Primary Residential Mortgage, Inc. Posts Record Volume in February
SALT LAKE CITY, March 5 -- Primary Residential Mortgage, Inc. (PRMI) has gotten off to a fast start in 2008. Year-over-year, loan volume is up 25%, and for the month of February, PRMI funded a record $178 million in correspondent volume, $23 million greater than the previous record.
“Our growth reflects the aggressive targets we have set for the company,” says David Zitting, President and CEO of PRMI. “We can attribute this success to the innovative business channels we’ve developed and to our hard working team members across the country. With the new business affiliations we have in the works, we expect this trend to continue. Our financial outlook is bright.”
PRMI’s corporate office is expanding in order to keep up with the increased demands. In the last 4 weeks, 18 new employees have been hired at the Salt Lake City office, including staff in Underwriting, Escrow, Investor Relations, Secondary Marketing, Human Resources, Compliance, Quality Control, Accounting, and Business Development. The corporate office now has close to 120 employees serving over 200 branches nationwide.
Headquartered in Salt Lake City, Utah, Primary Residential Mortgage, Inc. (PRMI) was founded by Dave Zitting, Jeff Zitting, and Steve Chapman in 1998. Since its inception, PRMI has evolved from a four-person business to a nationwide multi-billion dollar operation with 800 employees working in over 150 Branches. The company is licensed in 47 states. Branches operate under the PRMI brand or as DBAs as part of PRMI’s Division program. Serving all segments of the market, PRMI is a privately-held, debt-free company that focuses primarily on traditional loan products.
- Contact Information
- Dave Zitting
- President and CEO
- Primary Residential Mortgage Inc.
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