Built on the buy side.
NPL software, resolution and collateral.
WHO WE ARE
From award to resolution.
Paragon Collateral Solutions was founded by a former portfolio manager at Kondaur Capital (now GITSIT Solutions). Nearly two decades of managing distressed portfolios taught us that the files with document problems are the same files that stall in foreclosure, and that a file only moves as fast as the process around it. So we built asset management around structure: every file has an owner, every milestone is tracked and every delay is visible before it costs you carry.
Today we support institutional NPL buyers three ways: software that puts that structure to work on your book, from boarding through liquidation, with realized and forecasted performance; resolution of your most complicated files, especially in judicial states where foreclosure can take years; and collateral review and cure that protects your repurchase rights.
What we do.
Built around time. Every day an asset sits adds carry, so every service and workflow is designed to move assets to resolution faster.
PLATFORM
Built in the trenches.
The asset management system we needed as buyers didn’t exist, so we built it. See your entire data tape in one portfolio view, while each asset manager works their own assigned loans. Track file comments, follow-up tasks and foreclosure milestones, compare exit scenarios, manage REO renovation and marketing with bids and photos collected from outside parties, and generate investor reports on realized and forecasted performance.
Available to your team on its own, or alongside our services.
RESOLUTION
The best exit isn't always foreclosure.
We identify the fastest path to value on your most complicated files: short sale, deed-in-lieu or cash-for-keys. That includes files in long foreclosure states and deceased borrowers, where we locate heirs or work with our probate partners to have a personal representative appointed.
COLLATERAL
Enforceable files. Protected claims.
After award, we complete the collateral work the acquisition requires. We review every file, prepare assignments and allonges, and cure collateral deficiencies. Our collateral audit confirms each file is enforceable in foreclosure, with the note properly endorsed and the chain of assignments complete. Any file that can't be made enforceable is identified in time to claim before the repurchase deadline. We also handle the collateral work on institutional loan sales, for buyers and sellers, from pre-marketing review through transfer at closing.
Identify. Cure. Deliver.
Team loans resolved: 2,500+
Team collateral managed: $350M+
Team experience: 30+ years
A mortgage is only worth what you can enforce. We fix what stands in the way: broken chains, missing endorsements, lost notes. Then we work the complicated files toward the right exit: a personal representative appointed for the estate, a deed-in-lieu, a repurchase claim filed before the deadline when a defect can’t be cured, or a foreclosure that can proceed without delay. We’ve resolved thousands of them.
Every file has a way out.
Tell us about your pool.
Loan count, states and your deadline help us scope it before the first call.
Frequently Asked Questions
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We serve institutional NPL buyers and sellers in three ways. Collateral: review and cure after award, and loan sale preparation before a pool goes to market. Resolution: loss mitigation on complicated files, including estate and probate cases in judicial states. Platform: asset management software that tracks every loan from boarding through liquidation.
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Institutional NPL buyers and sellers: hedge funds, private equity firms, asset managers running distressed mortgage funds, and nonprofits, including HECM buyers in HUD HVLS and HNVLS auctions.
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Missing or improper note endorsements, allonge deficiencies, broken assignment chains, lost note affidavits, title curative issues, and other documentation gaps that affect the enforceability or transferability of a loan.
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Yes. When collateral is held by a third-party custodian, we work with them directly on your behalf: managing document requests, tracking receipt and keeping the process moving.
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At award. The collateral review and repurchase audit run against a deadline, so the earlier we start, the more of your claim rights we can preserve.
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You own the defect. A file you can't foreclose on and can no longer put back is a loss. Our audit confirms enforceability and finishes before the deadline, so every defective file is either cured or claimed.
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This is one of the most common blockers in reverse-mortgage pools. When heirs haven't opened probate, no one has authority to sign a short sale or deed-in-lieu, and the file stalls. We work with our attorney partners to have a personal representative appointed, which opens the door to a negotiated exit instead of a contested foreclosure.
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Turnaround depends on file complexity, volume and the nature of the defects. We set timelines at the start of every engagement. Our direct relationships with major NPL sellers, including HUD, let us resolve certain defects faster than firms that work through intermediaries.
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Yes. Our team has managed and resolved thousands of files across portfolios valued in the hundreds of millions.
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Yes. We’ve bid on HVLS pools ourselves and know the HECM files: vacant properties, deceased borrowers, and heirs who haven’t opened probate. HNVLS pools add occupied properties, where cash-for-keys and deed-in-lieu often beat foreclosure. We handle the collateral cure, repurchase demands filed under the reps and warranties before their sunset dates, and the resolution both pools require.
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Our proprietary asset management system for distressed loans, built by operators because nothing on the market did the job. See your full data tape in one portfolio view while each asset manager works their own assigned loans. It tracks every foreclosure against expected milestone dates, models exits net of carry, collects documents from outside parties, measures realized performance on liquidated files, and forecasts the value of your whole portfolio.
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Yes. Your team can use the platform on its own, or alongside our collateral and resolution services. Request a demo to see it on a sample book.
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No. We don’t bid against our clients, and client data never leaves the engagement.