California-based mortgage lender, Paramount Residential Mortgage Group, Inc. (PRMG) is further expanding its leadership team with the addition of Gian Russo, Product Manager Non-QM.
Gian is 22-year mortgage veteran starting his career after attaining his BA in Finance and spending a few years on Wall Street doing international and Domestic M&A research and analysis. Since then, his career has been as a senior executive professional in several mortgage banking companies such as GE Capital (FKA Weyerhaeuser Mortgage), Prospect Mortgage, owned by Sterling Capital Partners, The Money Source and Equity Prime Mortgage. He has considerable experience in developing Non-Agency loan programs and technology solutions. His expertise is in expanding and growing Companies and Divisions including Correspondent lending flow and bulk, Retail, Wholesale, Non-Delegated, Operations and Capital Markets for PE firms, VC firms, I-banks and privately held companies.
“Finding the right person that has a unique blend of Non-QM product depth, production empathy, fulfillment experience, training expertise and industry contacts was no easy task and we are thrilled we found one to expand our offering to a new level. Gian’s vast experience will allow him to successfully integrate with our origination partners, our own corporate team, and our capital market partners to create a unique opportunity for those excited to embrace this space.”, said Gary Malis, Chief Strategy & Capital Markets Officer.
As PRMG’s Product Manager Non-QM, Russo will be responsible for the expansion of Non-QM products across all three origination channels: Retail, Wholesale and Correspondent as well as collaborating with Operations to streamline training, investor relations, capital markets, marketing and sales.
“I could not be more thrilled to be working with PRMG on this effort. They are Best in Class in so many categories. The future of our Industry, short and midterm, is the NON-QM product line. PRMG's Nationwide footprint, vast internal expertise and resources coupled with exceptional distribution capabilities, makes this one of the most exciting opportunities I have dreamed of embarking on”, said Russo.
To join forces with a company that has been Built by Originators for OriginatorsTM and to learn more about PRMG’s Non-QM opportunities, please contact Gian Russo at GianR@prmg.net or 908.303.6502.