NFM Lending‘s LaTasha Waddy announced that she’s stepping into the role of company president. As a result, current NFM President Bob Tyson is moving into the CEO’s role, a move that was confirmed by NFM managing director Greg Sher on LinkedIn.

Sher told HousingWire that the changes were effective Jan. 1, and that CEO David Silverman “is just founder now and will continue to lead our tech initiatives and investor relations.”

Waddy, who also made the announcement via LinkedIn, has been with the company since 2010. She most recently served as NFM’s executive vice president and chief legal officer.

“Thank you, David Silverman and Sandra Silverman, for giving me the opportunity 15 years ago to play a part in expanding on your vision for increasing homeownership through culture, grit and heart,” Waddy wrote on social media, crediting Tyson and Sher for their mentorship.

Tyson and Waddy did not return HousingWire’s requests for comment.

In a separate LinkedIn post, Sher lauded Waddy’s achievements, including work to help NFM “obtain our CDFI and to stand up a Special Purpose Credit Program so we could lift up undeserved communities — and it’s turning longshot dreams into breathtaking realities.

“As deserving as she is to take on this position, it would not have been possible without the vision and leadership of our Founder, David Silverman and President & COO Bob Tyson (who is moving into the CEO role simultaneously),” he added.