Paramount Equity Mortgage®, Mortgages for Home Buyers and Refinance Home Loans, paramount mortgage.#Paramount #mortgage


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Corporate Headquarters. 916.290.9999

Toll Free. 877.290.9991

8781 Sierra College Blvd. Roseville Ca 95661

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Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; Colorado Mortgage Company Registration NMLS# 30336, Connecticut Mortgage Lender License # ML-30336; DC Mortgage Dual Authority License #MLD30336; Georgia Department of Banking and Finance Georgia Mortgage Lender License #42733, Florida Mortgage Lender Servicer License # MLD 898; Hawaii Mortgage Servicer License , Idaho Mortgage Broker/Lender license – MBL-8279, Indiana-DFI First Lien Mortgage Lending License, Indiana-SOS Loan Broker License, License # 30336 License # 28067, #MS136, Kansas licensed mortgage company License # MC.0025206; Maine Supervised Lender License – 30336; Maryland – Mortgage Lender License # 21172; Minnesota Residential Mortgage Originator License, License # MN-MO-30336, Minnesota Residential Mortgage Originator License Other Trade Name, North Carolina Mortgage Lender License NMLS# 30336, License# MN-MO-30336.1 ,Nevada Mortgage Banker License #3919; Nevada Broker License #4260, New Mexico Mortgage Loan Company License NMLS# 30336, MO Company Registration NMLS# 30336, 435 Nichols Road, Suite 200, Kansas City, MO 64112-2006; Licensed by the N.J department of Banking and Insurance NMLS# 30336; New Jersey Residential Mortgage Lender License NMLS# 30336, Ohio Mortgage Loan Act Certificate of Registration , NMLS # 30336, Oregon Mortgage Lender License #ML-3256, Texas SML Mortgage Banker Registration NMLS# 30336; South Carolina Board of Financial Institutions Mortgage Lender/Servicer License #MLS-30336; Tennessee Mortgage License #125485, NMLS# 30336, Texas SML Residential Mortgage Loan Servicer Registration NMLS# 30336, LLC NMLS #30336; Pennsylvania Mortgage Lender License #52769, Utah DRE Mortgage Entity License Other Trade Name#1 #9572003, Utah DRE Mortgage Entity License Other Trade Name#2 #9573336, Virginia Broker License #MC-5267, Virginia Lender License #MC-5267, Washington Consumer Loan Company License #CL-30336; and Wisconsin Mortgage Broker License #30336BR NMLS ID #30336.


Contact Us, Paramount Equity Mortgage®, paramount mortgage.#Paramount #mortgage


Contact Us

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Paramount Headquarters

8781 Sierra College Blvd. Roseville, CA, 95661

Toll Free: 877-290-9991

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Paramount Direct Consumer Loan Office

10888 White Rock Rd. Rancho Cordova, CA, 95670

Toll Free: 888-404-3457

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Paramount Partners Group

4357 Town Center Blvd, Suite 214, El Dorado Hills, CA 95762

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Phoenix, Arizona Office

6970 East Chauncey Ln. Phoenix AZ, 85054

Toll Free: 877-290-9991

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Irvine, CA Office

22 Executive Park, Suite 100 Irvine, CA 92614

Toll Free: 877-290-9991

Atlanta, GA Office

6600 Peachtree Dunwoody Rd Ste: 400

400 Embassy Row, Atlanta, GA 30328-6773

Toll Free: 844-266-9189

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Kansas City, Kansas Office

Country Club Plaza

435 Nichols Road, Suite 200, Kansas City, MO 64112-2006

Toll Free: 877-290-9991

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Paramount Partners Group

915 Broadway St., Suite 310, Vancouver, WA 98660

Paramount mortgagePortland, Oregon Office

Regus Centerpointe Center

5 Centerpointe Drive, Suite 400, Lake Oswego, OR 97035

Toll Free: 877-290-9991

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Call or click for loan servicing options.

Have a question? We’re here to help! Our specialized customer care team is eagerly waiting to address any questions you may have regarding your refinance, servicing, payment, approval, and even complaints. Please contact [email protected] We’re here for you.

