Paramount Capital Group LLC began operations in 1997 providing capital to the private student loan market via loans through trade schools and servicing the portfolio.
As the company grew, founder, Ryan Paul, quickly realized that technology would allow his company to service these loans with speed, increased compliance, and reduce delinquencies to below market rates.
In 2014, the company started to contract with lenders and originators to service their portfolio on the enhanced Paramount Advantage servicing platform and today has been recognized as a top consumer loan servicer.
On August 1, 2024, ECN Capital Corp. (TX:ECN) acquired the majority of the stock in Paramount as the company is ready for continued growth. ECN owns and operates various consumer lending companies and Paramount will also serve as the “captive” servicer for Source One Financial Services, a leader in RV and Marine loans.
Company Details
- Employees
- 58
- Founded
- -
- Address
- 1150 First Ave,
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- paracap.com
- Keywords
- Loan Servicing, Backup Loan Servicing, Contract Verifications, Document Custodial, Borrower Base Certification Service, Consumer Finance.
- HQ
- King of Prussia, PA
Paramount Capital Group Questions
Paramount Capital Group's website is paracap.com
Paramount Capital Group's LinkedIn profile is https://www.linkedin.com/company/paramount-capital-group
Paramount Capital Group has
58 employees.
View email and phone details for 58
employees at Paramount Capital Group.
Paramount Capital Group's industry is
Financial Services
Paramount Capital Group's top competitors are
Truenorth,
Lendio,
Luby,
Powerpay,
Paramount Capital Funding Group,
Esya Capital Private Limited,
Ecn Capital,
Lendapi,
Ecn Capital,
Dealcatalyst.
Paramount Capital Group's categories are Financial Services
Paramount Capital Group's founding year is 1997
