SWAC Board Members




Jennifer Massey is the Chief Operating Officer of Highland Commercial Mortgage, LLC., a privately owned commercial mortgage firm based out of Birmingham, AL. Jennifer oversees the underwriting of FHA-insured multifamily and healthcare loans throughout the United States with concentration in the Southeast and Southwest.

Jennifer began her career in the FHA-insured lending space in 1998 with Collateral Mortgage, a Birmingham-based firm. Her focus included the areas of loan servicing and compliance, originating, underwriting and selling under the company’s FHA lending platform. In 2005, Jennifer joined Prudential Mortgage Capital Company as a Principal and member of the Senior Management Team for its FHA lending platform.

Jennifer is past President of the Southeast Mortgagee Advisory Council to HUD and remains active in industry organizations and FHA committees.




Forty Semadeni is a Senior Vice President at NorthMarq, where he serves as the FHA Chief Underwriter. Mr. Semadeni brings over 20 years of FHA experience to the SWAC board, having either personally underwritten or overseen approximately $3 billion in closed HUD business, encompassing both multifamily and healthcare transactions. He earned a B.S. degree in Finance from Miami University (OH) and currently resides in Frisco, TX with his wife and three kids.



Since Mike opened Mason Joseph Company's Fort Worth branch in 2014, the office has closed 41 FHA-insured multifamily loans totaling $810 million. These include 25 221(d)4 new construction/sub-rehab loans and 28 loans for affordable/LIHTC properties.

 Mike and his wife Betsey are members of Syracuse University's Lubin Society and Co-Chairs of its Parents Council. They are also members of TCU's Clark Society. Mike is the General Manager of the Fort Worth Funk - the TCU alumni team competing in The Basketball Tournament.




Patrick Weiman is Vice President of Davis-Penn Mortgage Company, a privately-owned, full-service FHA lender based in Houston, Texas. Patrick is currently responsible for underwriting Multifamily and Healthcare loans across the United States. He is an FHA MAP-Approved Underwriter and has been with Davis-Penn since 2011.

Previously, Patrick worked as a Commercial Appraiser and, immediately following the 2008 Recession, was also involved in evaluating troubled loan portfolios of failing banks.

Mr. Weiman holds two bachelor’s degrees from Texas A&M University – Economics & International Studies – as well as a Master’s degree in Land Economics and Real Estate. He is currently a Board Member of the Southwest Mortgagee Advisory Council (SWAC) and is active in the National Multifamily Housing Council (NMHC) and Mortgage Banker’s Association (MBA).



Kristin Welch is a Senior Underwriter at JLL, where she specializes in credit underwriting for new transactions and expanding the company's involvement in FHA lending for multifamily housing.

She entered the FHA-insured lending space in 2010, and her expertise is evenly split between market rate and affordable multifamily projects. She has a strong background in affordable housing, having structured and underwritten deals involving various financing tools such as 4% LITHC (Low Income Housing Tax Credits) with tax-exempt bonds, 9% LITHC transactions, Section 8, and Rental Assistance Demonstration (RAD) programs.

Kristin has been involved in commercial banking and real estate finance since 2002. She holds a Bachelor of Finance from Texas A&M University.  Beyond her professional endeavors, Kristin resides in Houston with her husband and their four children.




Leslie is a Managing Director and FHA Chief Underwriter for M&T Realty Capital Corporation. In her role she is responsible credit/risk oversight, compliance, quality control, budgeting and team management for the day to day underwriting activities and personnel for the FHA division. Prior to joining MTRCC, Leslie has been the Managing Director and FHA Program Manager for CBRE’s FHA Lending Platform as well as Chief Underwriter for AmeriSphere Mortgage Finance, now known as NorthMarq, overseeing the company’s underwriting and credit risk functions for the FHA division.


Ms. Duchene has nearly 30 years of commercial real estate finance and Title Insurance experience and more than 25-years specialized in FHA Insured finance for multifamily and healthcare. Her experience includes all facets of FHA financing for multifamily and healthcare including affordable, LIHTC, construction and substantial / moderate rehabilitation.



Tim Nunan is a Senior Managing Director in the Dallas office of Berkadia. He brings 25 years of experience in real estate to his role as a mortgage banker. He previously was a designated MAP Underwriter and approved LEAN Underwriter with Berkadia. Prior to joining Berkadia’s predecessor GMAC Commercial Mortgage (later Capmark Finance, Inc.) in 2001, Tim was a Senior Loan Analyst with Malone Mortgage Company where he gained valuable initial experience underwriting loans for HUD. He started his real estate career as a commercial appraiser for Henry S. Miller Commercial. Tim is a non-practicing MAI (Member of the Appraisal Institute). He holds a Masters in Land Economics and Real Estate and a Bachelor of Business Administration in Finance from Texas A&M University.




Chad Ricks is an Executive Vice President with CBRE Capital Market’s Debt & Structured Finance team. He works nationally to originate affordable and market rate multifamily and healthcare loans with a particular focus on FHA-insured Debt.

Mr. Ricks Joined CBRE in 2014 after nearly 12 years at Love Funding Corporation in Dallas and St. Louis, Missouri. He began as a Manager in the St. Louis headquarters and was promoted to Director in 2005 when he opened the Dallas office. While at Love Funding, he handled loan originations for multifamily, healthcare, and affordable housing properties. He was one of the company’s highest producers and won the annual “Love Cup” for the highest producer in 2008. He continues that tradition of being among the top producers while at CBRE, having closed over $500 million in FHA insured products.

Chad graduated from the University of Missouri with a Masters and Bachelor of Science in Business Administration both with an emphasis in finance.




Bryant Scogin is Senior Vice President and Chief Underwriter at KeyBank. Mr. Scogin joined KeyBank through the acquisition of Malone Mortgage in 2005 where he served as an Underwriter for FHA loans. Prior to joining Malone Mortgage, his focus was on environmental consulting which included due diligence as well as on and off-shore environmental research.

Currently, he manages underwriting for multifamily, healthcare and affordable housing for FHA insured assets. Mr. Scogin received his Bachelor of Science degree in Bioenvironmental Studies from Texas A&M University and is also a Registered Environmental Manager with the NREP.