|By Marketwired .||
|June 4, 2013 04:50 PM EDT||
SALT LAKE CITY, UT -- (Marketwired) -- 06/04/13 -- The Scotsman Guide's annual Top Mortgage Lender rankings were released this week, and with nearly $5 billion in loan volume, Salt Lake City-based Primary Residential Mortgage, Inc. (PRMI) ranked as the 9th highest-producing retail mortgage lender in the United States in 2012 of those surveyed. As a 100 percent retail lender, PRMI ranked 17th overall for lenders doing retail loans, wholesale or both.
"This distinction is significant," said president and CEO, Dave Zitting. "To be one of the top 10 lenders in the retail business after all the mortgage industry has undergone is a real honor. I celebrate the strategic and cautious choices my team has made while helping people make their dreams of homeownership a reality."
The Scotsman Guide's Top Mortgage Lenders rankings are based on loan volume from mortgages on one-to-four unit residential properties within the U.S. (excluding commercial and international loans). The rankings include the top 25 lenders by wholesale and retail and the top 75 lenders by overall loan volume.
Headquartered in Salt Lake City, Utah, Primary Residential Mortgage, Inc. (PRMI) was founded in 1998 by Dave Zitting, Jeff Zitting, and Steve Chapman. Since it started, PRMI has evolved into a nationwide, multi-billion dollar operation licensed in 49 states with more than 1,500 employees working in more than 200 branches. Its mission is to be a nationally respected, locally known home loan company whose purpose is to finance people's homeownership goals through positive and personal experiences. Serving all segments of the market, PRMI is a privately held, debt-free organization that focuses primarily on traditional residential loan products.
The Summit Group