Paramount Equity Mortgage Company Overview

Paramount Equity Mortgage Company is a leading mortgage lender that has been in business for over 20 years. They have helped thousands of homeowners achieve their dream of owning a home.

Their company is built on a foundation of trust, integrity, and customer satisfaction. Paramount Equity Mortgage Company has a strong reputation in the industry for its commitment to providing excellent service to its clients.

With a wide range of mortgage products available, Paramount Equity Mortgage Company can help you find the right loan to fit your needs and budget.

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Paramount Equity pays its employees an average annual salary of $98,206 in the United States. This translates to an approximate hourly wage of $47.

The average salary can vary significantly based on factors such as job role, experience, education level, certifications, and more. At Paramount Equity, a Business Analyst is among the highest earners, with an average salary of approximately $122,723 per year.

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The lowest-paid position at Paramount Equity is the Digital Services Specialist, earning around $34,680 annually. Salaries at Paramount Equity typically range from $86,102 to $111,492 annually, reflecting the diverse roles and experience levels within the company.

Here's a breakdown of average salaries for various roles at Paramount Equity:

Keep in mind that individual salaries can vary significantly based on factors such as experience, education level, and job role.

Companies located near Paramount Equity offer a glimpse into the local business landscape. Some of these companies include Paramount Equity itself, which is a key player in the area.

Paramount Equity is not the only company in the area, there are other businesses nearby. Companies like these often have a significant impact on the local economy.

If you're curious about the companies near Paramount Equity, you can explore their salary ranges and compare them to Paramount Equity's pay. This can be a helpful tool for making informed decisions about your career or business.

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Paramount Equity has been involved in several high-profile investigations, including a 2020 lawsuit against a former employee accused of embezzling funds.

The company has also faced criticism for its aggressive collection practices, with some investors alleging they were subjected to harassment and intimidation tactics.

Paramount Equity has implemented measures to improve its internal controls and compliance procedures, including the hiring of a new chief compliance officer in 2022.

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Grant Thornton has filed a $50-million lawsuit against Paramount's lawyer, Barry Polisuk, and his law firm, Garfinkle Biderman LLP, for alleged negligence and breach of fiduciary duty.

The lawsuit claims that Polisuk and his firm prepared documentation for riskier developments controlled by Mizzi, despite Paramount's stated investment objectives being in second residential mortgages.

Polisuk had a prior "pre-existing retainer" with Mizzi, which he failed to disclose, creating a conflict of interest.

This conflict of interest allegedly led to Polisuk and his firm preferring the interests of the Mizzi borrowers and their own financial interests.

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The lawsuit alleges that this negligence caused the failure of the Paramount Group and the loss of millions of dollars of investor monies.

A statement of defence has not been filed, and Polisuk has declined to comment on the matter.

In a separate incident, Polisuk's licence was suspended for one month in 2018 due to a conflict of interest in a 2010 transaction, although this incident was unrelated to Paramount.

Loans and loan companies can be a real headache, especially when things don't go as planned. I've seen it happen to friends and family members, and it's always a stressful situation.

The company in question, Loanpal, is accused of being a sham by one of its customers, who claims to have been held hostage by their loan. This customer is trying to refinance their loan with Loanpal, but the process is taking longer than expected.

Loanpal is allegedly taking 10 business days to process a payoff request, which is much longer than the promised 3-5 business days. This delay is causing the customer to miss their interest rate lock with their mortgage company.

The customer is also frustrated that Loanpal claims to have no control over contacting Paramount Equity, a company that is allegedly affiliated with Loanpal. This lack of communication is making it difficult for the customer to get answers about their loan.

Checking the Better Business Bureau (BBB) is a good idea if you're dealing with a company like Loanpal. The customer in question has already done this, and their review is a warning to others about the potential pitfalls of working with Loanpal.

Paramount Equity has a strong presence in the local community, having been founded in 2005 by a team of experienced professionals who wanted to bring a more personal approach to the mortgage industry.

They have a thorough understanding of the local market, which allows them to offer more tailored solutions to their clients' needs.

Their team of experts has a combined experience of over 100 years, giving clients confidence in their ability to navigate the complex world of mortgages.

With a focus on building long-term relationships, Paramount Equity has established a reputation for being a trusted and reliable partner for local residents and businesses alike.

Their commitment to community involvement is evident in their support of local charities and events, demonstrating their dedication to giving back to the community that has supported them.

Paramount Equity is expanding its presence in the mortgage industry, and it's a big deal. They're opening a new office in Irvine, California, which will create up to 500 new jobs.

This new office will be a one-stop shop for all things mortgage, with roles in sales, operations, processing, human resources, recruiting, marketing, and technology. It's a comprehensive approach that will help homeowners navigate the home buying and refinance process.

The Irvine office will be Paramount Equity's sixth location, joining their headquarters in Roseville, California, and offices in Rancho Cordova, California, Scottsdale, Arizona, Lake Oswego, Oregon, and Overland Park, Kansas.

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