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Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.


PRMI's Servicing Portfolio Climbs Past $1 Billion

Q1 mortgage production down 15% from Q4

April 26, 2013

By Mortgage Daily staff

Home loan originations slowed during the first quarter of this year at Primary Residential Mortgage Inc., while staffing was reduced. But the company's mortgage servicing portfolio climbed past $1 billion.

The Salt Lake City-based lender reported to Mortgage Daily that its first-quarter residential loan production totaled 6,215 loans for $1.229 billion.

Activity slowed from the fourth-quarter 2012, when PRMI originated 7,259 mortgages for $1.444 billion.

In the first quarter of last year, $0.981 billion was originated.

PRMI generates all of its business through the retail origination channel.

The mortgage servicing portfolio finished March above a billion dollars -- with 5,559 loans being serviced for $1.046 billion.

Three months earlier, the total servicing portfolio was 4,015 loans for $0.742 billion.

PRMI had 1,740 employees on staff as of March 31. Headcount was trimmed by nine employees as of the end of 2012.

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