WMAC Officers
Fortunat (Forty) Semadeni - WMAC President
NorthMarq
Forty Semadeni is a Senior Vice President at NorthMarq, where he serves as the FHA Chief Underwriter. Mr. Semadeni brings 20 years of FHA experience to the WMAC board, having either personally underwritten or overseen approximately $2 billion in closed HUD business, encompassing both multifamily and healthcare transactions. He earned a B.S. degree in Finance from Miami University (OH) and currently resides in Frisco, TX with his wife and three kids.
Rick Orf - WMAC Vice President
PGIM Real Estate
Rick Orf is an Executive Director and Deputy Chief for the FHA Underwriting team with PGIM Real Estate. He has 23 years in commercial real estate underwriting experience, which includes 13 years in the FHA world.
Prior to his FHA experience, Rick was Vice President at GE Real Estate where he drove production analyzing hotels, retail space, office buildings, industrial properties, as well as national franchises. As an FHA underwriter, Rick personally participated in the underwriting of $1B multifamily loans. Being DCU for the past 7 years, Rick has been helping manage underwriting platforms responsible for over $1B in annual FHA commitments that include new construction, sub-rehabs, and refinances for market rate and affordable projects across the country.
Rick considers St. Louis, MO his home, where he resides with his wife and three kids.
Raelee Jones - WMAC Past President
Centennial Mortgage, Inc.
Raelee is the Chief FHA Underwriter with Centennial Mortgage, Inc. She began her lending career in the 1980’s before transitioning to Senior Housing Development in the 1990’s. In 2001 she came back to lending and has focused on FHA insured lending since then. In addition to Multifamily loans, her focus has been on the HUD 232 program. In 2008, Raelee helped with the development of HUD’s Lean Pilot program. She has also served the industry through her roles in the Mortgage Bankers Association FHA Committee, Western Mortgagee Advisory Council and Healthcare Mortgagee Advisory Council.
Harvest Peerman - WMAC Treasurer
Colliers Mortgage
Harvest Peerman is a Senior FHA MAP Underwriter at Colliers Mortgage. She began her real estate career 20 years ago as a title officer for Security Title in Colorado where she trained in the legal process through closing. She then moved into FHA Commercial Lending at Amerisphere Mortgage starting as a loan processor and quickly moving to Loan Analyst as an Underwriter Trainee. Harvest would go on to work for the Colorado Housing and Finance Authority as a Commercial Loan Closer and later Gershman Mortgage where she received her MAP Certification. Harvest currently resides in Southern Colorado with her husband of 23 years and three children.
Riahna Phillips - WMAC Secretary
Adroc Capital
Riahna Phillips is currently the FHA Chief Underwriter for Adroc Capital. Prior to Adroc, she was a Senior FHA Underwriter at Forbix Financial. Prior to this, she served as a Senior FHA Underwriter at Barings Multifamily Capital. Riahna began her real estate career at Red Capital Group (now Lument) as an Analyst in 2008. She received her FHA MAP Certification in 2012.
Prior to specializing in real estate, Riahna earned an MBA in Finance and Accounting from The University of Chicago Booth School of Business. Upon graduation, she joined the MBA Associate Program at PNC Bank, during which she completed rotations in investment banking, private equity, syndications, international banking, and formal credit training. Early in her career, Riahna held roles as a research analyst at an economic consulting firm and as an equity trader for a regional commercial bank. She also graduated from DePaul University in Chicago with a B.S. in Finance.
Kelly Scharlemann - WMAC Board Member Emerging Professional
Berkadia
Kelly Scharlemann is an Underwriter Trainee on the Affordable team at Berkadia Commercial Mortgage. She has five years’ experience with FHA multifamily and healthcare lending, beginning her FHA career at CBRE as an Underwriting Processor and Analyst. Kelly holds a Bachelor of Arts degree in Business Administration and Communication Studies from Colorado State University. She currently resides in Colorado with her husband and enjoys exploring the Rocky Mountains.
Janine Garrison - WMAC Board Member
Berkadia
Janine Garrison is a Deputy Chief Underwriter at Berkadia Commercial Mortgage. She has 33 years of experience in real estate financing and servicing and has been with the FHA Underwriting team at Berkadia and all successor companies for over 21 years. She has Underwritten and overseen the successful closings of over $2B in healthcare and multifamily loans. Recent industry efforts include being an instructor of the MBA FHA Multifamily Underwriter Training Program, an alumnus of the 2022 MBA Future Leaders program, and is looking forward to being a contributing Member of the WMAC Board.
Madalyn Tighe - WMAC Board Member
CBRE
Madalyn is a Senior Underwriting Analyst at CBRE HMF, Inc. She started her lending career as a processor at CBRE in September of 2018. Prior to joining CBRE, Madalyn received her bachelor’s degree from Colorado State University with a major in Real Estate Finance. She shortly worked in property management at FSB Healthcare Realty before joining the FHA Team at CBRE. She currently resides in Denver, Colorado with her dog and enjoys all outdoor activities that Colorado has to offer.