Executive Team

David E. Creamer – Advisory Committee and Board Member

David E. Creamer, a founding partner of Witmer Partners, has specialized in mortgage banking for 45 years. Starting in 1972 with GMAC Mortgage Corporation (the former Colonial Mortgage Service Company), Mr. Creamer participated in multiple facets of the discipline ranging from Risk Management and Trading to Executive Vice President of Secondary Marketing in 1988, adding commercial operations to his portfolio in 1993.

With the establishment in 1994 of GMAC Commercial Mortgage Corporation (GMACCM) as a wholly-owned subsidiary of GMAC Mortgage Group, Mr. Creamer was appointed President and CEO and proceeded to guide the company to the position of premier commercial mortgage banking firm in the United States with a servicing portfolio valued at approximately $285 billion at the time of its March 2006 acquisition. Under his leadership, GMACCM developed beyond its initial U.S.-based loan origination and servicing charter to become a leading provider of financial services to the global commercial real estate industry. During his tenure Mr. Creamer became Chairman of GMACCM, and Chairman of GMAC Commercial Holding Corporation. He served as Director of GMAC Mortgage Group, Inc. and as Chairman of the Boards of Directors of Escrow Bank USA, GMAC Commercial Mortgage Bank, GMAC Commercial Mortgage Bank Europe, GMAC Commercial Mortgage Technology Europe Limited and MortgageRamp. He also served as a Director for numerous GMAC Commercial Holding Corp. subsidiaries. Mr. Creamer’s influence has been felt well beyond GMACCM through his participation in the mortgage banking industry.

He is a member of the Real Estate Roundtable and a lifetime member in the Mortgage Bankers Legion of the Mortgage Bankers Association of America (MBA). He has also served as a member of the Fannie Mae Housing Impact Advisory Council, as a member of the International Council of the ULI and as a Governor of the MBA. He has been widely published as a leading spokesperson for the industry. His community activities encompass Habitat for Humanity, the Philadelphia Museum of Art, the Horsham Public Library and the Horsham Neighbors Association.

Mr. Creamer served honorably in the U.S. Army, receiving numerous medals, awards and a meritorious commendation ribbon for his service in Vietnam. He holds a B.S. in Finance from Philadelphia University and an A.S. in Real Estate from Montgomery County Community College.

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Wayne Hoch

Wayne D. Hoch – Advisory Committee and Board Member

Wayne D. Hoch has specialized in domestic and international finance for over 25 years focusing on such areas as U.S. and international accounting standards, financial controls, risk management, internal audit, taxation, financial analysis and budgeting to support organizational growth.

From 1994 to 2006, Mr. Hoch was Executive Vice President and Chief Financial Officer of GMAC Commercial Holding Corporation (GMACCH). He was one of the original members of the GMACCH executive team and served as a director of GMACCH and several of its subsidiaries, as a member of its Executive Committee, and as co-chair of its Enterprise Risk Management Committee.

During his GMACCH tenure, Mr. Hoch created the firm’s global finance and accounting organization while guiding its operational expansion into international markets, coordinating mergers and acquisitions analysis and implementation, and designing and maintaining a robust corporate governance environment which included the build out of a comprehensive Sarbanes-Oxley compliance program. He actively participated in the acquisition and disposition of businesses, formation of commercial banks in the United States and in Ireland, and helped to establish business platforms in Europe and Asia.

From 1986 to 1994, Mr. Hoch held various senior level accounting and financial management positions at a GMACCH affiliate, GMAC Mortgage Corporation. Prior to joining GMAC Mortgage Corporation, he spent seven years (1979-1986) at AmSouth Mortgage Company holding positions in corporate accounting, information technology and internal audit.

Mr. Hoch holds both B.S. and M.B.A degrees from the University of Alabama at Birmingham and an M.S. from the University of Pennsylvania.

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Robert Schwartz

Robert L. Schwartz – Advisory Committee and Board Member

Robert L. Schwartz has spent more than two decades working primarily as a business transactions attorney focused on strategic initiatives including mergers, acquisitions, divestitures and start-up businesses as well as complex funding and financial structures and transactions. Since 1990, Mr. Schwartz has been engaged in both the legal and business sides of transactions, employed as an internal member of the management and legal teams of clients.

Most recently, Mr. Schwartz served as Executive Vice President and General Counsel of GMAC Commercial Holding Corporation (GMACCH), where he was an involved member of the corporate management team with a broad range of responsibilities, which included strategic transactions, funding initiatives, policy matters, corporate governance and compliance.

