United Airlines increases MelbourneLA flights

first_imgUnited Airlines has increased their non-stop Melbourne to Los Angeles (LA) flights from six times a week to a daily service.The recent change is a result of increased customer demand after the service, which operates Boeing 787-9 Dreamliner aircraft, launched on 28 October 2014.United Airlines managing director Japan and Pacific sales Alison Espley says the airline is pleased about the Melbourne-LA route’s performance and are excited about the expansion of the service.“The new service has been positively received by our customers who enjoy the benefits of the non-stop service and advance features of this evolutionary aircraft,” Ms Espley said.“Last year many Australian travellers touched down in the U.S. with United and as the popularity of this destination maintains momentum, we are proud to continue to offer competitive products, enhanced flying experience and a new level of inflight comfort to our passengers.“This Melbourne–Los Angeles daily service, along with our earlier timed direct services between Sydney–Los Angeles/San Francisco enables us to provide customers with faster connections and access to many popular destinations in North America, such as New York.”United Airlines has served the Australian travel industry since 1979 and provides over 150 daily services, via its San Francisco and LA hubs, to over 90 US destinations.In addition to non-stop flights between Melbourne/Sydney and LA, United Airlines is the only carrier to offer a non-stop service from Australia to San Francisco.Source = ETB Travel News: Brittney Levinsonlast_img read more

Etihad completes successful platform financing transaction

first_imgEtihad Airways, its airport services business and five of its equity partners have today successfully completed an innovative new platform financing transaction, raising $500 million on the international markets.Etihad Airways, Etihad Airport Services, airberlin, Air Serbia, Air Seychelles, Alitalia and Jet Airways have together taken a new step forward in their strategic business development through this unique fund-raising initiative.At a series of roadshow meetings, held in Abu Dhabi, Dubai and London, the shared vision and strategies of the airlines were laid out to financial institutions. These highlighted the growing network coordination and revenue development initiatives, coupled with joint procurement and business synergy projects, across the airlines.James Hogan, President and Chief Executive Officer of Etihad Airways, said: “The success of this transaction is a major endorsement of the shared vision and strategies of these businesses by the global financial community.“A key element of our equity partner strategy is creating a total which is greater than the sum of its parts, a grouping which can work together to improve revenues, reduce costs and uncover exciting new business synergies.“We have already been able to identify significant opportunities together, whether that be in shared IT platforms, joint fleet procurement or shared training costs. Commercial fund-raising is no different.“Our proposed transaction is simply the next logical step in our growing partnership and underpins its strategic importance.”Allocation of the funds raised will be nearly 20 per cent each to Etihad Airways, Etihad Airport Services, airberlin and Alitalia; 16 per cent to Jet Airways; and the remainder to Air Serbia and Air Seychelles.The funds raised by the transaction will be used largely for capital expenditure and investment in fleet, as well as for refinancing, depending on each individual airline’s needs.The transaction marks the first time that Etihad Airways and its partners have raised funds together.  To date, Etihad Airways has already raised in excess of US$11 billion from more than 80 financial institutions, to help fund its expansion strategy.The funds have been raised through a special purpose vehicle, EA Partners IBV.  Goldman Sachs International, ADS Securities and Anoa Capital are acting as joint lead book-running managers for the offering. Fly Etihad AirwaysSource = Etihad Airwayslast_img read more

