Previous: Pinpointing the Hottest Housing Markets Next: Angel Oak Selects Closepin for Closing Agent Compliance April 11, 2018 5,713 Views Fintech and the Mortgage Servicing Lifecycle McGuinness brings over 20 years of experience in mortgage, banking, asset management, servicing, securitization, and financial services to Strategic Venture Partners (SVP). Prior to founding SVP, McGuinness was Managing Partner of Lift Strategic Partners, SVP of Single Asset Lending for Colony American Finance (now known as CoreVest Finance), wherein she created the inaugural products and built and oversaw retail and correspondent lending. Previously, she was Director and Head of Asset Management and Transaction Banking for both Premium Point Investments and WinWater Home Mortgage, where she was principally responsible for the creation and management of the program and they were the first hedge fund issuer of RMBS securities. She has also been VP of Asset Management and Breach Administration Manager for Deutsche Bank’s RMBS Business, ran various groups for GRP Financial Services Corp., (a Sallie Mae Company) a mortgage loan acquisition, sales, and servicing business. Prior to GRP, McGuinness spent years as a Senior Managing Paralegal working within real estate law and was responsible for the oversight of paralegals as it pertained to real property purchase and sales, loan closing, foreclosure, bankruptcy, deficiency action, and other types of real estate and mortgage based claims and litigation. McGuinness has also been a mortgage loan underwriter and reverse underwriter. You can learn more about McGuinness and her team at StrategicVenturePartners.org About Author: Jennifer D. McGuinness The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Subscribe Don’t be afraid of fintech. The truth is, you can optimize almost every investment using fintech effectively. Fintech is a popular term used to describe financial technology, an innovation that aims to compete with traditional commercial methods in the delivery of financial services. Typically, fintech is divided into 10 categories:Mortgage and real estateLendingBlockchain and cryptocurrencyPayments and billingPersonal financeRegulation technologyInsuranceCapital marketsWealth managementMoney transfer and remittanceIntegrated properly into both the trading and operational side of the mortgage lifecycle, fintech can not only increase margins but also allow for lenders to originate more loans in less time and in a more efficient and secure manner. Additionally, by using fintech throughout the mortgage lifecycle, each phase of management is enhanced and therefore produces optimized outcomes leading to better investment returns, while still providing the borrower with a great customer experience. A “High Level” Tech-Enabled Residential Mortgage Lifecycle**This chart is provided as a “high level” example of what types of fintech can optimize the lifecycle. It is not to be considered a complete integration or feature roadmap.Is All Fintech Created Equal? The simple answer is, no. It takes time and effort to find the proper fintech partners and solutions for your business. We have spent over two years dissecting a vast array of fintech platforms to find those that work for the operating businesses we all run every day. Also, there is a “knowledge gap” at times between technology thought leaders and the business operators. If the fintech companies do not understand what lenders do, they cannot provide you with solutions. The name that is the most familiar to you may not have the best product. The Right Balance? Fintech companies in partnership with industry veterans that have sat in the seats of each “stakeholder” to ensure that what you are looking to streamline, enhance, and achieve can truly be accomplished and if it cannot today, providing you with this truthful feedback. With increased regulation and the vast array of other challenges in today’s market, you need to be in the specific businesses (origination, servicing, structured finance, etc.) to truly understand the challenges that these businesses, face each day. So, if an “industry veteran” is no longer sitting in a seat similar to yours, for example, building or operating loan business, servicing assets, or structuring bonds themselves, they will not be up to date on the actual challenges facing your business. Fintech: An Opportunity for Non-Bank Lenders Deals in fintech financing rose by almost 20 percent to $27.4 billion in 2017, with the value of transactions in the United States increasing by over 30 percent to $11.3 billion. In just this one year, the number of fintech deals rose from approximately 1,800 in 2016 to nearly 2,700 in 2017, as more investors gravitated toward this type of investment. Since 2013, 80 percent of the top 50 banks by total assets operating in the United States have not acquired a fintech startup. These banks include Bank of America, Wells Fargo, Citibank, and Morgan Stanley, but they are now beginning to catch up. Since September 2017, there have been six fintech acquisitions by five different banks, of which four were making their first fintech acquisition (JPMorgan, BNP Paribas, Credit Suisse, and TD Bank). This equates to more than half of the number of acquisitions made between 2013 and 2017. Also, major technology platforms such as Amazon, PayPal, and Quickbooks are now pursuing business lending, which are data-driven products, to enhance the value of their primary businesses. Amazon has also recently announced that they intend to take on mortgages. Smaller businesses have one crucial challenge: obtaining financing. According to a Federal Reserve study, 70 percent of companies that are less than five years old are in need of funding to grow, but only approximately 23 percent of them can secure funding. Recognizing this, these companies are using the data they’ve accumulated to reinvent traditional business lending models to provide capital to these clients.The thought is that by automating collection methods and improving underwriting techniques, Amazon, PayPal, and Quickbooks could pose a significant long-term threat to traditional lenders, as well as newcomers in the mortgage and alternative lending spaces. This is why it is so important to focus on fintech now. By doing this and executing efficiently, you can strive to compete in a market that is moving quickly toward a “big tech” world. blockchain Contributed Pieces cryptocurrency FinTech Mortgage Lending 2018-04-11 Radhika Ojha Demand Propels Home Prices Upward 2 days ago Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, News, Technology Tagged with: blockchain Contributed Pieces cryptocurrency FinTech Mortgage Lending Home / Daily Dose / Fintech and the Mortgage Servicing Lifecycle Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Sign up for DS News Daily The Week Ahead: Nearing the Forbearance Exit 2 days ago
