PrimeLending Jumbo Originations Perform Well - No 60-day delinquency on recent jumbo originations | June 15, 2012 | MortgageDaily.com

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PrimeLending Jumbo Originations Perform Well

No 60-day delinquency on recent jumbo originations

June 15, 2012

By MortgageDaily.com staff

A new report on jumbo mortgages originated by PrimeLending indicates that performance of the loans has been strong. Among the company's strengths are its origination process, technology and quality control functions. But weakness was noted in it appraisal oversight and financial strength.

During the two years ended Jan. 31, the Dallas-based firm has originated 800 jumbo mortgages.

Delinquency of at least 60 days on those jumbo loans is non-existent.

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