COR Financial Solutions says that PARAGON, its portfolio/collateral management and accounting solution, has been implemented by the Doral Financial Corporation of Puerto Rico.
Doral Financial, located in San Juan, Puerto Rico, has licensed PARAGON to manage its investment portfolio. “Our selection of PARAGON was based largely upon COR’s understanding of our needs and the product’s ability to fulfil those needs,” says Yamil Perez, Project Manager for Doral Financial Corporation. “Our operations are quite diverse and the implementation of this solution will provide us with tighter controls and increased productivity that will lead to lower costs and opportunities for increased revenue generation.”
Doral Financial Corporation is a mortgage banking company in Puerto Rico which also has retail and commercial banking operations.