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Primary Residential Mortgage Inc. (PRMI) has announced that it would strengthen its underwriting process by enrolling their employees into the Certified Residential Underwriter Designation program (CRU) operated by the Mortgage Bankers Association (MBA). This program will advance the underwriter’s processes and efficiencies to create a smoother, quicker and more efficient loan process for all involved, and will help reduce error rates, increase productivity, and teaches how to make better, more informed loan file decisions.
“We are continuously looking for new opportunities and methods to improve the home loan process and working with the MBA was an easy decision on our part,” said Dave Zitting, CEO and president of PRMI. “We want to invest in our team members and their future and this program will provide them with the knowledge, tools and training courses to succeed.”
The MBA has worked with more than 500 underwriters nationwide since it began the CRU program in 2003. The progressive CRU curriculum establishes the standard for professional excellence and training in residential mortgage loan underwriting. Through the curriculum of this program, students learn tangible skills to increase accuracy in underwriting and risk management.
“PRMI has taken a strong leadership stand by enrolling its underwriters in the CRU designation program,” said Jeff Schummer, VP of Education Development at MBA. “This designation is the industry ‘seal of quality’ for underwriting loans, and we’re thrilled to work with PRMI on extending and enhancing its use at their company and within the industry in general.”
In addition, the CRU Designation is recognized by the Department of Veterans Affairs and will allow an underwriter to replace the requirement of the one year supervision with the successful completion of the CRU designation.