Survey suggests young Aussies work more than elders

first_imgSource = e-Travel Blackboard: J.L Contrary to popular belief, Gen Y may be harder working than their older compatriots, with a recent survey showing younger Australians take less annual leave.In the latest annual global Vacation Deprivation survey by Expedia, it found working Australians aged between 18 to 34 are twice as likely not to take all their annual leave, as they are scared they may miss out on important decisions at work.The fear of being negatively perceived by their bosses and jeopardising their job security also deters a further 15 percent of young Australians from taking all of their holidays.Figures even give creed to the notion that Gen Xs and Ys are ‘stressed generation’, with 11 percent of 18- 34 year-olds saying they are too busy to take time off while 16 percent opt to save up their holidays in order to cash in their untaken leave.Among the 13 countries surveyed, Australia is the third-most holiday-deprived nation, behind Japan and the US respectively.France, for the fourth consecutive year, has bagged the top ranking as the world’s most holiday-rich nation, with the average worker receiving 37.5 annual leave days per year, compared to 20 days of annual leave down under. <a href=”” target=”_blank”><img src=”;cb=INSERT_RANDOM_NUMBER_HERE&amp;n=a5c63036″ border=”0″ alt=””></a>last_img read more

2012 is the year of more travel says survey

first_img61 percent of 2012 travelers are dreaming of a beach getaway Source = e-Travel Blackboard: G.A More time, a better economy and confidence in ‘better deals’ were among the top reasons cited by 86 percent of survey respondents who plan to maintain or grow on their 2011 vacations in 2012.The results of the 2012 Travel-Ticker Traveler Intentions Survey not only showed that 44 percent of the 2,300 surveyed plan to take more leisure vacations in 2012 (representing a five percent growth over last year), but that 96 percent will “fit in” more travel next year if they find good deals.61 percent of respondents targeted the beach as their top vacation getaway in 2012, while 34 percent were opting for big city vacations, and 28 percent for an outdoor adventure.However, deals and discounts will likely act as a destination guide for the majority of surveyed respondents, with only 30 percent (a 53 percent drop on last year’s results) stating they had a specific destination in mind and 43 percent stating they actively searched for deals and discounts.A major driver in deciding accommodation and destination, according to 71 percent of survey respondents, was ‘extras’ like complimentary upgrades, excursions and activities.last_img read more

New clients contribute to CTM success

first_imgSource = e-Travel Blackboard: N.J Acquisition of the etm Group has boosted Corporate Travel Management’s (CTM) business with the company reporting a 42 percent increase in total transaction value (TTV) for the first half of the financial year 2012.Compared to the same six months during the prior year, the company’s TTV jumped to $315.9 million up from $222.3 million.The increase in TTV contributed to the 43.7 percent rise in revenue from $20.5 million to $29.4 million while profit before tax escalated by 47.6 percent from $4.6 million to $6.8 million.  CTM managing director Jamie Pherous said the results were “encouraging” particularly as they were achieved during “tough economic conditions”.He explained positive results were driven by three factors the Group’s success in key drivers of the business, organic growth through new client wins as well as efficiencies in product, systems and people. “Additionally, the etm acquisition, completed on 3 October 2011, strengthened our operations in Melbourne and brings exciting cross selling opportunities,” Mr Pherous explained. “The many synergies that exist between the companies have put the integration project ahead of schedule and we are confident the business will fulfill our expectations in the long-term.”In response to positive results the Group has announced adjustments to its full year guidance for 2012, now expecting growth between 30 to 40 percent.last_img read more

Building relationships with agents is vital

first_imgHousing strong relationships with travel agents is vital to achieving success in both the physical and digital market space, according to Club Med.With some companies withdrawing commissions and contact with travel agencies, Club Med claims it is continually working to strengthen their relationship with agents.Recently released statistics by Club Med for Travel with Kids indicates a 30 percent increase in the number of travelers and a 14 percent increase in business volume, with families accounting for a big percentage of this figure.With the recent renovation to Club Med Phuket, Bintan and Bali all properties have been booked solid throughout the busy holiday periods.According to an industry case study families feel safer booking their holiday through an accredited Travel With Kids agency which provides valuable first hand information on travel products and destinations.Both companies are working together to increase sales through quality training, real time marketing support and providing a ‘hands on’ approach for consultants via its Travel Agents famils programme.Travel With Kids managing director Wendy Buckley said their agents are thankful to Club Med for providing first hand knowledge of their products which enables then to book appropriate accommodation for their clients.“Club Med has been able to deliver a high quality of safety for families within their resorts worldwide, and their resorts offer a great variety of sports and activities, including Club Med Circus School and Kids Club programs,” Ms Buckley said. Source = e-Travel Blackboard: S.Plast_img read more

