ALAMO, CALIFORNIA—RPM Mortgage, Inc. (RPM) announced that it has, once again, been given the Standard & Poor’s (S&P) Rating Services high ranking of Above Average in all categories as a U.S. Residential Mortgage Originator. RPM is the one and only privately owned U.S. Residential Mortgage Originator to have earned this ranking in all categories.
On June 16 S&P reported “The overall ABOVE AVERAGE ranking reflects our ABOVE AVERAGE quantitative subranking of the historical loan performance and our ABOVE AVERAGE qualitative subranking of the loan origination and underwriting process.”
S&P reports RPM’s notable strengths include a knowledgeable and experienced management team, a well-established retail underwriting model, conservative underwriting practices, strong appraisal valuation and origination standards, a closely monitored operating structure with effective external and internal quality control checks, and above-average historical loan performance.
In 2013, RPM Mortgage loan originators closed over a total loan volume of $5.9 billion. From 2012 to 2013, RPM Mortgage’s rate of change in originations was 50% better than the industry average (per the MBA).
RPM Mortgage, Inc., based in Alamo, California, is a private mortgage lender. Since 1986, RPM has used financial strength, knowledge, and a community focus to become one of the most trusted mortgage lenders in the industry. RPM works with borrowers, real estate agents, CPAs, financial planners, attorneys and financial consultants to provide homebuyers and owners with the best mortgage solutions in the market today. RPM is a retail only lender and a direct seller and servicer of Fannie Mae loans. RPM’s loan advisors are specially trained to offer jumbo, conventional, FHA and VA loan programs to their customers. RPM has more than 70 branches and 750 loan agents and employees. RPM is licensed to lend in Arizona, California, Nevada, Texas, Colorado, Oregon and Washington. For more information, please visit https://www.rpm-mtg.com, call 925-295-9300, or follow @RPMMortgage.