Integrating Technology in Servicing and Lending

first_imgSubscribe Tagged with: Finance FinTech Technology Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Integrating Technology in Servicing and Lending Earlier this year, Flagstar Bank and Detroit FinTech Bay announced the first startups to participate in the Flagstar Mortgage Tech Accelerator Program. DS News spoke to FinTech professionals including Flagstar Head of Digital Lending Rocky Stubbs about how the program is impacting the shape of FinTechs in the mortgage and real estate industry, and where technology needs to grow and adapt.According to Stubbs, the response to the program from the industry has been positive.“We have other competitors in this space who are very excited to see that we are taking some leadership here,” Stubbs said. “Once these companies deliver their technology into the marketplace of available solutions, we all benefit.”“Once we’re successful with the program, we will all be successful,” he added.“The launch of the program for the first cohort of the Flagstar Mortgage Tech Accelerator is an indication of its effectiveness in sourcing interesting and high quality startups from a uniquely defined vertical of FinTech,” said Maissan Almaskati, FinTech Consortium CEO “This milestone, which coincides with the opening of Detroit FinTech Bay, signifies the potential of the collaboration between Flagstar Bank and the FinTech Consortium to deliver innovation and enhancement across both the mortgage customer experience as well as lender efficiencies.”Stubbs discussed the importance of innovation in FinTech, noting that there are plenty of new tools out there that are making the customer service experience easier and more cost efficient.“There are technologies that are delivering value to the client, within the context of the servicing relationship,” said Stubbs. “We’re able to start thinking about how to push this through to the benefit of the customer.”Another important topic is the legacy systems in place in the servicing industry, and the challenges with integrating new systems with the old.“It is incumbent upon the FinTechs themselves who are developing the technologies to consider their customer base and understand that this is a near-universal problem,” Stubbs told DS News. Fortunately, he notes, technology is starting to catch up, becoming less of an issue in recent years.”Mortgage servicing technology is largely outdated and has been overlooked in this recent wave of FinTech innovation,” said Eric Rachmel, Founder and CEO of Brace. “Partnering with Flagstar and the FinTech Consortium to rethink one of the hardest elements of servicing, default servicing, demonstrates the forward-thinking nature of their leadership teams and will drive value for the broader ecosystem for years to come.”Learn more about the Flagstar Mortgage Tech Accelerator Program here.  Print This Post Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Home / Daily Dose / Integrating Technology in Servicing and Lending Related Articles Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago September 12, 2019 1,333 Views center_img Previous: The Industry Pulse: Update on Altisource, Fund That Flip, and More Next: New Executives at Fintech Company Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Technology The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Share Save Sign up for DS News Daily Finance FinTech Technology 2019-09-12 Seth Welborn About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days agolast_img read more

Mayor’s Message: Temporary Moratorium on Short-Term Rentals Begins

first_imgMayor Jay Gillian Dear Friends,First, I want to thank everybody for doing all they can to help stop the spread of coronavirus. I know this disruption to our work and way of life is not easy.I am aware of the concerns about an influx of new visitors to Ocean City during the current public health emergency.Although Ocean City ordinarily welcomes all visitors, at this time we must take all available steps to enforce social distancing recommendations and limit nonessential travel to Ocean City.As authorized by Gov. Phil Murphy’s Executive Order No. 108, Ocean City will prohibit online marketplaces from offering short-term rentals until further notice.In addition, I have spoken with leaders in the Ocean City real estate community, and they have agreed to suspend short-term rentals of any kind. I urge all private owners to do the same.The U.S. Centers for Disease Control and Prevention (CDC) issued a new request yesterday for all residents of New Jersey and surrounding states to stop nonessential travel.Gov. Murphy continues to allow municipalities to take new measures to fight the spread of COVID-19.I want you all to know that I will do everything I am permitted to do to protect the members of our community, our region and our nation.With the leadership of President Pete Madden and Vice President Tony Wilson, all of City Council is working as a team with the administration to do all we can.We all understand the health crisis we are living with, and a temporary moratorium on rentals can only serve to better ensure the health and safety of all Ocean City residents.We must all work together to reduce the spread of the coronavirus, and I absolutely believe this is another action that must be taken in our collective efforts.Thank you for your cooperation in this matter, and I wish good health to you and your loved ones.Warm regards,Mayor Jay A. Gillianlast_img read more

