ATLANTA, Jan. 19, 2017 /PRNewswire/ -- Primary Capital Mortgage, LLC ("PCM"), a leading residential mortgage lender, announced today that it has achieved 52% year-over-year growth in production volume, making 2016 a record year in closed loan volume for the company. For the full year 2016, PCM's closed loan volume reached $1.93 billion. The company's 2016 growth builds upon an impressive 207% growth in 2015, and is significantly larger than the overall industry growth rate of roughly 10%.
"We are incredibly pleased with the growth PCM has achieved in 2016," said Steve Bledsoe, Chief Financial Officer at Primary Capital Mortgage. "From my perspective, one of the most exciting aspects of this report is that we achieved this record volume by focusing on purchase mortgages and through consistently high volume throughout the year, not only during the peak spring and summer months. Our December volume was up more than 40% over December 2015."
PCM leadership is focused on sustaining the company's growth throughout 2017. Anchored by the company's commitment to serve its clients, PCM will continue to recruit and retain exceptional talent, implement new technologies and enhance the buyer experience.
"PCM achieved a number of important milestones in 2016," said Primary Capital Mortgage Chief Executive Officer Anthony Coniglio. "Thank you to our clients for trusting us with your business. We will continue to work hard to earn that trust every day. I also want to thank our PCM family for their hard work and dedication. We look forward to building upon our momentum for a successful 2017."
About Primary Capital Mortgage
Primary Capital Mortgage, LLC is a residential mortgage origination and servicing company with wholesale, correspondent and consumer-direct channels. PCM was founded in 1994 and is now licensed in over 40 states. For more information, visit primarycapital.com, email: firstname.lastname@example.org or call (877) 690-1270. NMLS ID #3076.
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SOURCE Primary Capital Mortgage, LLC