HOWELL, NJ—Eastern Union Funding has named Philip Krispin to focus on its FHA & GSE loan production in its Howell, NJ, office.

Krispin's hire reflects the company's deepening focus on agency (FHA, Fannie and Freddie) loan products. By bringing on a professional and dedicating more resources to this niche, Eastern Union says it hopes to capture a substantially greater portion of the agency market share while increasing options for its clients who are looking to take advantage of this product type and historically low interest rate environment.

“Our goal is to create real value for our clients, not to simply be a filter that takes a deal and sends it to a few shops to see what sticks,” says Krispin. “We're taking our clients' vision and goals, creating a game plan that exceeds their expectations, while of course bringing it across the finish line – and eliminating the heartache often involved in the process.”

Formerly a senior originator at Greystone, Krispin joins Eastern Union as it continues to grow its national presence. The company closed deals in nearly every state last year, many of which were market rate and affordable assets in top and tertiary markets where the agency lending platforms play a significant role.

“We're already arranging a lot of agency loans, in particular on the healthcare front,” says co-founder and managing partner Abraham Bergman. “Phil is a workhorse and is perfectly positioned to bring our production to the next level.”

One of Krispin's main specialties is an FHA self-amortizing 35-year fixed-rate loan product offered nationwide. FHA is a viable solution for multifamily and healthcare loans of all sizes and recently, such deals are still closing in the low three percent range.

“There's a lot of activity already happening, and a lot of room for growth, which is the perfect setting for a guy like Phil to commandeer,” says CEO Avrom Forman. “It's another important piece to a big picture approach.”

Instant Insights /

Eastern Union Funding Announces Hire, Ramps Up Agency Lending

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