MBA Honors Cathy Pharis with 2016 CREF Distinguished Service Award

Orlando, FL – February 3, 2016 – (RealEstateRama) — The Mortgage Bankers Association (MBA) today awarded Cathy Pharis, Managing Director and Head of FHA Platform for Wells Fargo Multifamily Captial (WFMC), Wells Fargo Bank, N.A., with the 2016 Commercial Real Estate Finance (CREF) Distinguished Service Award at the Association’s 26th annual CREF/Multifamily Housing Convention & Expo held in Orlando, FL.

“Cathy was instrumental in redesigning the MBA Multifamily Steering Committee to incorporate MBA members from all multifamily capital sources,” said Rodrigo Lopez, CMB, MBA Chairman-Elect and Executive Chairman of NorthMarq Capital Finance, L.L.C. “Cathy chaired MBA’s FHA Task Force in 2011-2012, where she was key in shaping MBA’s recommendations to FHA, virtually all of which were accepted to enhance efficiencies and for more training.”

Nominees for the CREF Distinguished Service Award must be associated with an MBA member firm, have a record of sustained and extraordinary service to MBA and the commercial/multifamily real estate finance industry, and possess a strong reputation of ethical and professional conduct. This award is the highest honor an individual can receive from his or her fellow MBA members.

Pharis is the head of the FHA Platform for Wells Fargo Multifamily Capital (WFMC). In that role, she is responsible for overseeing the origination and underwriting of all projects financed by WFMC using HUD’s mortgage insurance programs. Prior to joining Wells Fargo in 2009, Pharis was with Deutsche Bank Berkshire Mortgage, Inc. (including predecessor companies) for over 25 years. She has extensive experience in unique financing structures, including mixed financing, IRP decouplings, LIHTC, and bond transactions. Pharis has been a member of MBA for nearly 25 years, currently serves on MBA’s Diversity and Inclusion Committee, and has served MBA and the industry through advocacy on Capitol Hill and before regulators on commercial/multifamily issues.

CONTACT
Ali Ahmad

(202) 557- 2727

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The Mortgage Bankers Association (MBA) is the national association representing the real estate finance industry, an industry that employs more than 280,000 people in virtually every community in the country. Headquartered in Washington, D.C., the association works to ensure the continued strength of the nation’s residential and commercial real estate markets; to expand homeownership and extend access to affordable housing to all Americans. MBA promotes fair and ethical lending practices and fosters professional excellence among real estate finance employees through a wide range of educational programs and a variety of publications. Its membership of over 2,400 companies includes all elements of real estate finance: mortgage companies, mortgage brokers, commercial banks, thrifts, Wall Street conduits, life insurance companies and others in the mortgage lending field.

Contact:

Mortgage Bankers Association
1331 L Street, NW
Washington, DC 20005

Phone: (202) 557-2700

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