SOURCE: Primary Residential Mortgage, Inc.

November 09, 2007 15:01 ET

Primary Residential Mortgage Opens Branch in Chandler, Arizona

SALT LAKE CITY, UT--(Marketwire - November 9, 2007) - Primary Residential Mortgage, Inc. (PRMI) has opened a new branch in Chandler, Arizona, bringing the company total to 165 branches nationwide. PRMI operates branches in 37 states, and the Chandler addition means that PRMI now has two branches serving that area and seven total in Arizona. Primary Residential Mortgage, Inc. does business in Arizona as PRMI, Inc. (FN).

Justin Elenburg is the branch manager for the new Chandler location.

"I partnered with PRMI because they provide an array of outstanding products that I can offer to my customers," says Elenburg. "Their extensive back-office support and state-of-the-art technology allow me to give full attention to my main priority -- my customers. I want to help my borrowers achieve the American dream, one homeowner at a time."

Elenburg is focusing his efforts on FHA loans and Section 184 loans, a mortgage product specifically for American Indian and Alaska Native families, tribes, or tribally designated housing entities. Section 184 financing allows borrowers a low down payment, no mortgage insurance, and flexible underwriting.

Originally from California, Elenburg has 5 years of experience in the mortgage industry. Prior to joining PRMI, Elenburg worked as a branch manager at Loan Emporium; as a loan officer at American Family Mortgage; and as a branch manager at Strategy Funding. He holds a bachelors degree in business management from Arizona State University and is a member of the Tempe Chamber of Commerce and the Arizona Small Business Association. Elenburg is also an Air Force veteran, having served in Operation Allied Force in Yugoslavia as an F-16 Avionics Safety Inspector.

Elenburg's branch is located at 908 W. Chandler Blvd., Bldg 5, Chandler, AZ, and he can be reached at 480-305-5968 or jelenburg@primeres.com.

ABOUT PRMI

Headquartered in Salt Lake City, Utah, Primary Residential Mortgage, Inc. (PRMI) was founded by Dave Zitting, Jeff Zitting, and Steve Chapman in 1998. Since its inception, PRMI has evolved from a four-person business to a nationwide multi-billion dollar operation with 800 employees working in over 150 branches. The company is licensed in 47 states. Branches operate under the PRMI brand or as DBAs as part of the Divisional Joint Venture and Consortium Partner programs. Serving all segments of the market, PRMI is a privately held, debt-free company that focuses primarily on traditional loan products.

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