Primary Residential Mortgage

  www.primaryresidentialmortgage.com
  www.primaryresidentialmortgage.com
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Primary Residential Mortgage Reviews

Updated August 8, 2014
Updated August 8, 2014
26 Reviews
3.8
26 Reviews
Rating Trends

Recommend to a friend
Approve of CEO
Primary Residential Mortgage President & CEO Dave Zitting
Dave Zitting
17 Ratings

Employee Reviews

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  1.  

    compliance

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Anonymous Employee
    Current Employee - Anonymous Employee

    I have been working at Primary Residential Mortgage full-time for more than a year

    Pros

    your opinions get considered, everyone is important

    Cons

    The salaries could be better

    Recommends
    Positive Outlook
    Approves of CEO
  2.  

    Poor underwriting process

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Primary Residential Mortgage full-time

    Pros

    Offers a fairly extensive variety of loans.

    Cons

    A clean file can take in excess of 30 days to get cleared to close.

    Advice to ManagementAdvice

    Allow underwriters to use common sense when underwriting a file!

    Doesn't Recommend
    Negative Outlook
  3.  

    Great small office feel with big company support

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - MOrtgage Loan Originator  in  Seattle, WA
    Current Employee - MOrtgage Loan Originator in Seattle, WA

    I have been working at Primary Residential Mortgage full-time for more than a year

    Pros

    Big company that is on top of compliance, which is huge deal in the mortgage industry. Efficient systems to manage pipelines

    Cons

    For such a big company, they lack in marketing and brand awareness. Relatively unknown in mortgage industry for the amount of production.

    Recommends
    Positive Outlook
    Approves of CEO
  4. We want your feedback – Are these company reviews helpful to you?  Yes | No
  5.  

    Solid

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Officer  in  Towson, MD
    Current Employee - Loan Officer in Towson, MD

    I have been working at Primary Residential Mortgage full-time for more than 3 years

    Pros

    Large national company with local roots.

    Cons

    Interest rates tend to be an 1/8+ higher than the competition

    Advice to ManagementAdvice

    We should have better rates now that we are servicing a majority of our loans. Focus on giving the customer better rates which will allow for more business for the LO and happier clients.

    Recommends
    Positive Outlook
    Approves of CEO
  6.  

    PRMI is a great company. Success comes from having a team of like hearted and like minded people.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Loan Officer  in  Celebration, FL
    Former Employee - Loan Officer in Celebration, FL

    I worked at Primary Residential Mortgage full-time for more than a year

    Pros

    Great Teamwork and Operations. Communication and training is excellent. PRMI as a whole keeps all of us protected by being on top of all the changes in the industry and ensures we all keep our standards above the rest. PRMI raises the Bar! Definitely a plus to be part of the Dionne Group in CT who give us LO's all the support we need to be successful.

    Cons

    Need to obtain a Foreign National Product

    Advice to ManagementAdvice

    Foreign National Product.

    Recommends
    Positive Outlook
    Approves of CEO
  7.  

    Most Toxic Work Environment I Have Seen

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Corporate Office Employee  in  Salt Lake City, UT
    Former Employee - Corporate Office Employee in Salt Lake City, UT

    I worked at Primary Residential Mortgage full-time

    Pros

    Work with some nice people
    Opportunity to gain experience

    Cons

    Nepotism -- hiring unqualified family and friends into positions of power
    Harassment -- sexual and personal harassment; daily bullying is a problem
    Poor wages -- severely underpaid and under-appreciated with minimal raises
    Poor job security -- track record of several layoffs, feared for my job
    Non-transparent environment -- not transparent with employees and Branch partners
    HR does not act fully on complaints -- slap on the wrists or just watching problems happen
    Unprofessional/toxic working environment -- hostile and vulgar work environment

    Advice to ManagementAdvice

    Address bullying, nepotism, and transparency issues

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  8.  

    If you enjoy working for idiot & narcissist, PRMI is perfect for you.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Management  in  Salt Lake City, UT
    Former Employee - Management in Salt Lake City, UT

    I worked at Primary Residential Mortgage full-time for less than a year

    Pros

    The other employees share your pain & a bond is created that gets you through the day

    Cons

    Professionals punching a time clock? Come on!!! Being the Director of a department and being told "not to think" by the owner. Unbelievable! The worst employment decision of my life!

    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO
  9. 1 person found this helpful  

    My experience with the company was one of frustration.

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Underwriter  in  Atlanta, GA
    Former Employee - Underwriter in Atlanta, GA

    I worked at Primary Residential Mortgage full-time for less than a year

    Pros

    Money-remote-ot when allowed-friendly-work with branches

    Cons

    Respa and Compliance should not have been made the underwriters responsibility. This should have been completed by a separate department. The challanges of the outdated system and Compliance underwrite made it nearly impossible to meet the daily quota.

    Advice to ManagementAdvice

    The system must be updated to today's needs and compliance should be completely seperate from the underwriters.

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
  10.  

    great training ground, good first job

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Former Employee - Analyst  in  Salt Lake City, UT
    Former Employee - Analyst in Salt Lake City, UT

    I worked at Primary Residential Mortgage full-time for more than 5 years

    Pros

    job security. if show up you basically have a job for as long as you want

    Cons

    nepotism, frequent and long work hours. badly structured bonus system

    Advice to ManagementAdvice

    reward those who work hard.

    Doesn't Recommend
    Positive Outlook
    No opinion of CEO
  11.  

    Current Employee-Very Satisfied With Direction Of Company

    • Comp & Benefits
    • Work/Life Balance
    • Senior Management
    • Culture & Values
    • Career Opportunities
    Current Employee - Loan Officer  in  Manchester, CT
    Current Employee - Loan Officer in Manchester, CT

    I have been working at Primary Residential Mortgage full-time for more than 3 years

    Pros

    Great business model to succeed in with management that recognize and appreciate that those out in the field are responsible for a huge part of the company's success. Corporate allows the people in the field to do what they do best-originate and close loans. Human Resources, Investor Relations, and Compliance all are handled by corporate which is huge in the present day environment.

    Cons

    Pricing can be slow to correct when there is a large market change. Most competitor's rates come back to normal faster than ours do.

    Advice to ManagementAdvice

    Keep doing what you are doing (going to DC). Providing feedback to HUD about our industry is necessary and so important. Relaying what is coming down the pike and taking the necessary steps to make the best of what uninformed bureaucrats are dictating to us is vitally important to our success.

    Recommends
    Neutral Outlook
    Approves of CEO

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