Wotif predicts solid growth

first_imgWhile Jetset TravelWorld cautions of a challenging economic environment impacting its business, Wotif says it expects to see its profit after tax jump between nine to 13 percent for the FY12 compared to the prior year.In a shareholder update, the online company has predicted its profits to climb between $55.5 million and $57.5 million during the 2012 financial year from $51 million during the financial year last year.Although the company said numbers could change on completion of its final accounts, the figures do include unaudited management account for the first three months of 2012. Source = e-Travel Blackboard: N.Jlast_img read more

Air Asia fined by regulators

first_imgSource = e-Travel Blackboard: N.J Air Asia Berhad has been slapped with an AU$200,000 penalty for failing to properly display airfare prices.According to The Federal Court in Melbourne, for a period of ten months, the carrier did not display on its website some airfare prices inclusive of all taxes, duties, fees and other mandatory charges in a prominent way and as a single figure.Concerned for the travelling public, Australian Competition and Consumer Commission (ACCC) chairman Rod Sims said the case reiterated the need for travellers to have access to accurate pricing.“Airlines require a level playing field on price representations in this competitive industry where consumers are price sensitive,” Mr Sims said.Earlier this week, Thai Airways also received a Federal Court fine of up to AU$7.5 million for cartel conduct.Click here for more information.last_img read more

Versace to build casino resort on Macau

first_imgItalian fashion icon Versace will build a new luxury casino resort in Macau, providing the global brand greater access to China’s lucrative luxury market. SJM Holdings received official approval in May this year to build a 2000-room resort on Macau. Versace and Macau casino operator SJM Holdings signed a joint statement for the construction of a five-star Palazzo Versace hotel as part of a resort complex SJM is building in the former Portuguese Colony, reported. Source = ETB News: P.T. The construction costs and completion date have not yet been revealed. Fashion icon to gain greater access to affluent Chinese visitors. Macau is the only place in China where gambling is legal, pulling in $US38 billion in casino revenue last year, owing to the rising number of affluent mainland Chinese visitors. The Palazzo Versace in Macau will become the third property owned by the Italian fashion house, with a hotel on Australia’s Gold Coast and another currently under construction in Dubai. SJM’s resort, located on the Cotai Strip, has been modelled as Asia’s version of the Las Vegas Strip.last_img read more

American Express agent wins 2014 Avis Scholarship

first_imgAvis Australia’s Jodie Gonzales from American Express Global Business Travel in Queensland is the winner of the 2014 Avis Travel Agent Scholarship.Jodie was announced as the eighteenth recipient of the annual Scholarship at a ceremony at Sydney’s Four Seasons Hotel attended by travel industry leaders.Avis Travel industry manager, Russell Butler says that Jodie demonstrated all the skills, integrity and passion required to be a Scholarship winner.“One of the things that stands Jodie apart is the genuine care and compassion she shows for her customers, she is also someone who appreciates that looking after small but important details can make a huge difference to a client’s overall travel experience,” Mr Butler said.This year’s Scholarship winner was chosen from four finalists, all of whom presented to members of the Avis Travel Agents Advisory Board during yesterday’s final judging session in Sydney. Source = ETB News: Lewis Wisemanlast_img read more

