Doug Naidus
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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
[edit]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
[edit]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
[edit]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
[edit]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
[edit]- ^ ""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.
- ^ "Mortgage Holdings, Inc, Quarterly report". U.S. Securities and Exchange Commission. 2006. Retrieved 2018-10-29.
- ^ "Seasoned investment expert explains financing for SMEs". Al Bawaba. 2013-05-08. Retrieved 2018-10-29.
- ^ "World Business Lenders". The Record. 25 May 2014. pp. B1.
- ^ "The Naples Daily News 24 May 2014, page 30".
- ^ "World business leders predatory loans subprime loans doug naidus". The Atlanta Constitution. 9 October 2020. pp. A8.