Mr. Schwartz played key roles in major transactions such as a $50 million capital raise for a technology-based commercial real estate venture, a successful tender offer for 10 million shares representing the minority interest by the majority shareholder and creation of a $600 million subordinate secured loan facility for assets previously not capable of being financed.

During the period 1993 to 2001 Mr. Schwartz served as Managing Director and General Counsel of GMAC Mortgage Group, Inc. and as Assistant General Counsel of General Motors Acceptance Corporation. Throughout the decade of the 1990s, he was a member of the General Motors Legal Staff and, upon its formation, the GMAC Legal Staff with principal responsibility for GMAC’s securitization program and the firm’s financial merger and acquisition transactions.

Mr. Schwartz was an associate and later partner with the law firm of Honigman, Miller, Schwartz and Cohn in Detroit prior to joining the General Motors organization.

He is a graduate of the University of Michigan and received his law degree from Wayne State University in Detroit.

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Chris Kelly

Christopher L. Kelly – President, CEO and Board Member

Phone: 215-259-0834 Email: chris@cosmocf.com

Christopher L. Kelly is the President and CEO of Cosmopolitan Capital Funding, LLC, responsible for the operations and management of the company and reports to the Board. Mr. Kelly has specialized in mortgage banking for over 35 years. During his career he has acquired experience in effectively all aspects of the mortgage banking business.

Beginning in 1981 with Manufactures Hanover Financial Services, Mr. Kelly began as an Insurance Accountant and gained knowledge in Secondary Marketing, Credit Administration and started the company’s first Foreclosure/REO Unit.

After the company was sold in 1988 Mr. Kelly went to Commercial Credit where he centralized their foreclosure and REO activities. Later he was promoted to run their residential mortgage acquisition group.

In 1994, Mr. Kelly joined Equity One where he established and built a successful Wholesale Lending Division consisting of 12 production offices, 3 regional processing centers, 7 Regional Managers, 52 Account Managers and over 100 employees operating in 34 states. The division also included an Asset Acquisition department.

In 2003, Mr. Kelly joined Wilmington Finance, a major mortgage lender, where he held several progressively senior management roles culminating in the role of Chief Operating Officer and Board Member. In that role he led several functional disciplines including Operations, Branch Administration, Collateral/Custodial, Document Control, Facilities, Funding, Loan Servicing, Risk Management and Website Client Care.

After Wilmington Finance closed in 2010 Mr. Kelly started an insurance agency business with members of Witmer Partners that has provided insurance services to mortgage loan servicers and other entities.

Mr. Kelly holds a B.S.B.A. in Accounting from Shippensburg University.

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Loan Originations

Walter Olejniczak – SVP, Branch Manager

Phone: 248-864-8982 Email: wolejniczak@cosmocf.com

Walter Olejniczak is an FHA Originator for Cosmopolitan Capital Funding, LLC, and serves as SVP, Branch Manager in the firm’s Detroit office. As a mortgage banking executive, Walter has more than 35 years in Government Insured multi-family lending and is extremely well versed in all phases of underwriting, closing and producing these loans. He has successfully secured financing under virtually every available government multi-family loan program. Mr. Olejniczak has consistently been a leading producer and has closed over $6.5 Billion of FHA and commercial real estate loans during his career.Walter served as President of Midland Advisory Services wherein he was the top consultant and advisor to pension funds with respect to matters involving existing and potential mortgage and real estate investments. During this time, he also acted as Executive Vice President of Midland Mortgage and was responsible for production, closing and placement of all construction and permanent financing for the FHA multifamily projects. As Senior Vice President of Independence One Mortgage Corporation, Walter directed the start up of the company’s entry into the FHA multifamily lending business.

Most recently, Mr. Olejniczak served as Senior Vice President and Co-Manager of Detroit loan production office of Capmark Finance Inc. (formally GMAC Commercial Mortgage Corporation). Walter was instrumental in opening and establishing the Detroit office and was directly responsible for all FHA multifamily loan processing in Michigan.

Mr. Olejniczak earned a Bachelor of Science degree from Michigan State University.

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Robert Corp – Vice President of Originations

Phone: 315-436-6040 Email: rcorp@cosmocf.com

Robert P. Corp is an FHA Originator for Cosmopolitan Capital Funding LLC, and is based in Syracuse, NY. He is responsible for originating HUD-insured mortgage loans for multifamily and seniors housing projects and for assisted living facilities, skilled nursing facilities and hospital facilities.

