Why Single-Source Vendors Could be the Future

first_img The Best Markets For Residential Property Investors 2 days ago Related Articles Data Provider Black Knight to Acquire Top of Mind 2 days ago in Daily Dose, Featured, Foreclosure, News December 20, 2018 2,284 Views Share Save Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Altisource FHA Foreclosure Hubzu mortgage Patrick McClain Servicing Travis Britsch Vendors 2018-12-20 Scott Morgan Tagged with: Altisource FHA Foreclosure Hubzu mortgage Patrick McClain Servicing Travis Britsch Vendors Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Why Prepayment Activities Have Declined Next: Fannie and Freddie’s 2019 Goals Subscribecenter_img Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Why Single-Source Vendors Could be the Future  Print This Post Why Single-Source Vendors Could be the Future Scott Morgan is a multi-award-winning journalist and editor based out of Texas. During his 11 years as a newspaper journalist, he wrote more than 4,000 published pieces. He’s been recognized for his work since 2001, and his creative writing continues to win acclaim from readers and fellow writers alike. He is also a creative writing teacher and the author of several books, from short fiction to written works about writing. Delinquencies and foreclosures are about to make a comeback and single-source vendors are poised to the future for servicers, according to Altisource.In “The State of the Servicer Industry in 2018,” the firm sees the combination of high home prices and oft-risen interest rates as a sign that servicers will soon see an increase in delinquency and foreclosure rates in their FHA portfolios.And servicers seem to be aware of this “inflection point.” Nearly three-quarters of servicers Altisource surveyed said they expect their FHA portfolios to increase within the next two years.FHA loans already have increased, after a wave of interest early this year from buyers with lower credit who capitalized on the FHA’s Claims Without Conveyance of Title, or CWCOT, program’s more lenient downpayment requirements.With the upswing in FHA loans, though, comes the increased risk of defaults in FHA portfolios, especially as rates continue to climb. And while price escalation has been slowing down in the latter half of 2018, values remain out of reach for average and below-average earners in many markets, where wage growth has not necessarily caught up.With the possibility of more defaults looming, servicers say they are overwhelmingly likely to take a single-vendor approach to managing multiple services. Nine in 10 servicers, in fact, told Altisource that they are strongly leaning towards a single-source vendor, with two-thirds citing efficiency and compliance management as the main reasons.Single-source vendors are also an increasingly appealing option simply because of their prevalence. The sector grew as the housing market recovered from the crash and the glut of properties once maintained by small networks of vendors gave way to consolidated resources.If there’s a hangup for servicers, it’s that they’re having a lot of trouble finding single-source vendors they feel comfortable working with. Altisource says more than half of the servicers surveyed said they had trouble finding good vendors for trustee and auction services.That said, 73 percent of servicers said they are using third-party as part of their CWCOT program, mostly because those vendors provide end-to-end services. But 57 percent say they wish the data analytics these vendors used were not as efficient or effective as they could be. Servicers Navigate the Post-Pandemic World 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Sign up for DS News Daily About Author: Scott Morganlast_img read more

Ind vs Eng: England aim whitewash in ODIs too, says Bresnan

first_imgEngland paceman Tim Bresnan on Tuesday said they are looking to hit India hard in the upcoming One-day series as they aim to inflict another whitewash on the hapless World Champion side.India will go into the five-match ODI series, starting September 3, without five of their World Cup heroes due to injuries.Virender Sehwag, Yuvraj Singh, Harbhajan Singh and Zaheer Khan have all been ruled out of ODI action and Gautam Gambhir is also likely to miss the series due to concussion.”India might be favourites because they won the World Cup only a few months ago. But we’re quite difficult to beat at home in one-day cricket as we showed against Sri Lanka.”If we hit our straps against India we should get the result we’re after. We hit them hard in the Test matches and we’ll be looking to do the same in the one-dayers,” Bresnan, who is a also utility batsman, said.The burly pacer said they are eyeing nothing short of victory in all the remaining matches in the tour, which also includes a one-off Twenty20 on Wednesday.”India are a top side and we have to respect them in all forms, ?especially the shorter ones. But we’re out to win every game, that’s our mentality,” Bresnan was quoted as saying by ‘Daily Mirror’.Bresnan felt that it was right decision to rest Kevin Pietersen for the ODIs.”It’s good for him to get a break. No Kevin Pietersen in the side just provides a chance for someone else to step up to the plate and show us what they can do.” PTI ATadvertisementlast_img read more

Mourinho: Maybe it’s better to holiday in Barbados

first_imgJose Mourinho has hit back at pundits who criticised his reaction to Marcus Rashford’s missed chance against Young Boys on Tuesday.The Manchester United manager turned to the crowd and shook his head after the 21-year-old passed up an opportunity early on in the Champions League clash at Old Trafford.The Portuguese’s reaction sparked criticism from Gary Lineker, who tweeted : “Turn to the crowd and your own bench and shake your head in disgust at one of your own players, let alone a youngster. You just don’t do that as a coach.” Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! But Mourinho says his reaction was not aimed just at the 21-year-old forward, as he grew frustrated with his team until Marouane Fellaini scored an injury-time winner.“We don’t score enough goals but it is not about Marcus,” Mourinho told reporters. “It is about us as a team, it is very difficult for us to score goals but Marcus makes the movement, makes the runs, works hard when the team has the ball and doesn’t have the ball. “I can never, never blame a player because of missing chances. Can I have on the touchline – where not a lot of the ones that comment on football, they were there; not many of them were there – can myself or another manager have a reaction of frustration? “I would invite that people sit on the bench as managers, but I think maybe it is better to have lots of holidays in Barbados and go to the television screen and touch the electronic dummies, I think it is much more comfortable than being on the touchline like we managers are. “A proper football manager would never criticise another one because it’s deja vu for them. For the ones with a nice life it is different.”Mourinho then refused to be drawn into an argument with Paul Scholes when asked about the former midfielder’s claim that United should have won easily against the Swiss side.“I’m not going to comment on Mr Scholes. I’m not going to comment,” he said.last_img read more

