May 17, 2017
Norris, Beggs & Simpson Companies (NBS) expanded its Northwest footprint with the acquisition of Seattle-based Draper Hergert Shaw, Inc., (DHS) a 27-year-old mortgage banking firm. Alan Hergert and Bruce Shaw will join NBS Financial Services as SVP’s in NBS’ office located in Seattle’s One Union Square.
NBS’ Rance Gregory said, “The addition of Draper Hergert Shaw is a perfect complement to our growth strategy. Most importantly, it allowed us to add a quality loan production team who shares our values of providing superior service to the lending and borrowing community.”
DHS represents life insurance company lenders in the state of Washington, and brings a deep network of borrower relationships, as well as a strongly performing loan servicing portfolio totaling roughly $268 million. Following the addition of the DHS portfolio, NBS Financial Services now manages a loan servicing portfolio of 480 loans totaling $2.56 billion.
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