Draper and Kramer Mortgage Corp. has a new president: industry veteran Matt Patterson. He will assume his new role Feb. 1.

It’s a promotion for Patterson, who has served the company as vice president of business development for eight years. During that time, he’s grown loan production through recruiting and relationship building, business development and technology expansion. Altogether, Patterson has more than 35 years of experience in the mortgage industry.

Now, as president of Draper and Kramer, he hopes to continue driving innovation at the Downers Grove-based firm.

“I’m honored and thrilled to step into this position,” Patterson said in a press release. “It’s always been my passion to help this company continue to grow, along with our staff and systems.”

Draper and Kramer CEO Paul Lueken also expressed his excitement. “Matt has been an invaluable asset to our organization since he joined us in 2014,” Lueken said. “As president, we are confident he will continue to power our future success through his leadership, expertise and vision.”