PR Mortgage & Investments Announces Top Lender Rankings for 2015
December 1, 2015
(Carmel, IN) PR Mortgage & Investments, an industry leading mortgage banking firm specializing in financing multifamily housing and health care facilities throughout the Midwest, is proud to announce Fiscal Year 2015 HUD Lender Rankings for the period ended September 30, 2015. PR Mortgage closed 64 loans that represented 9,397 housing units for a total volume of $534 million. These production totals have once again earned us top five ranking nationally for Fiscal Year 2015 as follows:
- Number of Loans Closed: #5
- Number of Units: #5
PR Mortgage & Investments also continues to be an industry leader in loan servicing. We are committed to “service what we sell” with a $4.3 billion servicing portfolio as of September 30, 2015.
“I am very proud of our team at PR Mortgage for being one of the nation’s leading FHA Multifamily lenders once again. We take pride in our consistent new loan production nationwide over the last 5 years and our continued service on the asset management side. PR Mortgage also originates multifamily loans for its parent company, Merchants Bank of Indiana, and total production in 2015 with this particular product is at record levels. Most of these loans will be refinanced next year with PR Mortgage so the pipeline is very strong heading into 2016. We would like to thank our loyal customers and realize our success is shared with them.”
~ Michael R. Dury, Senior Vice President & Chief Operating Officer