Premier Inn is Worlds Premier Brand

first_imgPremier InnPremier Inn is World’s Premier BrandUK chain is world’s most powerful hotel brandScores highly on metrics such as awareness, satisfaction and brand investmentHilton is the world’s most valuable hotel brand, at US$8.4 billionAirbnb brand value growing faster than all hotel brands, up 52% to US$3.7 billionEvery year, leading valuation and strategy consultancy Brand Finance values the brands of thousands of the world’s biggest companies. Brands are first evaluated to determine their power / strength (based on factors such as marketing investment, familiarity, loyalty, staff satisfaction and corporate reputation) and given a corresponding letter grade up to AAA+. Brand strength is used to determine what proportion of a business’s revenue is contributed by the brand, which is projected into perpetuity to determine the brand’s value. The world’s 50 most valuable hotels brands are then ranked and included in the Brand Finance Hotel 50.The world’s strongest hotel brand is Premier Inn. The mass-market, UK-focussed brand’s top billing may come as a surprise to some, however Premier Inn lives up to its name across a broad range of brand metrics from marketing investment to familiarity and consideration. Luxury brands may be notionally more desirable, but they are not as widely known as Premier Inn. The budget chain’s value for money also supports higher scores for preference and satisfaction. Premier Inn’s financial performance is correspondingly strong, with total sales up 12.9% and like for like sales up 4.2% in their financial year 2015/16, supporting an 11.9% pre-tax profit increase for Whitbread (Premier Inn’s owner).Whitbread has consistently invested in effective marketing communications. Premier Inn was the first mass market UK hotel brand to be advertised on prime time television following its creation in 2007 and has benefitted from high quality, effective advertising (frequently fronted by comedian Sir Lenny Henry) ever since. As confidence has grown in the strength of the brand, campaigns have become more emotionally-led. Recent ads focus on Premier Inn’s role in helping friends and family keep in touch, including the Wes Anderson inspired ‘Aunt Mabel’s Birthday’.However the operating environment for many major hotel brands is becoming increasingly challenging particularly due to changing customer demands and technology. The advent of Airbnb has allowed access to a vast range of private accommodation that plays into a growing desire for unique, visually interesting and ‘authentic’ accommodation. Airbnb’s brand value is growing more rapidly than any of the major hotel brands. It increased 52% year on year to reach a total of US$3.7 billion, making it more valuable than all but four of the world’s biggest hotel brands.In this context, the mixed results of the Brand Finance Hotels 50 may come as little surprise. Five of the top ten most valuable brands have lost value and the industry’s year to year average brand value growth rate (4%) is significantly below the average for all sectors. There are notable exceptions however, with reasons for optimism for several brands including Hilton, the world’s most valuable hotel brand, whose brand value has increased 7% to US$8.4 billion.About Brand FinanceBrand Finance is the world’s leading brand valuation and strategy consultancy, with offices in over 15 countries. We provide clarity to marketers, brand owners and investors by quantifying the financial value of brands. Drawing on expertise in strategy, branding, market research, visual identity, finance, tax and intellectual property, Brand Finance helps clients make the right decisions to maximise brand and business value and bridges the gap between marketing and finance.Source = Brand Financelast_img read more

Dilip Parulekar

first_imgThe Goa Carnaval is one of the biggest highlights in the state and the country. It is a colourful and vibrant spectacle which gives one a glimpse into Goa’s glorious past and is a shining example of how traditions have been carried over time. Since this is one-of-a-kind event we have people from all over the globe coming in. While the spirit of this celebration is contagious, we have taken into account aspects like safety, security and cleanliness which will ensure that the celebration is a truly memorable one.last_img read more

7th Annual Convention of ADTOI in Khajuraho Madhya Pradesh

first_imgThe Association of Domestic Tour Operators in India (ADTOI) is organising its 7th Annual Convention (April 8 – 11, 2016) at Hotel Ramada in Khajuraho, Madhya Pradesh. “Domestic Tourism: Billion+Opportunities” is the theme of this grand event. Hosted by Government of Madhya Pradesh, the Convention is supported by the Department of Tourism.Jyoti Kapur, President, ADTOI informed, “ADTOI is in the process of rebuilding, reinventing and creating visibility in the trade on pan-India basis. This is the age of cultivating the culture of innovation, entrepreneurship and communication and we should adapt the change, in order to take forward our businesses to the next level.”Sanjay Aggarwal, Vice President, ADTOI and Convention Chairman highlighted plans of promoting the tourism potential of Khajuraho, popular for its exotic temples, and its surrounding destinations to attract visitors from all over the country.Post inauguration, the business sessions on the first two days as well as colourful evening programmes are being dedicated to showcasing the rich cultural heritage of central India. Activity-based programmes are also being organised like a visit to national park and escorted tour of temples in the early hours.last_img read more

