PRMI Expands Midwest Footprint

INDIANAPOLIS (Oct. 13, 2021) –Primary Residential Mortgage, Inc. (PRMI) has further expanded its reverse mortgage footprint with the hires of two reverse loan originators in its Indianapolis branch (8395 Keystone Crossing Suite 314, Indianapolis, IN 46240).

Gabrielle Welter (NMLS # 1849122) and Matthew Bowman (NMLS # 145356) are in place to educate homeowners 60+, their families and trusted advisors about reverse mortgages and the strategy of incorporating housing wealth in retirement planning. They regularly consult with financial planners, long-term care professionals and other advisers.

Bringing 11 years’ financial industry experience, Welter began her career in life and property insurance. She owned and operated an Allstate® insurance agency before moving to the reverse mortgage sector working at Fairway Independent Mortgage.

“A reverse mortgage when strategically implemented early on can be a powerful tool in maximizing the retirement portfolio,” said Welter, who resides in Indianapolis. “I am thrilled to join PRMI – a lender which shares the same beliefs that I do and has a fantastic platform in place to benefit the clients I wish to help.”

With 11 years’ management experience, Bowman has spent the past six years at Finance of America Reverse, where he consistently was a top producer.

“It’s amazing to help older homeowners achieve goals they have long thought were unreachable by accessing housing wealth with a reverse mortgage,” said Bowman, who resides in Noblesville. “By leveraging their home equity, they can pay for long-term care, fund home renovation and bolster their retirement nest egg.”

“We are very excited to welcome Matthew Bowman and Gabrielle Welter – two very talented reverse mortgage originators who bring the type of reverse lending knowledge and experience that will set us apart from other lenders,” said Midwest Division President Michael McClain. “Our commitment to helping more homeowners and buyers 60+ with additional mortgage options is real and growing.”

These two hires are part of a companywide focus at PRMI to succeed in the reverse mortgage space. In 2021, the company also designated The Steven J. Sless Group of Primary Residential Mortgage, Inc. as its dedicated reverse mortgage center to support PRMI’s branch partners nationwide.

“The reverse division here at PRMI continues to get stronger as our regional principals and stakeholders invest in top reverse mortgage talent,” said Division President Steven J. Sless, CLTC® (NMLS #298‌581). “Matthew Bowman and Gabrielle Welter will further strengthen our reverse footprint in the Midwest and play big roles in our organization becoming the top reverse lender in the nation.”

PRMI plans to hire experienced reverse mortgage professionals to work in existing branches or in reverse mortgage-exclusive branches opening throughout the country under The Sless Group umbrella. To better service clients, the company recently transitioned from brokering reverse mortgage loans to becoming a lender.

About PRMI
Primary Residential Mortgage, Inc. (PRMI) is a nationwide, multibillion-dollar operation cofounded in 1998. Its top leaders are authorities in the mortgage industry. With over 275 branches, licensed in 49 states and more than 2,300 employees, PRMI has been repeatedly recognized as a top mortgage lender and employer. For more information, call 800-255-2792, visit www.primaryresidentialmortgage.com or follow them on Twitter, Facebook, LinkedIn and Instagram. PRMI is and Equal Housing Lender. NMLS #3094.

Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act 4130403. Licensed by the Delaware State Bank Commissioner to engage in business in Delaware 5644 expires on 12/31/2019. DC-Department of Insurance, Securities and Banking Department MLB3094. Florida Office of Financial Regulation MLD646. Georgia Residential Mortgage Licensee. Georgia Department of Banking and Finance 6521. IN-Department of Financial Institutions Consumer Credit Division, First Lien License 11069 Secretary of State Securities Commission Second Lien License 103936. Maryland Department of Labor, Licensing and Regulation Commissioner of Financial Regulation #5511. New Jersey Department of Banking and Insurance. Pennsylvania Department of Banking and Securities. VA-Bureau of Financial Institutions: MC-2248 Broker MC-2248 NMLS # 3094 (http://nmlsconsumeraccess.org). WA-Department of Financial Institutions CL-3094.