Source = e-Travel Blackboard: S.P Pow Wow delegates will be treated to a private glimpse of IRIS by Cirque du Soleil Los Angeles is set to host U.S. Travel Association’s International Pow Wow convention from 21-25 April, highlighting a range of the city’s hotels, award winning restaurants and cultural attractions in L.A. The City of Los Angeles is expected to reap an immediate economic benefit of US$9.7 million from hosting the international convention plus an additional US$350million in the next couple of year post Pow Wow as a result of the anticipated increase of international business travel. Major sponsor Universal Studios President Larry Kurzweil is also Chair of the Pow Wow Committee, along with other premier event sponsors Cirque du Soleil, Hollywood & Highland Centre, Los Angeles Airports, Brand USA and Visit California. Los Angeles Tourism & Convention Board president and CEO Mark Liberman said they are working together to showcase the City of Los Angeles to the Pow Wow delegates.”International visitors make up about 20 percentof the visitor market, but account for nearly 35 percent of visitor spending,” Mr Liberman said. “Pow Wow gives us the opportunity to grow our international market share.” Attracting over 1,500 international and domestic buyers from 70 countries plus more than 400 international media travel suppliers and organisations, Pow Wow will have an immediate economic impact with millions of dollars injected into future tourism. “The last time LA hosted Pow Wow was in 2004, so much has changed throughout the City since then and we are anxious to showcase the outstanding new products that our City has to offer, while generating future revenue.” Mr Liberman said.
In December last year, Qantas reported underlying losses of up to AU$300 million for the first half FY2014 and announced plans to slash 1,000 jobs, citing weakened market conditions. Qantas Airways have tough times ahead, given the difficult platform from which the airline must attempt to regain its market lead, according to new research results. Research derived from OAG’s Frequency and Capacity Trend Statistics (FACTS) report for January 2014 revealed that Australia’s domestic aviation market, dominated by Qantas and subsidiary Jetstar, has suffered significant consolidation. “Although the outlook seems challenging for Qantas at the start of 2014, its new relationships with Emirates and China Southern may prove to be strategically sound moves and provide a much needed shake-up of the Qantas-Asia network,” Mr Grant said. Australia’s domestic aviation marketplace witnessed a 38 percent reduction in the number of carriers operating in the last five years; with 16 carriers as of January 2014, down from 26 in 2008. Qantas’ share of the Australia-Asia market has fallen from 14 percent in January 2013 to 11 percent in January 2014, while the airline’s international business has remained flat over the last five years. Source = ETB News: P.T.
American Airlines B777-300ER flies over Sydney HarbourAmerican Airlines’ state-of-the-art, flagship Boeing 777-300ER aircraft performed a flyover of Sydney Harbour this morning and was welcomed by joint business partner Qantas in Hangar 96 at Mascot. The aircraft visit is a prelude to American’s new daily service from Sydney to Los Angeles, which starts on December 19, as part of the carriers’ expanded partnership announced earlier this year.Guests from media, aviation, corporate customers and sales agents were hosted by American Airlines chairman and CEO Doug Parker and Qantas Group Chief Executive Officer Alan Joyce . They toured the B777-300ER and experienced the all-aisle access, fully lie-flat First and Business Class seats and viewed the walk-up bar in the premium cabins. Every seat on the aircraft, including Main Cabin and Main Cabin Extra, features personal, in-seat, on-demand, HD entertainment screens with up to 250 movies, 160 TV programs and more than 350 music selections and games. American also offers international Wi-Fi capability, universal AC power outlets and USB ports throughout all cabins.American Airlines chairman and CEO Doug Parker said, “bringing our 777-300ER to Sydney demonstrates our commitment to Australia. American is making a $2 billion investment in our onboard products and airport facilities by upgrading our cabins, offering more inflight entertainment options, refreshing our Admirals Club lounges worldwide and upgrading our food and beverage options. This visit is an important opportunity to showcase to Australian customers American’s world-class product.“It was an incredible thrill to witness our Sydney Harbor flyover this morning and it is a proud day for the 100,000 employees at American to see our aircraft with the iconic Sydney Harbour.”Qantas Group CEO, Alan Joyce, said Qantas was excited to welcome the carrier’s longest-standing codeshare partner to Sydney.“We are delighted to welcome our friends at American Airlines and their flagship B777-300ER on this visit to Sydney, to celebrate the next chapter in the 25 year partnership between our two great airlines. It really highlights to the Australian market what we can jointly offer across the Pacific,” said Mr Joyce.“This is a boom time for American tourism in Australia. More than half a million Americans visited Australia last financial year, spending over three billion dollars in the process.