Summary: Kevin Peranio reflects on his career progression in the mortgage banking sector beginning in 2001. Peranio discusses his work at First Magnus Financial in both Texas and Florida, and analyzes how the two markets differed in the context of the changing landscape of mortgage lending, touching on the impacts of legislation like the Community Reinvestment Act, the rise of independent mortgage bankers, and the expansion of the “credit box” in the mid-2000s. Peranio dissects the mix of factors he believes contributed to the global financial crisis such as the roles played by predatory lending, consumer behavior, Wall Street business practices, and legislation. He concludes by discussing his transition to a local lender, North Star Lending, including how he and his colleagues built up the firm by leveraging lessons learned post-crisis.
The Chief Lending Officer for PRMG (Paramount Residential Mortgage Group), Kevin Peranio oversees every facet of PRMG’s loan process, with a focus on customer satisfaction and quality control. Prior to this role, Mr. Peranio served as a Regional Manager at First Magnus Financial from 2001 to 2007, and then as the Chief Operating Officer at North Star Lending from 2007 to 2010. Mr. Peranio received a Bachelor’s of Science in Advertising Business from the University of Texas at Austin.
This article discusses the change in the FHFA’s policy and how homeowners will be affected, particularly those with the lowest home values. The article also discusses the cash-out refinancing landscape and its implications on consumers and mortgage lenders.
This article discusses Peranio’s conversation with Mortgage Leadership Outlook Series’s host Andrew Berman, head of engagement and outreach for National Mortgage Professional Magazine, to discuss the challenges that the mortgage industry is currently facing due to the COVID-19 pandemic.
This article is a press release announcing Peranio’s conversation with series’ host Andrew Berman, head of engagement and outreach for National Mortgage Professional Magazine, to discuss the challenges that the mortgage industry is currently facing due to the COVID-19 pandemic and more.