James B. Nutter & Company: A Leader in Business and Community

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James B. Nutter & Company has a long history of being a leader in business and community. Founded in 1951, the company has been a Kansas City staple for over 70 years.

James B. Nutter & Company's commitment to the community is evident in its philanthropic efforts. The company has donated over $10 million to various organizations.

The company's success is a testament to its strong leadership and vision. James B. Nutter Jr. has led the company since 1979, guiding it through significant growth and expansion.

DOJ Settlement: $2.4 Million

The U.S. Department of Justice announced a $2.4 million settlement with James B. Nutter & Company.

This settlement was reached to resolve allegations that the company knowingly underwrote Home Equity Conversion Mortgages (HECM) that did not meet program eligibility requirements.

The company, James B. Nutter & Company, was founded in 1951 and was operating as Nutter Home Loans at the time of its closure in 2022.

Blackberry phone on books featuring James Clear's work, complemented by fresh green plant.
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The company allowed inexperienced temporary staff to underwrite FHA-insured loans, which led to the falsification of underwriter signatures and incomplete documentation.

The company serviced $7 billion in loans at its peak operations.

The settlement was a result of the DOJ's claim that the company ran afoul of the False Claims Act and the Financial Institutions Reform, Recovery and Enforcement Act of 1989.

Company Culture

At James B. Nutter & Company, company culture is built on a foundation of community involvement and philanthropy. The company has a long history of giving back to the community, with a focus on supporting local organizations and initiatives.

The company's commitment to community service is led by its President and CEO, who has been recognized for his dedication to giving back. He has been involved with various organizations, including the Boys & Girls Clubs of America and the United Way.

The company's culture also values employee well-being and offers a range of benefits to support its team members' physical and mental health.

On a similar theme: SM Culture Partners

Employees

Credit: youtube.com, 3 ways to create a work culture that brings out the best in employees | Chris White | TEDxAtlanta

At James B. Nutter & Company, you'll find a team of around 200 loan officers, processors, and support staff working together at the headquarters in Kansas City's historic Westport neighborhood.

The company's CEO, James B. Nutter, leads the team with a clear vision and direction.

The large team size allows for a diverse range of skills and perspectives, which can foster creativity and innovation in the workplace.

Philanthropy

Our company is deeply committed to giving back to the community through philanthropy. We've been recognized by many non-profits for our donations, including the John "Buck" O'Neil Award for outstanding support of the Negro Leagues Baseball Museum.

We're proud to have a long history of donating to organizations like Children's Mercy Hospital and the Harry S. Truman Library Institute, where we have board representation. This shows our dedication to making a positive impact in the lives of others.

We've also supported Little Sisters of the Poor, Gordon Parks Elementary School, and the Jackson County (Mo.) Historical Society, among many others. Our contributions to these organizations have helped make a real difference in the community.

We're committed to continuing our philanthropic efforts and finding new ways to give back. Our donations to Truman Medical Center, American Red Cross, and Rockhurst University are just a few examples of our ongoing support.

Frequently Asked Questions

Is James B. Nutter still in business?

No, James B. Nutter is no longer originating mortgage loans. The company is reportedly closing due to the upcoming trial and CEO James Nutter Jr.'s ongoing health issues.

Who is the CEO of Nutter?

The CEO of Nutter is Ron Nutter, who also serves as President of The Nutter Group, Inc. He leads the company with his expertise and vision.

Verna Walter

Lead Writer

Verna Walter is a seasoned writer with a passion for finance and business. With a keen eye for detail and a knack for research, she has established herself as a trusted authority on the European financial landscape. Verna's expertise spans a wide range of topics, from the inner workings of the European Central Bank to the intricacies of the Austrian stock market.

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