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26 August 2011 Supporting intra-Africa trade should be a matter of urgency, says Trade and Industry Deputy Minister Elizabeth Thabethe. “The recently launched agreement for the establishment of the Tripartite Free Trade Area has made it more urgent to promote intra-Africa trade, and that should be at the top of the continent’s economic agenda,” Thabethe said at the South Africa-Ghana Business Forum in Cape Town on Wednesday. The free trade area centres on building Africa’s biggest free trade bloc, merging the Common Market for Eastern and Southern Africa (Comesa), East African Community (EAC) and Southern African Development Community (SADC). “Strengthening trade and investment links with the continent is a key policy priority of the government, both to benefit our economy and more importantly, those of our partners on the continent.” Thabethe said African countries had the potential to develop into modern industrialised states that could compete on the world stage, due to their richness in natural resources. The forum, hosted by the Department of Trade and Industry, took place on the second day of the state visit to South Africa by Ghanaian President John Atta Mills, who was accompanied by a strong business delegation. On Wednesday the department, through Trade and Investment South Africa, also signed a memorandum of understanding on trade investment the Ghanaian Investment Authority. Since 2003, bilateral trade between the two countries has been growing, with annual trade statistics indicating South African exports to Ghana to the value of R2.523-billion and imports from Ghana worth R84.275-million. Source: BuaNews
New Delhi, Jun 20 (PTI) Odisha Chief Minister Naveen Patnaik has requested Prime Minister Narendra Modi to officially recognise hockey as the national game of India. Hockey already enjoys the status of the unofficial national game of India and with Odisha all set to host the World Cup in November, Patnaik urged Modi to make the status official. “As you know Sir, the next World Cup Hockey will be held Odisha in November this year. While reviewing the preparations, I was surprised and shocked to know that what is popularly known as the National Game – Hockey, has in fact never been notified as our National Game,” Patnaik wrote in his letter, which is in possession of PTI. “Hence I am sure you will agree with the crores loving fans of our country – that Hockey truly deserves to be notified as our National Game. This will be fitting tribute to the great Hockey players who have made our country proud,” Patnaik said. In February, the Odisha government also announced a first-of-its-kind association when they replaced Sahara as the official sponsors of Indian hockey. Hockey historically has been the sport that has given the most accolades to India with eight Olympic golds. PTI APA APA ATAT
KUSI Newsroom, 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – A number of marines from Camp Pendleton returned home after six months in Kuwait.Marine Air Control Squadron 1 returned to the base Monday afternoon. Marines from Camp Pendleton return Posted: April 9, 2019 April 9, 2019 KUSI Newsroom Categories: Local San Diego News FacebookTwitter
What’s in a Surname, a play directed by Anurag Arora, talks about the complex nature and prejudices of the Indian society that has far more surnames than names. The award-winning play was exclusively staged for the senior citizens of Ashiana Nirmay. What’s in a surname is originally named Ravi aur Ravi. This comedy play is written by veteran playwright Ashok Lal. Awarded by Dilli Sahitya Kala Parishad, this comedy play is a laugh riot still relevant, thought provoking and dramatically engaging. The play is intricately woven with India’s socio-political scenario-and home-grown humor. It is the story of two fellow-students and great friends – one from the so-called ‘upper caste’ and the other from a ‘scheduled caste’. Also Read – ‘Playing Jojo was emotionally exhausting’The former is in search of a job, and the latter wants to get married to his love, a girl from ‘upper caste’, and a friend of both the friends. The friends cannot get to their destinations because of social imperatives. So they change their identities. Thereafter, as a play, it is a roller-coaster ride- and complete mayhem in the lives of the protagonists. Anurag Arora is a well known name in theatre circle and it has been his passion for the past 15 years. He hav edone around 400 shows under the direction of eminent directors and have featured in Bollywood movies like Oye Lucky Lucky Oye, Chittagong, Matru Ki Bijli Ka Mandola, Fukrey etc.
New Year resolutions are not as hard to stick to as people generally assume if you follow a few simple methods, says a psychology lecturer at the University of New South Wales in Australia.One of the research-supported methods to stick to New Year’s resolutions is to set goals with friends instead of going about it alone, said Lisa Williams in an article published recently in The Conversation, a news and commentary site.“One research study found signing up for a weight-loss programme with friends and having that social support reinforced over time resulted in an increase from 75 percent to 95 percent in course completion. It even resulted in an increase from 24 percent to 66 percent in weight-loss maintenance, compared to signing up alone and receiving treatment not focused on social support,” Williams said. Also Read – ‘Playing Jojo was emotionally exhausting’Another way to make resolutions work is to set a range for a goal, rather than making it specific. “Research suggests that setting a range for a goal (planning to lose five to ten kilograms) rather than a specific target (aiming to lose eight kilos) will likely be more effective,” she pointed out.Williams also suggested that recommitting yourself to the goals at regular intervals — for example, on first day of every month or first day of every week can boost your chances of achieving the goals that you have set for yourself.“Clearly, the calendar itself can help in re-committing to goals. From this view, ‘a case of the Mondays’ could be the impetus to revisit the gym, shut off email in the evening, or trade spaghetti bolognese for salad,” Williams noted.