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Primary Residential Mortgage, Inc. Launches Enterprise Risk Management Group

- H. Burton Embry Promoted To Focus On Evaluating And Analyzing Risk -

Primary Residential Mortgage, Inc. (PRMI), one of the premier lenders in the mortgage industry, announced today the creation of a new Enterprise Risk Management (ERM) group.

The creation of this new group demonstrates the company’s commitment to manage risk through the entire loan origination process and ensures that the company has the appropriate monitoring and evaluation policies.

“Over the last couple years, the mortgage industry has been under intense scrutiny,” said Dave Zitting, President and CEO of PRMI.  “While the larger banks all have ERM departments, it’s uncommon for a company of our size to have one but we wanted to take aggressive steps to demonstrate to our customers, partners and employees our commitment to providing a safe and compliant mortgage experience.”

Twenty-five year mortgage-banking industry veteran H. Burton Embry has been named Senior Vice President – Enterprise Risk Management and will be responsible for overseeing the Compliance, Licensing, Quality Control, Insuring, Final Docs and HMDA Departments for the company’s more than 190 nationwide offices and over 850 Mortgage Loan Originators.  Primary residential Mortgage is licensed in 49 states and the District of Columbia

“In today’s mortgage environment, lenders must manage compliance and quality issues more closely than ever before,” said Embry.  “By establishing this new group we are implementing a solution that will sharpen our focus on complying with all mortgage banking laws and regulations, improve on our overall loan quality and help us to better manage risk across all areas of our Company.”

In addition to Burton’s promotion, Shelly Hill has been promoted to Compliance Director.  Hill will be responsible for the day-to-day compliance activities of Primary Residential Mortgage.  Previously Hill was PRMI’s State Compliance Manager, a position she’s held since April 2011.

For more information about PRMI visit http://www.primaryresidentialmortgage.com.

ABOUT PRMI
PRMI is a nationwide mortgage banking company with over 200 branch offices in 49 states. PRMI has grown its annual funded volumes to over $4.BB and projections to hit over $5.BB in 2012. PRMI specializes in providing our industry’s top professional originators and managers an exceptional career experience. PRMI’s strength ensures your ability to grow your mortgage career – coupled with mortgage banking / capital markets capability, agency seller-servicer, in-house serviced products, industry’s deepest product line (FHA, VA, State Bond Programs, Jumbo, Conventional, Reverse HECM, Construction & Lot Lending, USDA, etc.), incredible financial support & coaching, industry’s most comprehensive marketing support & technologies, and origination / production technologies to ensure fast turn times. PRMI – “Home of the American Dream.”

PR Contact:

Jeremy Kartchner

Snapp Conner PR

801 994-9625

Jeremy@snappconner.com

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