St. Louis, MO -- Paramount Mortgage Company, Inc., has been awarded Lender of the Year by the Missouri Housing Development Commission (MHDC), a state agency that administers government programs providing affordable housing.

Paramount Mortgage Company has earned the Lender of the Year status consecutively for each of the three times MHDC has awarded a winner in 2007, 2010, and 2011.

This Lender of the Year honor is recognition of a lender's commitment to quality and efficient loan processing with the best average time from loan reservation to loan funding.

Paramount Mortgage earned a grade rating of A+ by providing borrowers loan funds an average of 33 days faster than the 80-day average for all of the 69 participating MHDC certified lenders.

Paramount Mortgage has been an MHDC certified lender for 23 years and helps provide first-time homebuyers and qualified veterans Cash Assistance Loan financing with MHDC's First Place Loan program.

For information about the company, please visit Paramount Mortgage Company's website: www.ParamountMortgage.com. Phone: 314-372-4300. Address: 347 N. Lindbergh Blvd., Creve Coeur, MO 63141-7811.

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About Paramount Mortgage

Paramount Mortgage is headquartered at 347 N.Lindbergh Blvd., Creve Coeur, MO, NMLS Office: 67856. Established in 1970, the company has opened four branches nationwide, maintains a staff of 64 employees and is licensed to provide residential mortgages in Missouri, California, Florida, Idaho, Illinois, Iowa, Texas and Washington. Paramount Mortgage provides Fannie Mae/Freddie Mac agency products and a full suite of jumbo and portfolio loan programs. The company is designated FHA/VA, FHA 203K and USDA approved.