North East region stands to benefit from the booming global tourism

first_imgSpeaking as a Chief Guest at a Seminar on ‘Sustainable Tourism: Striking a Socio-economic and environmental balance’, W Synrem, Economic Adviser, North Eastern Council (NEC) urged the North Eastern states to utilise the full potential of the region’s tourism industry at a time when the global tourism sector is booming and benefit from it.He defined Sustainable Tourism as an industry committed to making a low impact on the environment and local culture while helping to generate future employment for local people. “The main thrust of the idea of sustainable tourism is to ensure that development is a positive experience for the local people, for tourism companies and for the tourists themselves,” he said.Indicating figures of tourist travels, he said that international tourist arrivals reached 1.035 billion whereas, in 1970, there were 166 million international tourist arrivals worldwide.He cited that in 2012 visitors spent $1 trillion on travel.last_img read more

Ezeego1com opens eight new franchise stores across India, recently opened a series of eight new franchise stores across Mumbai, Pune, Bengaluru, Dhule, Uttarakhand, Guwahati and Amritsar, to cater to the growing travel demands across the Indian market. Services like flight tickets, hotels, packages, rail and cruise holidays will be provided on a single platform from a diverse mix of travel suppliers offering best in class offerings and services.Neelu Singh, CEO and Director,, said, “Distribution is the key to success in this growing travel market and the opening of our new franchise stores in these markets will help us gain a foothold. Our offerings are curated from a slew of travel aggregators and we enable and distribute it through our platform.”Ezeego1 will provide the franchise with an active marketing, technical and store development support. The marketing activity will include print and radio advertising, attractive and preferential commercials. Store development support will include store designing to reinforce the brand’s look and feel. Training and technical support will be provided to all franchisee staff to effectively address the changing technology and enhance customer interface.last_img read more

Penang Convention Exhibition Bureau launches Penang 2020 BE Unfiltered its new global

first_imgPenang Convention & Exhibition Bureau (PCEB) launched its new campaign ‘Penang 2020: BE Unfiltered’ at Hin Bus Depot. The campaign was launched in conjunction with Experience Penang Year 2020 and Visit Malaysia 2020. PCEB’s Chief Executive Officer Ashwin Gunasekeran unveiled four new products developed for the campaign, which runs from now to December 2020, during the launch to further enhance the state’s business events offerings.Officiating the launch were YAB Chow Kon Yeow, the Chief Minister of Penang and YB Yeoh Soon Hin, the Penang State Exco for Tourism Development, Arts, Culture & Heritage. Also present were Jonathan Freddy P Bagang, Director of Ministry of Tourism & Culture Malaysia (MOTAC) and Khoo Boo Lim, Chairman of Malaysian, Association of Hotels Penang Chapter, as well as over 100 industry partners.“I believe Penang is ready for the next stage of destination marketing for business events, as this segment thus far has successfully positioned Penang as a second-tier destination. It is also important for us as part of this industry to showcase more of what Penang and the players of the industry are able to offer through Penang 2020: BE Unfiltered within the campaign period,” said PCEB CEO, Ashwin Gunaskeran.“We need to continue the energy and effort in maintaining the interest and awareness that business events have created for Penang. This is where the Penang 2020: BE Unfiltered campaign plays a role, and works as an additional incentive to attract more events into the state,” he added.One of the four products is the PCEB mobile app for delegates. Main features include information on Penang for delegates, a calendar showing upcoming events and other supported business events happening in Penang. The app is currently available for download on Google Play and Apple Store.PCEB has also introduced a Penang 2020 edition of Privilege Penang – a comprehensive support programme introduced by PCEB with additional support packages from PCEB’s industry partners. Privilege Penang is curated to cater to Business Events Penang’s key sectors – Meetings & Conferences and Incentives and it introduces various support structures for events hosted in Penang.Next, PCEB announced its first Corporate Social Responsibility (CSR) programme – Penang Turtle Cares. Working closely on a Memorandum of Understanding (MoU) for a long-term partnership with the Penang Department of Fisheries and the Penang Turtle Sanctuary located at Pantai Kerachut, PCEB looks to assist in improving the turtle conservation facilities and other related activities.Ashwin also announced that PCEB and Malaysia Airlines Berhad are extending their strategic partnership until 2020. The support from Malaysia Airlines as the Strategic Airline Partner of PCEB has been beneficial to Business Events Penang, as the airlines offer special flight rates for delegates coming into Penang.“PETACH and the Penang State Government fully understand the importance of the Tourism sector as part of the economic contribution to the state and believe that with the right efforts, we are able to further entice visitors and tourists to make Penang their must-visit or must-return destination,” supported YB Yeoh Soon Hin, Penang State Exco for Tourism Development, Arts, Culture & Heritage.“Business events are crucial for the economy and the development of Penang because the industry has the potential to go beyond just bringing in more quality tourists to the state. This is an industry which is knowledge-led and is able to put Penang on the world map as a knowledge hub, which in turn brings in investment from the private sector,” said YAB Chow Kon Yeow, Chief Minister of Penang.Penang successfully hosted over 200 international meetings with 106,265 delegates from across the globe in 2018. With a convention capacity of 30,000 and 14,389 rated hotel rooms, Penang is among the leading destinations in the region for corporate meetings and incentives and a rising association meetings destination.last_img read more