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Corporate Headquarters. 916.290.9999

Toll Free. 877.290.9991

8781 Sierra College Blvd. Roseville Ca 95661

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Paramount Equity Mortgage®, LLC is licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act, License #4170047; Arizona Mortgage Banker License #0922160, NMLS# 30336; Colorado Mortgage Company Registration NMLS# 30336, Connecticut Mortgage Lender License # ML-30336; DC Mortgage Dual Authority License #MLD30336; Georgia Department of Banking and Finance Georgia Mortgage Lender License #42733, Florida Mortgage Lender Servicer License # MLD 898; Hawaii Mortgage Servicer License , Idaho Mortgage Broker/Lender license – MBL-8279, Indiana-DFI First Lien Mortgage Lending License, Indiana-SOS Loan Broker License, License # 30336 License # 28067, #MS136, Kansas licensed mortgage company License # MC.0025206; Maine Supervised Lender License – 30336; Maryland – Mortgage Lender License # 21172; Minnesota Residential Mortgage Originator License, License # MN-MO-30336, Minnesota Residential Mortgage Originator License Other Trade Name, North Carolina Mortgage Lender License NMLS# 30336, License# MN-MO-30336.1 ,Nevada Mortgage Banker License #3919; Nevada Broker License #4260, New Mexico Mortgage Loan Company License NMLS# 30336, MO Company Registration NMLS# 30336, 435 Nichols Road, Suite 200, Kansas City, MO 64112-2006; Licensed by the N.J department of Banking and Insurance NMLS# 30336; New Jersey Residential Mortgage Lender License NMLS# 30336, Ohio Mortgage Loan Act Certificate of Registration , NMLS # 30336, Oregon Mortgage Lender License #ML-3256, Texas SML Mortgage Banker Registration NMLS# 30336; South Carolina Board of Financial Institutions Mortgage Lender/Servicer License #MLS-30336; Tennessee Mortgage License #125485, NMLS# 30336, Texas SML Residential Mortgage Loan Servicer Registration NMLS# 30336, LLC NMLS #30336; Pennsylvania Mortgage Lender License #52769, Utah DRE Mortgage Entity License Other Trade Name#1 #9572003, Utah DRE Mortgage Entity License Other Trade Name#2 #9573336, Virginia Broker License #MC-5267, Virginia Lender License #MC-5267, Washington Consumer Loan Company License #CL-30336; and Wisconsin Mortgage Broker License #30336BR NMLS ID #30336.


Paramount Conveyancing, paramount mortgage.#Paramount #mortgage


Paramount Conveyancing

We believe everyone should experience superior service that is seamless and stress free. We pride ourselves on delivering exceptional outcomes for our clients while ensuring their property conveyance is an enjoyable and memorable experience. We have modernised the conveyancing process to focus less on the legal jargon and more on you, our valued client.

Paramount Conveyancing is here to assist you with all aspects of buying, selling and transferring property. Our continued focus on training and development has ensured we remain knowledgeable and up to date with legislative changes in the conveyancing and property industry. If you are looking to buy your first home or expand your investment portfolio, Paramount can help you achieve your property dreams.

Purchasing property can be a stressful event consuming both your time and energy. At Paramount Conveyancing our aim is to make your transaction as transparent and stress free as possible.

Buying your first home should be an exciting and stress free experience and with guidance and support from our experts it will be! Our service excellence and professional team will give you peace of mind and we will ensure the transaction is seamless and stress free.

The First Home Owners Grant provides a grant for eligible purchasers who are buying or building their first home. Visit www.sro.vic.gov.au for more information.

If you are buying a house and land package there are further stamp duty savings which you are entitled to. Visit www.sro.vic.gov.au for more information.

The FIRB (Foreign Investment Review Board) reviews and looks at proposals by foreign buyers looking to purchase property in Australia. For more information visit www.firb.gov.au

The first step in selling your property is to have a Section 32 statement drawn up.

As your conveyancer it is our role to act on your behalf and look after your best interests when selling a property. We start by taking detailed instructions from the seller, which is done by filling in the on-line selling questionnaire.

Section 32 (vendors statement)

Prior to signing any contract for the sale of your property, a disclosure statement providing prescribed information must be given to any prospective buyer.

