All lenders realize that the market is changing. Lenders are looking for new ways to serve new borrowers. For example, Paramount Residential Mortgage Group, Inc. (PRMG) rolls out their PRMG Plus Down Payment Protection program.
Where title insurance, private mortgage insurance and homeowner’s insurance each make lending more secure for the lenders, and PRMG Plus covers borrowers regardless of what happens in the housing market.
“PRMG understands that buying a home can be a big step for any borrower and that it takes a long time for a borrower to accumulate the necessary down payment to buy a home. As such, we are pleased to be able to offer PRMG +Plus to them. This is just one more way PRMG looks out for our borrowers, by providing them with the option to protect their initial down payment should they not be able to recoup it when they sell. This option gives them peace of mind as they invest into their new home, knowing that their down payment is safe, regardless of what happens in the housing market,” said Lara Rausch, PRMG vice president of products and training.
Lending in 47 states and a Fannie Mae and Ginnie Mae seller/servicer, PRMG has a diverse portfolio of mortgage products to meet all of its client’s needs. The lender has more than 138 branches across the U.S. with seasoned licensed loan officers waiting to help all clients feel at ease when making one of the most important financial decisions of their lives.
“PRMG is committed to delivering innovative products that build customer confidence, no matter how volatile the market. This is an important time for homebuyers who want to buy a home as well as the industry as we continue to regain our footing from the market shake up. We are proud to partner with a company that is a part of the new landscape and has industry-leading customer service,” said Joe Melendez, CEO and founder of ValueInsured, which provides +Plus Down Payment Protection.
About The Author
Tony Garritano is chairman and founder at PROGRESS in Lending Association. As a speaker Tony has worked hard to inform executives about how technology should be a tool used to further business objectives. For over 10 years he has worked as a journalist, researcher and speaker in the mortgage technology space. Starting this association was the next step for someone like Tony, who has dedicated his career to providing mortgage executives with the information needed to make informed technology decisions. He can be reached via e-mail at firstname.lastname@example.org.