10TH anniversary of ILTM Asia connects brands to Asian travellers

first_img10TH anniversary of ILTM Asia connects brands to Asian travellers10TH anniversary of ILTM Asia connects brands to Asian travellersInternational Luxury Travel Market Asia 2016 (www.iltm.com/asia) marked its 10th year 30 May – 2 June in Shanghai, bringing together Asia’s most high level and productive luxury travel agents with 500 luxury travel exhibitors. ILTM Asia is long established as the most significant industry event of the annual business calendar for the luxury travel industry in the region and a highly significant source of business generation for all of the participants. Exhibitors came from 53 countries covering a wide range of categories, introducing global luxury travel brands to the Asian market.Over the four-day event ILTM Asia facilitated over 25,000 one-to-one, mutually matched appointments between those representing global luxury travel experiences from across the world and 500 high-end Asian travel agents, each specialized in creating and planning luxury travel for their high net worth clients.Exhibitors were enthusiastic about their ILTM Asia experience and the impact of the show on the luxury travel industry and their business throughout the year.Federico Versari, General Manager, Grand Hotel et de Milan said “As a first time exhibitor, I’m very impressed with ILTM Asia 2016 and the organization from Reed. I had very good business meetings, met powerful brands and influential buyers, and secured great opportunities for our hotel and the destinations of Milan and Italy. I will definitely return next year.”Ôn Nhã Nghi, Director of Sales & Marketing, The Reverie, Saigon, said “It’s a fascinating experience to be here and I was especially impressed and enthralled with the seminars and educational component. ILTM Asia is a perfect platform for us to target the Chinese luxury market and generation Y.”Cathy Favaloro, Regional Director of Sales, Four Seasons Hotels & Resorts, said “ILTM Asia is an opportunity to meet with existing customers and make connections with those who do not visit Australia. Without ILTM Asia we would not have the opportunity to meet with new luxury buyers. Having been in the industry for 20 years, it is fabulous to have a conduit to be introduced to new targeted buyers for Four Seasons.”Steve Odell, SVP and Managing Director Australasia, Regent Seven Seas Cruises, said “The concentration of appointments over the three days gives us an opportunity to see a lot of existing partners and new buyers over a short space of time. The fact that all the buyers are pre-vetted and selected means that we meet only the right people. The organization is excellent and within our region, I think it’s the most important industry event.”Filip Boyen, Chief Executive Officer, Small Luxury Hotels of the World, said “Asian travellers around the world are growing significantly as a customer segment and companies are well-advised to pay attention. I was incredibly impressed by this year’s speakers and the insights on the luxury sector. ILTM Asia plays an important educational role in the market.”Jack Lim, Regional VP Sales Marketing China, Kempinski Hotels, said “ILTM Asia is the annual event where we can focus our energy every year to showcase our product and meet new quality buyers. It’s an investment that’s dependably valuable for us every year”Steve McLoughlin, Director of Sales Australasia, Ponant Yacht Cruises & Expeditions, said “I’ve been to ILTM Asia a number of years and it improves like a fine wine. This tenth anniversary year has been the best yet, organization was perfect, social events outstanding, and the standard of buyers continues to increase. I’ll definitely be back next year.”Source = ILTM Asialast_img read more

Best Western enters Tokyos vibrant Machida district

first_imgBest Western enters Tokyo’s vibrant Machida districtBest Western® Hotels & Resorts has continued to expand its presence in Japan with the launch of a new hotel in the vibrant Machida district of Tokyo.Now open to guests, Best Western Rembrandt Hotel Tokyo Machida is located in the western part of the Tokyo metropolitan area, with excellent transport links – including extensive rail connectivity – to the city center and other parts of Japan.For example, the popular Tokyo district of Shinjuku is only 35 minutes away via the Odakyu Line, and it takes just 20 minutes to travel to Yokohama on the JR Yokohama Line. Alternatively, guests can stay in Machida and explore the local area, which is blessed with multiple parks, museums and shopping malls.The hotel features a sleek, modern design and all rooms come equipped with contemporary amenities such as flat-screen TVs and complimentary Wi-Fi. Many of the rooms also feature panoramic windows that offer stunning views of the Machida skyline and the glittering lights of Tokyo beyond.Guests have a choice of dining options, with the Carillon Restaurant serving delicious local Japanese and international dishes, along with sumptuous buffets, and Long Fuang Restaurant specializing in exquisite Chinese cuisine.Best Western Rembrandt Hotel Tokyo Machida also features a range of options for meeting and event planners, including wedding services, function rooms and space for private parties.“I am pleased to welcome Best Western Rembrandt Hotel Tokyo Machida to our extensive collection of hotels in Japan,” commented Olivier Berrivin, Best Western Hotels & Resorts’ Managing Director of International Operations – Asia. “With its excellent location and connectivity, modern design and array of international amenities, I am confident it will become a popular destination for both business and leisure travelers.”Best Western operates a large portfolio of hotels all across Japan, from the snow-capped peaks of Hokkaido in the north to the beaches of Okinawa in the south. Best Western Rembrandt Hotel Tokyo Machida becomes the company’s second property in the Tokyo metropolitan area, following the Best Western Tokyo Nishikasai. Best Western Tokyo Machida Japan National Tourism Organisationdiscover JapanSource = Best Westernlast_img read more