Colombia: Santos Continuing Success in Narcotics Fight

first_img Argentina: More than 9,000 pounds of marijuana seized By Dialogo April 15, 2011 BUENOS AIRES, Argentina – Counter-narcotics agents confiscated more than 9,000 pounds of marijuana in one operation and arrested two suspects in connection with the confiscation of 79 pounds in another raid, according to the coast guard. The first raid, which netted 4,135 kilograms (9,097 pounds), occurred just before midnight in the municipality of Puerto Rico on April 8, according to the Argentine daily El Liberal. Officials said the marijuana had a street value of US$4.2 million. The second confiscation occurred in the town of Montecarlo. Two men were taken into custody after authorities found approximately 36 kilograms (79 pounds) of marijuana in their car during a traffic stop. The men, whose identities were not released by police, were taken to the nearby town of Eldorado in the province of Misiones to face narcotics trafficking charges, according to El Liberal. TEGUCIGALPA, Honduras – The army will support the police for the first time in an effort to improve the country’s fight against narco-trafficking and organized crime. “We trained members of the naval and air forces to tackle drug trafficking,” Minister of Defense Marlon Pascua told the Honduran daily La Tribuna. Pascua said narco-traffickers have “taken advantage of the geographic location of Honduras to bring drugs in,” according to the Mexican daily Provincia. “There is much to be done in the fight against organized crime and drug trafficking, but results will be seen soon,” Pascua said, acknowledging the government “does not have the necessary financial resources to address both scourges.” Ecuador: Nine tons of narcotics seized in first quarter of 2011 BOGOTÁ, Colombia – President Juan Manuel Santos’ fight against narco-trafficking and terrorism scored three major victories this week when law enforcement agents arrested an alleged high-ranking member of a gang as well as two suspected members of the Revolutionary Armed Forces of Colombia (FARC). Here’s a look at who was taken into custody: • Hilber Nover Urdinola Perea, an alleged high-ranking leader of the Los Machos gang, was arrested on murder, kidnapping, criminal conspiracy and narcotics trafficking charges in the southwestern department of Cauca on April 9, officials said. Authorities had offered a reward of about US$1 million for information leading to his arrest. Perea, who goes by the nickname “Don H,” is the nephew of drug kingpin Ivan Urdinola, who died of a heart attack while in prison in 2002. • Néstor Ramírez Muñoz, the alleged leader of the FARC’s 22nd Front, was arrested by police in Villavicencio, the capital of the department of Meta, on April 10. Ramírez, 47, was apprehended while receiving medical treatment in the city. Ramírez, who goes by the alias “Géner Lara Muñoz,” allegedly joined the FARC when he was 16, officials said. His alleged girlfriend, Paola Andrea Arévalo (Judith), also was arrested during the operation. • Pablo Emilio Rodríguez, a suspected FARC member who was in charge of the organization’s finances, was apprehended by police during a raid in Bogotá on April 10. The FARC is the largest terrorist organization in the Andean nation and has been fighting the state since the 1960s. But FARC membership has dwindled in the past decade, largely because former President Álvaro Uribe and his successor, Santos, have made dismantling the organization a top priority. QUITO, Ecuador – Law enforcement agents seized nine tons of narcotics during the first quarter of 2011, Interior Minister Alfredo Vera said. The seizures “show the great effort made by the National Police through the specialized drug unit to fight drug trafficking in Ecuador as no other country in the region has done,” Vera said in a statement. Ecuador seized 18 tons all of last year and confiscated a record 68 tons in 2009. Vera estimated the street value of the narcotics seized from 2009 and 2011 at US$360 million. The majority of the narcotics were destined for the United States via Mexico or Central America, according to the Ecuadoran website Vistazo.com. center_img Honduras: Army to team with police in narcotics fight Colombia: Authorities seize 803 kilograms of cocaine Argentina: Police seize guns, narcotics in raid BUENOS AIRES, Argentina – Argentine police seized 54 guns, 1,000 doses of cocaine and three kilograms (6.6 pounds) of marijuana during recent raids in the San Fernando district of the nation’s capital, officials said on April 8. The raids led to numerous arrests, including the apprehension of Guido Zappia, who was allegedly caught in possession of nine kilograms (19.8 pounds) of cocaine. Zappia has been charged with narcotics trafficking, according to the Argentine daily El Comercial. CARTAGENA, Colombia – Police officers and navy troops apprehended one suspect in connection with the seizure of 803 kilograms (1,766 pounds) of cocaine on a farm in the town of Pasacaballos in the coastal city of Cartagena, officials said on April 7. The narcotics were expected to be shipped to Central America, where they would have been smuggled into the United States, officials said. The suspect was turned over to prosecutors, who will charge him with narcotics trafficking. The Attorney General’s Office has launched an investigation to determine who also may have owned the cocaine, which has been destroyed by authorities, according to the Colombian website El Universal.com.last_img read more

