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3.4
5 ratings
3.6
Salary & Benefits
2.8
Professional growth
3.6
Work-Life balance
3.2
Recognition & Support
3.8
Culture & Values
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Primary Residential Mortgage, Inc. (PRMI) is a nationwide, independent, full-service residential mortgage banker with over 325 branches in 49 states. Its creative business model has provided decades of stable progress. In 2019, the company funded over $6.3 billion in loans and helped people all over the country reach their home financing goals. They believe in providing strong futures for the customers, referral partners, and team members. PRMI serves you as a family. As part of PRMI, the clients maintain the freedom needed to grow and thrive independently. The company strives to succeed on its own terms in your way. PRMI is an Equal Housing Lender that provides approval credit and collateral. The insights of Primary Residential Mortgage is that they retain 6.7 years in Median tenure.

Company - Private
$100M to $500M
Large
Multiple locations
Plumbing / Heating / Air-Conditioning Companies, Commercial Banking Companies, Finance & Insurance Companies, Insurance Agency & Brokerage Firms, Investment Banking & Securities Brokerage Firms, Niche Personal Services Companies, Car Repair & Maintenance Companies
1998
Dave Zitting
What departments Primary Residential Mortgage employees work at?
DepartmentsRatio
Credit / Loan46.8%
Financial Managers15.1%
other occupation13.1%
Administrative - Other8.8%
Management6.3%
Sales / Retail5.7%
Financial Analysts and Advisors4.2%
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Team

Professional experience

How many years of experience do Primary Residential Mortgage employees have before joining?
Years of experience at Primary Residential Mortgage: Newcomers: 21%, Experiencers: 15%, Experts: 21%, Veterans: 43%. Primary Residential Mortgage employees have 8+ years experience on average before joining.
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Where did Primary Residential Mortgage employees work before joining?
Where they've worked before Primary Residential Mortgage: Academy Mortgage, Bank of America, Caliber Home Loans. Typical Primary Residential Mortgage employees have worked at Academy Mortgage.
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Academy Mortgage
Bank of America
Caliber Home Loans
What industries did Primary Residential Mortgage employees work in previously?
Industry Background: The most typical industries of Primary Residential Mortgage: Commercial Banking Companies, Insurance Agency & Brokerage Firms, Finance & Insurance Companies, Investment Banking & Securities Brokerage Firms, Consulting Companies. Primary Residential Mortgage employees most likely come from a Commercial Banking Companies industry background.
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Where did Primary Residential Mortgage employees work before joining?
Past employers' size at Primary Residential Mortgage: Small: 36%, Medium: 22%, Large: 42%. Most Primary Residential Mortgage employees have previously worked at large companies.
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Educational background

What did employees at Primary Residential Mortgage study?
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Where did employees at Primary Residential Mortgage study?
Arizona State University-Tempe
Miami Dade College
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Employee data

How long do people stay in a role at Primary Residential Mortgage?
Time employed at Primary Residential Mortgage: <1: 12%, 1-3: 25%, 4-8: 42%, 9-13: 16%, 14-20: 4%, 20+: 1%. Most Primary Residential Mortgage employees stay with the company for 4-8 years which is the same as the industry average.
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How does Primary Residential Mortgage rank for age & gender diversity?
Gender ratio at Primary Residential Mortgage: 55.5% Male and 44.5% Female. Age ratio at Primary Residential Mortgage: 16-20: 0%, 21-30: 30%, 31-40: 28%, 41-50: 23%, 51-60: 13%, 60+: 6%. Primary Residential Mortgage rates - 1.5% more female than the industry average. Most Primary Residential Mortgage employees are 21-30, which is below the industry median age range.
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Career advancement

How does Primary Residential Mortgage rank for career advancement?
Career advancement at Primary Residential Mortgage: very low. Primary Residential Mortgage ranks very low for career advancement which is below the industry average.
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What companies do Primary Residential Mortgage employees go on to work at?
Future employers of Primary Residential Mortgage: Academy Mortgage, Cherry Creek Mortgage, CrossCountry Mortgage, Fairway Independent Mortgage, InterLinc Mortgage Services. People who work at Primary Residential Mortgage most typically go on to work for the Academy Mortgage.
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Academy Mortgage
Cherry Creek Mortgage
CrossCountry Mortgage
Fairway Independent Mortgage
InterLinc Mortgage Services

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Primary Residential Mortgage Reviews and Ratings

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Get the scoop on what others who have experience with Primary Residential Mortgage think of working there or join the conversation by leaving a review.
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Mortgage Loan Processor
Metairie, LA - March 28, 2022
No communication with Branch manager
5.0
Ratings
5
Professional growth
5
Salary & Benefits
5
Work-Life balance
5
Recognition & Support
5
Culture and Values
Started doing great, even turn down several jobs to come work for this branch, less than 6 month I was told that I would no longer be the processor (the job that I was offer) because all the files will be going to another branch to be process and I was demoted to only working partime and making a lot less than I was use to make. Still there because I want t keep up with all the changes in this business, don't want to be left no knowing all the changes.

Pros and Cons
Hours and salary keeps lowering with no advance notice
went from making 20hr to now 7.25 hr
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How do I match this company?

