortgage originations.

Michele Warner, Walker & Dunlop senior vice president, said Brem's 18-plus years of commercial real estate experience and wealth of knowledge underwriting FHA-insured loans would benefit the company. Brem joins a rapidly growing department at Walker & Dunlop. The lender made a few key hires to the department in August.

The company posted a $6.1 million profit during the third quarter as loan originations grew 104% year-over-year and had profits of $7.1 million in the same quarter a year earlier. Walker & Dunlop's third-quarter profit was up from $4.4 million a year earlier, on a pro forma basis.

Loan originations at the company hit $906.7 million in 3Q, up from $444.4 million a year earlier.

Prior to joining Walker & Dunlop, Brem was FHA chief underwriter at KeyBank Real Estate Capital where he managed all underwriting activities for FHA agency loans including multifamily and healthcare properties. Before Key Bank he was a senior underwriter at GMAC Commercial Mortgage and Malone Mortgage Company.

Brem has managed more than $1 billion in loan-qualifying and underwriting processes and underwrote more than $245 million in conventional, affordable and healthcare FHA loans throughout the country.

Write to Justin T. Hilley.

Follow him on Twitter @JustinHilley.