“Together we will be championing Australia in the US to unlock the potential of the trans-Pacific market, providing customers with more destinations, a more coordinated network, and world-class travel experiences,” said Mr Joyce.Earlier this week at a press conference in Wellington, American announced that it would commence service from Auckland to Los Angeles. The service will start on 25 June 2016 from Auckland pending regulatory approvals and goes on sale on 23 November. This route will be operated by a Boeing 787-8, the newest aircraft in American’s fleet. The flight will be operated as part of American’s joint business with Qantas.In June, American and Qantas announced increased options between the U.S. and Sydney Airport (SYD), with American launching a new nonstop flight from LAX, and Qantas adding a new flight from San Francisco International Airport (SFO), both beginning in December. Fly American AirlinesSource = American Airlines
Extremely fast growth recorded in first quarter at Luxembourg AirportDuring the first quarter of 2016, the passenger growth has far exceeded the expectations of lux-Airport and is probably amongst the highest growth rates ever recorded at the airport. In January, passenger numbers rose 16.5% compared to the same month in 2015, in February this growth rose further to 21.3% and in March the growth rate reached a record of 27.5%.The total number of passengers passing through the airport in the first quarter reached almost 580,000 (+22.2%). In March alone this was almost 230,000 passengers, the first time ever that the 200,000 passenger barrier was passed as early as March.Luxair remains the largest airline, and recorded a significant growth of 10.1% in March. The fastest growth in March however came from Lufthansa with 419% thanks to their 8 daily flights equally split between Munich and Frankfurt (vs 2 daily flights last year to Munich only), followed by Easyjet at 63.9% thanks especially to their new Porto route. Also KLM and British Airways recorded impressive growth at 19.7% and 17.6% respectively.In March too, Hop! and LOT Polish Airlines completed their first full month of operation to Lyon and Warsaw, respectively launched on 22 February and 1st March. At the end of March, Luxair opened a new connection to Prague (4 weekly flights) and Luxair Tours started Almeria in Spain (1 to 2 weekly flights). The next inaugurations will take place in May with Aegean Airlines launching flights to Athens and Luxair Tours to Zadar in Croatia.March was especially busy because of the closing of Metz-Nancy Lorraine Airport. Air Algérie, JetairFly and Hop! added approximately 9,000 passengers to the March total. The runway works at Metz-Nancy Lorraine Airport will be completed on 6 April and these airlines will resume their operations gradually at the French airport. The closing of Brussels Airport since the terrorist attacks on 22 March also added a number of passengers: several passengers with flights booked at Brussels Airport are now rebooked on the same airline departing or arriving at Luxembourg Airport. This leads to a number of airlines increasing the aircraft size and on most airlines this results in fuller flights. Lux AirportSource = Lux Airport
Source = Victorian Tourism Conference Tourism trends to be uncovered at the 2016 Victorian Tourism ConferenceTourism trends to be uncovered at the 2016 Victorian Tourism ConferenceThe thriving state of Victoria’s tourism industry and the latest market tends will be put under the spotlight at the 2016 Victorian Tourism Conference. Presented by the Victoria Tourism Industry Council (VTIC), the conference will be held on Monday 25th and Tuesday 26th July at Bendigo’s Ulumbarra Theatre and will feature a jam packed program of presentations and workshops that will demystify current tourism industry trends and arm tourism businesses with the essential tools for capitalising on the current market.An important contributor to the state’s economy, the Victorian tourism and events industry currently employs 204,000 people, half of this in regional locations, and generates more than $20 billion per year. And the future for the tourism industry looks bright, with continued strong growth predicted for key markets. The latest data from the International Visitor Survey shows that, in the year ending March 2016, international overnight expenditure in Victoria grew by a staggering 23.7% to reach $6.7 billion. This figure far exceeds that national average growth of 17.6%.The growth of the tourism industry is indeed a global phenomenon. According to figures from the United Nations World Tourism Organisation tourism spending is on the increase with total outbound travellers increased by 10 percent to 128 million. These latest figures also indicate a rise in international traveller spending with international tourism receipts growing by $1.4 trillion in 2015.With such great opportunity for growth, it’s never been more important to businesses to keep abreast of current trends in an effort to maximise their growth. Keynote speakers at the 2016 Tourism Conference will uncover a host of latest trends and open the forum for discussions and workshops that will help delegates ensure their businesses are one step ahead.Author and keynote speaker, Steve Sammartino, will set the scene for the conference, taking a close look at the digital revolution and highlighting ways tourism businesses can thrive in this new environment.Mobile usage is continuing to grow and there’s no end in sight. Research shows that connected travellers are more satisfied with their experiences and also share more of their adventures along the way; acting as powerful brand ambassadors. Social media guru, Sam Mutimer, founder of Thinktank Social, will look at strategies for meaningful engagement on the worldwide web.In another session of the conference, Google Australia’s Head of Tourism, Dougal McKenzie will share his insights into the way consumers dream, plan and book their travel and how these behaviours evolve day by day, minute by minute. Dougal will captivate audiences with his studies on how tourism business can capitalise on these new trends. Register here
