(Roseville, Calif.) — Paramount Equity Mortgage was founded six years ago with a mission to revolutionize the mortgage industry by bringing a new level of competitive pricing, speed of transaction, and ethical education to mortgage customers. With that accomplished, the owners began growing Paramount Equity into a more comprehensive company, offering important services to help families save money on all of life’s biggest expenses. Over the six-year evolution of the company, Paramount Equity has expanded to offer life and home insurance, reverse mortgages, credit score education, and most recently, residential solar power systems with Paramount Energy Solutions.
Through its multiple business divisions and goals to expand services beyond California, Paramount Equity has been able to serve the unique needs of tens of thousands of customers in California, Oregon, Washington, Utah, Arizona, and Virginia. The expansion of the business has led to steadfast financial growth with the company completing more than $7 billion in loans in the mortgage division alone.
“Throughout Paramount Equity’s history, we’ve always put our customers first and we’re constantly thinking of new ways to better serve their needs,” said Hayes Barnard, Paramount Equity owner and president. “We care about those we serve and want to give families a better way of life by saving them money and helping them protect their assets.”
Paramount Equity’s commitment to the communities they serve transcends beyond its customer interactions. The team supports a variety of organizations and programs that provide opportunities for people to prosper. The company’s community support includes volunteerism, sponsoring special events, charitable fund raising, and providing company-funded financial support. Since its inception, Paramount Equity has donated $169,625 and provides its employees with 4300 hours of additional paid time off to donate their time to community charities and volunteer programs.
Paramount Equity Timeline
In six short years, Paramount Equity has rapidly grown from a single-location mortgage company to a comprehensive financial services firm, providing cost-saving options to customers in six states. Significant milestones have marked Paramount Equity’s first years of business.
2003
• Paramount Equity Mortgage opens in Roseville, California
2004-2006
• Portland, San Diego and Seattle offices open
2005
• Paramount Equity completes $1 billion in loans to date
2006
• Paramount Equity completes $3 billion in loans to date
• Paramount Equity receives the Sacramento Business Journal “2006 A+ Employees Award,” for the large company category (1st place)
2007
• Paramount Equity launches three new divisions: Paramount Equity Insurance Services; Equity Advantage, the reverse mortgage company; and a will and estate planning division in partnership with Ameristate
• Paramount Equity receives the Sacramento Business Journal “2007 A+ Employers Award,” for the large company category (3rd place)
2008
• The Power of One, the company’s volunteer program, is launched allowing up to 4300 hours of additional paid time off to employees who want to donate time to local charities
• Paramount Equity receives the Oregon Association of Broadcasters “2008 Star of Broadcasting Award”
• Paramount Equity is a finalist for the Sacramento Area Human Resources Association (SAHRA) “2008 Sacramento Workplace Excellence Leaders Award”
2009
• Paramount Equity completes $7 billion in loans to date
• Paramount Equity launches two new divisions: Paramount Energy Solutions, the firm’s clean energy company, and Ready Rescore, a personalized credit coaching system
• Paramount Equity Owner and President Hayes Barnard, receives “2009 Entrepreneur of the Year” from the Roseville Chamber of Commerce
• Paramount Equity has donated $169,625 to community charities since opening
• The company has closed more than 30,000 mortgage transactions since opening
