Tech Talks: How Technology is Shaping the Industry

first_img Demand Propels Home Prices Upward 2 days ago Related Articles Sign up for DS News Daily in Daily Dose, Featured, News, Technology The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Week Ahead: Update on Economic Conditions in the Beige Book Next: Choosing a Tech Savvy Insurance Vendor  Print This Post Servicers Navigate the Post-Pandemic World 2 days ago Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Tech Talks: How Technology is Shaping the Industry Tagged with: Regulation Technology About Author: Staff Writer Share Save May 29, 2017 1,578 Views As the technology conversation in the mortgage industry heats up, many companies are attempting to meet industry demands and adopt streamlined industry processes. Today’s companies are driven by creativity and innovation and are fostered by client success. DS News spoke to James Vinci, VP and Chief Technology Officer at Equator, about what mortgage professionals can learn from other industries and what technology trends are having the most impact today.Vinci was previously the 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.Q: Tell us about your role, and what is the  focus for the year?A: I’m the VP and Chief Technology Officer of Equator, which is a software provider to the default mortgage servicing industry. The platform supports four of the five largest servicers in the country, the largest GSE, and the transaction and processing of over 40 percent of the REO and short sale volume in the country. Equator’s ecosystem houses over 65,000 real estate agents and 30,000 vendors, which supported the selling of more than 100,000 properties valued at $16 billion last year. It’s a significant enterprise software platform and, because it holds quite a bit of share, it has great insight into the loss mitigation and default portions of the servicing industry.Q: What market insights and data do you believe have become the most valuable to the REO market?A: In the REO market, determining the proper disposition strategy (as-is versus renovate, sale versus rental, traditional versus auction) and efficiently executing on that strategy is critical. To address this, there has been an increasing use of analytics and machine learning to match the right assets to the right strategy by local market. Further, these advanced analytics are helping optimize the best real estate agents and REO vendors to execute these strategies. Top servicers are focused more than ever on one of two very different strategies—either efficiently marketing their asset to quickly sell it or upgrading it and marketing it as a long-term rental.Advanced analytics are also helping servicers better manage agent networks through agent matching technology, which provides servicers with recommended agent selection options. This matching process is intended to help a servicer sell an REO in less time than today’s process. Q: How should servicers use data to be more operationally efficient? What about agents?A: I am a strong believer in the adage that “time is money.” It is important for servicers to use a platform that’s designed to automate and optimize their processes, hence reducing their overall costs. Servicers should also consider platforms with robust tracking and logging data that enhances compliance and audit capabilities but also allows servicers to monitor their overall disposition efficiency. For agents, it’s increasingly important to stay close to their local market’s REO trends and understand how to compete for the servicer leads and listings. This means having access to local market REO intelligence.Q: What advice can you provide smaller businesses that may have limited financial resources to access advanced technology? Are there other solutions?A: As workflow and business process management technologies continue to mature, more and more options become available. Many of these options are vertical domain-independent while other custom solutions involve significant implementation cycles with sizable dependencies on technology staff. In our vertical domain, due to the compliance, regulatory and overall cost pressures, we are a strong believer that outsourcing to a technology vendor that specializes not only in workflow but default mortgage servicing is critical, especially for smaller servicers and hedge funds. Q: How do you perfect compliance without bringing costs down? What are regulatory processes or products companies are using to help clients become more compliant?A: Compliance is really about following the rules and guidelines every single time, on every single asset. Workflow technology and automation are cost-effective approaches to accomplish this. Technological innovation has made great strides in the mortgage industry as companies are broadening their services, increasing accessibility and delivering high levels of convenience and efficiency. Automation is a key part of that by serving customers how they want to be served, when they want to be served and with the consistent quality that is required in today’s stringent compliance environment. Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Regulation Technology 2017-05-29 Staff Writer The Best Markets For Residential Property Investors 2 days ago Tech Talks: How Technology is Shaping the Industry Subscribelast_img read more

Split tourist guides send a message to tourists in 12 world languages

first_imgTourist guides of Split from the Association of Tourist Guides Split, despite the uncertainty of their own business, as part of the campaign of the Tourist Board of Split #TogetherInSplit sent a message of unity in sign language and 12 world languages ​​- English, German, French, Italian, Spanish, Norwegian, Polish , Russian, Japanese, Chinese, Greek and Portuguese. “Thanks to our tourist guides who provided the best ambassadors of tourism in the city and by informing and telling interesting stories about Split provided an unforgettable experience to many tourists.”Said Alijana Vukšić, director of the Split Tourist Board. With a video message, the guides called on tourists to remain responsible so that they could socialize in Split as soon as possible and enjoy the natural and cultural beauties of Split.last_img read more