The B2B distribution channel from Bird Group, BirdRes, recently partnered with OYO. Through this association, BirdRes will provide OYO with access to its nationwide network of travel agents and help expand its business in the Indian market.Commenting on the partnership, Rakesh Mehta, Manager– Operations, BirdRes, said, “This partnership will offer BirdRes customers an easy access to book OYO Rooms for their clients through a simple and hassle-free payment process. Further, it will offer OYO a large platform to offer their services to a wide range of travel agents all over India.”Abhinav Sinha, COO, OYO, said, “With over 25,000 registered travel agents, the platform provides us seamless access to this preferred network of India’s top corporates and mid-sized businesses. It enables us to offer OYO’s hassle-free stay proposition to a new set of corporate travellers across the country.”As per the partnership, OYO will offer BirdRes customers with standardised stay experiences across 200 cities. Additionally, OYO’s real-time booking functionality will also help BirdRes customers save time by avoiding third party involvement. Further, customers can use their existing BirdRes credit limit or credit cards to make online payments anywhere through a fully secured interface.
in Data, Government, Origination, Secondary Market, Servicing, Technology January 16, 2012 427 Views Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Processing Service Providers 2012-01-16 Abby Gregory The “”Thomson Reuters/University of Michigan index””:http://thomsonreuters.com/products_services/financial/financial_products/a-z/umichigan_surveys_of_consumers/ polls an estimated 500 households per month to calculate the consumer sentiment values, and the U.S. is rebounding off of low recordings seen as recently as August 2011, at which time consumer sentiment sat at only 55.7 on the index. [IMAGE]Multiple factors are believed to have contributed to the uptick in consumer sentiment including lower levels of unemployment and dropping gas prices. While the recent statistics are [COLUMN_BREAK]encouraging, the creators of the index were also quick to note that the rise in consumer sentiment will likely be somewhat mitigated this year by limited wage gains and depressed home pricing.Speaking to _Bloomberg_, Sean Incremona, senior economist for “”4Cast Inc.””:www.4castweb.com/, said of the survey, “”It does look like the pace of growth is pretty steady and this helps keep that intact for now. We have seen positive numbers on the employment side and gasoline prices have reduced their squeeze on consumers.”” The news outlet went on to provide its own estimates for the future of consumer sentiment during 2012, stating that its poll of 68 economists resulted in predictions of 68.5 to 77 for the month of January. Tallying consumer expectations for the next six months, the projections within the index extended to 68.4, which is the highest forecast on record since May 2011. Looking at current consumer conditions, the index showed that the purchase of high-value items such as vehicles is on the rise at present, ringing in at 82.6 on its scale. The current conditions evaluation is the highest rating displayed by the Thomson Reuters/University of Michigan index since February 2011. Consumer Sentiment Ticks Up in January Share
“”Tree.com, Inc.””:http://www.tree.com/, and “”LendingTree, LLC””:https://www.lendingtree.com/, are welcoming a new senior leader to their ranks. The entities recently announced that Nikul Patel has been appointed as senior vice president of products.[IMAGE]Prior to joining Tree.com and LendingTree, which is a business of Tree.com, Patel accrued more than 16 years of industry experience in technology and product management. [COLUMN_BREAK]Most recently, Patel was the COO and VP of products for “”Home-Account.com””:http://www.home-account.com/home/.Speaking out on Patel’s addition to the company, the chairman and CEO of Tree.com, Doug Lebda, said, “”In the three months Nikul has been with the company, he has proven himself to be an invaluable member of the executive team. His experience and knowledge of the industry are unmatched and his plans for improving the LendingTree product and customer experience are already well underway.””””I am extremely excited to be a part of the LendingTree team, which has a remarkable brand and powerful resonance for consumers engaging in online financial services,”” added Patel. “”There is enormous opportunity in this business to revolutionize the mortgage comparison shopping experience for consumers and extend the business platform into other verticals. Ingenious product enhancements and an improved user experience will undoubtedly take the brand even further,”” Patel concluded. Tree.com and LendingTree Announce New SVP of Products Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Movers & Shakers Processing Service Providers 2012-10-04 Abby Gregory October 4, 2012 440 Views in Data, Government, Origination, Secondary Market, Servicing, Technology Share
