California-based mortgage lender, Paramount Residential Mortgage Group, Inc. (PRMG) continues to show why it is the Progressively Better Lender! The esteemed Scotsman Guide has ranked the company among the best of the best for the year 2018 in the Top Mortgage Lenders!
Scotsman evaluated several entries to compile the list of the 75 best lenders in the country based on overall volume as well as channel specific volume in retail, wholesale and correspondent. PRMG is ranked in the top 25 of the featured companies for overall volume and #12 in Top Wholesale Volume!
According to the Scotsman Guide, overall sales volume and number of closed loans decreased significantly in 2018 along with limited inventory and high interest rates for nearly all the Top Mortgage Lenders across the country. Even with all that market contraction the PRMG sales team was still able to close a company record of $5.4 billion in volume and close 21,203 loans in 2018! – Once again, proving why PRMG is a Progressively Better Lender!
"PRMG has shown a commitment to its core principle of price consistency and solid service in underwriting. Even as we are experiencing record volumes in 2019 we have not raised our margins at all. Price consistency builds trust. We are also transparent about our turn times and are committed to hiring more staff and creating technological efficiencies to constantly improve. Thanks to the thousands of brokers who trust us more and more each day”, said Kevin Peranio, PRMG Chief Lending Officer.
Congratulations to the PRMG Team on their hard-earned award from the prestigious industry publication, Scotsman Guide!
To view the complete Top Mortgage Lenders 2018 List by Scotsman Guide, please click here.