Dozens of employees have been recruited by Primary Residential Mortgage Inc. so far this year as annual originations are on track to jump more than 40 percent over last year’s levels. The lender has taken advantage of the favorable mortgage environment to update its brand.
Fifty new employees have been hired at PRMI’s Salt Lake City headquarters since the beginning of 2012, an Aug. 28 announcement indicated. Headcount at the corporate operation stands at 235.
Including the headquarters staff and people working from 200 active branches, PRMI’s headcount is 1,500, down from around 2,000 reported in early 2011.
As of January 2012, there were 850 loan originators on staff.
PRMI, which previously reported 2011 originations of $3.5 billion, said that it closed $2.2 billion in the first half of this year.
A prior projection had the company on track to fund more than $5 billion for the full year. But the latest outlook has been trimmed to “nearly $5 billion.”
Home loans are originated in 49 states.
Dave Zitting, who is president and chief executive officer of the 14-year-old firm, said that the new employees, elevated originations and a brand that was “refreshed” last month are all converging to help “PRMI stay at the forefront of the mortgage industry.”
Zitting added, “Our success and growth is a credit to our employees’ dedication and hard work.”
PRMI claims to be “one of the top lenders in the mortgage industry.”
