The Real Deal

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Former Preferred Empire executive Jeffrey Appel moves to Bank of America

Jeffrey Appel

From the November issue: Mortgage broker and WPIX television show host Jeffrey Appel took a new job at Bank of America last month after his former employer, Preferred Empire Mortgage, was reconfigured in a joint venture with California-based lender Wells Fargo Bank. Appel, now a vice president at Bank of America's home lending division, was a senior vice president at Preferred Empire Mortgage, a mortgage brokerage owned by the city's biggest residential real estate brokerage, Prudential Douglas Elliman. In a past study, The Real Deal ranked Appel as one of the city's top mortgage producers. Preferred ceased operations as an entity in September and a new company, DE Capital Mortgage, was created as a joint venture between Prudential and Wells Fargo. Appel, who led a team of brokers that at its height had seven members, said although he thought the joint venture was a good decision, he opted to move to Bank of America on Oct. 13. more

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