Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
735,718-296
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.94%0.01
EconomicsLegalMortgage

Jon Daurio returns to mortgage industry

In May 2011, nonperforming loan investor Kondaur Capital said CEO Jon Daurio left the company.

After “taking the year off and letting the non-compete dissolve,” Jon Daurio is back in the mortgage business. This time he’s on the lending side.

Daurio is currently raising financing for his Orange County-based Nikkeal Capital Corp. The title of the company is an amalgamation of his children’s names: Nikki and Michael.

Nikkeal will soon be originating prime, non-conforming mortgages, likely on jumbo properties, Daurio said.

This is the area of the mortgage business Daurio sees the most opportunity. He believes the same type of investors in Kondaur bonds will likely be interested in his future securitizations of Nikkeal product.

“Those bond buyers recognize my expertise to accurately access and mitigate risk,” Daurio said. When pressed if that last statement is a shot as his former employer, Daurio denied any bad blood.

“The vast majority who work [at Kondaur] are friends and family hired by me,” Daurio said. “I still hold a significant investment in Kondaur.”

jgaffney@housingwire.com

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please