ARDRI, the upcoming leader in intelligent non-QM lending solutions, is officially open for business. With a bold vision to transform the mortgage industry through technology and transparency, ARDRI launches under the leadership of industry veteran Steve Nadon, who steps in as the company’s President.
CEO Brian O’Shaughnessy expressed, “We are excited to announce Steve Nadon as President to lead ARDRI’s launch in the non-QM lending market. We have assembled the strongest talent and the most powerful and user-friendly technology solution in the industry. Our mission is to simplify non-QM lending. Steve Nadon is the best person to lead what will be an efficient, focused ramp-up to leadership in this market.”
Nadon brings over 40 years of experience to ARDRI. With a background spanning the evolution of the lending industry from early days in traditional finance to subprime lending to the modern landscape of non-QM, Nadon is uniquely qualified to lead ARDRI to success.
“I am thrilled to be joining ARDRI,” said Nadon. “I am eager to work alongside Brian O’Shaughnessy, Brent Houston, Yvonne Brumett, and the exceptional ARDRI team to drive a culture of ownership, transparency, and excellence. Our people, technology, and customer service are all unsurpassed in today’s industry. By aligning these superior resources, we will enable mortgage brokers and independent mortgage banks to deliver the most outstanding financial solutions to their clients.”
A Storied Career in Mortgage and Financial Services
Steve Nadon began his career in the mid-1970s at Transamerica Financial Services when lending was primarily the domain of large banks. Early on, he honed his skills working with unsecured personal loans and fixed-rate second mortgages. In 1984, Nadon was pivotal in launching Nova Financial Services as a wholly owned subsidiary of First Interstate Bancorp. Under his leadership, the start-up expanded to 70 branches across three western states, achieving the highest return on assets within the group.
In 1992, Nadon transitioned to mortgage banking by co-founding Option One Mortgage. Over 15 years, he grew the company into a robust organization of over 6,000 associates. He facilitated the origination of more than USD 40 billion per year through wholesale, retail, and correspondent channels. His career flourished with leadership roles at O2 Funding (which later merged with New Penn Financial), Emporium TPO as co-founder, and Plaza Home Mortgage.