Mortgage Rates Lift on Greek Bailout Housing

first_img Interest rates for mortgage loans climbed close to 4 percent this week as a second Greek bailout sowed more confidence in the investor crowd and signs emerged that housing may see an upswing.[IMAGE]Finance Web site “”””: and mortgage company “”Freddie Mac””: each released separate surveys, with analysts attributing the rise to different causes.The GSE found the 30-year fixed-rate mortgage lifting to 3.95 percent, up from 3.87 percent. saw rates for the loan hit 4.16 percent, up from 4.10 percent last week.””Mortgage rates crept higher this week due to more good U.S. economic news and the [COLUMN_BREAK]latest bailout of Greece,”” says “”Greg McBride””:, a senior financial analyst with the finance Web site. “”But a Greek debt default has only been delayed, not averted, and when fears about Europe’s debt crisis resurface, mortgage rates will pull back.””On Monday eurozone finance ministers patched together a $172-billion bailout package for Greece, bumping confidence for overseas investors fearful that that the Mediterranean country would fall into a disorderly sovereign default.Mortgage rates closely follow Treasury yields, which expand or shrink as investors throw their money behind bonds.Freddie Mac chief economist “”Frank Nothaft””: ascribed the lift in rates to a jump in new residential construction starts side-by-side with a tick for existing-home sales, as reported by the “”Census Bureau””: and “”National Association of Realtors””:, respectively.He said that the data suggested the housing market would continue to “”gradually improve.”” offered up 3.38 percent for the 15-year fixed-rate mortgage, up from 3.35 percent last week. The GSE found the 15-year loan averaging 3.19 percent, up from 3.16 percent.For Freddie, the 5-year and 1-year adjustable-rate mortgages (ARMs) fell to 2.80 percent and 2.73 percent, down from 2.82 percent and 2.84 percent, respectively.The finance Web site found 5-year and 1-year ARMs trending upward, scaling up to 3.12 percent from 3.03 percent last week. February 23, 2012 476 Views in Data, Government, Origination, Secondary Market, Servicing Mortgage Rates Lift on Greek Bailout, Housingcenter_img Adjustable-Rate Mortgage Agents & Brokers Bankrate Census Bureau Debt Crisis Euro European Union Existing-Home Sales Freddie Mac Home Sales Housing Affordability Investment Investors Lenders & Servicers Mortgage Rates National Association of Realtors Processing Service Providers Treasury Yields 2012-02-23 Ryan Schuette Sharelast_img read more

SingleFamily Home Sales Up 6 in Texas Report

first_img Share in Data, Origination, Secondary Market, Servicing The Lone Star State by and large boasted signs of strength in housing in February, with single-family home sales ticking up 6 percent in the fourth quarter last year.[IMAGE][COLUMN_BREAK]The “”Texas Association of Realtors””: revealed a blend of varying averages for home sales and values in a quarterly housing report it released this week.Citing several sources, the association found home sales lifting by 12 percent in February, with average prices declining 0.7 percent. It said that sales in Houston and Dallas each rose and fell by 1 percent.””Even though prices are relatively stable, realtors and homeowners alike are getting ready for the 2012 real estate season, and with more people shopping for houses, more people will also be shopping for loans,”” the association said in a statement.””A flat Texas market isn’t bad news for homeowners,”” the association said, adding: “”With the number of Texas homes sold on the rise, some real estate agencies are even speculating that the 2012 real estate season will mark the end of the housing market recession.””Earlier Friday, the “”Commerce Department””: reported new-home sales falling 1.6 percent nationally in February. Single-Family Home Sales Up 6% in Texas: Reportcenter_img Agents & Brokers Home Sales Housing Affordability Lenders & Servicers Processing Realtor Association Service Providers 2012-03-23 Ryan Schuette March 23, 2012 437 Views last_img read more