Mortgage Demand Down in Latest Quarter, Terms Tighten February 4, 2014 377 Views A survey of bankers from nearly 100 institutions turned up mixed numbers for credit standards and loan demand in the last three months.[IMAGE]The “”Federal Reserve””:http://www.federalreserve.gov/ released Monday its January 2014 “”Senior Loan Officer Opinion Survey””:http://www.federalreserve.gov/boarddocs/snloansurvey/201402/fullreport.pdf, a poll examining changes in lending standards and demand in the latest quarter. The January report’s results include responses from 75 domestic banks and 21 U.S. branches and agencies of foreign banks.According to the findings, a very small net percentage of banks tightened lending standards on prime residential mortgages over the last few months, with 1.4 percent saying standards have “”tightened considerably.”” The share of banks who either tightened or eased standards “”somewhat”” offset each other at 8.5 percent each, while the majority–81.7 percent–reported no change.Looking at bank size, 16.7 percent of large banks reported easing standards, while a combined 5.6 percent tightened [COLUMN_BREAK]their criteria. Among smaller banks, 14.3 percent reported tighter standards, and none reported easing.Of the few banks offering subprime mortgages, 20 percent tightened standards, while 80 percent left them alone.A survey released “”late January””:https://themreport.com/articles/underwriting-standards-ease-as-banks-vie-for-business-2014-01-31 from the Office of the Comptroller of the Currency indicated more banks last year were easing standards to stay competitive. However, the period covered in that survey ended in June.Whether it was because of higher hurdles to clear or last year’s rise in interest rates, a moderate fraction of banks reported a drop in demand for prime purchase mortgages, with a combined 47.9 percent saying demand was weaker. Only 19.7 percent saw greater consumer interest in prime residential loans; the remaining 32.4 percent said demand was “”about the same.””Demand for home equity lines of credit (HELOCs) was little changed, with 16.9 percent of banks reporting stronger demand and 19.7 reporting weaker demand. On net, more banks reported easing HELOC standards than tightening (7.0 percent compared to 4.2 percent).In a special question posed for January’s survey, the Fed asked banks about their expectations for loan delinquency and charge-off rates over the next year, assuming economic activity moves in line with consensus forecasts.Reponses indicate most banks have higher expectations for loan quality this year. On net, 46.5 percent of banks surveyed expect quality to improve somewhat for prime residential mortgages, while 33.3 percent said subprime loan quality should improve.For HELOCs, a net 33.4 percent of respondents said loan quality is likely to improve this year. Agents & Brokers Attorneys & Title Companies Credit Availability Credit Standards Demand Federal Reserve Investors Lenders & Servicers Service Providers 2014-02-04 Tory Barringer in Data, Origination Share
Share in Headlines, News, Technology ARMCO Announces New COO January 12, 2015 541 Views Aces Risk Management Movers & Shakers 2015-01-12 Tory Barringer Florida-based Aces Risk Management (ARMCO), a provider of Web-based audit technology for the financial services industry, has tapped mortgage quality control expert Phil McCall to serve as COO.According to an announcement, McCall brings more than two decades of experience in quality control, loan origination and underwriting, mortgage fraud, loss and litigation, and real-estate based transactions to the firm.Prior to joining ARMCO, McCall served as COO for IMARC, a provider of forensic loan auditing and loan data verification. Previously, he held executive positions for three private mortgage banking firms, serving as a liaison to Wall Street and working as a seller/servicer with Fannie Mae and Freddie Mac.In a release, ARMCO said McCall will be responsible for leading the company’s efforts to maximize big data benefits in its ACES Web Audit Technology.”Big data is going to be one of the key themes in 2015 from a mortgage quality control and regulatory compliance perspective,” said Avi Naider, chairman and CEO for ARMCO. “Phil McCall’s extensive background in QC and underwriting is an asset to ARMCO and will aid us in continuing to refine our ACES quality control software and compliance technology so that our customers can leverage big data to its maximum benefit.”In his own remarks, McCall said he’s known ARMCO and its executive leadership for years now and is familiar with the company’s efforts to make enhancements to its software to meet risk management and quality control needs for users.”As COO, my goals are to guide ARMCO through this next phase of growth and to help expand the services designed to position mortgage quality control professionals for proactive problem resolution,” he said.
