PRMG Wholesale Lending

PRMG Wholesale Lending: wholesale mortgage loans for brokers and correspondents

PRMG Wholesale Lending is the wholesale origination division of Paramount Residential Mortgage Group, Inc. (PRMG), focused on third-party originators (TPOs) and correspondent lenders. The company presents itself as one of the leading wholesale lenders in the United States and has more than twenty years of experience in this segment, according to its own communications.

Its offering is built around the LEO technology platform, a loan origination software that centralizes tools, pricing, and automation for TPO partners. LEO aims to simplify the workflow, streamline communication with the lender, and reduce closing times.

Products and programs for third-party originators

The company offers solutions designed for two profiles: the third-party originator looking to expand operations and the correspondent lender that needs greater control at reduced costs. Among the featured programs is the emerging banker program with non-delegated correspondent options and a delegated correspondent platform.

The catalog includes a wide range of loan products, competitive pricing, and a PPE solution (likely pricing and product engine) integrated into LEO. The company emphasizes its commitment to delivering high-quality performing loans and high performance.

Fast Pass Approval: early access for new brokers

PRMG Wholesale has a program called Fast Pass Approval, aimed exclusively at new brokers. It allows submitting a partial application, without the full broker package upfront, and gaining early access to LEO. While approval is pending, the broker can submit loans, order appraisals, disclose information, and move through the underwriting process.

This program requires a recommendation from an Account Executive (AE) and does not apply to deactivated or renewing TPO accounts. PRMG does not send closing documents or fund any loan until full approval has been completed in Partner 360 Alliance.

LEO: the loan origination platform

LEO is PRMG's central tool for wholesale origination. It provides TPO partners with access to tools, pricing, and automation, with simplified workflows and automated processes. The platform allows brokers to navigate the complexity of the wholesale process, automate key tasks, and streamline communication with the lender to close loans faster.

Access to LEO is via a dedicated login, and the company offers live training and real-time support, including professional assistance for the borrower's electronic signing (eSigning) process.

Support structure and account management

The company assigns each account an experienced Account Executive from the outset, backed by a team of dedicated Account Managers who provide ongoing guidance and responsive service. The TPO concierge team provides personalized assistance, innovative tools, and competitive products, with support via Zoom and live training sessions.

In the compliance phase, PRMG offers clear and quick pre-underwriting requirements, Condo Project Manager reviews before underwriting, direct access to underwriters, and an early CD (Closing Disclosure) process at conditional approval.

Coverage and licenses

PRMG Wholesale operates with nationwide coverage in the United States. The company details specific state licenses, including Arizona mortgage banker license No. 910387, the California Department of Financial Protection and Innovation license under the Residential Mortgage Lending Act, the New Jersey Department of Banking and Insurance license, Ohio license No. RM.804171.000, and the Rhode Island lender license. Its NMLS identifier is 75243.

The site notes that it is not authorized by the New York State Department of Financial Services and cannot facilitate mortgage application activities or loan applications for properties located in that state. The company declares itself an Equal Housing Opportunity lender.

Informational content: KP Talks Dollars and Sense

The company produces the weekly podcast KP Talks Dollars and Sense, hosted by Kevin Peranio, owner and C-level executive with more than twenty years of experience in finance. The program covers financial literacy and updates on housing, finance, and real estate. The show itself states that it does not constitute personalized financial, tax, investment, or legal advice.

Location and contact

1265 Corona Pointe Court, Suite 301, Corona, CA. 92879 · Phone: 866-776-4937 · Email: corporateoffice@prmg.net