Teenage jockey rides to historic Birdsville cup win

first_imgTeenage jockey rides to historic Birdsville cup winTeenage jockey rides to historic Birdsville cup winThe biggest ever Birdsville Races culminated in scintillating style today, with the headline 1600m UBET Birdsville Cup narrowly taken out by 17 year-old apprentice jockey Adin Thompson on the Johnson-trainedBlue Jest.The final day of Western Queensland’s richest two-day race-meet saw close to 5,000 revelers converge on the tiny town of Birdsville to party and punt across a stacked seven-race card, with cornflower blue skies and striking desert terrain further heating up the bumper action.Topping a stellar 12 horse field, the connection of Birdsville Cup winner Blue Jest nabbed a record $40,000 – the largest prize-purse in the race’s prestigious 136-year history.Thompson, one of the youngest Birdsville Cup-winning jockeys in history, is based in Miles, Queensland, with husband and wife duo Bevan and Mel Johnson, who co-trained Blue Jest to a nail-biting win.After the race, Bevan Johnson said: “The horse felt good all week. They told me you couldn’t win with top weight, and then we drew the worst barrier. I’m going to celebrate tonight, that’s for sure!”Bevan Johnson’s win at Birdsville continues a string of successes at country race meets. He led overall acceptances for this year’s Birdsville Races with 13 starters and is the 2017 Queensland Country Trainer of the Year.The Johnsons have been fielding horses at the Birdsville Races since 2010, but 2018 marks their first Birdsville Cup victory. Their jockey daughter Dakota had ridden to many race wins upon Blue Jess, but fell pregnant this year – giving young-gun Thompson the opportunity to ride in the Cup.Outside of the race track, Fashion on the Fields was a final day highlight, with classic, contemporary and novelty divisions for men, women, couples and families.As in previous years, entertainment and trackside hospitality were also key draw-cards, while live music, pub festivities and Fred Brophy’s famous Boxing troupe kept crowds bustling in the township of Birdsville itself.The 16th annual Lexus Melbourne Cup Tour also hit the track on the final day of the Birdsville Races, with Australian all-time great jockey Jim Cassidy parading the Cup before handing it over to Birdsville Race Club President, David Brook.The 2018 Birdsville Races boasted the biggest race field in the event’s iconic 136-year history, with a record 170 entries accepted across 13 races. The 170 acceptances for the 2018 race card broke the previous record of 164, which was set in 2015.The final field collectively journeyed more than 10,000kms, from places as far away as Darwin (NT), Ballarat (VIC), Stawell (VIC), Quorn (SA), Murray Bridge (SA), Adelaide (SA), Tamworth (NSW), Wagga Wagga (NSW) and Gold Coast (QLD).For the first time in 2018, punters from across Australia were able to watch all of the action from the Birdsville Races live from the comfort of their own home, thanks to a national telecast deal with Sky Racing 2.The new deal saw thee Races’ entire line-up telecast into homes across Australia, with half of the wagering proceeds donated to the Drought Appeal to help Queensland farmers doing it tough.“We’ve had an absolute cracker of a meet this year – from our biggest ever race field, to awesome crowds and top-notch weather,” said Birdsville Race Club Vice President, Gary Brook.“It’s wonderful to be able to see continued growth in an event that’s 136 years-old – and we keep welcoming new and familiar faces every year from not only the racing community, but also travellers from all over the country and abroad. The dust never truly settles in Birdsville, and we’re already looking forward to next year’s event!”Proudly supported by Tourism and Events Queensland’s It’s Live! in Queensland major events calendar, the Birdsville Races are led by an organising committee comprised of a network of current and former residents of Birdsville, all keen to share the magic of the outback races – keeping the event alive and in the psyche of Australian punters.Source = Birdsville Raceslast_img read more

NYC Tourism expected to reach record high this year

first_imgThis year, the New York City (NYC) Tourism is expected to reach a record high, with close to 62 million selfie stick-touting visitors expected to visit the Big Apple this year. This figure is about one million more than last year.The city’s moving on expanding its tourism office. Even Queens has a tourism council now, that’s pushing tourists to visit destinations like St. George on Staten Island.There’s nothing that politicians love more than naming infrastructure projects after each other. At that, the new Tappan Zee Bridge, which is actually named after former Governor Malcolm Wilson, will be renamed after another politician, none other than Mario Cuomo, the former governor of New York and father to current governor Andrew.Under the approved legislation, the new $3.9 billion span will lose both the Tappan Zee and Wilson monikers, becoming the Governor Mario M Cuomo Bridge.last_img read more

Cleartrip appoints Manoj Sharma as CTO

first_imgThe organisation has announced the appointment of Manoj Sharma, as its Chief Technology Officer focusing at introducing greater automation, deploying machine learning and AI-driven solutions and developing more value-driven systems for its next level evolution.His appointment is aimed at developing new efficiency and synergy, with a focus on creating ultra-efficient, reliable, and relevant metrics-focused solutions to enhance Cleartrip’s already remarkable customer experience.He holds an M. Tech from NIT Kurukshetra in Electrical Engineering and comes with over 20 years of rich experience in Product Engineering.last_img read more

