Former American Home Mortgage executives Frank Catalano and Debra Klosterman have entered into a divisional partnership with Salt Lake City-based Primary Residential Mortgage Inc. (PRMI). Having worked in the Illinois mortgage market for over 20 years, Catalano and Klosterman will continue serving Chicago-area markets under the name Integrus Lending Group.
Integrus officially opened its doors for business on March 14, 2008, with partners Angela Gentry, Gary Moore, Donna Bianco and Tony Piotrowski, also of the late American Home Mortgage.
‘Integrus Lending Group remains committed to providing the same outstanding mortgage experience for our borrowers,’ says Frank Catalano. ‘We're confident that operating as a division of PRMI will enhance that experience. The arrangement allows Integrus to focus on borrower relationships while PRMI provides a platform of financial and operational support.’
In the agreement, Integrus will have access to PRMI's support services (accounting, branch relations/training, compliance/licensing, human resources, information technology, marketing and quality control) and retail operation services (secondary marketing, underwriting/risk management, escrow, investor relations/purchasing and document control).
Integrus will operate out of an office in Elmhurst, Ill. Catalano and Klosterman have maintained their team of over 20 mortgage professionals, including loan officers, processors, production staff and administrators.