The Mortgage Bankers Association (MBA) named Gail Cardwell as senior vice president of commercial/multifamily.
Cardwell will manage the commercial/multifamily group to serve the needs of MBA members who are engaged in commercial/multifamily real estate finance.
She will be directly responsible for the development and implementation of regulatory policy, best practices and industry standards for the commercial/multifamily sector and will serve as the communication conduit to MBA's commercial/multifamily membership, according to a release from the association.
Cardwell joins the MBA from the Manufactured Housing Institute (MHI), where she was MHI's president and chief executive officer and principal spokesperson for this organization representing all aspects of the manufactured housing industry.
Before that, she was MBA's senior vice president of commercial/multifamily and held various positions within MBA since 1993, such as senior director and director. She was also a former MBA member, having placed commercial real estate debt and equity investments for MetLife's real estate investments department before joining the MBA.
"We are very pleased to welcome Gail back to lead MBA's Commercial/Multifamily group as she will be a valuable member of our senior management team," said John A. Courson, MBA's president and chief executive officer. "As the commercial and multifamily mortgage industry continues to evolve, we are very fortunate to have Gail advocating on behalf of MBA and our members."
"Gail's extensive industry experience will prove to be an invaluable asset to the organization as we move forward with key commercial issues," said Dave Roberts, chair of MBA's commercial Real estate/multifamily finance board of governors (COMBOG). "She is an industry veteran who understands the business, and is the best person to represent MBA members' business interests."