Two women arrested for trafficking girls to pay bond for family member

first_imgTwo women have been sentenced, and a man already in jail is facing additional charges, after officials found that the group trafficked underage girls in an attempt to raise money for the man’s bail.The incident occurred in the Western District of North Carolina.According to the report, Zerrell Fuentes, who had been jailed in a hit-and-run case, arranged for his wife Brianna Leshay Wright and his mother Tanya Fuentes to raise money on his behalf by trafficking young girls. Officials say Fuentes reportedly recruited the girls while he was in jail and his wife and mother executed the plan.Prosecutors say Zerrell contacted the three girls via phone and arranged for the girls to meet his wife and mother. Fuentes drove the girls to an area in Myrtle Beach and paid for their lodging. While Wright arranged for them to meet clients and posted advertisements on the internet.The U.S. Attorney’s Office announced sentences for both women Monday. Wright was sentenced to 10 years in prison for sex trafficking a minor, while Fuentes was been sentenced to two years for conspiracy.last_img read more

Brett Lee on Virat Kohli: Sachin is God. Can someone beat his record?

first_imgImage Courtesy: Deccan Herald/TwitterAdvertisement ggywNBA Finals | Brooklyn Vsao5lWingsuit rodeo📽Sindre E8g( IG: @_aubreyfisher @imraino ) z0nr0jWould you ever consider trying this?😱5ryaCan your students do this? 🌚bjavRoller skating! Powered by Firework Seven years has passed since his retirement, but Sachin Tendulkar’s charisma is stilll prevalent in the cricketing world. Worshipped by millions of fans and even junior cricketers, the former Team India batsman is the highest run scorer in international cricket, and holds the record of 100 centuries in Tests and ODI’s combined. However, India’s present cricketing stalwart Virat Kohli is slowly making his move towards the record, already securing 71 international tons. Can Kohli one day reach the ‘God of cricket’s feat? Legendary pace bowler Brett Lee speaks his mind.Advertisement Image Courtesy: Deccan Herald/TwitterA young Virat Kohli entered the Men in Blue dressing room when Sachin was reaching the twilight years of his career. However, there was no delay for the young batsman to shine, and now wearing the captain’s armband, Kohli is hailed as one of the greatest batsmen ever.The 31 year old already has 27 Test and 43 ODI centuries to his name, just 29 more to go to reach the milestone set by the Little Master. In a recent talk show, Brett Lee feels Kohli might soon achieve Sachin’s feat.Advertisement “We are talking about phenomenal numbers here, so you mentioned seven to eight years of cricket and at the rate he (Kohli ) is going, yes, he can definitely knock it off,” Lee said in the Star Sports’ latest show Cricket Connected.The former Aussie international narrated three factors that has worked for Kohli over the years- talent, fitness and mental capacity.Advertisement Lee went on: “It comes down to three things, there is one thing I would like to eliminate – so, you talk about talent as a batsman, he’s definitely got that talent, eliminate that first and foremost. Then fitness – Virat Kohli has got that fitness, so for me it is all about fitness at the age of 30 and also that mental strength, the mental capacity to get through those hard times, being away from home, from his wife, or when they will have children.”“He will do it easily with his talent, it comes down to his mental strength and if he stays fit enough and I believe he has got all those three components to go past Sachin,” the 43 year old added.However, achieving the feat of the ‘God’ himself is not an easy taks for even someone with the capabilities of Kohli, as Lee concluded: “but, how can you say someone can go past Sachin Tendulkar- this is God here, can someone go better than God, we will wait and see.” If you like reading about MMA, make sure you check out Also follow India’s biggest arm wrestling tournament at ProPanja.comAlso read-Virat Kohli has an important message for RCB fans: “No matter what happens, I’m never leaving!”Compiling celebrities, sports people wishing Sachin for his 47th b’day Advertisementlast_img read more

10 months agoHowe: Bournemouth must rise to Man Utd challenge

first_imgAbout the authorPaul VegasShare the loveHave your say Howe: Bournemouth must rise to Man Utd challengeby Paul Vegas10 months agoSend to a friendShare the loveBournemouth boss Eddie Howe has challenged his players to rise to the test of facing Manchester United.The Dorset club have picked up one point from three games at Old Trafford since being promoted to the top flight. Howe said: “It’s a tough game. Whenever you go to Old Trafford you know you are going to be in for a tough assignment.“We are going to need to rise to that challenge. They have had two really good results and performances. I am sure the atmosphere in the stadium will be good for the players there.“We will look forward to going there as we always have done. We have had some tough encounters and enjoyed our matches in the ground – we will look forward to another tough game.” last_img read more

8 days agoCrystal Palace eyeing West Brom fullback Nathan Ferguson

first_imgTagsTransfersAbout the authorPaul VegasShare the loveHave your say Crystal Palace eyeing West Brom fullback Nathan Fergusonby Paul Vegas8 days agoSend to a friendShare the loveCrystal Palace are eyeing West Bromwich Albion fullback Nathan Ferguson.Palace are searching for a replacement for Aaron Wan-Bissaka, who was sold to Manchester United this past summer.The Daily Mailsays 19-year-old Ferguson has impressed Palace’s scouts this season.Slaven Bilic has given the England U20 international his breakthrough at the Hawthorns, which has seen him operate at both fullback positions.Ferguson has failed to start just one of the Championship leaders’ league games so far this season. last_img

