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Origination News | Lender Ranking | Fundings by Lender | Statistics
Quarterly residential mortgage production by lender. Subprime, Alt-A, home equity and conforming originations. Volume by quarter since 2003.

PRMI Production Improves

Q2 originations up 15%

July 22, 2013

By Mortgage Daily staff

Quarterly mortgage originations at Primary Residential Mortgage Inc. increased, and the company managed to lift volume with fewer employees.

Residential loan originations amounted to 7,017 loans for $1.419 billion from April 1 through June 30, according to data provided to Mortgage Daily.

PRMI's business increased from the first quarter, when 6,215 loans were closed for $1.229 billion.

Production was also better than the second quarter of last year, when PRMI originated 6,264 mortgages for $1.201 billion.

During the entire first half of this year, volume totaled 13,232 units for $2.648 billion.

All of PRMI's loans are originated through the retail channel.

The mortgage servicing portfolio finished last month at 7,104 loans for $1.350 billion.

The Salt Lake City-based company serviced 5,559 loans for $1.046 billion three months earlier. The servicing portfolio stood at just 952 loans for $0.153 billion at the same point in 2012.

At 1,711 employees, staffing has retreated from 1,740 as of March 31.

But headcount has grown from June 30, 2012, when 1,698 people worked for the company.

PRMI profile

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