International buyers splash big cash on Gold Coast rainforest estate

first_imgA rainforest estate at 32 Carey Pde, Tamborine Mountain, has changed hands for a figure believed to be just below $3 million.ONE of the country’s largest privately-held rainforest estates has sold to international buyers in a multimillion-dollar deal. The 21.47ha property perched on top of Tamborine Mountain is known as Carinya and has an 800m driveway which winds through the private piece of rainforest. The deal, which is set to settle in the next few weeks, was rumoured to be inked for a figure just below the $3 million mark. MORE NEWS: Hong Kong buyers turn to Coast following protests Ms Brunt said they wanted a home with casual elegance, contemporary lines, warm tones and to have an artistic celebration of nature within the interiors. “The owners rebuilt the property and did all the gardens — it’s beautiful,” she said. “They are wanting to travel more, they have been there for over 10 years and have decided to have a change.“They have loved it and put their mark on it but want a lifestyle change.”CoreLogic records show the property last changed hands for $1.75 million in 2008. The property is one of the largest privately-held rainforest estates in the country. The international buyers plan to split their time between Europe and the Gold Coast.The four-bedroom house hit the market in August and was passed in at an auction event in September. Amir Prestige Property Agents’ Colleen Brunt and Nick Zhang notched the deal. Ms Brunt would not reveal any details about the sale price but said it was another impressive sale on the mountain. She said the overseas buyers fell head over heals for the property and plan to divide their time between Europe and the Gold Coast. “The buyers are international, from Europe, and were looking for something unique and away from the hustle and bustle of the Gold Coast,” she said. “The buyers looked up and down the Coast, they didn’t just concentrate on Tamborine. “They really loved the Tambourine village lifestyle and the feel it gave them, they felt at home.“They wanted to live with nature and this property allows them to do that.” There are impressive views from almost every room. The house has four bedrooms and three bathrooms.The grounds feature low-maintenance gardens, a fruit orchard, workshed and lagoon and boarder Tamborine National Park. A sweeping panorama of the city skyline, ocean and rainforest were another highlight of the Hinterland home. “Carinya is one of the largest rainforest estates in Australia,” Ms Brunt said. “There are a few of them but this one is one of the largest. It was amazing it attracted an international buyer and we had a substantial amount of inquiries due to the uniqueness of it.” More from news02:37International architect Desmond Brooks selling luxury beach villa9 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoThe vendors spent years recreating the property, drawing inspiration from the picturesque surrounds. Not a bad spot for a game of pool. The property was named Carinya. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:02Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:02 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen5 wow rural home sales around Australia01:03center_img MORE NEWS: Secluded slice of ‘God’s country’ hits the market last_img read more

Nonconference slate coming to a close

first_imgThe USC women’s soccer team looks to build off a big win as they prepare to continue their homestand and wrap up nonconference play against Florida Atlantic on Thursday and Cal State Fullerton on Sunday.Open pitch · Freshman Kayla Mills has provided a spark on offense in her first year at Troy, and leads USC in points (11) and assists (5). – Nick Entin | Daily TrojanThe Women of Troy (4-2-1) ended a three-game losing streak on Sunday with a decisive 5-1 win over Loyola Marymount. After only scoring one goal during the streak, USC erupted for five goals in the first half and four in the first 19 minutes to set a season-high for goals scored. Sophomore forward Katie Johnson finished with a hat trick after 19 minutes of play, with senior forward Elizabeth Eddy and senior midfielder Jordan Marada accounting for the other two goals. Junior goalkeeper Caroline Stanley earned 5 saves before being substituted with about 15 minutes left to play.“I think in our game against LMU it was the first time that you could see we were hungry to score goals,” junior forward Jessica Musmanno said. “That’s the type of mentality we want to continue throughout the rest of our season, just doing the little things right where we were unlucky before. Hopefully the streak keeps going.”Despite the big win over LMU, the Women of Troy dropped out of the NCAA rankings, but are still receiving votes. They entered the weekend ranked No. 23, and have been ranked as high as No. 17 this season.USC is outscoring opponents 18-8 on the year, with Eddy leading the team with five goals. Freshman forward Kayla Mills leads the team in points (11) and assists (5), while Stanley has a .800 save percentage and 0.86 goals against average (GAA) on the season.“Our focus is still on sharpening some of the errors we’ve made defensively that have led to goals,” coach Ali Khosroshahin said. “We create and finish opportunities for ourselves, and being able to do things a little faster, a little quicker, a bit more pressure. The team seems to be responding.”FAU (2-4-1) is coming off a blowout in their last game, a 10-0 rout over Arkansas-Pine Bluff (1-7-0) on Sunday. The team finished with a school-record 40 shots (22 on goal), with midfielder Claire Emslie recording a hat trick and an assist. It was the Owls’ second straight win of the season, after being outscored 8-2 during a five-game winless streak to start the season.It will be the first time that USC has played Florida Atlantic in the program’s history.Esmlie’s three goals and seven points lead the team, while Taylor Sorrels and Julie Taylor have two goals each. Courtney Zwetsch has a save percentage of .750 in 9 games, with a GAA of 1.25.“We can’t really worry about them,” Musmanno said. “We just have to be confident and shut down our defending. I think right now our defenders have been doing really well, so I have faith in our backline that they’re not going to get scored on 10 times [like Arkansas-Pine Bluff].”Cal State Fullerton’s (3-2-2) last contest resulted in a 0-0 tie against Utah State (4-1-2). They outshot the Aggies 17-12 during the contest, but committed a staggering 27 fouls to Utah State’s 10.USC last played Cal State Fullerton in the 2012 season opener, winning the game 3-2 on the road despite having one defender sent off with a red card. Marada had a goal and an assist in the contest.Christina Burkenroad leads the Titans with three points on the year, while Lindsey Maricic has an .882 save percentage and 0.62 GAA on the year. The team has a more defensive mindset, outscoring opponents 5-4 and recording five shutouts on the season.Both games kick off at 3 p.m. at McAlister Field, with USC facing off against the Owls on Thursday before taking on the Titans on Sunday. After this weekend, the team will head on the road to start conference play.Follow us on Twitter @dailytrojanlast_img read more