Toronto, ON, Canada – January 19, 2015: Strategic Information Technology Ltd. ("SIT") is pleased to announce that Paramount Equity Financial Corporation ("Paramount") has chosen Portfolio Plus to help power its growth strategy in the Canadian mortgage market.
"Portfolio Plus helps deliver our mortgage and investment products to a larger market," said Marc Ruttenberg, CEO of Paramount, "while scaling our growth at a more profitable rate".
Portfolio Plus is a software platform that enables mortgage lenders to bring virtually any type of product to market while also allowing for rapid growth and the addition of new lines of business as the market demands.
"We believe the integration provided by Portfolio Plus to market leading origination platforms coupled with the digital access available to customers, investors, and distributors will give Paramount a strategic advantage," said Chris Buck, CEO of SIT.
Paramount Equity Financial Corporation ("Paramount") is a highly specialized private mortgage lender and administration brokerage licensed through the Financial Services Commission of Ontario. Paramount provides sophisticated underwriting and administration of mortgage investing services to many private mortgage investors throughout Canada. In a lender capacity, Paramount Equity Financial Corporation funds 1st and 2nd Securitized Mortgages which are beyond the lending parameters of institutional lenders. Since inception in 2006, Paramount has provided and continues to provide investors with annual returns in the double digits on their securitized mortgage investments.
SIT, formed in 1988, develops and markets Portfolio Plus, which is used by financial companies in Canada, the U.K., Ireland, and the Caribbean. SIT's banking software enables credit unions, banks, trust companies, and credit companies to offer web banking, mortgages, loans, credit, investments, term deposits, retail, floor plan management, and more. Portfolio Plus can also be tailored, on request, to meet specific customer requirements.
SIT can be reached by calling 905-640-0808. Visit SIT online at http://www.stratinfotech.com.
For more information:
Strategic Information Technology
Telephone: 905-640-0808 x356
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This page was created or refreshed on July 04, 2017 @ 08:31:37
by Strategic Information Technology (SIT) Ltd., Stouffville, Ontario, Canada
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