Primary Job Title Founder and CEO Primary Organization World Business Lenders
Location New York, New York, United States Regions Greater New York Area, East Coast, Northeastern US Gender Male Also Known As Doug Naidus
LinkedIn View on LinkedIn
Founder & CEO of World Business Lenders (WBL), an SME financing company based in Jersey City, NJ., as well as Vice Chairman of the Hispanic Chamber Fund and the African American Chamber Fund. Mr. Naidus has successfully executed and managed business activities on five continents, including high-profile transactions in the United States,
Colombia and Saudi Arabia. Doug Naidus has a track record of more than 28 years of business-building and financial industry success.
In 1988, Mr. Naidus founded IPI FINANCIAL, a start-up mortgage broker in New York, which later acquired Skyscraper Mortgage in 1998 to become the largest mortgage originator in New York state. In 1999, Mr. Naidus sold IPI Skyscraper for $18 million in a private transaction.
In 1999, Mr. Naidus founded MORTGAGEIT, a residential mortgage lender. Between 1999 and 2004, Mr. Naidus grew MortgageIT to become the second largest independent mortgage lender in the United States. MortgageIT conducted a successful 270 million IPO on the New York Stock Exchange.
In 2006, with over 3,200 employees in 58 branch offices, MortgageIT funded over 33 billion in loans.
In 2006, Mr. Naidus sold MortgageIT to DEUTSCHE BANK for $430 million plus additional consideration and then remained with Deutsche Bank for more than four years as a senior executive running its global residential real estate lending and related trading businesses.
In 2009, Mr. Naidus led Deutsche Bank into an agreement to establish a Shari’a compliant home financing company in Saudi Arabia under the name of DEUTSCHE GULF FINANCE.
In 2011, Mr. Naidus founded and capitalized WORLD BUSINESS LENDERS as its sole shareholder and funded its first loan in August 2011.
