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LEADERSHIP

building

UDF IV’s management has extensive experience in homebuilding, land development, asset management, development finance, public accounting, tax law and market involvement.  UDF IV benefits from the latest research and analysis of homebuilding trends, population flow, consumer attitudes, monetary policy, market movements and the role that each field plays in shaping the industry.

 MANAGEMENT TEAM

  • Todd Etter, Chairman and Partner

    Chairman and Partner of UMT Holdings

    Mr. Etter has served as director, partner and Chairman of UMT Services, the general partner of UMT Holdings and UMTH LD and Executive Vice President of UMTH LD since March 2003. UMT Holdings originates, purchases, sells and services loans for the development of single-family lots and loans for the construction of single-family homes through its subsidiary UMTH LD. UMT Holdings also provides real estate-related corporate finance services through its subsidiary UMTH GS. UMTH GS serves as the advisor to UDF IV and United Mortgage Trust. Mr. Etter serves as Chairman of the general partner of UDF I and UDF II and Executive Vice President of the general partner of UDF III, each of which are limited partnerships formed to originate, purchase, sell and service land development loans and/ or equity participations. Since 2000, Mr. Etter has been the Chairman of UMT Advisors, Inc., which served as the advisor to United Mortgage Trust from 2000 through July 31, 2006, and since 1996, he has been Chairman of Mortgage Trust Advisors, Inc., which served as the advisor to United Mortgage Trust from 1996 to 2000. Subsequent to the completion of the terms of their advisory agreements with United Mortgage Trust, neither UMT Advisors, Inc. nor Mortgage Trust Advisors, Inc. has been engaged in providing advisory services. Mr. Etter has overseen the growth of United Mortgage Trust from its inception in 1997 to over $160 million in capital. Since 1998, Mr. Etter has been a 50% owner of and has served as a director of Capital Reserve Corp. Since 2002, he has served as an owner and director of Ready America Funding Corp. Both Capital Reserve Corp. and Ready America Funding Corp. are Texas corporations that originate, sell and service mortgage loans for the purchase, renovation and construction of single-family homes. In 1992, Mr. Etter formed, and since that date has served as President of, South Central Mortgage, Inc. (“SCMI”), a Dallas, Texas-based mortgage banking firm. In July 2003, Mr. Etter consolidated his business interests in Capital Reserve Corp., Ready America Funding Corp. and SCMI into UMT Holdings. From 1980 through 1987, Mr. Etter served as a Principal of South Central Securities, an NASD member firm. In 1985, he formed South Central Financial Group, Inc., a Dallas, Texas-based investment banking firm, and he continues to serve as its President; however, since 1992, South Central Financial Group, Inc. has not actively engaged in investment banking activities. From 1974 through 1981, he was Vice President of Crawford, Etter and Associates, a residential development, marketing, finance and construction company. Mr. Etter received a Bachelor of Arts degree from Michigan State University in 1972.

  • Michael K. Wilson, Director of UMT Services and Partner of UMT Holdings

    Director of UMT Services and Partner of UMT Holdings 

    picture of Mike Wilson Mr. Wilson joined UMT Holdings in 2004 and currently oversees Investor Relations.  Mr. Wilson has served as President of UMT Holdings since 2009 and Partner of UMT Holdings since 2007.  Prior to joining UMT Holdings, Mr. Wilson served as Senior Vice President of Operations of Interelate, Inc., a provider of marketing and business process outsourcing services.  Prior to Interelate, Mr. Wilson served as Senior Director and Vice President of Matchlogic, an online database marketing firm and Division Director for Electronic Data Systems.  Mr. Wilson graduated from Oakland University with a Bachelor of Science degree in Management Information Systems and earned a Master of Business Administration degree from Wayne State University.

  • Stacey H. Dwyer

     

    Prior to joining UDF IV in February 2014, Ms. Dwyer worked 22 years with D.R. Horton, a leading national homebuilder.  Her most recent roles at D.R. Horton were Executive Vice President and Treasurer, positions she held from 2000 and 2003, respectively.  In those roles, she was responsible for the Company’s financial community relations, including banks, investors, rating agencies and analysts.  Prior to 2000, Ms. Dwyer held various positions in accounting, treasury and mergers and acquisitions.   From 1989 to 1991, she was an auditor with Ernst and Young in Fort Worth.  Ms. Dwyer is a Certified Public Accountant and holds a Bachelor of Science Degree in Accounting from Southeastern Oklahoma State University and a Master of Science Degree in Accounting from the University of Texas at Arlington.

 

 BOARD OF TRUSTEES

  • Phillip K. Marshall, Independent Trustee

    Independent Trustee

    Phillip Marshall • Certified Public Accountant, Texas

    • Independent Trustee, Chairman of Audit Committee, United Mortgage Trust (2006)

    • Chief Financial Officer of public and private oil and gas, water technology, restaurant and entertainment companies (2003)

    • Former Principal and Audit Partner for Whitley Penn independent certified public accountants (2001)

    • Former Director of Audit Services for Jackson & Rhodes, PC (1992)

    • Former Audit Partner for Toombs, Hall and Foster and KPMG Peat Marwick (1987)

    • B.B.A., Accounting, Texas State University (1972)

  • J. Heath Malone, Independent Trustee

    Independent Trustee

    J. Heath Malone • Co-Founder and Partner and Chief Financial Officer of Max Industries, Ltd. d/b/a Furniture Max (2002) ($15MM)

    • Former Chief Financial Officer of Mericom Corporation (1998) ($60MM)

    • Former Chief Operating Officer of OmniAmerica Development, a Hicks Muse & Tate company (1995)

    • Former Chief Financial Officer of US Alarm Systems (1992)

    • Accountant, Arthur Andersen (fraud audit team) (1989)

    • Certified Public Accountant state of Texas

    • B.A., Accounting, Southern Methodist University (1989)

  • Steven J. Finkle, Independent Trustee

    Independent Trustee

    Steven J. Finkle • Founder and President of National Brokerage Associates a full service insurance brokerage house (1995)

    • Member of the Board of Directors of the National Association of Life Brokerage Agencies

    • Partner, Broker Resources of America

    • Former board member District of Columbia Association of Insurance and Financial Advisors

    • B.B.A. Georgia State University (1972)

  • Lawrence S. Jones, Independent Trustee

    Independent Trustee

    • Partner in charge of Coopers & Lybrand’s national REIT practice from 1992 until March 1998.

    • Managing Director of Encore Enterprises, Inc. – Equity Funds – August 2008 to April 2010,

    • Senior Audit Partner with PricewaterhouseCoopers LLP – September 1999 to July 2007,

    • PWC’s representative to the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”) – 1999 to 2007,

    • Executive VP and Treasurer of Wyndham International, Inc.,

    • Independent Director and as the Chairman of the Audit Committee of CIM Real Estate Finance Trust, Inc. (formerly known as Cole Credit Property Trust IV, Inc.) since March 2012,

    • Professional Accounting Fellow with the Office of the Chief Accountant of the SEC in Washington, D.C. from July 1982 to June 1984,

    • Current member of the National Association of Corporate Directors, NAREIT, the Urban Land Institute (ULI) and the American Institute of Certified Public Accountants.

    • B.A. in Economics and Corporate Finance from the University of California at Berkeley, and a master’s degree in Corporate Finance from the UCLA Anderson School of Management.