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

NationalMortgageProfessional.com

Link copied

Published

Sep 13, 2017

Opinion

Seller Impersonation Fraud Is Evolving. Is the Mortgage Industry Evolving Fast Enough?

AI and increasingly sophisticated wire fraud are raising the stakes at the closing table, forcing lenders to rethink how they verify identities, counterparties, and payment instructions

For years, the mortgage industry has spent a lot of money on spotting borrower fraud at the start of the loan process. But one of the growing fraud threats today may show up later — when the loan is approved, the closing is set, and hundreds of thousands of dollars are about...

Analysis and Data

Price Cuts Hit Four-Year High As Mortgage Rates Top 7%

More than one in five listings took a price cut in September, but pending sales still posted their sharpest annual decline since March 2025

Home sellers are finally giving buyers some ground. The problem is mortgage rates are taking it right back.More than one in five homes listed for sale — 20.8% — had a price reduction in September, the highest share in nearly four years, according to Realtor.com's latest Mont...

Nov

Pasadena, CA

More from

Industry News

Garg Claims Majority In Better Fight, Board Poised To Honor Vote

Founder says he secured more than 51% of voting power to remove five directors, pending confirmation by a third-party inspector

C-Suite Strategies

Oct 01, 2026

Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Industry News

Sep 29, 2026

CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News

Sep 23, 2026

Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News

Sep 23, 2026

Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies

Sep 23, 2026