Michael “Mike” Koran is currently the Division President of San Francisco’s Primary Residential Mortgage which he co-founded in 2008. Since graduating with high distinction and honors from the University of California at Berkeley and the Haas School of Business, Mike has worked tirelessly to redefine the customer experience in the mortgage industry.
Utilizing his vast background in management, sales, and operations coupled with his unique ability to handle the most difficult situations with ease, Mike has catapulted to the top of every position he has held and has personally helped thousands of homeowners successfully fund their residential mortgage.
With more than $500,000,000 in closed origination volume, Mike has earned countless merits and awards and exemplifies the highest level of expertise and leadership in the mortgage industry, consistently receiving perfect reviews and ratings from all clientele across the board!
In addition to Mike’s dedication to his clients, business partners, staff and career, he is enthusiastic about every aspect of the world ranging from his yearn to learn about other cultures, travel avidly, play guitar and compose music, as well as compete in USTA tennis. Mike has spent time volunteering for the UN in refugee camps internationally and is a devoted father and husband. He is a great friend to all that know him, loves to be involved in the community and thrives to connect with people that inspire greatness.
Mike is licensed in California and Nevada.
Mike Koran was friendly, professional, thorough, efficient and patient. I provided the required documents and Mike’s team took it from there. When I encounter a minor issue regarding my homeowner’s insurance Mike had the resources and experience to quickly resolve the matter and get my loan approved quickly. I will use Mike for all my future financing needs.
Michael's office would always contact me as soon as something urgent requiring my attention came up. Additionally, when I had questions on even minor things, his office always answered my calls and took me seriously when I asked them to explain things about the homebuying process that I didn't understand.
The 5 stars for Mike and his team are well deserved. I was looking to purchase a home, and wanted to find a someone to work with that wasn't at a big bank (my previous purchase was through Wells Fargo, but I knew the person). I did some research and found him on yelp, with great reviews. I was easily able to set up an appointment for a chat, regarding the numerous questions I had, including fees, etc. He took the time to answer every single question I had (and it was a lot). I felt really comfortable moving forward and using him as my mortgage broker. Usually realtors have their own broker they recommend or use, but I wanted to find out first, what my price point could be, before I hired an agent. He worked seamlessly with my agent, on all pre-approval letters, as well as when my offer was accepted! He was proactive in reaching out to the listing agents when I put offers in, to assure them of my capability to get approval for the loan.Turns out this was a major asset, as he personally knew the listing agent for the property I had an offer on! The stars aligned and I had my offer accepted, in a very competitive market. Once the process started, it was very smooth. He and his team answered all of my questions, regarding what type of loan, how I would do the downpayment, what paperwork was needed, what needed to be signed etc. They were very hands on, professional, and I would highly recommend! We ended up closing in 18 days, and that's with a loan (not a cash offer). I put full trust in Mike and his team and it paid off.
Michael and his team made being a first time buyer extremely easy. From deciding to purchase a home, to having keys in hand, took us less than a month. We’re very impressed by how responsive PRMI has been and how prompt they have been with telling us exactly what they need so we could close quickly. Highly recommend