Paramount Residential Mortgage Group (PRMG) has announced the hiring of Rory Shannon as new retail sales manager for the firm's Southern California territory. Shannon, formerly with Wells Fargo Home Mortgage, brings more than 25 years of mortgage banking experience to PRMG’s retail division.
During his career, Rory has held positions with various lenders including American Home Mortgage, as district manager and vice president, where he managed sales and operations for several branches. As a regional VP for Wells Fargo Home Mortgage, Rory helped rebuild the California territory, taking it from an unprofitable region with little or no team attitude to a profitable region with a strong sense of team and company pride. He has also worked for Directors Mortgage where he was instrumental in initiating the FNMA REO account that produced approximately $150 million in annual funding during a rather depressed California real estate market in the 1990s.
Rory will be stationed out of the PRMG Ontario, Calif. office, where he will be responsible for overseeing the southern California retail sales division, hiring of loan originators and leveraging his relationships in an effort to grow and serve the southern California marketplace. Rory will be reporting directly to Phil Deol, EVP of production.
“We are very pleased to have someone of Rory’s’ caliber here with us at PRMG,” said Deol. “Initially, Rory will be focused on helping our retail branches trouble shoot and resolve production issues as they may arise. He will also be available to meet face to face with our retail branch managers and their sales teams in an effort to provide training and a positive course of action to help them meet their goals and objectives.”
