Welcome to Somerset Funding

Lynn R. Handy is a Certified Mortgage Banker, CMB – this designation is issued through the Mortgage Banker’s Association of America and is the highest mortgage banker certification in the nation. Through Somerset Funding, LLC, he provides management consulting and loan advisory services as well commercial mortgage loan originations, and loan brokering for his clients.   

Lynn worked in the banking and commercial real estate financing industry for thirty-five years. When the economy took its great downturn in 2009, Lynn left the banking industry and accepted a position with the Tax Division of The Church of Jesus Christ of Latter-day Saints, being involved with property tax matters with their commercial, farm, and church meetinghouse properties throughout the United States. He retired from the LDS Church Tax Division in May, 2014.

Prior banking experience for Lynn included Vice President for Bank of the West, originating commercial real estate on construction and term loans, as well as public finance loans. Lynn also worked for Mountain America Credit Union in several positions and its affiliate Mountain America Business Lending, including Vice President of Commercial Real Estate loans. Lynn developed and expanded a successful commercial mortgage loan participation program with other credit unions all over the United States.

Lynn graduated from the University of Utah with a degree in business administration. He also holds a Utah real estate agents license. Lynn and his wife Sandra live in the Salt Lake City area. They have seven adult children and now twenty grandchildren. Lynn enjoys family activities, travel, and community involvement.