LOMBARD, Ill. - (December 14, 2016)
The name change, which reflects the mortgage company’s role since 2008 as the residential mortgage division of national full-service real estate firm Draper and Kramer, Incorporated, coincides with a recent overarching corporate rebranding at Draper and Kramer.
“The 1st Advantage Mortgage name has served us well, but it’s time for a change to reflect how far we’ve come since our start nearly 20 years ago, as well as the history, organization and resources that are behind everything we do as part of Draper and Kramer,” said Paul Lueken, CEO of Lombard, Ill.-based Draper and Kramer Mortgage Corp. “We’ve grown our market share, and we’re a part of something much bigger now. We’re currently licensed in 38 states and growing rapidly, as we’ve recently opened offices in Texas, Massachusetts and Indiana. I’m looking forward to our next chapter and taking the Draper and Kramer name to new parts of the country.”
1st Advantage Mortgage, LLC was founded by Lueken in 1997. The Chicago-area company distinguished itself in the mortgage industry with its competitive products, efficient in-house processing and strong customer service, becoming one of the largest mortgage providers in Illinois.
In 2008, 1st Advantage Mortgage, LLC joined Chicago-based Draper and Kramer, a privately held company that has been a leader in property and financial services since 1893. While keeping the 1st Advantage Mortgage name, the firm assumed the role of Draper and Kramer’s residential mortgage division and incorporated Draper and Kramer’s existing mortgage operations.
Today, the mortgage company has grown its nationwide presence and retail business substantially and is set to fund approximately $2 billion in loans in 2016.
Draper and Kramer Mortgage Corp. will retain its corporate headquarters in Lombard, Ill., a suburb of Chicago. Draper and Kramer is headquartered in a new 39,000-square-foot, state-of-the-art office space in Chicago’s downtown Loop district.
About Draper and Kramer Mortgage Corp.
The residential mortgage division of Draper and Kramer, Incorporated, Draper and Kramer Mortgage Corp. has 25 branch locations nationally and approximately 335 employees. The company has been named one of the Top Mortgage Lenders in America by Scotsman Guide magazine and one of the 50 Best Companies to work for by Mortgage Executive Magazine, all while maintaining an A+ BBB rating and 98% Customer Satisfaction Rating. For more information, visit www.dkmortgage.com, or follow the company on Facebook at www.facebook.com/DKMortgageCorp/, on LinkedIn at https://www.linkedin.com/company/draper-and-kramer-mortgage-corp.?trk and on Twitter at @DKMortgageCorp.
About Draper and Kramer, Incorporated
Founded in 1893, Draper and Kramer, Incorporated, is family-owned and one of the largest privately held full-service real estate firms in the U.S. Draper and Kramer is headquartered in Chicago with a national reach and broad offering of services. The company’s expertise spans residential and commercial property management and leasing; debt and equity financing for commercial properties; residential and commercial acquisition and development; and residential mortgage services through Draper and Kramer Mortgage Corp. Draper and Kramer provides a single source of real estate-related counsel to a diverse group of investors in real estate across the U.S including corporations; private and institutional owners and users of real estate; government agencies; condominium associations; and foundations. For more information, visit www.draperandkramer.com.