Paramount Servicing Group and GovCo Services Announce New Alliance

January 13, 2025

When problems hit an ABS transaction, protecting the resilience and integrity of the transaction infrastructure is critical.

Paramount Servicing Group has partnered with GovCo Services, a public benefit corporation, to provide much needed resilience to the ABS market. Together, PSG and GovCo seamlessly provide cost effective end-to-end transaction governance and servicing solutions.

Paramount Servicing Group: With state-of-the-art primary, private label, and backup loan servicing capabilities, PSG empowers credit providers to leverage superior borrower experience and robust analytical insights for maximum portfolio performance. Our real-time, customized data offers a depth and breadth of analytics that help credit providers make critical decisions in significantly less time.

GovCo Services PBLLC: Unforeseen risks arising from reporting errors, delayed voting, or legal disputes cause volatility that cannot be addressed by trust providers who must remain within their legal boundaries and narrow focus. It takes expertise and insight to act with the speed and authority required to protect transaction participants. GovCo has a $90 billion track record, plus an Advisory Board comprised of global experts in law, regulation, and operations.

The partnership between PSG and GovCo addresses all the key problems in the servicing industry today, including:

• lack of expertise within existing servicing companies
• poor customer service and processes without accountability
• complicated, slow, and expensive legal approach to problem solving
• antiquated technology
• evolving regulatory issues.

To get started, contact Paramount Servicing Group at [email protected] or 800-924-7492.