Mr. Corp has originated HUD loans for Sections 223(f), 221(d), 232 and 242 of HUD’s mortgage insurance programs. Bob has originated nearly $750 million in HUD-insured loans during his 30-year career. Mr. Corp’s notable transactions include financing the new construction of Moore Medical Center, an acute care hospital in Moore Oklahoma, with a $40 million HUD 242 loan; Bethel Health Care Center, a $26 million addition to and refinance of a 140-unit skilled nursing/assisted living facility in Bethel, Connecticut using HUD’s Section 232 Blended Rate program and The Falls at Marina Bay, a $35 million Section 221(d)(4) loan to finance the new construction of 345 market-rate apartments units in Fort Lauderdale, FL.

Prior to joining Cain Brothers, Mr. Corp worked for Oppenheimer Multifamily Housing & Healthcare Finance, Inc., for GMAC Commercial Mortgage and its successor companies Capmark Finance and Berkadia Commercial Mortgage. Prior to joining GMAC Commercial Mortgage Bob was a principal in the firm Continental Securities.

Bob started his business career as a Certified Public Accountant for Ernst & Whinney (now known as Ernst & Young) as an Audit Manager.

Mr. Corp graduated summa cum laude from Niagara University with a BBA in Accounting.

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Allan K. Rugg – Vice President of Originations

Phone: 240-462-7432 Email: arugg@cosmocf.com

Allan Rugg is an FHA Originator for Cosmopolitan Capital Funding, LLC and is based in the Baltimore/Washington region. He is responsible for originating HUD-insured mortgage loans for multifamily and seniors housing projects and for assisted living facilities and skilled nursing facilities.

Allan’s clients include developers and owners of market-rate and affordable multifamily and seniors housing projects as well as assisted living facilities and skilled nursing facilities. Allan has over 30 years of experience in commercial loan origination and previously worked in commercial and residential loan originations for various banks and financial institutions in the Baltimore/Washington region. In addition to being a loan originator, Mr. Rugg is also an experienced FHA underwriter and has held both MAP and LEAN underwriter designations for HUD.

Prior to working for Cosmopolitan, Mr. Rugg worked as a commercial loan originator for Great Lakes Financial, Arbor Commercial Mortgage, Evanston Financial, Midland Mortgage (Midland Mortgage Investment Corporation) and Quaker Capital, LP.

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Richard Setteducati – Vice President of Originations

Phone: 732-740-2709 Email: rjs@cosmocf.com

Richard Setteducati serves as Vice President of Originations for Cosmopolitan Capital Funding, LLC in the firm’s New York City office. He is responsible for originating HUD-insured mortgage loans for multifamily housing projects and for assisted living facilities, skilled nursing and hospital facilities. Mr. Setteducati also specializes in originating various non-HUD commercial loan transactions, including Fannie Mae, Freddie Mac, CMBS and Bridge opportunities.

Mr. Setteducati has more than 25 years of experience in the mortgage banking business. Previously, he served as a Partner at both Patriot Mortgage and Center State Mortgage, where he originated and closed more than $500 million in residential loan transactions and in excess of $150 million in commercial mortgages. As Partner, Richard managed and oversaw daily operations at each firm in addition to his originations role.

Richard is a graduate of Glassboro State College (Rowan University), with a Bachelor of Science in Business Industrial Management. He is a member of the New Jersey Mortgage Bankers Association, the Jersey Shore Chamber of Commerce and the Monmouth County Realtors/Affiliates Association.

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BJ Taylor – Vice President of Originations

Phone: 214-763-6996 Email: bjtaylor@cosmocf.com

BJ Taylor is an FHA Originator for Cosmopolitan Capital Funding, LLC and is based in Texas. She is responsible for originating HUD-insured mortgage loans for multifamily and seniors housing projects and for assisted living facilities and skilled nursing facilities.

BJ’s clients include developers of market-rate and affordable multifamily and seniors housing projects as well as assisted living facilities and skilled nursing facilities.

BJ has over 30 years of experience in development, construction and financing of commercial properties. From 1999 to the present, BJ originated and closed, new construction and acquisition/refinancing multifamily facilities under the HUD MAP process. She has also originated a number of HUD LEAN licensed healthcare facilities.