7 days agoBrambati: AC Milan refused to sign Ribery for Gattuso

first_imgBrambati: AC Milan refused to sign Ribery for Gattusoby Carlos Volcano7 days agoSend to a friendShare the loveFormer Serie A defender Massimo Brambati says AC Milan were wrong to dump Rino Gattuso.Brambati also insists Gattuso was blocked from signing Franck Ribery before he joined Fiorentina.”I still don’t understand why Milan took this long path round with Marco Giampaolo only to then get Stefano Pioli,” Brambati told TMW Radio.“It was better to stick with Gattuso and follow his ideas, as in a meeting he had asked them to sign three experienced players, including two who were free agents.“Gattuso had requested Ribery as one of the names, who was then brought to Fiorentina by Luca Toni and is doing a great job there.“Instead, Milan rejected Gattuso and all his proposals.” TagsTransfersAbout the authorCarlos VolcanoShare the loveHave your saylast_img read more

Video: Amari Cooper Froze Up At The Mic On Family Feud

first_imgLane Kiffin talking to Amari Cooper.TUSCALOOSA, AL – NOVEMBER 15: Offensive Coordinator Lane Kiffin of the Alabama Crimson Tide converses with Amari Cooper #9 prior to facing the Mississippi State Bulldogs at Bryant-Denny Stadium on November 15, 2014 in Tuscaloosa, Alabama. (Photo by Kevin C. Cox/Getty Images)Former Alabama star and current Oakland Raiders wide receiver Amari Cooper will be appearing on a celebrity edition of “Family Feud” this Sunday. Alongside Steve Smith, Brandon Marshall and others, Cooper will be representing the “AFC Offense” against an “NFC Defense” squad that includes Arizona Cardinals DB Tyrann Mathieu, Philadelphia Eagles DB Malcolm Jenkins and Carolina Panthers linebacker Thomas Davis. In his match-up with Mathieu, Cooper beat the ex-LSU star to the buzzer when asked to name someone people are excited to see once a year. From there though, Cooper got stage fright, and could only manage some awkward laughter. The video of the clip, released in advance of the show, can be found below. The episode featuring Cooper will air at 8 p.m. ET Sunday night on ABC. Hopefully the rest of Cooper’s appearance went more smoothly than that clip did.[ SDS ]last_img read more

AET Tankers Christens LR2 Duo

first_imgzoom Petroleum and chemical tanker owner AET Tankers has held a double naming ceremony of two long-range (LR2) petroleum tankers built by South Korean Hyundai Heavy Industries (HHI). Christened at HHI’s yard in Gunsan, Korea, Eagle Lyon and Eagle Le Havre will both qualify for the Green Passport notation, having been designed to optimise overall operational efficiency and minimise environmental impact.AET Tankers said that the 114,000 dwt vessels have been fitted with the most modern energy efficient engines, auxiliary equipment having advance power management systems, along with the latest hull, tank and ballast epoxy coatings.“Both vessels have been carefully designed to provide optimal operational and environmental efficiency,” Yee Yang Chien, Chairman, AET and President/Group CEO, MISC Berhad, said.The Singapore-flagged Eagle Lyon and the French-flagged Eagle Le Havre have been taken on long-term charter by French oil major Total.The LR2s unveiled in Gunsan are the latest addition to AET’s fleet, which now includes 12 VLCCs, six Suezmaxes, one Panamax, 46 Aframaxes, four DP tankers, 13 CPPs, five LR2 tankers, 13 chemical ships and an LPG tanker.Its current orderbook includes a further two Suezmaxes and four more Aframaxes.last_img read more

Enbridge to pay higher dividends to shareholders next year and sell some

first_imgCALGARY – Enbridge says it is going to sell off at least $3 billion of its assets next year.The Calgary-based energy giant said it has identified $10 billion of what it describes as non-core assets.Enbridge announced a strategic update late Wednesday to focus the company on its pipeline and utilities businesses following the takeover of U.S -based Spectra Energy earlier this year.“We will rationalize our asset mix to a pure regulated pipeline and utility business model,” Enbridge CEO Al Monaco said in a statement.The company said it is also planning to issue $1.5 billion of common shares and shareholders will see their dividend cheques increase next year.Enbridge (TSX:ENB) said it will pay out a quarterly dividend of $0.671 per common share, payable on March 1, 2018. The dividend represents a 10 per cent increase from the previously quarterly rate.The company has an extensive network of oil and natural gas pipelines that ship about 65 per cent of Canadian crude oil exports bound for the U.S.last_img read more