General World News

Top-producing Draper and Kramer LOs spurn NAF

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. (DKMC) are not transitioning to the company’s acquirer, New American Funding (NAF), according to multiple sources and available public data.

During their departure, DKMC sales staff who are not joining NAF were informed by leadership that they will have to wait a few months before receiving all of their compensation tied to any loans closed before the M&A deal, per documents reviewed by HousingWire.

California-based NAF on Thursday confirmed the acquisition of the residential mortgage business of Chicago-based Draper and Kramer Holding, a financial and real estate details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com