BETHESDA, Md., July 10, 2012 /PRNewswire/ -- Walker & Dunlop, Inc. (NYSE: WD) (the "Company") announced today that Michael B. Vaughn has joined the Company as senior vice president & head of the Company's FHA Finance Healthcare department. Mr. Vaughn will manage origination, underwriting, and quality control of all Healthcare loans.
"We are excited to welcome Michael to our FHA Finance team, which has grown significantly over the past year. Michael is a seasoned and highly-respected professional in the healthcare finance sector and bringing him on board is a significant opportunity due to the knowledge and experience he developed as Director of the LEAN healthcare division at HUD," said Michelle Warner, senior vice president/group head, FHA Finance at Walker & Dunlop. "Michael's many years of experience at HUD, his industry relationships and wealth of knowledge regarding agency loans will prove to be an incredible asset to our clients and our company."
Prior to joining Walker & Dunlop, Mr. Vaughn held several positions at the U.S. Department of Housing and Urban Development (HUD). Most recently he was Director of the Office of Residential Care Facilities, part of the Office of Healthcare Programs. While there, Mr. Vaughn was directly responsible for origination and asset management activities related to the $17.5 billion portfolio of Section 232 Insured Mortgages on Skilled Nursing and Assisted Living Facilities. Under his leadership, the LEAN (Section 232) program reached a level of production of over 800 loans a year, $6 billion in commitments and issued approvals on the largest nursing home portfolio ever processed by HUD. Earlier at HUD, Mr. Vaughn was personally responsible for a large number of Mark-to-Market, Mixed-Finance public housing and tax credit transactions."Because of the LEAN improvements to HUD's healthcare programs, they are now attractive to higher quality and more sophisticated borrowers," observed Ms. Warner. "Michael will be able to draw on his knowledge of HUD program financing, his industry expertise and his experience structuring transactions to achieve the best results for our clients."