Home Flipping Returns Spike in 2013

first_img Share Home flippers reported more gains in 2013 than in any year on record, according to national real estate brokerage Redfin. The average home flipped last year was sold for $90,200 more than it was purchased, and in 11 of the 30 markets Redfin analyzed, flippers received gains of more than $100,000 per house. Redfin considers flipping the act of purchasing and then reselling a home within 12 months.Seven of those 11 markets were located in California with San Francisco topping the list. In San Francisco, the average gain from a home flipped was $194,600. Long Island, New York, and San Jose, California, ranked second and third with gains of $152,500 and $152,000, respectively.On a more micro level, Redfin found homes flipped in nine neighborhoods broke $200,000 in gains in 2013. In the Petworth neighborhood of Washington, D.C., the average home flipped brought a gain of $312,400. In the Beaumont neighborhood of Portland, the average gain on a flipped home was $285,600.On the other hand, homes flipped in Las Vegas had average gains of $50,200, and homes flipped in Atlanta had average gains of $53,000.“It’s worth noting that gains are not profits,” Redfin stated in its report. Home flippers often complete repairs and improvements before reselling homes, and these projects vary widely in price.While home flippers experienced greater gains in 2013 than in years prior, the actual number of homes flipped was smaller last year than in 2012. In Redfin markets, a total of 67,000 homes were flipped last year, and the number is expected to decline to about 58,500 this year. This is down from 75,000 in 2012 and from a peak of 101,800 in 2005.However, as the number of homes flipped declined, the rate of homes flipped for more than their purchase price increased. Last year, 77 percent of homes flipped recorded gains. In 2008, it was close to the reverse, according to Redfin.Another trend Redfin pointed out is a heightened number of homes flipped by banks instead of individuals since the housing crisis. After a low of 6.5 percent in 2006, bank-flipped homes shot up to 72.2 percent of flipped homes in 2008.By 2013, the share had fallen to 35.2 percent, but Redfin has already noted increased activity from banks so far this year.Redfin also noted increasing flipping activity in a few markets, in particular, Washington, D.C., Atlanta, Fort Lauderdale, West Palm Beach, and Philadelphia. in Daily Dose, Data, Headlines, News Home Flipping Returns Spike in 2013center_img June 22, 2014 409 Views Home Flipping Investors Redfin 2014-06-22 Krista Franks Brocklast_img read more

Corralling the Collateral Chaos

first_imgCorralling the Collateral Chaos Collateral trailing document management—the movement, accountability, and storage of recorded security instruments, title policies, and the like—is a critical part of the mortgage post-closing equation, not to mention a required function for mortgage lenders. Late or missing trailing documents can result in investor fines, delayed payments for loan sales, or loan buybacks.Despite these risks, document management rarely gets the attention it deserves, and neglecting it for too long can lead to chaos. The complexity in dealing with such a cumbersome process is partly what led First American Mortgage Solutions to launch CleanFile Solutions™, with the goal to assist clients in achieving “total loan quality, regulatory compliance, and file perfection from day one,” according to company President, Kevin Wall.Take it from the post-closing professionals that prevention is better than looking for a cure. A small investment now can save time, money, and hassle later. Here’s what is needed to make your document management operations more efficient and effective:Don’t skimp on resources. If ensuring loan packages are complete before delivery is a priority for your business, so should the supporting efforts to make that happen. Post-closing is an area often tapped when extra hands are needed to manage volume fluctuations, but incomplete or inaccurate collateral files can pile up quickly. A dedicated staff should manage the tail end of the loan process continuously regardless of volume fluctuations.Equally necessary are foundational resources. Allocating technical support is important, since systems inevitably need upgrading every time investor requirements change. Another must-have is adequate workspace for receiving, imaging, auditing, and shipping of all those trailing documents.Resolve deficiencies before they become problems.Half the battle of document management is identifying gaps, which requires knowing what to look for and being resourceful to quickly fix defects. Companies should perform this gap inspection upon receipt of a loan package to allow enough time to work with settlement agents to cure, perfect, and complete collateral files prior to investor delivery. Attempting to resolve document deficiencies at the last minute, prior to pool certification, can cause added expense.Know what’s coming in and what’s going out.Monitoring the flow of trailing documents requires more than an Excel spreadsheet or a few fields in a loan origination system (LOS). A comprehensive, 360-degree view of the process can greatly aid in effectively monitoring the status of documents.Statistics are useful to management, such as the average number of days from funding to receipt, from funding to delivery, and the number of documents with defects. Invest in building a sophisticated database that automates the tracking of this information into a system of record as it flows through the process. If building a tracking system is not an option, research available applications from a technology provider.It pays to be picky when outsourcing.The trailing document process is strictly back-office, so outsourcing frees resources to focus on customer-facing operations and provides a competitive advantage by moving fixed costs to variable. When choosing a service provider, important considerations should include access to comprehensive and quality data, as well as trailing document proficiency and industry reputation. Ask probing questions to understand the source of the data, the depth of the organization’s title expertise, and what methods are used to obtain or replace missing policies quickly.Although a clear-cut process, managing trailing documents is deceptively high-maintenance and complex. When left unattended for too long, incomplete or inaccurate collateral files will become an overwhelming chore, but a little attention goes a long way to make the trailing docs process a smooth-running machine, thereby mitigating risk. August 28, 2017 663 Views Document Management 2017-08-28 Chris Brinkleycenter_img in Daily Dose, Data, Featured, Headlines, News, Origination, Servicing Sharelast_img read more

