Richard Moody Promoted to Chief Economist, Director of Research for Forward Capital, and Other Moves

Forward Capital LLC has promoted Dr. Richard Moody (pictured right) to chief economist and director of research for Forward Capital and all of its operating entities, which includes Mission Residential. Moody was previously the chief economist and director of research of its Mission Residential unit.

Moody joined Mission Residential in 2006 to oversee the company’s micro and macroeconomic analysis team. He and his research team delivered local, regional and national supply/demand/balance metrics in real estate on a regular basis, as well as studying macroeconomic trends to help drive the firm’s multifamily acquisitions and portfolio practices.

Before joining Mission Residential, Dr. Moody was vice president and senior economist for Pittsburgh-based PNC Financial Services Group since 1998.

NCB Promotes Deirdre Casey Gernavage to VP, Closing Department of NY Underlying Lending Team

New York--NCB has promoted Deirdre Casey Gernavage (pictured) to vice president, New York Real Estate Closing Department in the bank’s Manhattan office.

Schreiber In this position, Gernavage is primarily responsible for managing the underwriting, loan processing and closing functions for New York’s underlying mortgage team. Her primary responsibilities include: locking interest rates on loans in process; serving as a liaison between the borrower, attorneys and mortgage brokers; arranging loan closing schedules; managing the disbursement of loan proceeds; resolution of environmental and engineering issues; and all due diligence requirements for securing an underlying mortgage loan. In addition, she produces the office’s monthly and quarterly loan production reports.

Gernavage has worked with NCB for 15 years starting in the Share Loan Division as administrative assistant and then closing coordinator. Most recently she has served as assistant vice president of the NY Underlying Team Closing Department.

CAS Partners New Financial and Legal Heads

Dallas--CAS Partners has hired Barbara A. Erhart and Michael G. Hoffman to lead financial and legal activities, respectively. As a result of its strategic expansion of multifamily real estate services, the company added Erhart to its executive team in the role of chief financial officer and Hoffman as the company’s first chief legal officer.

Erhart will oversee all financial operations, accounting and treasury functions. Hoffman will be responsible for all aspects of the company’s legal affairs, including corporate and transactional work, dispute resolution and legal compliance coordination.