PRMI Launches Enterprise Risk Management Group – NMP Skip to main content

PRMI Launches Enterprise Risk Management Group

Jan 18, 2012

Primary Residential Mortgage Inc. (PRMI) has announced the formation of a new Enterprise Risk Management (ERM) group. The creation of new ERM group demonstrates the company’s commitment to manage risk through the entire loan origination process and ensures that the company has the appropriate monitoring and evaluation policies. “Over the last couple years, the mortgage industry has been under intense scrutiny,” said Dave Zitting, president and chief executive officer of PRMI. “While the larger banks all have ERM departments, it’s uncommon for a company of our size to have one but we wanted to take aggressive steps to demonstrate to our customers, partners and employees our commitment to providing a safe and compliant mortgage experience.” Twenty-five year mortgage-banking industry veteran H. Burton Embry has been named senior vice president–Enterprise Risk Management and will be responsible for overseeing the compliance, licensing, quality control (QC), insuring, final docs and HMDA Departments for the company’s more than 190 nationwide offices and more than 850 mortgage loan originators.  “In today's mortgage environment, lenders must manage compliance and quality issues more closely than ever before,” said Embry. “By establishing this new group, we are implementing a solution that will sharpen our focus on complying with all mortgage banking laws and regulations, improve on our overall loan quality and help us to better manage risk across all areas of our company.” In addition to Burton’s promotion, Shelly Hill has been promoted to compliance director. Hill will be responsible for the day-to-day compliance activities of PRMI. Previously, Hill was PRMI’s state compliance manager, a position she’s held since April 2011.
About the author
Published
Jan 18, 2012
Closing Costs: What HUD’s Proposed Rule Will Really Do To The Market

HUD’s proposed rollback of housing protections could deepen barriers for underserved borrowers, shrink the pool of prospective homebuyers, and ultimately cost loan originators business

Aug 27, 2026
MISMO Gives Lenders A New Test For Mortgage AI Vendors

Two certifications move the industry’s FRAME initiative from governance guidance toward product-level validation and implementation

Aug 27, 2026
One Owner, Two GSEs: Would Fannie And Freddie Still Compete?

Oksenholt Capital says shared infrastructure could lower costs without weakening competition, but mortgage bankers have warned that common ownership could reduce lender choice, innovation, and market resilience

Aug 27, 2026
MaxClass: Education Meets Lead Generation

CEO Kelly Hendricks details how MaxClass and HomeQB are opening a new referral channel for originators

Fannie Mae Returns To Distressed-Loan Market With $214 Million Sale

The agency’s first nonperforming-loan offering in 13 months transfers 969 deeply delinquent mortgages to private buyers, including a small pool concentrated in Dallas-Fort Worth

Aug 20, 2026
Brief Refinance Shift Tests Mortgage Lenders’ Compliance Controls

Critical defect rate jumps 23.9% as math-based compliance findings expose the potential for one systemic error to affect loans across a lender’s book