Backup Loan Servicing
Maintain Servicing Continuity
Paramount Capital Group is revolutionizing backup loan servicing with new levels of proactive positioning.
We approach backup and successor servicing with a practical, execution-focused mindset designed to ensure true readiness.
Industry-wide, backup servicing (“BUS”) is typically structured around the periodic delivery of a portfolio data tape, with designations such as cold, warm, or hot determined by the frequency and depth of data transmission and system integration. While this framework is common, we offer the onboarding accounts in a fully “hot” successor servicing configuration from the outset. This hybrid approach provides meaningful assurance to all stakeholders, capital providers, originators, warehouse lenders, and ownership groups, that the successor servicer is not theoretical, but fully implemented and capable of seamless transition.
As an end-to-end loan servicing company, we can offer scalable solutions with broad functionality. Our platform includes seamless and dynamic backup solutions, robust data and analytics in real time, and secure, geographically diverse data backup. We’re ready to step into primary servicing roles when you most need us, not months later.
Backup Loan Servicing Solutions
Protecting Your Portfolio
In the face of disruptions, we provide continuous backup solutions to protect and preserve your portfolio.
- Independent Servicing Framework
- Successor-Ready Operations
- Ongoing Portfolio Monitoring
- Graduated Backup Readiness Options
- Rapid Activation Protocols
Dedicated Client Service Manager
Your dedicated Client Service Manager is more than a support contact—they’re your advocate and guide, deeply familiar with your business and proactively anticipating your needs at every stage of the partnership.
Innovative Technology, Data, Analytics, and Reporting
We provide unparalleled visibility into your portfolio with customizable real-time, meaningful, and automated analytics and reports.
Trusted Backup Solutions
Paramount has been an end-to-end loan servicer since 1997, providing knowledge, expertise, and transparency that you can rely on.
FAQS
How long has Paramount been a loan servicer?
Paramount Capital Group has been a primary loan servicer since 1997.
What makes Paramount different from other backup loan servicers?
Many firms offering backup servicing either don’t understand the asset, or don’t have a call center to take over on a “trigger event”.
Paramount’s backup servicing programs change the dynamics in the industry by adding real-time reporting to many back-up programs.
How does Paramount manage data synchronization?
Our flexible platform allows us to take your data in any format and convert it automatically into our system with less hassle and a high degree of customization.
How are reports generated?
Reporting is customized, so you can get the insights you need as you need them. Generate customized and automated reports in real time at no additional cost.
How does Paramount secure data?
We back up data in multiple locations at high-tech, secure data centers. They include encryption technologies, robust access controls, and physical security protocols.
What if I have questions about backup services?
Paramount assigns every client a dedicated partner success manager to oversee your backup services and for ongoing, on-demand support.