A California-based wholesale lender that closed nearly $2 billion last year reported growth in loan originations and is recruiting employees for sales and production.
Residential originations reached $604 million during the third quarter at Paramount Residential Mortgage Group Inc., the company reported to Mortgage Daily.
A spokesman for PRMG, as the company is also known, noted that production has been improving.
The lender, which operates from its headquarters in Corona, said home-loan production was $1.95 billion during all of last year.
In October, PRMG President and Chief Executive Officer Paul Rozo told Mortgage Daily that Bank of American Home Loans’ exit from wholesale lending was a boon for his company.
“This reallocation of fulfillment services will now provide more horsepower to correspondent lenders, like PRMG, which in turn will help us better support our broker customers,” Rozo said at the time.
The company was founded in 2001.
On its Web site, the privately held lender says it employs more than 300 people in 16 branches located throughout the West.
The spokesman reported that headcount now stands at around 250 employees.
Among mortgage positions being advertised at Paramount are direct-endorsement underwriter, account executive and loan officer. It is also recruiting loan processors and “doc drawers.”
careers at Paramount