In 1995 BJ relocated back to Texas from New England to become a developer and developed three industrial parks for cities in south Texas with twin plants or maquiladoras in Mexico, including one industrial park primarily for Taiwanese companies. The second industrial park, primarily developed for Archer Daniels Midland and Frito Lay, included a potato chip plant exporting product to Mexico and Central America. Other clients procured for operating in the parks included Simpson Racing, Delphi Motor parts, and Stryker Hospital equipment.

From 1979 to 1995 BJ worked for two commercial banks with offices in Boston, Massachusetts, and various locations in Maine.

BJ holds a bachelor’s and master’s degree from Texas A&M University; graduated from Maine, New Hampshire and Vermont Schools of Banking and Dartmouth College. BJ also completed all but her dissertation for Ph.D. studies at the University of Maine, Orono, ME.

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Michelle Volpe – VP, FHA Chief Underwriter

Phone: 727-350-4263 Email: mvolpe@cosmocf.com

Michelle Volpe is a MAP and LEAN Approved FHA Underwriter with Cosmopolitan Capital Funding, LLC. Her primary responsibility is underwriting FHA multifamily and healthcare mortgage applications. She has submitted numerous transactions to HUD field offices nationally utilizing the Multifamily Accelerated Processing (MAP) and LEAN Section 232 mortgage insurance programs. She is responsible for conducting risk evaluations, credit analysis, developing financial forecasts, completing site inspections, evaluating market conditions, reviewing appraisals, market studies and environmental reports. She has been personally involved in underwriting nearly $480 Million of FHA insured financing.

Prior to rejoining Cosmopolitan in May of 2012, Ms. Volpe had short stints as VP, FHA Underwriter with Love Funding and as the FHA Chief Underwriter for Radclift Capital Mortgage where she was responsible for all mortgage transactions submitted for FHA mortgage insurance. Michelle has underwritten numerous mortgage transactions involving nearly every Section of the National Housing Act. She has also underwritten for Dougherty Mortgage, LLC and Wachovia Multifamily Capital after it acquired her current employer at the time, American Property Financing.

Ms. Volpe began her FHA career at MuniMae Midland Investment Corporation where she rose to the position of FHA Chief Underwriter and was responsible for a team of three underwriters and two analysts. Michelle has also successfully underwritten Low Income Housing Tax Credit transactions utilizing multifamily finance programs.

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Heather Orlowski – VP, FHA Underwriter

Phone: 248-864-8541 Email: horlowski@cosmocf.com

Heather Orlowski joined Cosmopolitan Capital Funding, LLC as a Vice President/FHA Underwriter in the firm’s Detroit, Michigan office. She is a MAP-Approved underwriter and has over 18 years of experience originating, underwriting, processing and closing FHA insured transactions.

Prior to joining Cosmopolitan, Heather worked as a Vice President at Capmark/GMACCM from 1994 to 2009 and as a Loan Analyst at Independence One Mortgage Corporation from 1991 to 1994. Her primary responsibility at Cosmopolitan is underwriting FHA insured multifamily and healthcare mortgage applications submitted to HUD field offices nationwide. During her career, Ms. Orlowski has closed over $300 million in FHA loans and is experienced in almost all FHA Insurance Programs including 221(d)(4), 221(d)(3), 220, 232, 223(f), 223(a)(7), 231, 236-decoupling, 202 refinance, 202 consulting, 241-Supplement and the 241(f) programs.

Ms. Orlowski holds a Bachelor of Arts degree from Michigan State University and is a member of the Michigan Mortgage Bankers Association. She has completed numerous MAP and LEAN training sessions conducted by the Department of Housing and Urban Development.

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Rachael Duncan – Assistant Vice President, FHA Underwriter

Phone: 636-238-8875 Email: rduncan@cosmocf.com

Rachel Duncan is a MAP Approved FHA Underwriter and an Assistant Vice President with Cosmopolitan Capital Funding. Ms. Duncan is a MAP approved underwriter with six years of experience underwriting HUD-insured transactions. Her primary responsibilities include reviewing, analyzing, and assisting in structuring loan proposals for Concept, Pre-Application, and Firm Application submissions to HUD. Rachel has experience with Section 221(d)(4), Section 223(f), and Section 202 refinance transactions.

Prior to joining Cosmopolitan in July 2017, Ms. Duncan was a MAP Underwriter with Love Funding Corporation, and worked in their St. Louis, MO office from 2011 to 2017. While at LFC, Rachel received her MAP Underwriter approval from HUD and worked on 28 FHA transactions that achieved closing.