Freddie Mac Keeps Making Taxpayers’ Load Lighter in Daily Dose, Government, Headlines, News, Secondary Market Credit Risk Transfer Freddie Mac Structured Agency Credit Risk 2016-05-16 Seth Welborn Freddie Mac’s Structured Agency Credit Risk (STACR) series shows no signs of slowing as it approaches its third anniversary. On Friday, Freddie Mac announced its intention to sell the 21st STACR debt notes offering overall in order to transfer more credit risk on single-family loans to private capital market investors.Last year, Freddie Mac exceeded by $90 billion the goal of laying off $120 billion in credit risk for the full year of 2015 as set forth by the FHFA’s conservatorship scorecard—eventually laying off $210 billion in credit risk for the full year through STACR.“Single-family risk transfer was zero a few years ago by comparison. Now it’s a fast-moving field,” Freddie Mac CEO Donald Layton said. “The instruments we use are growing and evolving. We’re also doing this with sound economics. It’s very exciting.”While the conservatorships continue, so do the Enterprise’s initiatives to ease the risk for taxpayers by further involving investors in the private capital market. The STACR offering announced by Freddie Mac on Friday (STACR 2016-HQA2) is the fourth of 2016. JPMorgan and Citigroup will serve as co-lead managers and joint bookrunners on the transaction.The LTVs of the loans in STACR 2016-HQA2 range from 80 to 95 percent, and the single-family mortgages contained in the reference pool have an aggregate unpaid principal balance (UPB) of $18.4 billion. All of the mortgages in the reference pool are 30-year fixed-rate mortgages recently acquired by Freddie Mac, according to the announcement.Freddie Mac was the first agency to use STACR and Agency Credit Insurance Structure (ACIS) to market credit risk transfer transactions; in just two years, the investor base has grown to include more than 170 unique investors, according to Freddie Mac. In order to help investors plan their allocations, Freddie Mac has published a STACR issuance calendar on the Credit Risk Offerings page of its website. Share May 16, 2016 496 Views
Black Knight clients are in luck; lenders using the firm’s LoanSphere Empower LOS will now have access to an advanced online loan application platform that lets customers apply for a mortgage with only a mobile device.Through a partnership with Lender Price, Black Knight will now offer a consumer-facing platform that lets anyone apply for a mortgage digital online or via smartphone. The technology has been in the works at Black Knight for some time; it was just a matter of finding the right vendor, according to Jerry Halbrook, President of Origination Technologies and Enterprise Business Intelligence at Black Knight.“Black Knight looked at several options,” Halbrook said, “and we believe Lender Price was the very best choice to support our clients’ needs and advance our solutions.”The Lender Price platform boasts several high-tech features. It boasts a voice-enabled application that can interact with consumers and ask the questions; offers real-time interest rates, fees, and products; verifies credit, income, and assets; verifies property and tax details; and can secure property valuations. Customers can also upload documents using the platform.The integration with Lender Price is set to be a game-changer for Black Knight LOS clients, according to Halbrook.“The addition of a powerful, consumer-facing digital user interface is a tremendous breakthrough in advancing our digital strategies and creating more competitive advantages for our clients,” Halbrook said. “Combining the comprehensive technology capabilities of Black Knight’s Empower system with Lender Price’s advanced digital capabilities will increase the speed to market for our clients that are aggressively expanding into the digital marketplace and transform the user experience for their consumers.” in Headlines, Technology Black Knight lender price 2017-04-25 Aly J. Yale April 25, 2017 577 Views Black Knight LOS Goes Digital Share
fed chair Federal Open Market Commitee Federal Reserve Interest rates Janet Yellen 2017-12-13 David Wharton With Interest Rates Rising, Yellen Addresses Tax Reform December 13, 2017 627 Views in Daily Dose, Featured, Government, journal, News Share Today, the Federal Reserve raised its benchmark interest rate for the third time this year—an increase in line with the series of gradual rate hikes the Fed has been making in an effort to normalize its balance sheet. The Fed increased short-term interest rates by a quarter percentage point to a range of 1.25 percent to 1.5 percent.Fed presidents Charles Evans of Philadelphia and Neel Kashkari of Minneapolis voted against the interest rate hike.The Federal Open Market Committee also raised its GDP estimate to 2.5 percent, up from 2.1 percent in September 2017. The inflation forecast for 2018 increased from 1.6 percent to 1.7 percent. The unemployment rate is projected to be 3.9 percent in 2018 and 2019, then tick upward to 4.0 percent in 2020. It is currently at 4.1 percent.The Federal Open Market Committee’s statement full statement can be viewed by clicking here. The Committee’s Economic Projections can be found here.During a press conference that capped off the Fed’s two-day policy meeting, Fed Chair Janet Yellen said that, if the Congressional tax plan is passed, the tax changes “will likely provide some lift to economic activity in coming years.” However, she cautioned that “the magnitude and timing of the macroeconomic effects of any tax package remain uncertain.”On the subject of inflation, Yellen said, “For a number of years now, inflation has been running under 2 percent. I consider it a priority that inflation doesn’t undershoot its objective.”The increase to the Fed’s benchmark interest rate had been widely anticipated in the weeks leading up to the Fed’s meeting, and further interest rate hikes are expected in 2018. However, today’s increase is