Paramount Servicing Group

Paramount Capital Group LLC dba Paramount Servicing Group began operations in 1997 providing capital to the private student loan market via loans through trade schools and servicing the portfolio. In 2014, the company started to contract with lenders and originators to service their portfolio on the enhanced Paramount Advantage servicing platform and has been recognized as a top consumer loan servicer. On August 1, 2024, ECN Capital Corp. (TX:ECN) and Larry Chiavaro through his First Associates Advisors LLC acquired the majority of the stock in Paramount as the company is ready for continued growth. Larry Chiavaro, former Co-Founder of First Associates Loan Servicing later re-branded, is a recognized industry wide leader in servicing, having built his prior company from 6 employees to 900 employees and a successful exit to private equity. Larry and ECN believe that the servicing industry is broken with as the lack of expertise by existing companies is prevalent today, antiquated technology and poor customer service and processes, regulatory issues among a few, and no accountability by the servicers to provide excellent borrower customer service. Paramount Servicing Group is now primed to be the leader in the serving industry in the US and Canadian markets.