Mortgage Daily

Published On: July 10, 2017

James B. Nutter, a titan in Kansas City’s business and political circles, died on Friday. He was 89.

Nutter, who founded home mortgage company James B. Nutter & Co. in 1951, was known as a businessman for his forward-thinking policies. James B. Nutter & Co. was among the first mortgage banking companies to offer Department of Veterans Affairs loans, extended loans in minority communities that other banks would overlook and eschewed the type of risky subprime loans that helped trigger the Great Recession.

“We lost market share because we didn’t make those horrible loans, because it was wrong,” Nutter told The Star in 2012.

Nutter also was a political power broker in Kansas City and more broadly in Missouri. Former Gov. Mel Carnahan (D), Sen. Claire McCaskill (D-Missouri) and Congressman Emanuel Cleaver (D-Missouri) are among many recipients of his political donations and campaign advice.

“On Friday we lost our patriarch — an extraordinary man whose big heart, wisdom and generosity touched us and so many others in profound and lasting ways,” read a statement from Nutter’s family. “He taught us not only how to be honorable and fair in business, but how to listen to, and learn about people from every country, culture and religion, and to have compassion for every living thing, whether on two legs or four.”

Nutter’s generosity extended to several local institutions, including Children’s Mercy Hospital and the Harry S. Truman Library & Museum.

“Jim Nutter was an institution in Kansas City for a reason,” McCaskill said in a statement. “He was an outstanding businessman who had a huge heart for his community. From helping Children’s Mercy or supporting the Truman Library, he never said no. I was incredibly lucky to have him as a friend and a mentor for over 30 years. He is simple irreplaceable. My love to his family.”

Aspirants for a seat on the Kansas City Council often paid Nutter a visit, not only for the prospect of a financial contribution to their campaigns, but also for his political advice.

“When I was running, old Pat Gray, who was my consultant, said ‘If you haven’t talked to Jim Nutter, you haven’t talked to the most important guy in Kansas City politics,’ ” said Kansas City Councilman Quinton Lucas, who was elected in 2015.

Nutter’s political involvement extends back to the 1960s, when he helped found the Committee for County Progress, a political reform group that sought to drive out the influence of organized crime in the Democrat-controlled Jackson County, Missouri, government.

The committee’s efforts were credited with the formation of a modern, professional form of county government.

“He played a role in purging the Mafia’s control of the local Democratic party and, by extension, the entire Jackson County government,” said veteran campaign consultant Steve Glorioso. “The changes it brought were (home rule) charter government, it led to the building of the sports complexes, it led to modern government. That was something Jim was a big part of.”

Nutter also was remembered for his presence in East Side communities, which have for decades suffered from neglect and disinvestment.

Nutter’s mortgage company made it a priority to help minority homebuyers obtain mortgages during times when other lenders would not take a chance on disadvantaged communities.

“A lot of our deep housing segregation was a product, in part, of lending practices to African Americans,” Glorioso said. “Jim made an effort and succeeded in allowing minorities to have financing so they could have homes.”

Community leaders credit Nutter with helping pass a 1964 municipal referendum to outlaw racial discrimination in places of public accommodation, like hotels and restaurants. Nutter helped swing votes along the predominantly white Ward Parkway corridor in favor of the public accommodation referendum.

“Jim Nutter was a huge public proponent of public accommodation, so much so that he walked his neighborhood knocking on doors in the Ward Parkway corridor explaining to people why Kansas City should not continue to exist by excluding one race of people,” said Cleaver. “The vote was predictably and factually overwhelming in the black areas, in areas where African Americans lived east of Troost. But over in the neighborhood where Jim Nutter lived … there it won. It passed in Kansas City because of a combination of what happened in Jim Nutter’s neighborhood and on the East Side.”

Nutter also helped direct investment to the Ivanhoe Neighborhood, an East Side community of 7,800 residents that had been a magnet for crime, litter and poverty.

Margaret May, executive director of the Ivanhoe Neighborhood Council, said that Nutter contributed $300,000 of the $460,000 needed to convert an old building at 3700 Woodland Ave. into a community center. Nutter sought help from others to round out the rest.

“He encouraged a number of other people to help us in many, many, many ways,” May said.

Nutter didn’t do it for the attention.

“One of the reasons he did was the head of it, Margaret May, was doing so much on her own,” Cleaver said. “It was bound to get his attention. He did it without fanfare, no press conferences, no announcements.”

But Nutter would receive credit anyway. The Ivanhoe Neighborhood Council named a park and a community center after Nutter for his contributions.

“He cared a lot more about life in the African American part of our city and what was happening in the inner city than a lot of others in politics and business,” Lucas said. “It’s cliche to say that he walked the walk, but he did.”

Civic leaders also recalled Nutter’s attention to environmental issues.

Anita Gorman, an influential civic activist in Kansas City, worked with Nutter on a 1976 campaign to pass a one-eighth cent sales tax in Missouri to establish a conservation department. Previous efforts had faltered, but Nutter’s involvement added strength to a campaign that resulted voters approving a constitutional amendment to support the Missouri Department of Conversation with sales taxes.

“I’ve often said if all Democrats were like Jim Nutter, we wouldn’t need another party,” Gorman said.

Nutter, who wasn’t shy about his liberal philosophies, would still help those with different political leanings. Nutter and Gorman were co-chairs of former Kansas City Mayor Dick Berkley’s campaign efforts. Kansas City’s mayor and council seats are not partisan races, but Berkley was known to be a Republican.

Berkley said it came as a surprise that Nutter sided with a Republican. But Berkley is grateful that Nutter did; like Cleaver, Berkley thinks he wouldn’t have been mayor without Nutter’s support.

“His opinion was well respected, he had regular contact with a number of key people around the community,” Berkley said. “He put me in touch with them or asked them to help support me and it was a great help.”

Nutter’s nature and ability to connect with people, no matter their background, helped form the network of contacts he forged during his life.

“Wherever he went, whether it was a convent full of nuns or a union office full of men who belong to unions, or bank presidents, he was so highly regarded,” Gorman said. “Everybody liked him, and for good reason.”

Nutter would go on to support Cleaver on his way to becoming Kansas City’s next mayor in 1991.

“There would never have been a Mayor Emanuel Cleaver but for Jim Nutter,” Cleaver said. “No matter how much I said that, he would always minimize it. The same thing happened when I ran for Congress, he would minimize his role.”

Nutter was married to Annabel Fisher Nutter for nearly 63 years. She survives him. His son, James B. Nutter Jr., survives him and is president and chief executive officer of James B. Nutter & Co. He was preceded in death by his daughter, Nancy Ann Moore, who died of breast cancer in 2003.

Services for Nutter are pending.

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