somewhat unusual given that inflation is currently low, remaining below the 2 percent rate goal set by the Federal Open Market Committee (FOMC).Alan Levenson, Chief Economist at T. Rowe Price, told Business Insider, “This is the first tightening cycle where they’ve been concerned about inflation being too low.Yellen previously addressed this concern during her Economic Outlook testimony before the Joint Economic Committee at the end of November 2017. “In my view, the recent lower readings on inflation likely reflect transitory factors,” Yellen said. “As these transitory factors fade, I anticipate that inflation will stabilize around 2 percent over the medium term.”The Fed’s long-term plans for interest rates will also depend on the fate of the tax reform bill currently being hashed out in Congress. If the Fed anticipates that the $1.5 trillion in tax reductions over a decade will be good news for the economy, they will be more likely to plan further interest rate increases. If the Fed is less optimistic about the bill’s impact on the economy, they may be more hesitant to implement further interest rate hikes as we move through 2018.Powell stated during his confirmation hearings that he would likely follow Yellen’s path of gradual interest rate increases.Vassili Serebriakov, a foreign exchange strategist at Credit Agricole in New York, told Reuters, “It will probably reinforce the caution of the committee members that are concerned that the Fed is falling short of its inflation target. It also supports our view that the Fed will be fairly gradual next year.”
April 1, 2018 685 Views Company News Ellie Mae Ellie Mae Experience 2018 Hall of Fame Primary Residential Mortgage PRMI 2018-04-01 David Wharton For the second year in a row, Primary Residential Mortgage, Inc. (PRMI), one of the nation’s top mortgage lenders, was an honored recipient of Ellie Mae’s 2018 Hall of Fame Award announced at Ellie Mae’s Experience Conference on Wednesday, March 21, in Las Vegas. PRMI was named the top company for Excellence in Compliance Automation and recognized as an honorable mention for Outstanding Efficiency and ROI.Ellie Mae provides software solutions and services for the residential mortgage industry. Its software helps to streamline the homebuying process through its digital platform and has helped PRMI close nearly 25,000 home loans in 2017.“Our loan originators need an innovative software solution to help achieve their clients’ dreams of homeownership,” said A.J. Swope, SVP of Secondary Markets. “Ellie Mae’s Encompass Program enhances our loan quality process, providing our borrowers a positive and smooth experience from beginning to end. As a result, our Branch Partners and clients are happy and the quality of PRMI’s loan process benefits from the full power of Encompass.”Ellie Mae inducts mortgage lenders and partners into its Hall of Fame for distinguishing themselves through industry leadership and innovative use of Ellie Mae technologies.“We are proud to recognize Primary Residential Mortgage and congratulate them for being a Hall of Fame award winner for two consecutive years,” said Jonathan Corr, President and CEO of Ellie Mae. “PRMI represents some of the top innovators and leads the mortgage industry because of their innovative uses of Ellie Mae solutions to help close more loans faster, reduce costs and remain compliant.”For more information on the Ellie Mae Hall of Fame and the full list of award winners, click here. Primary Residential Mortgage Wins Ellie Mae Hall of Fame Award Share in Headlines, journal, News, Origination, Servicing
Automation Blockchain Borrowers Default Homes Equator Homebuyers Lenders mortgage Servicers technology 2018-04-17 David Wharton April 17, 2018 878 Views How Blockchain is Bringing Technology Conversations Back in Lending in Daily Dose, Featured, News, Technology James Vinci, VP, and CTO, EquatorJames Vinci joined Equator in 2010 and is the VP and Chief Technology Officer of the Equator business unit for Altisource. Vinci is also responsible for ensuring the successful performance of the company’s business mission through development and advance preparation of the company’s products and services. Vinci’s role also includes foreseeing, company’s service offerings as a web-based business, execution of the latest web-based technologies, and advance planning for future risks and growth. Prior to working at Equator, Vinci was President and Enterprise Architect at RedWire IT, SVP of Professional Services at Lydian Technology Group, and SVP of Professional Services at WellFound Decade Corp. He is a graduate of Columbia University.Vinci recently spoke to MReport about how the industry can best adapt to and incorporate evolving technology.M // What is the biggest obstacle for mortgage professionals when it comes to incorporating technology?Vinci // The adoption rate is actually pretty good in the mortgage industry, however where it gets complicated is the blur between enterprise software and personal software.Everyone’s using their phone. They’re familiar with how intuitive apps are. It is important that those user-friendly best practices continue to get pushed down into enterprise software so technology can be easier to use and adapt. I often ask my staff, “Did you take a class on how to use your iPhone or your Galaxy Note?” No, but we expect our customers to take classes on how to use our software. Enterprise technology needs to be more intuitive. It needs to be easier to use and more focused on what the user is trying to do. I think the obstacle for mortgage professionals is the lack of easy-to-use software.M // What other changes do you see coming down the pipeline with technology in the industry?Vinci // There’s a lot going on right now, the hot topics in our space are definitely big data and data analytics, blockchain, machine learning, and robotic process automation (RPA).We have to be a more data-focused industry and while we’ve made many strides over the years, there