SriLankan Airlines once again becomes Worlds Most Punctual Airline

first_imgSriLankan Airlines achieved the remarkable feat of being named the World’s Most Punctual Airline yet again, with 90.75% of its flights in May 2019 being ‘on-time’ throughout its route network. This is the second time in less than 12 months that SriLankan has achieved this milestone, having also achieved the world’s number one ranking in September 2018 with a punctuality rating of 91.37%.Vipula Gunatilleka, Group Chief Executive Officer of SriLankan said, “Heartiest congratulations to our company wide team, guided by our Punctuality Improvement Committee, that toils day in and day out to delight our customers by having our flights arrive and depart on time, every time.”This achievement is all the more impressive due to the challenges caused by heightened security at SriLankan’s hub at Colombo’s Bandaranaike International Airport and clearly demonstrates the extraordinary commitment of the National Carrier in providing the finest service to its customers even during a period of adversity.SriLankan headed the categories of ‘Global Airlines’ and ‘Major Airlines’, among all airlines that are monitored by the flight data analysis company Flightstats.com. Flightstats analyses data of airlines across every continent – Europe, North America, Asia, the Middle East and South America – including most of the world’s largest and most prestigious airlines. Airlines are placed among four categories – ‘Global Airlines’, ‘Major Airlines’, ‘Regional Airlines’ and ‘Low Cost Carriers’ – with some airlines appearing in more than one category.last_img read more

Initial Jobless Claims Up to TwoMonth High

first_img in Data, Government, Origination, Secondary Market, Servicing July 11, 2013 449 Views First-time claims for unemployment insurance jumped a surprising 16,000 to 360,000 for week ending July 6, the highest level since mid-May, the “”Labor Department””:http://www.ows.doleta.gov/press/2013/071113.asp reported Thursday. Economists expected the number of claims to drop to 337,000 from the 343,000 originally reported for the week ended June 29. The number of filings for that week was revised up to 344,000.[IMAGE]The number of persons continuing to collect unemployment insurance for the week ended June 29, reported on a one week lag, also increased, up 24,000 to 2,977,000. The number of continuing claims for the week ended June 22 was revised up to 2,953,000 from the originally reported 2,933,000.The unemployment claims report has been released a day early–last Wednesda–instead of the usual Thursday because of the July 4 holiday. The shorter processing time could have contributed to the abrupt increase. The four-week moving average of first-time claims though increased 6,000 to 351,750, the largest week-to-week increase since the end of May, pushing the average to its highest level in more than a month. The four-week moving average of continuing claims declined 3,500 to 2,970,750 for the period ended June 29, the lowest level since May 2008.Although adjusted for seasonal events such as holidays and other predictable, recurring factors, the report covered some of a four-day work week for government who process claims filed electronically.The report on new and continuing claims will have no impact on the monthly employment situation report for July to be released by the Bureau of Labor Statistics on August 2. That report will be based on employment and jobs data for the week of the month including the 12th calendar day–matching the claims data to be reported next week.[COLUMN_BREAK] Even with the week-to-week increase in first time claims and continuing claims, labor markets continue to show improvement over last year. First-time claims year-to-date have averaged just under 350,000, down about 25,000 from 2012 and the lowest weekly average since 2007. Continuing claims–which reflect the ability of out-of-work individuals to get new jobs–have averaged just under 3.1 million each week this year, down from 3.32 million in 2012, also the lowest weekly average since 2007. Continuing claims data though are affected by the federal budgetary sequester as a result of which many states reduced the number of weeks or the amount of benefits.The Labor Department reported the total number of people claiming benefits in all programs for the week ending June 22 was 4,505,508, a decrease of 52,257 from the previous week. There were 5,874,101 persons claiming benefits in all programs in the comparable week in 2012. Extended Benefits were not available in any state during the week ending June 22.According to the BLS, 11,777,000 persons were officially considered unemployed in June with 4,328,000 “”long-term”” unemployed that is, out of work for at least 27 weeks. Of those individuals counted as unemployed, 7.27 million were not receiving any form of government unemployment insurance for the week ended June 22, up about 70,000 from the week earlier.The Labor Department also reported 1,644,987 persons claiming Emergency Unemployment Compensation (EUC) benefits for the week ending June 22, a decrease of 22,877 from the prior week. There were 2,606,287 persons claiming EUC in the comparable week in 2012. EUC benefits this year were directly threatened by the federal budget sequester. According to the Labor Department detail, also reported on a one-week lag, the largest increases in initial claims for the week ending June 29 were in New Jersey (+6,068), New York (+2,824), Connecticut (+2,802), Michigan (+1,814), and Washington (+1,573), while the largest decreases were in California (-9,323), Florida (-3,245), Pennsylvania (-2,628), Massachusetts (-1,973), and Maryland (-1,715).California, the Labor Department said, reported fewer layoffs in the service sector as did Pennsylvania, while citing fewer construction and manufacturing industries as the reason filings dropped. New Jersey and New York said there were more layoffs in transportation and warehousing, while Connecticut reported an increase in layoffs in educational services.Hear Mark Lieberman on P.O.T.U.S. Radio, Sirius-XM 124, Friday, at 6:20 a.m. Eastern._ Initial Jobless Claims Up to Two-Month Highcenter_img Share Agents & Brokers Attorneys & Title Companies Bureau of Labor Statistics Confidence Investors Jobs Labor Department Lenders & Servicers Mark Lieberman Payrolls Personal income Processing Service Providers Unemployment 2013-07-11 Mark Liebermanlast_img read more

