Mortgage outsourcer recognized by Genworth Financial Canada for
consistent compliance of 96% or greater
TORONTO, Jan. 30 /CNW/ - 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
"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
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:
For further information: Corporate Contact: Paradigm Quest Inc., Tracey
McLaughlin, Phone: (416) 366-8606 ext. 2295, Email: