SALT LAKE CITY, March 4 /PRNewswire/ -- Primary Residential Mortgage,Inc. (PRMI) has gotten off to a fast start in 2008. Year-over-year, loanvolume is up 25%, and for the month of February, PRMI funded a record $178million in correspondent volume, $23 million greater than the previousrecord. "Our growth reflects the aggressive targets we have set for thecompany," says David Zitting, President and CEO of PRMI. "We can attributethis success to the innovative business channels we've developed and to ourhard working team members across the country. With the new businessaffiliations we have in the works, we expect this trend to continue. Ourfinancial outlook is bright." PRMI's corporate office is expanding in order to keep up with theincreased demands. In the last 4 weeks, 18 new employees have been hired atthe Salt Lake City office, including staff in Underwriting, Escrow,Investor Relations, Secondary Marketing, Human Resources, Compliance,Quality Control, Accounting, and Business Development. The corporate officenow has close to 120 employees serving over 200 branches nationwide. ABOUT PRMI Headquartered in Salt Lake City, Utah, Primary Residential Mortgage,Inc. (PRMI) was founded by Dave Zitting, Jeff Zitting, and Steve Chapman in1998. Since its inception, PRMI has evolved from a four-person business toa nationwide multi-billion dollar operation with 800 employees working inover 150 Branches. The company is licensed in 47 states. Branches operateunder the PRMI brand or as DBAs as part of PRMI's Division program. Servingall segments of the market, PRMI is a privately-held, debt-free companythat focuses primarily on traditional loan products.
CONTACT INFORMATION Dave Zitting President and CEO Primary Residential Mortgage 801-596-8707
Primary Residential Mortgage, Inc. Posts Record Volume in February
March 05, 2008, 10:29 p.m. EST 1 Min Read
