Skip to main content

Draper and Kramer Mortgage Moves Into New HQ

Sep 13, 2017
Draper and Kramer Mortgage Corp. employees, Chamber630 members and special guests including Illinois State Rep. David S. Olsen cut the ribbon for the mortgage firm’s new headquarters in Downers Grove, Ill., during a grand opening celebration on August 22

Draper and Kramer Mortgage has opened its new Downers Grove, Ill. Headquarters, as more than 125 employees, area business professionals and government officials were in attendance for the event and ribbon cutting ceremony. The new 23,000-square-foot space is larger than the firm’s previous headquarters in nearby Lombard, Ill., accommodating additional core staff to support the growing lender’s nationwide business.
 
“This is a small move for us in terms of distance but an important move in terms of impact,” said Paul Lueken, Chief Executive Officer of Draper and Kramer Mortgage Corp. “We needed a larger facility for our growing support staff and wanted a more open, collaborative work environment. We now have all of that in a beautiful space with state-of-the-art equipment. It’s a happier, more productive place to come into every day and a great investment in the employees who support the company and our customers across the country.”
 
The larger headquarters was necessitated by the mid-sized lender’s continued growth over recent years. Draper and Kramer Mortgage Corp. increased its annual loan production from approximately $1.5 billion to $2 billion from 2015 to 2016 and is on pace to add more than a dozen branches nationwide in 2017. The company is now licensed in 42 states.
 
Staffed by more than 100 employees, the Downers Grove headquarters features private and team offices, an open-concept kitchen and dining/gathering area, two conference rooms and a dedicated training room. The headquarters is occupied by the company’s loan processing, underwriting, closing, training, information technology, secondary shipping, accounting and human resources departments. Staff members were transitioned into the new space from the company’s previous Lombard location beginning this spring.

 
About the author
Published
Sep 13, 2017
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024