While I know that our company is growing in leaps and bounds, I also acknowledge that it takes some time for a company’s name and brand to saturate our industry.
I recently asked some friends at our corporate office to give me an update on the good news of our companies stellar growth and was made aware of a press release that I missed a few months ago. It does a great job of telling the story of our most recent burst of growth.
DESPITE STRUGGLING ECONOMY,
PRIMARY RESIDENTIAL MORTGAGE BREAKS NEW RECORDS
SALT LAKE CITY, UT – MAY 4, 2009 –
Primary Residential Mortgage has recently broken several personal company records and continues to climb upwards despite a struggling economy.
In April 2009, PRMI reports more than a half-billion in underwriting volume with more than $770 million in application volume. Throughout more than 240 branches and divisions nationwide, approximately 2,325 scheduled loans were funded.
In addition to achieving record breaking volume, Primary Residential Mortgage’s CEO, Dave Zitting, reported the company has received final approval for an additional $300 million in warehouse capacity expansions per month.
“This new line of warehouse capacity will allow us to grow into the next phase, producing more than $8.4 billion annually,” said Zitting. “I believe at this point in time PRMI will be one of Top 15 Mortgage Bankers nationwide – this includes institutional banks.”
As PRMI expands, the Corporate staff has grown with the addition of 51 new employees this year. Senior Management has recently been rearranged with the addition of Tom Gyuro as Chief Strategy Officer; Chris Jones as the Senior Vice President of Business Performance, and the promotion of Ruth Green to Senior Vice President of Operations.
ABOUT PRMI
Headquartered in Salt Lake City, Utah, Primary Residential Mortgage, Inc. (PRMI) was founded by Dave Zitting, Jeff Zitting, and Steve Chapman in 1998. Serving all segments of the market, PRMI is a privately-held, debt-free company that focuses primarily on the retail production of traditional mortgage products. Since its inception, PRMI has evolved into a nationwide multi-billion dollar operation with 1400 employees working in over 240 branches. The company is licensed in 47 states. Branches operate under the PRMI brand or as DBAs as part of PRMI’s division program.
CONTACT INFORMATION
Dave Zitting
President and CEO
Primary Residential Mortgage
800-255-2792 ext. 1113
Melissa Oveson l Marketing Communications Specialist
Primary Residential Mortgage, Inc.
4750 West Wiley Post Way, Suite 200 l Salt Lake City l Utah l 84116
Toll Free 1.800.255.2792 ext. 1113 l Fax 1.801.533-3035
