Doug Naidus

Doug Naidus (born December 30, 1965) is an American businessman who is the founder and chief executive officer of World Business Lenders, LLC.

Career in finance

Naidus founded IPI Skyscraper, a mortgage brokerage company, in 1988. Under his leadership, IPI Skyscraper transformed from a start-up to one of the largest mortgage brokers in the United States.[1] In 1999, Naidus founded MortgageIT, a nationwide real estate investment trust and residential mortgage lending company, where he served as chairman and chief executive officer. The company, which funded $33 billion in residential mortgage loans, was listed publicly on the New York Stock Exchange in 2004 before being acquired by Deutsche Bank in 2007.[2]

Deutsche Bank

Naidus held the position of managing director and Global Head of Residential Lending and Trading at Deutsche Bank from 2007 to 2011.[3]

World Business Lenders

In 2011, Naidus founded and currently serves as chairman and chief executive officer of World Business Lenders, which has been described as a predatory lender.[4][5][6]

Banned Brokers

In a Bloomberg article published on May 27, 2014, Naidus refused to comment when asked about predatory lending practices at World Business Lenders. See https://www.fa-mag.com/news/what-some-of-wall-street-s-banned-brokers-are-doing-now-18091.html?print.

References

  1. ^ ""MortgageIT CEO Shares Post-Deal Vision" by Shenn, Jody - American Banker, Vol. 171, Issue 141, July 25, 2006". Archived from the original on December 14, 2018. Retrieved October 29, 2018.
  2. ^ "Mortgage Holdings, Inc, Quarterly report". U.S. Securities and Exchange Commission. 2006. Retrieved 2018-10-29.
  3. ^ "Seasoned investment expert explains financing for SMEs". Al Bawaba. 2013-05-08. Retrieved 2018-10-29.
  4. ^ "World Business Lenders". The Record. 25 May 2014. pp. B1.
  5. ^ "The Naples Daily News 24 May 2014, page 30".
  6. ^ "World business leders predatory loans subprime loans doug naidus". The Atlanta Constitution. 9 October 2020. pp. A8.