To prepare a Section 32 Vendor’s Statement we need information about the property and obtain certain documents to attach to the contract and Section 32 Vendor’s Statement. We will apply to the proper authorities for statutory government certificates including town planning, local council, water rates and body corporate (if any).

Discharging your Mortgage

Once the contract for the sale has been signed you need to make an appointment with your bank or credit union to sign a “Discharge Authority”. We will also write to the lender to make settlement arrangements.

Adjustments

At settlement an adjustment is made for council and water rates as well as body corporate fees (if applicable). We suggest that you don’t make any payments in the last 4 weeks before settlement to avoid errors. The adjustment of rates will ensure that all rates and taxes due on the property up until settlement date are paid and the Purchaser pays from the settlement date.

Inspection

The purchaser is entitled to an inspection of the property in the week preceding settlement. The purpose is to check that the property is in the same condition and state of repair as at the date of contract.

Settlement

We will arrange and attend to settlement on your behalf.

On the day of settlement you need to leave the keys with the estate agent. Arrangements need to be made with the removalists to have the property vacant by the appointed time of settlement.

Notice of Sale

We will notify the appropriate council, water authority and body corporate (if any) of the change of ownership details.

Meet the team

Paramount Conveyancing Practice

Our highly skilled team have grown to become one of the most successful and trusted conveyancing firms in the state of Victoria.

Paramount mortgage

Sasha Obeid

Meet the team

Paramount Conveyancing Practice

Our highly skilled team have grown to become one of the most successful and trusted conveyancing firms in the state of Victoria.

Paramount mortgage

Kaitlyn Tucker

Paramount mortgage

Paramount Conveyancing believes in building strong mutual relationships with reputable partners and providing customers with access to a vast array of qualified professionals to assist in your property transaction.

We have strong relationships with the business community including Real Estate Agents, Mortgage and Investment Brokers, Accountants and Solicitors and our reputation for sound and practical advice is well known.

“Thank you Sasha for your help with the purchase of our first home. From the first phone call to Settlement we were kept up to date of any issues/concerns and your advice was always prompt and easy to understand. Sasha you were wonderful to work with and your attention to detail and honesty was reassuring. Indeed, looking back you made the whole process seem easy. All this for what was a very competitive price. We will highly recommend you for any conveyancing matters.”

Dr Damien and Mrs Carla Bruno Airport West (VIC)

“We were delighted to have chosen Paramount Conveyancing to assist us with purchasing our first home. They were professional and answered all of our questions. We would definitely recommend Paramount Conveyancing to our closest friends and family.”

Thomas and Emily (Gladstone Park)

“Dear Sasha, Just a quick note to sincerely thank you for your assistance in buying and selling both of our homes. You helped us so much with the millions of questions we hd and were certainly our “rock” in a very stressful time. We’ll definitely recommend you to others and seek you out again the future. Thanks so much.”

Emma and Stuart

“Last September I bought a land in providence estate in Greenvale, Sasha looked after the land settlement; She has a great attitude and professional work ethics. She did her best to keep my stress down, she helped me through the process and did great with respect to extension of time. She is very responsive, honest and knowledgeable. I would like to express my gratitude and appreciation for her wonderful services and wish her all the best.”

“As first home owners we can’t thank you enough for making this huge step in our lives an easy and effortless experience. You were a pleasure to deal with and knowing that you were managing our legal/ conveyance affairs gave us the confidence to buy. Thank you sincerely for your professionalism and personal care over the course of our home buying. We have already recommended you to all out friends and family and have done so with confidence and pleasure. We look forward to our next purchase.”

Michelle and Antony

“As first home owners we can’t thank you enough for making this huge step in our lives an easy and effortless experience. You were a pleasure to deal with and knowing that you were managing our legal/ conveyance affairs gave us the confidence to buy. Thank you sincerely for your professionalism and personal care over the course of our home buying. We have already recommended you to all out friends and family and have done so with confidence and pleasure. We look forward to our next purchase.”

Michelle and Antony

“Being first home owners, it was important to have a patient, efficient and knowledgeable conveyance service and Sasha Ticked all the boxes. Sasha answered all questions, whenever posed and managed the end-to-end process extremely well. I would highly recommend Paramount Conveyance Services to any prospective property buyer/developer.”

