Berkadia is pleased to welcome Ryan Moore to our Berkadia FHA/HUD team as the Head of FHA Underwriting. With over 25 years of experience in HUD lending, Ryan brings a wealth of knowledge to the role and unique expertise in FHA financing.
We caught up with Ryan to learn more about his career in FHA underwriting and the trends he anticipates for HUD multifamily lending.
Can you share a bit about your professional journey and what led you to join Berkadia?
I started as a Market Analyst and Appraiser with Novogradac & Company within one month of college graduation. I learned the world of multifamily, healthcare, and affordable housing over the next 9.5 years, while specializing in HUD market studies and appraisals.
Multifamily and Healthcare lending was a natural transition, so I joined CWCapital/Walker & Dunlop. For the next 15.5 years, I underwrote and eventually originated all variations of HUD Multifamily and Healthcare loans while helping lead the HUD Underwriting team for many years. Berkadia is one of the pillars in the HUD lending space and I was very excited when the opportunity presented itself to lead this exceptional underwriting team.
What are you most excited about in your position as Head of FHA Underwriting?
The most compelling part of the role is the opportunity to steer our team. With more than 25 years in the somewhat small world of HUD debt, I can confidently say that the level of expertise, depth of knowledge, and strength of relationships with both borrowers and HUD staff on the Berkadia Underwriting team are unmatched across the industry. It is a challenge and a privilege to lead this team.
What trends or changes in the HUD Multifamily Insured Lending landscape do you find most interesting right now?
In my 25 years in the HUD lending world, I’ve never seen this level of commitment to improving the HUD process. All facets of both the HUD process and HUD regulations are being examined with an eye toward achieving the goal of providing more and higher quality housing options across the United States.
Additionally, and just as exciting, is HUD’s mindset change to “Get to Yes.” Our partners in the HUD regions are finding ways to approve transactions creatively and in a timely manner with an eye toward the mentioned goal of providing additional quality housing.
Where do you see the industry trending in the next few years?
HUD debt should see an increase in market share over the next few years due to the structural changes taking place now at HUD. The HUD debt product has always been very attractive in the multifamily and healthcare marketplace, so any improvements in process and certainty of execution will serve to increase the popularity of the product.
If you could have any superpower to help you in this role, what would it be and why?
The time stone from Marvel Comics! I’d love to be able to slow down time, while I still move at the same speed! It would allow me to be in more places at once. Thankfully, we have amazing leadership on the HUD Underwriting team that can continue to move deals forward and help lead HUD to a “yes” on our submissions!