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Future is Fast

Time is money and the future is here. It has never been more important to improve the speed of processing any back office function. It is now critical to improve turn-around times and to do so with innovation and next-generation processing.

Process Perfection

Accuracy, efficiency and compliance all go hand in hand. This is especially important in legal processing where mission-critical accuracy is at the centre of large financial transactions. Anything less than process perfection is simply not an option.

Qualified Quality

It is one thing to declare quality. It is a whole other matter to prove it. A Quality Management System is essential to manage and control continuous improvement. When it comes to processing, if you can’t measure it, you aren’t doing it.

Innovative Intelligence

To remain unchanged is to stand still. To innovate is to change. To improve is to deliver on innovation. Logical thinking matched with keen expertise applied in a spirit of improvement and efficiency will dominate the future.

Imagination Nation

When it comes to next generation approaches to processing, assume nothing, question everything. Better yet, question everybody. At the heart of every improvement ever made is an idea. It came from someone. Who it comes from may surprise you.

Mortgage Default Processing

Never before has it been so important to optimize the processing of this mission-critical function. Historically, mortgage default rates have been so low, that attention to back-office optimization in this area has been minimal. With the potential for rapid fluctuations in volumes, and financial cycles ripe for change, the time has come to address the future and its possibilities.

Environmental Remediation

A serious and escalating problem, with no signs of slowing down; the Grow-op and Clandestine Lab problem continues to be a major hassle for mortgage lenders. There have been recent cases where a major criminal bust has resulted in several cases at one time, taxing resources and degrading attention to detail. These are complicated matters that require serious attention to detail. Being able to manage and deal with these files from end to end is a strategic and specialized niche for Paragon.

Customer Retention Strategies

A customer is the most valuable asset a financial institution can have. International experience has shown us a long preview of the various possibilities for managing rapid changes in the application of mortgage default strategies. Narrow-market banking environments require even greater attention to the customer experience. It’s during their most difficult financial trials that a customer needs its bank most; and it will be learned that the same may well prove true in reverse. A partnership approach to default is essential to brand retention and process optimization.

Streamline Processing

The current mortgage legal default processing is labour intensive and does not focus on the customer. The process is legal driven, uncompassionate and ignores the modern day reality of the borrower. There are many ways to reduce processing costs and improve the customer experience, through human interaction. Cutting through the red tape is the key.

Customer Communication Strategies

Increased default means increased default processing, increased default processing means less intensity of Customer communication. That however, doesn’t need to be true. Closer and improved communications with your customers will be key to resolving default matters involving their homes. New and innovative strategies will be the hallmarks of an optimized process, and be a key differentiator for a new and improved customer experience.

Fraud Review

Financial fraud and particularly real estate finance fraud continues to morph in new ways and create opportunities for significant avoidable losses. Identifying trends in the early stages, and providing recommendations for avoidance is the best management approach. Specializing in these matters industry-wide allows Paragon to share information and trends on a market and portfolio level. Rapid communication between product areas and other stakeholders on an industry basis is essential to stem the rising tide of fraud.

MEET THE PARAGON PEOPLE

Set up a meeting with a Paragon Solutions Executive today. We will be happy to come and discuss your current processing needs and demonstrate our solutions and we will share our White Papers to show how our solution can work in your operations.

Paragon Inc.

130 King St. West, 18th floor

Toronto, Ontario

M5X 1E3 CANADA

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Lets Get Started

For information regarding our products and services, or to receive material on our solutions, or to book a tour of our processing centre, contact us today. We will be happy to provide you with a no-cost diagnostic of your operation

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SPOTLIGHT

Introducing Paragon Recovery. Welcome to our new website, we are excited about the launch of our new business and are excited for the future. Please have a look around and give us your feedback on the Contact page.

Paragon Recovery

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What’s News? Please link to our News section where we have gathered the latest relevant articles about the mortgage enforcement industry, highlighting the latest trends and exciting changes in legislation.