ReverseVision Announces Partnership with HMBS Issuer

first_img Share in Secondary Market, Technology November 25, 2013 422 Views Agents & Brokers Attorneys & Title Companies Company News Investors Lenders & Servicers Reverse Mortgage Service Providers 2013-11-25 Tory Barringercenter_img “”ReverseVision””:http://www.reversevision.com/Content/, a San Diego-based reverse mortgage software provider, is welcoming its newest client to the fold: “”Live Well Financial””:http://www.livewellfinancial.com/reverse-mortgage, a leading issuer of Ginnie Mae home equity conversion mortgage-backed securities (HMBS).[IMAGE][COLUMN_BREAK]””As one of only a few lenders capable of placing reverse mortgage originations into the secondary market, Live Well Financial has recently added key management to the company to expand its wholesale and branch partner business,”” said Bruce Barnes, EVP of Live Well. “”Our strategic partnership with ReverseVision is a key step in rolling out our new Broker Advantage Platform that will create a new standard in reverse mortgage wholesale lending.””ReverseVision CEO John Button said his company is equally excited about the partnership.””We are confident that our software will accelerate their business, save them time and increase their bottom line. With nearly every broker that originates reverse mortgages already using our platform, Live Well can immediately tap into a huge pool of potential customers,”” Button said. “”And, our continued software enhancements will ensure Live Well Financial is able to provide their clients with the best software solution in the industry.”” ReverseVision Announces Partnership with HMBS Issuerlast_img read more

Banks Business Strategies Implicated By LowerforLonger Interest Rates

first_img October 28, 2015 476 Views in Daily Dose, Data, Featured, Government, Market Studies, News U.S. banks’ can expect their long-term business strategies to continue to be affected by the “lower-for-longer” interest rate environment that Fed officials have placed the industry in.As the Federal Open Market Committee (FOMC) reconvened Wednesday, results from their October 27th and 28th meeting placed yet another hold on the rate hike, leaving the federal funds rate at the current 0 to 1/4 percent target range.With just one more meeting left this year in December, the Fed has just one last opportunity to raise rates, but many are wary that it will may not occur this year.”To support continued progress toward maximum employment and price stability, the Committee today reaffirmed its view that the current 0 to 1/4 percent target range for the federal funds rate remains appropriate,” the statement said. “In determining whether it will be appropriate to raise the target range at its next meeting, the Committee will assess progress—both realized and expected—toward its objectives of maximum employment and 2 percent inflation.”While waiting for the Fed to raise rates, banks will likely place “additional focus on cost controls to improve operating efficiencies and extend balance sheet duration” to reduce margin compression, according to a recent report from Fitch Ratings. Bank margins have fallen to 3.02 percent as of the first quarter of 2015, the lowest average since 1984, the Federal Deposit Insurance Corporation said.”While many banks have already laid out and executed cost-cutting initiatives, Fitch anticipates further efforts to reduce operating costs and improve operating leverage,” the report stated. “These decisions come at time when many banks have been significantly investing in operational infrastructure to bolster regulatory compliance as well as technology in order to defend against ongoing cyber security threats but also to improve customer experience.When the Fed decides to make a move on rates, Fitch believes there are variables that may affect earnings and capital positions o banks in a higher rate environment.Fitch concluded that it “does not expect significant ratings movements due to rate risks. However, should some banks not be as asset-sensitive as assumed, or should some liquidity or capital be relatively and adversely affected more than others, there could be select negative pressure on ratings.”Click here to view the full report. Banks’ Business Strategies Implicated By “Lower-for-Longer” Interest Ratescenter_img Banks Federal Reserve Interest rates 2015-10-28 Staff Writer Sharelast_img read more