“I was suddenly in a situation where I was needing to sell my property and had no idea how to go about it. My Real Estate Agent put me onto Sasha from Paramount Conveyancing. I had complete trust in Sasha and the company’s fee was incredibly reasonable considering the amount of work that went into settling the property. Sasha was also brilliant at answering any queries I had and was always respectful, positive, encouraging and polite. I would recommend Sasha and her service to anybody selling their property.”


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Founder s Room

All terms based on availability. Management reserves all rights.

Get info​rmation​ on ​becom​ing​ a Founder’s Room Membe​r​:

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Paramount Residential Mortgage Group Inc – Mortgage Brokers – 7250 N 16th St, Phoenix, AZ


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Paramount Residential Mortgage Group Inc

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Paramount Equity Mortgage under heavy scrutiny #mortgage #refinancing #calculator


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Paramount Equity Mortgage under heavy scrutiny

Washington state intends to revoke the company s license, and Oregon will investigate its advertising

Thursday, July 24, 2008

The Oregonian Staff

Washington mortgage regulators announced Wednesday they intend to revoke the license of Paramount Equity Mortgage, a Roseville, Calif. firm that has blanketed Northwest radio stations with commercials promising cheap and easy mortgages.

Oregon mortgage officials are also looking into Paramount’s advertising.

The Washington Department of Finance accused Paramount of charging and collecting unearned fees, charging consumers to buy down interest rates without actually reducing the rates, failing to make required disclosures and making state and federally required disclosures in a deceptive manner. The department said it will fine Paramount $500,000.

“Paramount failed to make proper disclosures in almost every loan we reviewed,” said Deb Bortner, director of consumer services for the finance department.

In addition, the state had a problem with Paramount’s claim that it would pay to have its customers’ homes appraised. Paramount covered the cost of an appraisal and then charged its clients a series of fees, Washington officials claimed.

Paramount officials denied any wrongdoing.

“We believe these allegations are completely unjustified, and we look forward to defending ourselves against all charges,” the company said in a written statement.

If Paramount and Washington regulators can’t negotiate a settlement, the charges will be heard by an administrative law judge.

Paramount made more than 1,700 mortgage loans to Washington borrowers in 2007, collecting more than $8.7 million in fees.

Among the individuals named in the Washington action is Hayden “Hayes” Barnard, Paramount’s president, co-owner and spokesman in the company’s ubiquitous commercials.

Oregon regulators are also looking into Paramount but are restricting their probe to the company’s ads. Oregon has not launched a formal investigation into the company’s operations, though it has received seven consumer complaints and several questions about its advertising, said Lisa Morawski, spokeswoman for the Oregon Department of Consumer and Business Services.

The Oregon department’s mortgage division adopted new rules in May aimed at preventing “bait-and-switch” and other misleading advertising.

Paramount Equity Mortgage under heavy scrutiny

Washington state intends to revoke the company s license, and Oregon will investigate its advertising

Thursday, July 24, 2008

The Oregonian Staff

Washington mortgage regulators announced Wednesday they intend to revoke the license of Paramount Equity Mortgage, a Roseville, Calif. firm that has blanketed Northwest radio stations with commercials promising cheap and easy mortgages.

Oregon mortgage officials are also looking into Paramount’s advertising.

The Washington Department of Finance accused Paramount of charging and collecting unearned fees, charging consumers to buy down interest rates without actually reducing the rates, failing to make required disclosures and making state and federally required disclosures in a deceptive manner. The department said it will fine Paramount $500,000.

“Paramount failed to make proper disclosures in almost every loan we reviewed,” said Deb Bortner, director of consumer services for the finance department.

In addition, the state had a problem with Paramount’s claim that it would pay to have its customers’ homes appraised. Paramount covered the cost of an appraisal and then charged its clients a series of fees, Washington officials claimed.

Paramount officials denied any wrongdoing.

“We believe these allegations are completely unjustified, and we look forward to defending ourselves against all charges,” the company said in a written statement.

If Paramount and Washington regulators can’t negotiate a settlement, the charges will be heard by an administrative law judge.

Paramount made more than 1,700 mortgage loans to Washington borrowers in 2007, collecting more than $8.7 million in fees.

Among the individuals named in the Washington action is Hayden “Hayes” Barnard, Paramount’s president, co-owner and spokesman in the company’s ubiquitous commercials.

