MassHousing has promoted two long-time staff persons to new positions in the Agency’s HomeOwnership business line.
Lisa Fiandaca has been promoted to the position of Director of HomeOwnership Production and will oversee the Agency’s efforts to provide affordable home mortgage loans to low- and moderate-income residents as well as the Agency’s relationships with partner lenders that originate MassHousing loans. She will also oversee the Agency’s Mortgage Insurance Fund and Business Development. Fiandaca has served as a Business Development Officer at MassHousing since 2005 and has 35 years of experience in the mortgage lending field, having previously worked for Republic Mortgage Insurance Company and East Boston Savings Bank.
Steve Payson has been promoted to the position of Director of HomeOwnership Lending Operations, which includes lending operations, product development, and secondary marketing activities. Payson joined MassHousing in 1995 and has more than 30 years of mortgage banking experience in both the private and public sector and has held management positions in loan origination, operations, specialized lending, and risk management.
"Lisa and Steve have decades of experience in the home mortgage lending industry and both of them have been instrumental in helping MassHousing to dramatically increase its lending to homeowners with modest incomes over the last decade," said MassHousing Executive Director Tim Sullivan. "They have strong technical expertise and deep relationships in the industry that will help us to continue to make homeownership possible for thousands across the Commonwealth."
MassHousing has been a pioneer and thought-leader in responsible, sustainable affordable home mortgage lending. More information is available at www.masshousing.com.