CARMEL, Ind. – Mortgage banking company Merchants Capital today announces the hiring of Dewayne Hayward as Vice President, Federal Housing Association (FHA) Asset Management and Mark Ciarrocchi as Senior Vice President, Investor Accounting.
As Vice President, FHA Asset Management, Dewayne Hayward will serve as head of Asset Management for Merchants’ private label subservicing team. Hayward previously served as Team Lead of FHA Asset Management at ORIX Real Estate Capital, where he managed a portfolio of over $20 billion of commercial real estate, multifamily and health care properties across the U.S. Prior to joining ORIX, Hayward worked as Assistant Vice President, Asset Management for Capital One Multifamily Finance and as an FHA Asset Manager for Prudential Financial. Hayward also became a licensed real estate agent in 2020, serving Berkshire Hathaway Home Services. Hayward will be working out of his home in Carrollton, Texas.
“We are very excited to welcome Dewayne Hayward to our growing team,” said Lisa Lundeen, Merchants Capital Senior Vice President, FHA & Government-Sponsored Enterprise (GSE) Asset Management. “With Dewayne’s depth of knowledge and over 19 years of experience in asset management and real estate, we know he can help us take Merchants’ private label servicing to the next level.”
Mark Ciarrocchi joins Merchants Capital as Senior Vice President, Investor Accounting where he will be leading GSE investor reporting and the Merchants servicing department’s account reconciliations. Previously, Ciarrocchi served as the Manager of Multifamily Asset Management and Loan Servicing for Freddie Mac for over eight years. There, Ciarrocchi acted as the business lead for new initiatives and developments, managed monthly investor reporting for over 1,000 bond/cash loan collateral (including tax exempt bonds for multifamily real estate) and more. Ciarrocchi also worked in investor reporting at CWCapital Asset Management and Wells Fargo Bank prior to Freddie Mac. Ciarrocchi will be working out of his home in Waxhaw, North Carolina.
“Mark Ciarrocchi has 21 years of commercial real estate asset management and loan servicing experience, and he has a wealth of knowledge that will be invaluable to our Merchants Capital team,” said Nisha Cuellar, Merchants Capital Senior Vice President, Investor Accounting. “We are incredibly thrilled to have Mark on board with us.”