Paradigm announces a milestone achievement of $3 billion of mortgage
assets under administration
TORONTO, Sept. 19 /CNW/ - Paradigm Quest Inc. (Paradigm), an exclusive
provider of end to end mortgage underwriting and servicing for lenders and
investors, announces that it has reached $3 billion in assets under
Paradigm continues to set precedence in the Canadian mortgage market,
growing assets under administration from less than $1.5 billion in its first
year of operation to $3 billion in total assets under administration in its
next 9 months of operation.
Kathy Gregory, CEO of Paradigm indicates, "While we are thrilled to have
doubled our assets under administration, we are especially pleased with the
quality of our mortgage portfolio and its performance. Ms. Gregory continues,
"It is a confirmation that our industry leading underwriting practices coupled
with our strong credit and customer servicing teams are responsible for
achieving this tremendous result."
In addition to the depth of experience and support of the Paradigm senior
leadership team and their employees, the achievement was made possible through
the company's top tier wholesalers and its partnership with its first lender
MERIX Financial Inc. (MERIX).
Boris Bozic, President & CEO of MERIX states, "Paradigm is a partner who
identifies with our market and is innovative in its business approach. They
understand the importance of building relationships with originators, and are
thriving because of that."
Paradigm intends to build on this momentum going forward. Gregory states,
"We are very proud of this success and feel it is a testament to the
dedication demonstrated by our employees to make this happen." The company's
growth strategy includes a number of key initiatives that focus on product
development and expansion to place Paradigm at the forefront of the mortgage
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 less than
two years of operation the company has accumulated $3 billion in assets under
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: