Loan Servicing
Focus on growing your business, not collecting from your customers!
A better way to manage your receivables.
Our loan servicing programs maximize collections while maintaining compliance in the heavily-regulated finance industry. Paramount’s solution increases your collection rate, expands your staff’s capacity, and reduces your compliance risk. Additionally, we can purchase your loans from time to time as a new source of liquidity.
Paramount offers a comprehensive suite of services tailored to your specific needs. Our servicing and subservicing programs encompass all servicing functions beginning with the day the loan is closed and delivered.
Your business partner.
You are an integral part of our design and development process. Our servicing solutions are carefully crafted with your unique receivables in mind. This is why we are committed to cultivating strong collaboration between your company and ours. Understanding your products, services and workflow is critical to our mutual success. You’ll have direct access to Paramount’s leadership team, with over 75 years of combined experience in credit and receivables management.
Customized collection strategies.
We pride ourselves on our customized solutions and have a proven track record of continuing to create unique niche servicing and subservicing solutions for our partners. We can create positive experiences that are critical to your business success strategy. Our strong and overriding emphasis is to deliver the highest level of service to both you as our partner, and to your customer as the end-user, at every point of contact.
We provide a wide range of responsibilities, including:
• Customer Communications and Support
• Loan Boarding
• Cash Management
• Collections
• Investor Accounting and Reporting
• Default Management & Administration
• Payoff Release and Satisfactions
• Regulatory Compliance and Reporting
• Payment Processing
• Analytics
• Subservicing capabilities
• Credit and Receivables management consulting
Contact Us today to learn more about how our servicing programs can help improve your cash flow.
Call to learn more about how our programs can meet your financial needs.