Ms. Stamnas is Senior Vice President, FHA Chief Underwriter at CSG and is MAP and LEAN approved. She is responsible for screening, underwriting and closing HUD MAP and LEAN transactions. In addition, Ms. Stamnas assists in creating Multifamily and LEAN underwriting policy, training staff, supporting loan originations, ensuring quality control procedures are met, and serving as the company’s representative to HUD and to the industry. Ms. Stamnas is President of the Eastern Lenders Association and is a member of NIC, and MBA.
Wendy has more than 27 years experience in commercial real estate including underwriting, originations, portfolio management, screening, and closing FHA, Fannie Mae, conduit loans and all MAP and 232 Programs. Ms. Stamnas underwrote or oversaw more than $1 billion in FHA insured loans that closed under all FHA programs nationwide. She developed underwriting, tracking, and process models to implement efficient analysis and delivery of final products to HUD that are being used successfully today at several companies.
Prior to joining CSG in October 2013, Ms. Stamnas served as Chief Underwriter for Metropolitan Funding Corp. beginning August 2009. She earned the FHA construction loan administrator designation in June 2010. In addition, Ms. Stamnas closed over $100 million in FHA loans and received FHA Firm Commitments and pre-application FHA LEAN program approvals on an additional $70 million of loans.
From 2003 to 2009, Ms. Stamnas was Chief Underwriter at Arbor Commercial Mortgage, LLC. She reviewed all FHA Insured loan application packages for quality control prior to submission. She underwrote all Fannie Mae Senior Housing transactions and was a member of the FHA Credit Committee. From 1999 to 2002, Ms. Stamnas was Chief Underwriter for Rockport Mortgage Corporation where she underwrote FHA/MAP, Fannie Mae, and conventional loans for multifamily and healthcare projects nationwide. During that time, she underwrote 25 FHA loans that closed, totaling over $252 million.
Ms. Stamnas served the U.S. Department of Housing and Urban Development from 1991 to 1999, beginning as a Regional Economist in Boston, MA from 1991 to 1996 and then as Project Manager for the Special Workout Assistance Team (SWAT) in Washington, DC until 1999 where she worked on troubled loans. Prior to that she worked in Housing Development at the Boston Redevelopment Authority.
Ms. Stamnas holds a BA from University of New Orleans and an MBA in Economics & Real Estate Investment Analysis from Suffolk University in Boston, MA.