Housing Starts are a Bright Spot But Beware

first_img in Daily Dose, Data, Headlines, News Census Bureau Housing Permits Housing Starts HUD 2016-06-17 Seth Welborn A month after finally showing signs of resuscitation, home starts in May largely flattened out, according to a new report by HUD and the U.S. Census Bureau.Friday’s report found that privately-owned housing starts in May came in at a seasonally adjusted annual rate of 1.164 million. This is 0.3 percent lower than April, though still 9.5 percent up from last May. At the same time, single-family housing starts in May were at a rate of 764,000, which is 0.3 percent higher than in April.Housing completions in May were equally up and down. Privately-owned housing completions were at a seasonally adjusted annual rate of 988,000, which while 5.1 percent above revised April estimates of 940,000, is 3.5 percent lower than in May 2015. Single-family housing completions in May were at a rate of 717,000, which is 2.3 percent above the revised April rate of 701,000, according to the report.Privately-owned housing units authorized by building permits in May were at a seasonally adjusted annual rate of 1,138,000. This is 0.7 percent above the revised April rate of 1,130,000, but is 10.1 percent below the May 2015 estimate of 1,266,000.Building permits, however, were just simply down. Single-family authorizations in May were at a rate of 726,000, which is 2 percent below revised April figures, the report stated.“This is an important signal that builders are slowing expansion.”Jonathan Smoke, Chief Economist, Realtor.comLooking at the bigger picture, industry analysts see an equally mixed blend of sunlight and shade in the Census data. “Despite monthly volatility, the 12-month rolling total inches upwards to the 50-year average,” said Ralph B McLaughlin, chief economist at Trulia. “Housing starts continue to be a bright spot in an otherwise supply -constrained market.”McLaughlin said the potential for growth in housing starts remains solid as starts hover around 80 percent of the 50-year average, and that even if single family starts are slow, builders are “ gaining ground on what has been a strong four years for multifamily construction.”Robert Dietz, chief economist and senior vice president for economics and housing policy for the National Association of Home Builders, said that an elevated construction pace in February makes the numbers of the past three months a little less than straightforward.But Jonathan Smoke, chief economist, at the National Association of Realtors, found at least one thing to keep an eye on.“The most troubling sign in this year’s new construction data is the continued trend of four straight months of starts exceeding permits,” Smoke said. “This is an important signal that builders are slowing expansion.”With starts exceeding permits and permits on decline on a year-over-year basis, he said, fewer starts and completions could be the reality six months down the road.“The bottom line is that we are not seeing enough new construction to keep pace with household formation, let alone address the fact that we have a shortage in both available rental units and for sale inventory,” Smoke said. June 17, 2016 497 Views center_img Housing Starts are a ‘Bright Spot,’ But Beware. . . Sharelast_img read more

VirPack Lanches Preconfigured Document Management and Delivery System

first_img technology VirPack 2017-03-28 Seth Welborn March 28, 2017 588 Views VirPack Lanches Preconfigured Document Management and Delivery System in News, Technologycenter_img VirPack, a provider of document management, imaging and workflow solutions, launches “Preconfigured” Document Management and Delivery System (DMDS) which enables rapid deployment delivering immediate operational efficiency gains and ROI throughout the loan lifecycle.According to VirPack, traditional LOS-provided document management implementation have placed the burden of creating and managing electronic loan delivery profiles on the lender, a problem the company hopes to fix through its preconfigured implementation technology. Lenders can immediately deploy one-click electronic loan delivery that improves secondary market execution and significantly minimizes suspense issues and lock expiration penalties.“Our previous document management provider notified us that they were sunsetting their product. Due to our growth and other high priority projects, our staff had limited time and resources to implement a new document management solution in time for our busy spring home buying season,” said Jill Quinn, EVP of Operations at Philadelphia Mortgage Advisors. “We selected VirPack for their experience, advanced technology and preconfigured methodologies based on best practices that enabled us to gain immediate ROI and provided operational efficiency with the goal of closing more loans with existing staff.”The goal of VirPack’s preconfigured methodology and technology is to significantly reduce the the cycle time from origination to closing. VirPack hopes that lenders will gain increases in production and operational efficiencies.“Historically, with traditional or LOS-provided document management implementations, the process has been extremely taxing on lenders due to its time consuming and resource draining nature” said Cy Brinn, President of VirPack. “By utilizing VirPack’s preconfigured implementation methodology and advanced Document Management and Delivery System (DMDS), lenders can immediately reduce their dependency on paper, generate greater operational efficiency, increase productivity, facilitate collaboration and improve customer and staff satisfaction.” Sharelast_img read more