Oregon regulators are also looking into Paramount but are restricting their probe to the company’s ads. Oregon has not launched a formal investigation into the company’s operations, though it has received seven consumer complaints and several questions about its advertising, said Lisa Morawski, spokeswoman for the Oregon Department of Consumer and Business Services.

The Oregon department’s mortgage division adopted new rules in May aimed at preventing “bait-and-switch” and other misleading advertising.


Consumer Experience for Paramount Equity Mortgage, LLC – BBB serving Northeast California #home #refinance #loans


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Paramount Equity Mortgage, LLC

What is a BBB Business Review?

We offer free reviews on businesses that include background, licensing, consumer experience and other information such as governmental actions that is known to BBB. These reviews are provided for businesses that are BBB accredited and also for businesses that are not BBB accredited.

About BBB Business Review Content & Services:

Some Better Business Bureaus offer additional content & services in BBB Business Reviews.
The additional content & services are typically regional in nature or, in some cases, a new product or service that is being tested prior to a more general release.
Not all enhanced content & services are available at all Better Business Bureaus.

Professional Affiliations X

Types of Complaints Handled by BBB

BBB handles the following types of complaints between businesses and their customers so long as they are not, or have not been, litigated:

  • Advertising or Sales
  • Billing or Collection
  • Problems with Products or Services
  • Delivery
  • Guarantee or Warranty

We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.

BBB Complaint Process

Your complaint will be forwarded to the business within two business days. The business will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the business’s response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.

Industry Tips

What is BBB Advertising Review?

BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to prove their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.

What government actions does BBB report on?

BBB reports on known government actions that are relevant to the business’s marketplace dealings with the public.

Thank you for your feedback!

BBB Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.

Find a Location X

BBB Customer Review Rating plus BBB Rating is not a guarantee of a business’ reliability or performance, and BBB recommends that consumers consider a business’ BBB Rating and Customer Review Rating in addition to all other available information about the business. If the BBB Rating is NR then only Customer Reviews are used for the Star Rating.

Closure Definitions

Complaint resolved through BBB process BBB records show the issues raised in the complaint have been resolved. Either customer confirmed the complaint has been resolved, or business confirmed the complaint has been resolved and customer did not respond to BBB correspondence informing customer that complaint will be considered resolved unless BBB hears otherwise from customer. BBB found business made good faith effort to resolve complaint but customer not satisfied with business response BBB found that business adequately addressed the disputed issues and made a good faith effort to resolve them; however, customer has informed BBB that he/she is not satisfied with the outcome. In some cases, business may have agreed to mediate or arbitrate the complaint but customer declined to participate in mediation/arbitration. Customer not satisfied with business response; BBB did not find business made good faith effort to resolve complaint BBB did not find that business adequately addressed the disputed issues and made a good faith effort to resolve them, and customer has informed BBB that he/she is not satisfied with the outcome. In some cases, customer may have agreed to mediate or arbitrate the complaint but business declined to participate in mediation/arbitration. BBB did not receive a response from business BBB did not receive a response from business after two attempts to contact business, and BBB communications with customer do not show that business contacted customer to resolve the complaint. BBB cannot process complaint This includes situations where BBB cannot locate business, business is no longer in business, or business is in bankruptcy and complaints must be submitted through bankruptcy trustee.

Industry Comparison Chart X

The information in the chart below represents an industry ratings comparison of businesses which are of the same relative size or for all businesses (see toggle). This is based on BBB s database of businesses located in Northeast California. Businesses may engage in more than one type of business.


Paramount Equity Mortgage, LLC Review – Mortgage Brokers in Roseville, CA – BBB Business Review


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BBB Accreditation

A BBB Accredited Business since

BBB has determined that Paramount Equity Mortgage, LLC meets BBB accreditation standards. which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses pay a fee for accreditation review/monitoring and for support of BBB services to the public.

BBB accreditation does not mean that the business’ products or services have been evaluated or endorsed by BBB, or that BBB has made a determination as to the business’ product quality or competency in performing services.

