Virtual loans just a phone call away.Paramco Financial Group, Inc. announced that, with its partner companies, it will be developing the LoanFone VoIP Video Conferencing See videoconferencing. (communications) video conferencing - A discussion between two or more groups of people who are in different places but can see and hear each other using electronic communications. System for the mortgage and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries. The Company plans to deploy the LoanFone VoIP Video Conferencing System to its mortgage company and financial services subsidiaries. The proprietary system will leverage software and a Voice Over Internet Protocol See Internet and TCP/IP. (networking) Internet Protocol - (IP) The network layer for the TCP/IP protocol suite widely used on Ethernet networks, defined in STD 5, RFC 791. IP is a connectionless, best-effort packet switching protocol. (VoIP) platform developed by Paramco's partnering engineering development companies. The proprietary LoanFone System will allow mortgage customers, bankers, loan underwriters, and mortgage vendors to communicate "virtually" face-to-face through the VoIP video conferencing system. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Douglas G. Gregg, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Paramco Financial Group, "Keeping the Company on the forefront of technology by leveraging proprietary VoIP systems for all of its current subsidiaries, and companies that we may acquire in the future, is key to increasing sales on an ongoing basis. "We anticipate that providing customers and loan representatives the LoanFone VoIP Video Conferencing System will give us a competitive edge to increase our lead base, close more loans, and generate greater revenues and profits." Paramco Financial launched this initiative to keep the Company on the forefront of technology and boost sales growth, as VoIP technology explodes throughout a number of industries. Most recently, major communications companies such as Time Warner, Qwest Communications
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