Mortgage Bankers Report Rising Profits

first_img Share Banks Morgage Profits 2017-04-13 Seth Welborn April 13, 2017 617 Views in Daily Dose, Data, Featured, News, Origination, Servicingcenter_img Mortgage Bankers Report Rising Profits Independent mortgage bankers profits are up, according to the Mortgage Bankers Association’s (MBA) Annual Mortgage Bankers Performance Report. Independent mortgage banks and mortgage subsidiaries of chartered banks made an average of $157 more on average per loan originated in 2016 compared to 2015.”Average production volume for companies in our Annual Performance Report rose in 2016, reflecting a larger industry trend of increasing volume in 2016 over 2015, based on MBA industry estimates,” said Marina Walsh, MBA VP of Industry Analysis.”Average loan balances also rose, reaching a study-high $244,945 for first mortgages in 2016,” Walsh continued. “This translated into higher revenues that reached a study-high $8,555 per loan in 2016.  Yet production expenses also reached a study-high, at $7,209 per loan, and offset a portion of these revenue improvements.  The net result was a slight increase in overall net production income.”The report also found that average production volume was $2,679 million per company, another increase from 2016’s $2,504 million per company. The MBA estimates total production volume in 2016 to be $1.89 trillion, an increase from 2015’s 1.68 trillion.The average production profit rose 6 basis points year-over-year. From 52 points in 2015 to 58 points in 2016. However, 2016 did see a slight drop within the year. Net production income averaged 61 basis points during the first half of 2016, but dropped to 55 in the second half of the year. The MBA reports that the purchase share of total originations by dollar volume dropped slightly in in 2016, from 64 percent in 2015 to 62 percent.More firms posted pre-tax net financial profits in 2016 than 2015, up to 94 percent compared to 2015’s 92 percent. The MBA surveyed 280 firms, 76 percent of which were independent mortgage companies. The other 24 percent were mortgage subsidiaries and other non-depository institutions.last_img read more

Jim Eastwood has been appointed global sales direc

first_imgJim Eastwood has been appointed global sales director at Travel Counsellors.Eastwood has a wealth of sales and management experience for a number of well-known global brands. He joins from Groupon, where he held a number of senior leadership roles, and was most recently the firm’s vice-president of sales for the UK and Ireland.He finished as runner-up on the seventh series of BBC reality show The Apprentice in 2011, with Lord Alan Sugar referring to him as ‘the world’s greatest salesman’.In his new role, Eastman will be responsible for driving Travel Counsellors’ leisure and corporate sales internationally, working across all areas of the company, including marketing, business development and recruitment to identify opportunities for growth and improvement. He will also be working closely with the company’s Travel Counsellor franchisees to continue to improve the support it offers globally.“Jim not only has a wealth of experience and talent, but he also shares the ethos and values of the company, putting people and customers at the heart of everything. Jim also has considerable experience of working on a global scale, which will be crucial when it comes to supporting our 1,600 Travel Counsellors across the world,” said chief executive Steve Byrne. Travel Counsellorslast_img read more

In response to growing demand for more sustainable

first_imgIn response to growing demand for more sustainable cruises, Peregrine Adventures has announced it is tripling the number of its small ship Adventure Cruising departures in Europe in 2018. The carbon-neutral travel company will add four new charter itineraries to its Adventure Cruising range in Europe, with a total of 20 departures available in 2018, and offer a wider range of trips operated in partnership with Variety Cruises, which are carbon-offset by parent company, the Intrepid Group. Additionally, as part of its commitment to sustainable tourism, in 2018 Peregrine Adventures has banned all single-use plastics such as straws, cups, and water bottles on board its Adventure Cruising charter trips. Cloth bags and refillable water bottles will be provided. Peregrine’s small ships carry no more than 50 passengers, enabling travellers to visit the small ports that big ships can’t get to and explore little-known towns and villages in some of the world’s hottest travel destinations. “Travellers are increasingly aware of the impact they can have on holiday,” says James Thornton, CEO of the Intrepid Group. “We’ve heard from local leaders that cruise ship travellers are now being called ‘ice cream tourists’ because that’s all they’re buying when they visit an increasingly overcrowded city like Dubrovnik.” Thornton says he believes the demand for a more sustainable style of small ship cruising is so big, that Adventure Cruising travellers may outnumber those on Peregrine Adventures land-based trips in another ten years. “We’re starting small, but we have big ambitions to grow a more sustainable style of cruise ship travel. There has been an overwhelming response to this first season. By 2025, we may even see more Peregrine customers travelling on small ship cruises than on our land-based trips.” IMAGE: Peregrine Tours & trips–Italy cruiseEuropePeregrine AdventuresSustainablelast_img read more

appointmentsMICENew Caledonia Tourism

first_imgappointmentsMICENew Caledonia Tourism New Caledonia Tourism has appointed Jackie Caldwell as Business Development Manager – MICE, Australia, effective immediately. She will oversee the growth of the destination’s MICE business within the Australian market.Jackie steps into the role with more than 30 years’ experience in the business events industry in Australia, commencing her career as a Conference and Event Coordinator in Sydney with internationally renowned PCO, ICMS Australasia, before taking on high profile roles including as Manager of the Melbourne Ambassadors Program for the Melbourne Convention & Exhibition Centre, and Business Development Director AU/NZ for the Malaysia Convention & Exhibition Bureau.last_img read more

