Primary Residential Mortgage (PRMI)’s Steven J. Sless Group, the lender’s consumer-direct retail branch focused solely on reverse mortgages in Owings Mills, Md., has added reverse mortgage industry veteran Sam Millman as a loan originator in its Maryland office, RMD has learned.
Millman, who has upwards of 20 years of experience in the mortgage industry, previously served as a loan originator with Universal Lending Corp. before launching and running a profitable mortgage brokerage firm with U.S. Funding Corporation. He spent the next seven years as a mortgage broker with Home Point Financial and 1st MD Mortgage Corporation, working with Sless and several members of his team to earn a designation as the top volume producer each year.
The last decade has seen Millman dedicate himself exclusively to the education of the senior demographic and the origination of reverse mortgages.
“It is a privilege helping and educating homeowners to achieve a better retirement through home
equity,” Millman said in an announcement of his hiring. “I look forward to changing the conversation about reverse mortgages through the Sless Group’s progressive use of video and social media, and helping them become a top 10 national reverse lender.”
Division President Steven Sless also related excitement at the prospect of reuniting with Millman as PRMI endeavors to expand its footprint in the reverse mortgage space.
“We are thrilled to reunite with Sam, a long-time colleague with a proven track record as a top producer and industry leader,” said Sless. “We are confident Sam will help us to better serve and expand our base of clients and strategic partners.”
Recently, the Sless Group announced an expansion resulting in the creation of a new branch based in San Diego, Calif., led by new division manager Christina Harmes Hika. The group also launched a new reverse mortgage video series in early 2021 through popular video sharing website YouTube.
The Sless Group also recently announced a new affinity partnership with the Institute for Divorce Financial Analysts (IDFA) – an organization which provides specialized training to accounting, financial and legal professionals in the field of pre-divorce financial planning – designed to educate IDFA certified professionals on ways in which a reverse mortgage could be of potential use to senior clients.
According to loan data compiled by Reverse Market Insight (RMI), PRMI is currently ranked as the 22nd largest reverse mortgage lender in the country based on broken out wholesale and retail endorsement data in the 12-month period ending in February, 2021.
Editor’s note: This story has been revised to include 12-month endorsement data for the period ending February 2021, as detailed in RMI’s HECM Originators report.