Arbor Commercial Mortgage recently announced its promotion of Joseph Donovan to senior vice president, director of FHA lending, at its Boston office.

His new role with the real estate lending company will include oversight of its Federal Housing Administration loan production group, the FHA lending platform and the origination and underwriting teams in the region.

Donovan formerly served as senior vice president of production management for Arbor. In this position he oversaw the production of FHA, Fannie Mae, Ginnie Mae (GNMA) and other commercial mortgage-backed securities. He also managed the evaluation, screening and analysis processes for loans produced by the company.

Donovan hopes to expand the company’s FHA group to meet “an increase in borrower demand for FHA financing.”

Prior to joining Arbor in 1993, he worked for the Federal Deposit Insurance Corp. and Commonwealth Mortgage Co.

Most Popular Articles

Here are the mortgage lenders that borrowers like the most

J.D. Power’s 2019 U.S. Primary Mortgage Origination Satisfaction Study, released Thursday morning, showed that there are some lenders that customers seem to love working with more than others. Here are the ones that borrowers are partial to.

Nov 14, 2019 By

Latest Articles

Congressional vote on “de facto QM Patch” postponed

The House Financial Services Committee postponed a vote on H.R. 2445 on Wednesday, a bill that would fix the so-called QM Patch that’s set to expire in early 2021.

Nov 15, 2019 By