are still those who choose to go in opposite directions from what the data’s telling us—and data proves to be right more often than not. Collecting data, understanding data, and then utilizing the data is critical. Blockchain technology has a lot of opportunity in our industry. One use case that I think will see early adoption is the ability to ensure immutable data and documents. It solves a lot of issues we deal with every day. An easy example is a short sale decline, it is critical to preserving actionable data (e.g. the valuation, offer data, etc) blockchain offers us this ability, ensuring that there was no manipulation of that data behind the scenes, accidental or not. I think we’re going to see some very interesting developments in the blockchain space that will change the way many of us do business. It’s very much like the tech revolution that happened 10-15 years ago, there are a lot of very smart people looking to solve complex problems with this technology.RPA is another interesting technology that has a lot of promise. The ability to easily push the envelope on automation, and therefore efficiency, is always something we need to seriously consider. Many of our processes are repetitive, manual and transactional. They are tailor-made for this technology.M // Are there any other technology solutions that could really benefit lenders and servicers today?Vinci // At Equator, we are working hard to assist consumers in their buying process by introducing them to default homes in their searching process. We can connect them directly to the listing agents and asset managers of the servicers that hold the assets. We can also help our servicer customers ensure that they are renovating to the local home buyers standard. Merging all of the supply chain together and tying all of those processes together, in order to make it easier to buy and sell default properties is going to continue, and that’s one of the key priorities we’re really focused on in our organization. M // How can companies really utilize technology to better their compliance?Vinci // Blockchain is bringing technology conversations back to the table. Generally, from a compliance perspective, you need to have a repeatable process that’s well documented, that’s proven to have the right controls, and a process that you’ve tested. Using a technology like blockchain, and being very open and systematic about how your system works and what the compliant processes are, is integral to success.Using workflow technology, and we’ve been saying this for a long time, is still the right answer to completely handle compliance. Then, when you apply big data, predictive analytics, RPA, and blockchain on top of that you’ve got yourself a strong, efficient, and auditable situation.M // Do you have any advice or tips about technology innovations that we should share with our readership?Vinci // The big thing about technology today is, and blockchain’s probably a good example of this, that many technology options can be very appealing, but it is important to remember that technology doesn’t solve everything for everyone. You have to be judicial in your technology selection process. Do due diligence, make sure that you’re finding the right technology for the right problem and not just a technology that’s very popular. The use of vendors that specialize in the technology specifically made for your business is always a great idea. And finally, start small, prove out the technology application and then apply it aggressively. Share
October 01 , 2018 You might also be interested in Following the agreement, Trump tweeted that USMCA was a “great deal” for all three countries and solves the “deficiencies and mistakes” in NAFTA.The deal came after a weekend of frantic talks to try and preserve a trade agreement that has stitched together the economies of Mexico, Canada and the U.S. but that was on the verge of collapsing.After more than a year of tense talks and strained relations between President Trump and Prime Minister Justin Trudeau of Canada, negotiators from both sides came to a resolution just ahead of a midnight deadline set by the White House.In a joint statement, U.S. Trade Representative Robert E. Lighthizer and Canada’s foreign affairs minister, Chrystia Freeland, said the new deal “will give our workers, farmers, ranchers and businesses a high-standard trade agreement that will result in freer markets, fairer trade and robust economic growth in our region.” Canada: With cherry trees in bloom, company foreca … ‘New NAFTA’ fails local growers, says Florida Farm … The U.S. and Canada have reached a new trade deal, along with Mexico, to replace the current North American Free Trade Agreement (NAFTA), which U.S. President Donald Trump had pledged to either scrap or modify.The United States-Mexico-Canada Agreement (USMCA) gives the U.S. greater access to Canada’s dairy market and allows extra imports of Canadian cars. The deal has 34 chapters and governs more than US$1 trillion in trade.Until recently it looked as if Canada could be excluded from a final trade agreement to replace NAFTA which has been in place since 1994. The new USMCA is intended to last 16 years and be reviewed every six years. Canada considers retaliatory tariffs on U.S. apple … Mexico becomes first nation to ratify trade deal w …
appointmentsdriveDriveAway Holidays Rita Abourjaily, who has been with the company for eight years, has been appointed to the role of Product Marketing Coordinator for DriveAway Holidays. From Reservations to becoming a Product specialist, Rita has spent the past six years at DriveAway managing the Motorhome and Motorcycle Rentals team.“Rita’s expertise and experience with car rental, leasing, motorhome and motorcycle products is second to none. She is a great asset and addition to our marketing team. Rita’s role will be to maintain the clear communication of DriveAway’s products, pricing and insights to the industry,” said DriveAway’s Head of Marketing James Dowe.
