PRMG opens new retail branch in California

Mortgage veteran to oversee the new location and help grow presence in new areas

PRMG opens new retail branch in California

Paramount Residential Mortgage Group (PRMG) has expanded its footprint on the West Coast by establishing a new retail branch in Corona, Calif.

The new satellite branch will be led by area manager Martin Sanelli (pictured), who brings 27 years of mortgage industry experience. He will report to regional manager Stan Bergum, working closely with Chris Sorensen, senior vice president and director of national retail production at PRMG.

Before joining PRMG, Sanelli spent nearly six years at Finance of America Mortgage, most recently serving as regional area manager. He has held similar positions at Skyline Home Loans, Prospect Mortgage, Alaska Federal Credit Union, and PNC Mortgage.

“Martin has found so much joy in those who have crossed his path in the mortgage business,” the company said in its press release. “As an area manager for PRMG, he’s excited about the opportunity to help establish new areas and grow the market in the Northwest.

PRMG, which also offers non-agency mortgage options, launched a non-qualified mortgage (non-QM) offering for cannabis industry workers earlier this year. The non-QM offering aims to “open the door to an underserved population,” according to Paul Jones, director of non-QM business development at PRMG.

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