Paradigm Recipient Of 2006 Quality Assurance Excellence Award
Mortgage outsourcer recognized by Genworth Financial Canada for consistent compliance of 96% or greater
Toronto, ON -- January 30, 2007 -- Paradigm Quest Inc. (Paradigm) is pleased to announce it has received a Quality Assurance Excellence Award (2006) from Genworth Financial Canada (Genworth). This award is granted only to lender underwriting operations that maintain a minimum 96% compliance rating throughout the year.
“Paradigm’s dedication to its due diligence practices helps to ensure a strong underwriting process, which directly impacts the quality of their portfolio,” states Peter Vukanovich, President of Genworth Canada.
Kathy Gregory, President and CEO of Paradigm remarks: “This award is a testament to our commitment to processing quality and dedication to operational excellence. To win such an award in our first year of business is a credit to the whole team here at Paradigm. We thank Genworth for this award, and share its vision of business quality and commitment to service.”
Kathy continued, “Credit quality is not up for negotiation at Paradigm. This award is a validation of the organization’s abilities to embark upon new non-prime lending and alternative distribution channels.”
Paradigm’s commitment to quality is matched by that of its first client MERIX Financial (MERIX), whose business model is designed to maximize relationships with top tier independent mortgage brokers. Together with its wholesalers, MERIX is helping redefine the traditional mortgage value proposition.
“This recognition confirms that the quality of a mortgage portfolio does not have to come at the expense of an organization’s desire to increase volumes”, says Boris Bozic, President of MERIX Financial.
Recognizing that its employees are its most valuable asset, Paradigm will continue with its strong hiring standards to ensure its employees mesh with their vision and values.
About Paradigm Quest Inc.
Launched in 2005, Paradigm Quest Inc., www.paradigmquest.com, is a leading Canadian mortgage underwriting and servicing company that enables both incumbents and new lenders to focus on their core competencies. In its first full year of operations, Paradigm grew assets under administration to $1.5 billion.
Operating with state-of-the-art technology and extensive knowledge of the Canadian mortgage market, Paradigm offers a customizable platform from which multiple lenders can source business through various origination channels.
For further information: contact: (416) 366-8606 or e-mail inquiries