Reason for Rating

Factors that raised the rating for Paramount Equity Mortgage, LLC include:

  • Length of time business has been operating
  • Complaint volume filed with BBB for business of this size
  • Response to 58 complaint(s) filed against business
  • Resolution of complaint(s) filed against business

Customer Complaints Summary Read complaint details

58 complaints closed with BBB in last 3 years | 34 closed in last 12 months

Government Actions

Paramount Equity Mortgage, LLC – The Department of Business Oversight
Date of Action: 11.05.2016
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the government s allegations, which have not yet been proven:

On May 11, 2016 the California Department of Business Oversight issued an Accusation against Paramount Equity Mortgage, LLC seeking that monetary penalties be imposed upon the company for engaging in residential mortgage loan servicing without first added residential mortgage loan servicing authority to their license.

Advertising Review

BBB has nothing to report concerning Paramount Equity Mortgage, LLC s advertising at this time.

Additional Information

BBB file opened: февраля 02, 2004 Business started: 09.03.2003 in CA Business incorporated 08.05.2011 in CA

Licensing, Bonding or Registration

This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.

These agencies may include:

Department of Business Oversight
1515 K St. Suite 200, Sacramento CA 95814
http://www.dbo.ca.gov
Phone Number: (866) 275-2677
The number is 4170047.

Type of Entity

Limited Liability Company (LLC)

Business Management

Mr. Matthew Murray, Chief Marketing Officer Mr. Hayes Barnard, Founder Mr. Mike Berte, President Mr. Matt Dawson, VP of Mortgage Operations Mr. David Lippe, Vice President Ms. Michele Magee, Chief Marketing Officer Mr. Narish Parsad, Marketing

Contact Information

Principal: Mr. Matthew Murray, Chief Marketing Officer

Business Category

Mortgage Brokers Mortgage Lender Real Estate Real Estate Services Loans Real Estate Loans

Service Area

BBB serving northeast California is the HQ BBB for Paramount Equity Mortgage. Complaints are referred to them for processing. The company is currently doing business in Oregon, Washington, California, Arizona, Virginia and Utah.

Industry Tips

What is a BBB Business Review?

We offer free reviews on businesses that include background, licensing, consumer experience and other information such as governmental actions that is known to BBB. These reviews are provided for businesses that are BBB accredited and also for businesses that are not BBB accredited.

About BBB Business Review Content & Services:

Some Better Business Bureaus offer additional content & services in BBB Business Reviews.
The additional content & services are typically regional in nature or, in some cases, a new product or service that is being tested prior to a more general release.
Not all enhanced content & services are available at all Better Business Bureaus.

Professional Affiliations X

Types of Complaints Handled by BBB

BBB handles the following types of complaints between businesses and their customers so long as they are not, or have not been, litigated:

  • Advertising or Sales
  • Billing or Collection
  • Problems with Products or Services
  • Delivery
  • Guarantee or Warranty

We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.

BBB Complaint Process

Your complaint will be forwarded to the business within two business days. The business will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the business’s response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.

Industry Tips

What is BBB Advertising Review?

BBB promotes truth in advertising by contacting advertisers whose claims conflict with the BBB Code of Advertising. These claims come to our attention from our internal review of advertising, consumer complaints and competitor challenges. BBB asks advertisers to prove their claims, change ads to make offers more clear to consumers, and remove misleading or deceptive statements.

What government actions does BBB report on?

BBB reports on known government actions that are relevant to the business’s marketplace dealings with the public.

Thank you for your feedback!

BBB Reporting Policy

As a matter of policy, BBB does not endorse any product, service or business.

BBB Business Reviews are provided solely to assist you in exercising your own best judgment. Information in this BBB Business Review is believed reliable but not guaranteed as to accuracy.

BBB Business Reviews generally cover a three-year reporting period. BBB Business Reviews are subject to change at any time.

Additional Phone Numbers

  • (877) 290-9991(Phone)
  • (209) 464-4000(Phone)
  • (916) 789-7538(Phone)
  • (916) 746-7080(Phone)
  • (916) 772-9090(Phone)

Additional Email Addresses

  • N/A – eQuote
  • N/A – Communication/Mass Email

Consumer Experience for Paramount Equity Mortgage, LLC – BBB serving Northeast California #mortgage #relief


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Paramount Equity Mortgage, LLC

What is a BBB Business Review?