Prior to joining LFC, Ms. Duncan had a 27-year career in commercial real estate wherein she managed, leased, and financed commercial real estate assets and portfolios for clients. Rachel obtained a Certified Property Manager (CPM) designation from the Institute of Real Estate Management (IREM) in 1998, and a Certified Commercial Investment Member (CCIM) designation from the Commercial Investment Real Estate Institute (CIREI) in 2000.

Rachel has a BS in Finance from Southwest Missouri State University.

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Micheline Hunter – Senior FHA Analyst

Phone: 770-521-0192 Email: mhunter@cosmocf.com

Micheline Hunter is a Senior FHA Analyst at Cosmopolitan Capital Funding, LLC. Ms. Hunter has over 20 years of experience processing and analyzing FHA insured transactions. She currently processes MAP and Lean applications for Cosmopolitan, ensuring that all submissions meet FHA’s MAP and LEAN Guidelines. Her current responsibilities include assisting borrowers, developers, architects, contractors and all other participants in the FHA process weed through the myriad of HUD required forms and complete them as required by HUD regulations. She also performs mortgage credit analyses on all principals as defined by HUD, a HUD compliant management analysis on property management firms and completes a thorough review of Phase I Environmental Site Assessment reports. Micheline is conversant in a number of languages and works extremely well with developers of varying HUD experience. Ms. Hunter is also charged with the training of junior Cosmopolitan personnel in the intricacies of HUD financing. Prior to joining Cosmopolitan, Micheline was employed by American Capital Resource, Inc., Prudential Huntoon Paige, Arbor Commercial Mortgage and Wachovia Multifamily, Inc.


Cosmopolitan is an approved Ginnie Mae Issuer and Servicer. All Servicing questions should be directed to Dean Wantland.

Dean Wantland – SVP & Chief Compliance Officer

Phone: 314-686-4536 Email: dean.wantland@cosmocf.com

Mr. Wantland is responsible for all underwriting and regulatory compliance issues under FHA/HUD and Ginnie Mae. He is also responsible for all loan closing activities and loan servicing operations for Cosmopolitan. Mr. Wantland has over 25 years’ experience with agency multifamily and healthcare loan programs. While Mr. Wantland has significant expertise in the area of compliance and quality control, his experience covers the full range of FHA business functions including origination, underwriting, closing, and secondary marketing activities, as well as construction and permanent loan servicing. Mr. Wantland has extensive knowledge and experience with various agency programs, including FHA/HUD’s multifamily (MAP) and healthcare (LEAN) mortgage insurance programs, Fannie Mae, Freddie Mac, and Ginnie Mae.

Mr. Wantland received his B.S., Business Administration from Creighton University and has completed a portion of the curriculum towards a Juris Doctorate degree from St. Louis University’s School of Law. He actively participates in various industry groups and maintains an ongoing and open dialogue with FHA officials.

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Denis Kildea – Chief Financial Officer

Phone: 215-259-0811 Email: dkildea@cosmocf.com

Dennis Kildea brings over 35 years of experience in a broad range of industries. Ranging from Financial positions in Banking, Mortgage Banking and for over 15 years as a consultant specializing in the Financial & Human Resources areas. Mr. Kildea was a founding member of Equity One, Inc., a retail lending institution and at the time of its sale had over 135 offices in 35 states.

As a founding member, Equity One Inc. he served as its VP Finance, Treasurer and as a member of its Board of Directors. Mr. Kildea was able to guide the company into financing opportunities that provided over $500 Million of funding to the company. He was also in charge of IT and Servicing in the company’s initial years selecting and installing all of the company’s software enterprise systems.

After the sale of the company Mr. Kildea started his own consulting company specializing in mortgage banking and mortgage industry related companies obtaining both a Mortgage Banking & Title Agent License. He has also partnered with other Consultancy companies and his engagements have included start-up and Fortune 100 companies in a variety of industries providing; Business Analysis, Financial Modeling, Sarbanes-Oxley compliance (SOX), Human Resource (data management and payroll) and IT services to his clients.

His community service is as a financial advisor, serving on several committees evaluating multi-million dollar projects for the township of Medford, New Jersey where he and his wife reside. Mr. Kildea holds a BS in Accounting from Saint Joseph’s University, Philadelphia, PA and is certified as a Black belt in Six Sigma Methodology.

Melissa F. Molesky – Accountant

Phone: 215-259-0836 Email: mfmolesky@cosmocf.com

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