Prime Direct is a delegated correspondent lending product tailored for well-qualified mortgage banks. It offers a streamlined underwriting review process along with highly competitive adjustable-rate mortgage (ARM) pricing.
Prime Direct’s main benefits are its efficiency and pricing. PRMI conducts a streamlined review of the correspondent’s underwriting and compliance, reducing friction in the process. Additionally, the product features highly competitive rates.
Homelend is a proprietary platform used for the submission, review, and purchase of loans. It features a modern, user-friendly interface and incorporates a high level of security to ensure a seamless and protected experience.
PRMI Trust typically purchases loans within 3-5 business days. This efficient turnaround time enables correspondents to effectively manage their warehouse lines.