Star Alliance has signed a partnership agreement t

first_imgStar Alliance has signed a partnership agreement to develop a biometric data-based identification platform that will significantly improve the travel experience for frequent flyer programme customers of Star Alliance member airlines.The interoperable platform advances the Star Alliance and NEC strategic vision of delivering a seamless customer journey, while strengthening loyalty value proposition within the travel ecosystem.Once implemented, Star Alliance customers who opt-in to biometrics will have a seamless and handsfree passenger experience, allowing them to pass through curb-to-gate touchpoints within airports, such as check-in kiosks, bag-drop, lounges, and boarding gates, which traditionally require both a passport and boarding pass, by using a secure identity management solution featuring facial recognition technology.Moreover, the platform will help airports and the Star Alliance member airlines to increase operational efficiency.The service will be available to customers who are enrolled in one of the Star Alliance frequent flyer programmes and who have authorised the use of their biometric data.(L-R) Masakazu Yamashina, Executive VP NEC Corporation and Jeffrey Goh, CEO Star Alliance Frequent Flyer ProgramNECStar Alliancelast_img read more

The Arizona Cardinals would be hard pressed to be

first_imgThe Arizona Cardinals would be hard pressed to be anymoreexcited about their fourth round pick in this year’sdraft.Bobby Massie, who they selected out of Mississippi, wasprojected to go as high as the second round. That he fellto the Cardinals in the fourth is a gift the team washappy to receive.“You don’t find 6’6″, 325 lb lineman with athleticism andlong arms growing on trees,” newly-appointed VicePresident of Player Personnel Steve Keim told ArizonaSports 620’s Doug and Wolf. “We were fortunate to findthat he was still available at pick 112.” Indeed.The offensive line has long been a concern for the team,and many were shocked they didn’t address the positionearly in the draft.The Cardinals instead kept true to their draft board,landing them players like Michael Floyd and Jamell Flemingprior to nabbing Massie.But, if the tackle is as good as the team thinks he canbe, they’ll have themselves a bookend for many years tocome, possibly even at left tackle — but that would bedown the road.“He certainly has the mobility and the movement skillsthat rival many of the offensive tackles that I’ve seenplay on the left side at our level,” Keim said. “So Icertainly wouldn’t count it out, but I think to bring himin right away, he’s the prototypical right tackle.“He’s long, he engulfs people at the point, he’s got adegree of explosiveness through his hips. He’s a fun guyto watch.”The Cardinals may be banking on watching Massie play thisseason, as there’s a good chance he’ll be needed toreplace former right tackle Brandon Keith. Nevada officials reach out to D-backs on potential relocation 0 Comments   Share   Top Stories center_img D-backs president Derrick Hall: Franchise ‘still focused on Arizona’ Cardinals expect improving Murphy to contribute right away What an MLB source said about the D-backs’ trade haul for Greinkelast_img read more

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first_img Comments   Share   Former Cardinals kicker Phil Dawson retires Derrick Hall satisfied with D-backs’ buying and selling The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories “I can’t say that I really have butterflies, man,” Mathieu said Friday. “I’m just excited to finally have the opportunity to play in my first career NFL game. It’s blessing, I’m humbled and I just want to go out there and do what I do.”Mathieu played well in Arizona’s preseason games, registering 12 total tackles and a quarterback sack. He also averaged 7.7 yards on three punt returns. Because of his solid preseason, Mathieu feels comfortable heading into live fire for the first time.“I feel like I’m an NFL player, I’ve been practicing like an NFL player,” he said. “I think my understanding of the defense and what we’re trying to do is getting better every week and I’m just looking forward to going up against some opponents for four quarters.”One of the opponents Mathieu will face Sunday is a familiar one. Rams’ rookie wide receiver Tavon Austin should be a focal point of the St. Louis offense Sunday, and the “Honey Badger” is familiar with his game having faced him twice in college while Austin was at West Virginia.“He’s a great talent, we’ve got a ton of respect for each other,” he said. “We definitely like competing against each other and challenging each other.” LSU beat West Virginia in 2010 and 2011, with Mathieu collecting an interception in each game. But Austin did have a huge game in 2011, catching 11 balls for 187 yards in a game LSU won 47-21.“He’s quick, you can’t give him a lot of space — he’s definitely going to make the most out of it,” Mathieu said. “But I think you challenge him at the line of scrimmage and just compete with him for four quarters, I think it would be good for me.”Opposition aside, Mathieu has a goal for his first game and beyond.“Hopefully I’m exciting, hopefully I’m entertaining and hopefully I’m doing my job to the best of my ability.” There was a time when it didn’t look like Tyrann Mathieu would play in the National Football League.Despite being named the SEC Defensive Player of the Year and finishing fifth in the Heisman Trophy balloting in 2011, off-field troubles derailed Mathieu’s LSU career and put his pro prospects very much in doubt.Those issues are in the rookie’s rearview mirror as he and his Arizona Cardinals teammates get ready for their season opener Sunday in St. Louis. But Mathieu isn’t overwhelmed by the enormity of his first real NFL game. Grace expects Greinke trade to have emotional impactlast_img read more