baliBali Dynasty ResortEvent & Famil photosMenjangan Dynasty Resort When Bali’s new beachside luxury safari-tented boutique property, Menjangan Dynasty Resort, sponsored the TV Week Logie Awards, one lucky travel agent was also given the chance to win a Celebrity Gift Bag, valued at almost $10,000 and including a 3-night glamping stay at the resort.The lucky winner was Jessica Knowles from Flight Centre Tweed Mall whose booking to Bali Dynasty Resort, Menjangan’s sister property, was the winning entry.In addition to the holiday prize, Jessica’s goodie bag also included designer lingerie, a range of beauty, laser and dermal treatments, Delta Goodrem’s new perfume, a new HiRode watch, plus Oprah Winfrey’s latest must-have item, an Orbit Key Finder.IMAGE: Jessica Knowles presented with her Menjangan Dynasty Resort TV Week Logie Awards prize
TravelManagers’ Personal Travel Managers (PTMs) recently experienced corporate training with a difference when Ensemble Travel Group, TravelManagers’ North American-based partner supplier, with a wide portfolio of global luxury and experiential travel products, was invited to jointly conduct PTM workshops across Sydney, Melbourne, Adelaide and Brisbane.Combined training with a luxury and experiential-focus, the workshop s were designed to further equip PTMs with the latest know-how when it comes to the trending ‘bleisure travel’ market.“Ensemble expands the opportunity for our PTMs to tailor-make expertly-designed and bespoke luxury holiday experiences that cater to each client’s individual requirements,” said Michael Gazal, TravelManagers’ Executive General Manager. “We know this is what their high value clients are looking for, so the opportunity to have face to face training from the experts in the global luxury and experiential holiday market, further strengthens TravelManagers’ position as Australia’s premium travel network.” The combination of Ensemble’s luxury and experiential focus and corporate training was three-fold.“The motivation of the workshop was to inspire corporate-focused PTMs, by showcasing the benefits and opportunities Ensemble’s product provides their high value clients, enhance product knowledge, and share corporate best practices,” explained Simon Alcaraz, TravelManagers’ NPO-based Ensemble Product Coordinator. Ensemble’s Sydney-based Director of Sales & Marketing, Katy Muyt, was delighted with the success of Ensemble’s inaugural travel workshops with TravelManagers.“Ensemble offers such a wide range of unique and tailor-made products and experiences and although we provide regular electronic product updates and do webinars on various products, we find there is nothing more effective than face to face training, which sparks collective learning and interaction through dedicated workshops.”IMAGE: TravelManagers’ Adelaide PTMs enjoy exclusive luxury product training with Ensemble Travel (from left to right) Simon Alcaraz (NPO), Corinne Mutz, Mandy Bradtke, John LaBella, Catherine James, Briony Bullard, Philippa Williams, and Katy Muyt (Ensemble) agentstrainingTravelManagers
Star Alliance member, Avianca Brasil, has announced it will begin operations between Recife in Brazil and Bogota, Colombia, effective 11 December 2017.The airline will depart Recife every Monday to Bogota, and return Tuesdays.Recife (REC) – BOGOTA (BOG) 06 8534Departs: 19h05Arrives: 23h27BOGOTA (BOG) – Recife (REC)06 8535Departs: 01h22Arrives: 09h40 airlinesBrazilColombia