You might also be interested in

first_img You might also be interested in Camposol CEO Jorge RamirezIn late 2017, Peru’s leading blueberry exporter, Camposol, launched its blueberry brand, ‘The Berry That Cares’. One year on, Fresh Fruit Portal caught up with CEO Jorge Ramirez to hear about how the brand has been received in key export markets, plans for the “very intense” next season, and expectations for when Peru will overtake Chile in blueberry exports.FFP: How has everything been going with your blueberry brand since its launch in October 2017?JR: We are pleased to celebrate the first anniversary of our blueberry brand The Berry That Cares (TBTC). The intense marketing campaign we started in 2017 has continued throughout 2018 in our main markets: North America, Europe, and China.Our TBTC blueberries have been well received in China, where they were first offered in 2018. We now have a community of more than 90 thousand followers on Facebook, and our social networks remain constantly active to better consolidate a direct relationship with our consumers. We provide them with messages that support their interest in healthy lifestyles.FFP: Is this brand being used for all of Camposol’s fresh blueberry sales in all markets?JR: Yes, the brand is used for all our blueberries in their various presentations and is much lauded by our clients and consumers worldwide. Besides tastings in sale points in key markets, marketing activities include direct communication with consumers, also via social networks. To this end, the brand is on the Web and has accounts on Facebook, Instagram, QR codes, as well as its own Berry Blog, providing the latest on particular brand characteristics.FFP: What drove Camposol to create a brand for its blueberries? Are there any new opportunities that it has opened up for you?JR: Camposol is outstanding as its DNA not only guarantees commitment to excellence in quality, consistency and service, but stresses the most strident standards of social and environmental responsibility. Thus, we share our experience achieving our standards with our consumers to establish a socially and environmentally prosperous and sustainable business. The best way to ensure this has been to inform our consumers of the benefits offered by the differentiating characteristics of our brand.FFP: What consumer feedback have you received so far?JR: We have received very positive feedback regarding our brand. We have a significant electronic information community and we are constantly in touch with our consumers. We welcome their feedback and incorporate their ideas to our communications. It is interesting to observe how our consumers share common interests, such as a concern for leading a healthy life, the pleasure of having practical and nutritious recipes, the impact of our company on its participants, on our communities, and in protecting nature, among others. Therefore, we portend to inform our consumers and always remain connected and attuned to their needs and expectations.FFP: An important aspect of the “The Berry That Cares” brand is Camposol’s corporate and social responsibility. Could you speak about some of the key policies and initiatives that the company has in this area?JR: This initiative affirms Camposol’s commitment to excellence, in quality, consistency and service, as well as its social and environmental responsibility, seeking to generate shared value for all company stakeholders. Further to the freshness, quality and delicious taste of our blueberries, the brand affirms Camposol’s commitment to its consumers, the planet, the community and its workers by offering non-GMO (not genetically modified) products; by providing a fair and engaged relationship with its workers; by respecting the environment, and by developing a community in what was once a desert.Likewise, our biological control system is noteworthy in as much as it prioritizes natural pest management as well the use of beneficial microorganisms rather than pesticides, to benefit the health of our consumers. Moreover, Camposol was the first Peruvian agroindustry company to join the United Nations Global Compact and to report its performance according to the GRI (Global Reporting Initiative) indicators. As a result of this work, we can say that Camposol blueberries “care”: Our blueberries care about you, our people, community and our planet. FFP: What are your plans for the brand over in the next season?JR: We envisage a very intense 2019 for our brand in all markets. We will focus on continuing our communication with our consumers through accounts on Facebook, Instagram, our website, Berry Blog, our QR codes on our labels, among others. We will also continue to execute promotional activities in-store, as well as advertising, participating in events, fairs, etc.FFP: How is everything going with Camposol’s aim of creating a year-round supply of blueberries?JR: Every season we extend our offer throughout the year. Technically, we can do it and every year we get retail programs that ask us to cover a longer period.FFP: What do you see as being the biggest benefit of offering year-round blueberries?JR: The greatest benefits are on both sides of the chain. Being a reliable supplier of volume throughout the different seasons is always preferred by customers. They see it as fewer headaches and safe base programs. On the production/operational side – lower costs, higher efficiency, less pressure on labor, etc.FFP: Do you have any plans to source blueberries from countries other than Peru?JR: So far, we only have production in Peru. Sourcing from other growers in other countries is always an option, but that is a project that has to be created based on trust and convenience for both parties. There are several countries in scope but nothing concrete as yet.FFP: How did your 2018 blueberry season go?JR: Very well. We ended with higher volumes than projected, earlier than planned, and with a better market than expected. We will finish as the largest blueberry exporter from Peru.FFP: You have been investing heavily in blueberry production in Peru over recent years. What kind of volume increase could we expect to see over the coming years?Next season, we believe Peru will have the similar volumes as that exported from Chile and greater than Chile’s in the following years.FFP: Given the rapidly rising production, what do you think the Peruvian blueberry industry must do in order to remain sustainable in the future?By getting stronger as an industry, by investing in wise marketing on the main markets, and working quickly on opening new ones.FFP: What efforts are underway at Camposol to ensure that the quality of fruit remains as high as it can possibly be?Heavy investments on technology in the field and at the packing levels, together with genetic development, of course.FFP: How do you expect Camposol and Peru’s market distribution dynamics to evolve over the coming years? Will a higher proportion of fruit be sent to any markets in particular?This is part of the strategy each company has. Of course, we will be growing in those markets where we have a stronger position and also in others where we see that there is capacity or need from customers, keeping in mind that we must maintain balanced markets. U.S.: Michigan expects higher blueberry volumes, ” … Blueberries In Charts: Higher market volumes lead … January 21 , 2019 Chilean blueberries fetched lower prices in 2018-1 … Peru expects 20% uptick in produce exports this ye … last_img read more

