Director Of Originations
Metropolitan Funding Corp
New York, Ny
Metropolitan Funding Corp. (MFC) is a full service commercial real estate mortgage banking firm and is an approved FHA Title II Non-supervised Mortgagee and FHA Multifamily Accelerated Processing (MAP) lender. Through the FHA mortgage insurance programs, MFC provides long-term, first mortgage financing for new construction, rehabilitation, refinance, and acquisitions to multifamily and healthcare owners and developers nationwide. MFC was incorporated on July 18, 1991 in the County of New Castle and the State of Delaware. On April 29, 1992, MFC filed with the State Secretarys office to do business in the State of New York under the name of Metropolitan Funding Company of North America. Applicant commenced its FHA mortgage insurance business operations on January 1, 1992 after receiving the FHA Title II, Non-supervised Mortgagee designation. In May 2000, HUD adopted the MAP program as a new processing procedure designed to establish national standards for FHA approved multifamily lenders to prepare, process, and submit loan applications for mortgage insurance. MFC was approved as a MAP Lender in May 2000. Originally established as an exclusive HUD/FHA lender, the company expanded its ability to meet borrowers changing requirements by establishing its own Direct Fund programs.