Premier Nationwide Lending (PNL), established in 2002, was a full-service mortgage lender headquartered in Lewisville, Texas. The company specialized in providing a range of home loan products, including conventional loans, FHA, VA, USDA loans, and refinancing options, catering to homebuyers across 17 states. PNL was recognized for its commitment to customer service, flexibility in adapting to industry changes, and a team of professionals dedicated to delivering an extraordinary mortgage experience.
In December 2023, PNL ceased operations, and its branches were acquired by Lower, a mortgage company expanding its national footprint. This acquisition included the transition of PNL's employees, ranging from loan officers to branch managers, to Lower. As of February 29, 2024, PNL was no longer sponsoring any loan officers or maintaining active branches.
Prior to its closure, PNL operated over 30 offices nationwide and funded approximately $2 billion in mortgage loans annually. The company was known for its dynamic team and dedication to exceeding client expectations, as reflected in its mission statement: "We are a dynamic team of professionals dedicated to providing an extraordinary mortgage experience by exceeding client expectations one loan at a time."
PNL's leadership was headed by CEO Murdock Richard, who emphasized a culture of integrity and excellence within the organization. The company fostered a supportive work environment, offering flexible and remote work options, and was recognized as one of the Top 30 Best Mortgage Companies to Work For.
The mortgage industry is highly competitive, with key players such as Rocket Mortgage, New American Funding, Guild Mortgage, and loanDepot. These companies offer similar mortgage products and services, emphasizing customer satisfaction and technological innovation to streamline the lending process.
PNL's acquisition by Lower reflects a strategic move within the industry, as companies seek to expand their market presence and leverage synergies to enhance service offerings. Lower's commitment to growth was further highlighted by its acquisition of Thrive Mortgage and the addition of Universal Lending as a new division, indicating a trend of consolidation and expansion in the mortgage sector.
For more information on Lower and its services, please visit their official website.
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