Principal officers of the company are David A. Sellars, President; Carl W. Ogden, Vice-President Commercial Lending; Ray J. Landry, Vice-President Commercial Lending; Britt T. Hatfield, Chief Operating Officer; Daniel J. Darilek, Jr., Sr. Vice-President Loan Administration and Richard A. Carlson, Chief Financial Officer.

 

For over thirty years, Davis-Penn Mortgage Co. has been an experienced leader in providing financing for multifamily commercial real estate, averaging over $150 million annually in multifamily financing.  Multifamily lending services and expertise include loan origination, loan processing, underwriting analysis, loan closing and servicing of insured and conventional projects.

 

Davis-Penn Mortgage Co. provides new construction, refinancing, acquisitions and substantial rehab financing through the Federal Housing Administration (FHA) and the Department of Housing and Urban Development (HUD) insured loan programs.  Davis-Penn Mortgage Co. is a HUD Multi-family Accelerated Processing (M.A.P.) approved mortgagee for multifamily loans, GNMA approved issuer of mortgage-backed securities for multifamily project pools and an approved seller-servicer for HUD, GNMA and FHLMC with a servicing portfolio of over $750 million.

 

Davis-Penn Mortgage Co. is an active member of the National Multi Housing Council, Mortgage Bankers Association of America, Texas Mortgage Bankers Association, Texas Affiliation of Affordable Housing Providers, Texas Apartment Association, Houston Apartment Association and Southwest Mortgagee Advisory Council.