We offer free reviews on businesses that include background, licensing, consumer experience and other information such as governmental actions that is known to BBB. These reviews are provided for businesses that are BBB accredited and also for businesses that are not BBB accredited.

About BBB Business Review Content & Services:

Some Better Business Bureaus offer additional content & services in BBB Business Reviews.
The additional content & services are typically regional in nature or, in some cases, a new product or service that is being tested prior to a more general release.
Not all enhanced content & services are available at all Better Business Bureaus.

Professional Affiliations X

Types of Complaints Handled by BBB

BBB handles the following types of complaints between businesses and their customers so long as they are not, or have not been, litigated:

  • Advertising or Sales
  • Billing or Collection
  • Problems with Products or Services
  • Delivery
  • Guarantee or Warranty

We do not handle workplace disputes, discrimination claims or claims about the quality of health or legal services.

BBB Complaint Process

Your complaint will be forwarded to the business within two business days. The business will be asked to respond within 14 days, and if a response is not received, a second request will be made. You will be notified of the business’s response when we receive it (or notified that we received no response). Complaints are usually closed within 30 business days.

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Paramount Global M #citifinancial #mortgage


#paramount mortgage

#

Hassle free investment

Investment secured by real estate

Stable cash flow

What We Invest

What is Mortgage Investment Corporation (MIC)?

Mortgage Investment Corporation or MIC is an investment and lending company designed specifically for mortgage lending in Canada. Governed by Section 130.1 of the Income Tax Act, MICs pay no corporate tax and act as flow-through entities and have to pay out all their taxable income in the form of dividends. Owning shares in a mortgage investment corporation enables you to invest in a company which manages a diversified pool of mortgages.

WHERE THE MONEY GOES

Sample Case 1: text123
Property location: Midtown, Torotno
Property Value: $1,500,000, Single family house
Borrowing Amount: $150,000
LTV: 77%
Term: 1Y
Return: 10%
Borrower info: Lawyer, Borrow money for closing his new house

Sample Case 2: Text123
Property location: Ajax, Ontario
Property Value: $600,000, Single family house
Borrowing Amount: $30,000
LTV: 84%
Term: 6 month
Return: 12%
Borrower info: Car mechanics, pay off debt

Sample Case 3: Text 123
Property location: Oakville, Ontario
Property Value: $900,000, Single family house
Borrowing Amount: $80,000
LTV: 81%
Term: 1Y
Return: 11%
Borrower info: Online business in cosmetics, renovating the house

Fund Fact

Management Team

VICKY HUANG (CEO)

Vicky is responsible for overseeing the day-to-day operations of the firm, building both new and existing business, and implementing overall strategy.

Vicky is the co-founder of Bay Street Real Estate Investment and Ubene Technologies. Vicky has developed a reputation for leading from the front line, working with teams and clients in developing and executing business plans which resulted in the advancement of the key strategic initiatives of each firm. Vicky had worked years in the capital market department of TD, RBC and IBM. Vicky obtained her Master degree from University of Toronto in 2005, and has completed the Real Estate Management Program from Harvard Business School in 2012.

Cindy Shen (President)

Cindy is a serial entrepreneur, with a passion for building financial companies and technologies to make lending easier and faster for everyone involved. Cindy has more than a decade of banking experience, and is a private lender herself, building a pipeline of deals exceeding 10 million in the first year. She is also CEO of a SAP technology company, servicing Fortune 500 clients in Canada and US. Cindy is a graduate of Ivey School of Business at the University of Western Ontario.

JEFF LEVY (Lawyer)

Jeff is responsible for advising and counselling on mortgages and mortgage transactions.

Jeff is the managing partner at and co-founder of Levy Zavet PC, Lawyers. Jeff is practicing primarily in the areas of real estate, mortgages, corporate law, corporate finance, mergers and acquisitions, tax law, commercial finance and estate planning. Jeff is extremely experienced in drafting mortgage loan agreements and structuring multi-collateral, diverse payments and elaborate recovery provisions in every unique situation. His long history of experience in mortgage enforcement, power of sale, and foreclosures, has given him the knowledge to foretell viable exit strategies at the loan origination stage of almost every single mortgage deal.