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Discussion about Primary Residential Mortgage

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Share your thoughts and ideas about Primary Residential Mortgage with others in our community.
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What’s the gender distribution at Primary Residential Mortgage?
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Benjamin Gardner3 years ago
44.5% female, 55.5% male.
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What year was Primary Residential Mortgage founded?
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Sophie Hayes3 years ago
1998.
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What industry does Primary Residential Mortgage fall under?
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Benjamin Gardner3 years ago
Accounting/Finance.
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What is the headquarters of Primary Residential Mortgage?
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Isabella Holmes3 years ago
The headquarters of Primary Residential Mortgage is Salt Lake City, UT.
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What’s Primary Residential Mortgage’s yearly revenue?
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Isabella Holmes3 years ago
$100m to $500m
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Who is the CEO of Primary Residential Mortgage?
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Liam Brown3 years ago
Dave Zitting.
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What’s the average length of tenure at Primary Residential Mortgage?
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Benjamin Gardner3 years ago
Typically 4-8 year(s).
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what kind of companies did Primary Residential Mortgage employees work for?
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Sophie Hayes3 years ago
Large companies before Primary Residential Mortgage.
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what are the chances of career advancement at Primary Residential Mortgage?
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Liam Brown3 years ago
very low.
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where do employees go to work after leaving Primary Residential Mortgage?
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Benjamin Gardner3 years ago
Most went to work for one of these companies: Academy Mortgage, Cherry Creek Mortgage, CrossCountry Mortgage, Fairway Independent Mortgage, InterLinc Mortgage Services, LoanStar Home Lending, Movement Mortgage, VIP Mortgage Inc
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Who are the top previous employers of Primary Residential Mortgage employees?
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Isabella Holmes3 years ago
Academy Mortgage, Bank of America, Caliber Home Loans, Castle & Cooke Mortgage, Fairway Independent Mortgage, Guild Mortgage, Wells Fargo, Wells Fargo Home Mortgage.
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How old are Primary Residential Mortgage’s employees in general?
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Isabella Holmes3 years ago
21-30, 31-40.
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What kind of degree do you need to work at Primary Residential Mortgage?
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Sophie Hayes3 years ago
typically one of the followings No higher education, Bachelor of Science
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What is the mission of Primary Residential Mortgage?
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Benjamin Gardner3 years ago
"Our mission is to be a nationally respected, locally known home loan company whose purpose is to finance your homeownership goals through a positive and personal experience.".
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Productive and fun place to work I highly suggest to freshers must apply there
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10 months ago
Provides job training and continuing educational. Management is focused on providing a professional workplace.
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10 months ago
Great place to cooperate between departments and teams.🥰
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There is work/life balance. You are not micro-managed. You generally feel valued and appreciated.❤
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9 months ago
I love working for primary. They pay really good an really care for there employees.🧡
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9 months ago
An incredible opportunity for the person who is self-driven and knows how to manage both customers and a team
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On average how many hours do you work a day ?
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10 months ago
Average working hours are 8hrs daily
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10 months ago
30-40 hours weekly and 6-8hrs per day🥰
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What's the overall at,mosphere of firm?
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10 months ago
The corporate offices were great! Everyone there is very professional and supportive😇
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10 months ago
Flexibility at this company is good. However advancement specifically in relation to pay/compensation is near impossible with various managers and leaders
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How's the work ife balance?
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10 months ago
Corporate office is very involved in individual branches as well!😊
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10 months ago
worklife balance is easy to maintain.🤩
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What are the perks of choosing this firm?
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9 months ago
There's a decent amount of variety.🤩
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9 months ago
Overall great benefits. 401K and health coverage is pretty standard.
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Amazing Company and Team of Professionals
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8 months ago
I liked working there and would go again. Sometimes felt undervalued.
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8 months ago
I’ve worked for this company for almost a year now I left for 2 months due to some personal issues
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I heard wage raise is based on performance.
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9 months ago
Only received a raise one time
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9 months ago
Seldom. Based on opinion of management rather than the work done😇
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How do you feel about going to work each day?
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9 months ago
The company as a whole treated their people very well and I felt like their business plan was a sound one.😊
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9 months ago
It's great if you're just starting out in mortgage😇
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What's the vacation policy?
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9 months ago
You can taketime off.😖
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9 months ago
PTO policy is great 😅
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Whats the medical insurance?
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9 months ago
I hear from other employees it is too expensive.
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9 months ago
Health insurance is provided by them
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Are you able to advance while working with them?
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9 months ago
no matter what hard work always pays off :)
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9 months ago
Great support from direct manager and peers to grow
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Are coworkers helping?
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9 months ago
Team gives a great advantage to accelerate funding of files. This team goes above and beyond to make homeowning dreams come true.😃
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9 months ago
It all depends on the branch management😊
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Does they offer 401k plan?
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10 months ago
Yes they do offer 401k plan😎
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10 months ago
401k plan is offered by them
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How would you describe the pace of work?
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9 months ago
Very pleasant work atmosphere. We had our busy and slow period time of the year.🤩
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9 months ago
Its fast pace in the beginning of the day, but it slows down within the afternoon. Everything is super easy.
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Isabella Holmes Career Advocate
Isabella Holmes
Career Advocate
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