Skip to main content

PRMG Names Bill Johnson New CFO
Jun 01, 2016
Paramount Residential Mortgage Group Inc. (PRMG) has announced the hiring of Gary Malis as senior partner and chief strategy and capital markets officer

Paramount Residential Mortgage Group (PRMG) has announced the hiring of its new chief financial officer, Bill Johnson, who brings more than 25 years of experience in both the mortgage finance and real estate industries to his new role. Johnson’s expertise in the areas of financial reporting, treasury management, warehouse management, forecasting and budgeting led him to holding various executive positions throughout his career, including vice president of finance at Paramount Equity Mortgage and CFO at Pacific Capital Mortgage. Most recently, Bill was the CFO for Pinnacle Capital Mortgage | Finance of America—a Blackstone Company, where, along with the executive team, he helped the company increase their annual production volume from $3 billion to $9 billion.

In his new role with PRMG, Johnson will be responsible for overseeing several departments, including accounting, payroll, human resources, post-closing, warehouse lines and loan servicing. Part of his primary focus will be to advance the integration of automation as it relates to accounting software.

“It is never easy to say ‘goodbye,’ especially when it is a long-time friend and former colleague such as our CFO, Bill Beauchamp” said PRMG CEO Paul Rozo. "While we regret having to say farewell to our dear friend and colleague, we are equally excited about the hiring of Bill Johnson and welcoming him to the senior executive leadership team. Bill brings with him a tremendous amount experience and has held executive leadership roles during most of his career. In alignment with our company vision and motto ‘Progress Is Not Possible Without Change,' we are confident that Bill will be highly instrumental in implementing new and innovative ideas that speak to change. Not only will he hit the ground running, but he will be responsible for the entire finance department with hands on leadership that further enhance a symbiotic flow between all the departments he will be overseeing."

Mortgage Lenders Expect Profit Margins To Shrink

69% of lenders believe profit margins will decrease in the months ahead, while 19% believe profits will remain the same, and 11% believe profits will increase.

Industry News
Jun 14, 2021
Real Estate Industry Calls To End Eviction Moratorium On June 30, 2021

Expanding the moratorium will only increase levels of debt on renter households and impede the recovery of the housing sector.

Industry News
Jun 14, 2021
Fifth Third Bank Expands Down Payment Assistance Program

The program will provide up to $3,600 towards a down payment for families with low to moderate income.

Industry News
Jun 09, 2021
Filo Mortgage Launches Low-Rate Guarantee

National mortgage lender Filo Mortgage is offering to beat competitors' pricing by $1,000 with its Low-Rate Guarantee.

Industry News
Jun 08, 2021
FAU Index Shows Where Consumers Should Buy Or Rent

Consumers are better off renting in cities like Dallas, Texas

Industry News
Jun 07, 2021
Verus Title Inc. Expands Into Dallas-Fort Worth Texas

Verus plans to take advantage of the Dallas-Fort Worth market before expanding throughout the state.

Jun 07, 2021