Investment Strategy & Risk Management

How to Invest

What types of mortgages does Paramount Global MIC invest in and where?

We offer 1st and 2nd mortgages up to a loan to value of 80%. We lend on residential property located in urban and suburban areas. We focus on properties that are highly marketable.

How does Paramount Global MIC find mortgage borrowers?

Paramount Global MIC focuses on residential properties in urban and suburban areas that are highly marketable. Paramount Global MIC’s clients are self-employed, new immigrants and borrowers with soft, poor or no credit. We mitigate the risk with our proprietary underwriting model

We deal strictly through licensed mortgage brokers and licensed agents. There are reportedly over 10,000 mortgage brokers and agents in Ontario. These represent our external sales force; identifying and referring mortgage.

Are Paramount Global MIC regulated?

Yes. In fact, in 1972, the Canadian government created provisions within the Residential Mortgage Financing Act to specifically allow for the creation of mortgage investment corporations. Paramount Global MIC is also specifically regulated by Financial Services Commission of Ontario (FSCO), the Ontario Securities Commission (OSC), along with other securities regulators. Generally accepted accounting principles (GAAP) also apply. In other words, we’re audited, regulated and adhere to strict financial guidelines.

How is the mortgage market regulated?

In the province of Ontario the Financial Services Commission of Ontario (FSCO) licenses and regulates all mortgage brokers, agents and administrators. The Manager is a licensed administrator in Ontario.

What are the benefits of MIC investing?

  1. Real Estate Security: Mortgages purchased by the MIC are secured by Canadian Residential Real Estate.
  2. RRSP /TFSA/RESP Eligible: Hold your RiverRock MIC in a self-directed RRSP/TFSA/RESP.
  3. Superior Returns: Earn 8% per year compared with 1% on GICs
  4. Professional Management: The managers of Paramount Global MIC have years of mortgage investment experience.
  5. Diversification: Investors own a diversified portfolio of mortgage loans.
  6. Regular Income: Investors receive their dividends on a monthly basis.

What risks are associated with investing in a MIC?

All our mortgages are registered on the title of the property. We know the market, and the homes you drive by everyday. We lend based on the appraisal value done by professional appraisers. Our maximum loan value ratio is set at 80%.

Our mortgages have the same legal security as the mortgages from banks or other institutional lenders. All related legal work is performed by a lawyer or notary public for Paramount Global MIC. There is no guaranty, however your investment will not fluctuate.

Although real estate investing is considered one of the safest investments, risks still exist in mortgage lending. All property investments are subject to elements of risk. Property value is affected by general economic conditions, local real estate markets, the attractiveness of the property to tenants, competition from other available properties and other factors. While independent appraisals are required before the corporation may make any mortgage investment, the appraised values provided therein, even where reported on an “as is” basis, are not necessarily always reflective of the market value of the underlying property, which may fluctuate.

The MICs’ income and funds available for distribution to security holders would be adversely affected if a significant number of borrowers were unable to pay their obligations. Upon default by a borrower,Paramount Global MIC may experience delays in enforcing its’ rights as lender and could incur costs in protecting its investment.

To mitigate these risks, the experienced team of Underwriters at Paramount Global MIC review every application to reduce the possibility of non-performing loans. Furthermore, strict loan to value guidelines and a proactive approach to collections ensure enough equity is available to recover outstanding loan balances in case of foreclosure.

When can I purchase my share? What is the minimum investment?

Preferred shares can be purchased at the beginning of every month. Our minimum investment is $10,000, once the minimum investment has been made, additional shares may be purchased with a minimum increment amount of $5,000.

Is my money locked in? What happens if I die or I need the money?

Paramount Global MIC has a 24 month redemption period with early redemption fee(4% within first year and 2.5% between first and second year). After 24 momths, an investor can withdraw their funds simply by advising us in writing so that a redemption notice received will be effective within 15 days of the end of the quarter following the quarter in which the redemption request is received.

For income tax purposes, the returns that our investors receive are treated as interest, not as dividends.

How do I invest funds from my RRSP, TFSA or RESP in Paramount Global MIC?

Paramount Global MIC h supports investments from within a variety of registered plan types. We have selected COlympia Trust Company as our trustees for this purpose, due in part to their excellent support for MIC investments.