During this current nine game losing streak the C

first_imgDuring this current nine game losing streak, the Cardinals have been outscored 231 to 95. Skelton has started six games this season and according to ESPN, his overall QBR is 13.9 in 2012.“After a 58-nothing loss like that it’s hard to come into work. Whether we like it or not, we’re playing those next three games,” Skelton said. “I think guys have enough pride to come out and still work and still try to get better for the rest of the year.”Through this rough stretch the Cardinals’ rankings have plummeted. They are 28th in the league in passing yards and 32nd in rushing. Despite the team’s struggles and inconsistencies, Skelton said the guys in this locker room still believe in head coach Ken Whisenhunt. “You know when the chips get down, that’s when a lot of these rumors start to come out,” Skelton stated. “I don’t think any of those rumors started inside the locker room or guys are pointing fingers or anything.”The Cards have just three games left on the schedule hosting the Lions this weekend, the Bears on the 23rd and then traveling to San Francisco to face the 49ers to wrap up the season on the 30th. Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling Top Stories 0 Comments   Share   The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Grace expects Greinke trade to have emotional impact The Cardinals are coming off their worst loss in franchise history, following a 58-0 beatdown by the Seahawks in Seattle on Sunday. In the loss, starting quarterback John Skelton threw four interceptions and left the game in the third quarter with a QB rating of 0.4, which is the second lowest by any player in a game this season. “It will be a tough film to watch,” Skelton said. “There’s a lot of mistakes that need to be corrected. There’s a lot of stuff that’s wrong that needs to get fixed. So I think we’ll take that approach in [Monday’s] meetings.” “It’s rough. It just seems like it’s been one of those years where anything that can go wrong, will go wrong,” Skelton said. “Just gotta take everything in stride and keep on working. Guys are going to continue to come to work as long as they tell us to, so we’ll see.”last_img read more