CORONA, CA -- (Marketwire) -- 05/07/09 -- Paramount Residential Mortgage Group Inc. (PRMG), a national retail and wholesale mortgage banker, announced that it has relocated its headquarters to a 22,000 square foot state-of-the-art facility to accommodate rapid growth. PRMG has already increased its workforce by more than 50% in 2009 and has plans to continue hiring throughout the year. The new building is one of many strategic steps taken to develop the company into one of the industry's preeminent direct lenders in the country. The transaction is one of the largest in California's Inland Empire.

"From so many different perspectives, this move represents a major step forward for PRMG," said Paul Rozo, CEO of Paramount Residential Mortgage Group Inc. "We've had a great deal of success recently and our volume has grown at an impressive rate. I attribute this success to the leadership of our senior executive team, the fact that we hire only top industry professionals across the board, the unwavering drive and dedication of our employees, and our commitment to deliver quality loans that exceed the standards and expectations of today's unforgiving secondary market."

PRMG's move allows the company to centralize and scale operations, production, fulfillment, secondary marketing and interim servicing. Company officials say the move will allow for the expansion of its California-based corporate workforce to exceed more than 50% of its current capacity. PRMG has now opened a total of fourteen branches in seven states and plans to continue expanding with an unyielding commitment to build an extremely strong, well respected retail channel. The mortgage banker currently employs over 300 employees and is on target to fund more than 2.5 billion this year.

Rozo added: "Our leadership team is a strong believer that the key to enjoying continued growth and a sustainable competitive advantage is a function of our greatest asset -- PRMG's valued employees. Our staff takes a great deal of pride in the work they do and nothing inspires teamwork, innovation and synergy more than bringing our staff together at a beautiful state-of-the-art facility. This new building facilitates close collaboration and provides us with the flexibility and space to scale and carry out our expansion plans for years to come. PRMG is realizing an enviable rate of growth, which required us to incorporate the necessary processes, infrastructure, people, technology and building blocks to allow us to remain focused on customer satisfaction and loan quality while operating in a hyper-growth mode. We're already in negotiations to take over two additional floors as well as placing our name on the building."

PRMG employees are not only working more closely, they're doing so in facilities that include innovative amenities. Some of the facility enhancements:

--  A large executive-style board room with state-of-the-art technology

--  Multiple conference rooms for simultaneous meeting and planning
    sessions for different departments to work together.

--  Think room/tank to inspire brainstorming

--  100 person training room to facilitate group learning for newly hired
    account executives, loan officers, branch managers and support personnel.

--  An amenity rich kitchen and lounge area for employees, clients,
    partners and guests that includes several plasma TVs, a game room, and a
    quiet area.


    The company's new address is:
    Paramount Residential Mortgage Group Inc.
    1265 Corona Pointe Court, 3rd Floor
    Corona, California 92879
    (951) 278-0000
    

About PRMG

Headquartered in Corona, California, Paramount Residential Mortgage Group (PRMG) has been a leader in the lending industry since 2001. Upon opening its doors more than seven years ago, the company had a staff of three with a vision to establish and grow a mortgage banking entity that is "Built By Originators For Originators." As of the start of 2009, PRMG now has over 300 employees in fourteen branches throughout the Western United States.

PRMG is a dynamic company known for its casual, yet professional, team-oriented work environment. PRMG offers employees leading-edge technology to assist in doing their jobs easier, faster and smarter. As an established mortgage banker, PRMG hires only seasoned, consultative loan officers that are focused on working with borrowers to arrive at the best solution for their specific needs. The lender provides opportunities for career growth and advancement to employees at all levels. In addition, PRMG offers excellent benefits and competitive compensation structures. PRMG's employees enjoy the best the Southland has to offer. Bordering Orange County, the Inland Empire corporate location is in close proximity Los Angeles, San Diego and Palm Desert where you can enjoy theatre, fine dining and exciting night life. The geographically desirable location is also in close proximity to mountains, rivers, lakes, and the beautiful Pacific Ocean. Whatever your pleasure, from snow skiing to sailing, PRMG's central location offers access to a variety of activities and a business community hot bed. PRMG prides itself on delivering excellence in service to consumers, offering employees the tools and work environment to succeed, and originating quality loans for sell to the secondary market. For more information, visit the company's website at www.prmg.net, or contact the company at 951-278-0000.

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