8 days agoJames: Romero has improved Man Utd teammate De Gea

first_imgJames: Romero has improved Man Utd teammate De Geaby Freddie Taylor8 days agoSend to a friendShare the loveDavid James says Manchester United goalkeeper Sergio Romero’s foot skills have improved David De Gea.The Argentine will replace De Gea for Sunday’s clash with Liverpool after the 28-year-old went down with an injury in Spain’s draw with Sweden.And former England goalkeeper James believes Romero, who joined United in 2016, has helped De Gea increase his proficiency in playing out from the back.”I’ve analysed him and there are a few ‘keepers who are highly-rated who just put the ball out there in a general area. But he’s as good as Ederson and Alisson using his left foot and right foot,” James told Goal.”David de Gea is, of course, the number one, but I looked at Romero when Manchester United bought him and I was amazed at how good the guy is with his feet – then I saw an improvement in De Gea.”What you tend to find is when you’ve got two ‘keepers or two players training with each other day in, day out, you start picking up positive habits from the other player.” About the authorFreddie TaylorShare the loveHave your saylast_img read more

Bret Bielema Spent Flight To NFL Draft Writing Mother’s Day Cards To Recruits

first_imgBret Bielema writes a mothers day card to recruits.Bret Bielema Mother’s Day CardsRecruiting college football players doesn’t just mean recruiting the actual athletes – coaches often have to convince a player’s family that their school is the right place for their loved one. Arkansas coach Bret Bielema gave us a reminder of that Friday morning.Bielema, who took a flight to the NFL Draft to support his players, posted photos of Mother’s Day cards he’s sending to recruits’ mothers. He also mentioned that he’s willing to write to girlfriends of recruits – if need be.Productive flight to draft. Mother’s Day cards for prospects #WoooPig … Can write girlfriends if needed! pic.twitter.com/c5HCWkjFGo— Bret Bielema (@BretBielema) May 1, 2015This isn’t anything new – but usually, we see the finished product from recruits, not coaches. The Razorbacks have done a nice job on the recruiting trail the past few years – we’ll see if it continues.last_img read more

Cross country teams set for final meet before Big Ten Championships

The cross country Big Ten Championships meet is more than two weeks away, but the Ohio State men’s and women’s cross country teams will get a chance to run against championship-level competition Friday. The Buckeyes will run at the Wisconsin Adidas Invitational Oct. 14 in Madison, Wis. The meet will feature a number of ranked teams. Nineteen men’s teams are ranked in the top 30 in the country with the women’s field including 18 of the top 30 teams. OSU men’s head coach Robert Gary said having such a high number of good teams at one meet outside of the NCAA National Championship is a rarity. “This is an unprecedented number of great teams, usually you don’t get this many good teams at one meet until the national meet,” he said. Coaches from both OSU’s men’s and women’s teams said they are excited their runners are getting a chance to compete at a high level before championship season. “I think one of the good things about this meet is you have such good competition,” OSU women’s assistant coach Chris Neal said. “I think it’s a good chance for some of our girls to get out and run fast.” Another aspect of the meet that intrigues both coaches is the amount of Big Ten teams that will be in Madison: nine for the men and 10 for the women. A number of teams that the Buckeyes will run against at the Great Lakes regional meet are also a part of the field. Gary said he is looking forward to seeing how his team measures up with the rest of the conference and teams from OSU’s region. Viewing the meet as a “trial run” for the Big Ten championship is something the women are doing according to Neal. “This (meet) will allow us to see where we line up and what moves we need to make over the next couple weeks,” he said. The men will be without one of their top runners, redshirt senior Jake Edwards, who injured his hamstring at the Notre Dame Invitational Sept. 30. Even though Edwards isn’t running, the men think a top-10 finish is possible. “That’d be great,” junior Donny Roys said. “Getting in the top 10 will show that we’re meant to be at the national meet.” The women have aspirations of a high team finish as well, redshirt senior Jordan Jennewine said. “I think as a team we’d really love to be around top 20,” she said. In order for both teams to reach their place goals, running as a pack will be key. “I think we just need to get out and stay together,” Roys said. “We need to work on the last couple miles and staying together from the beginning.” Jennewine said having a small split between the first and fifth runner is important for the women to run well. “We already talked about keeping the spread small, and we’ll really keep our point total down,” she said. “When you have a lot of good teams, that’s basically the key to winning.” Coach Neal agreed. “When you’re talking about a field of this size, 15 seconds can be 40 points,” he said. “So, we really have to get our fifth and sixth runners to be up where our two through four runners are.” After running on Friday, the women will have a week off before the Big Ten Championship meet Oct. 30. The men will run at the Eastern Michigan Fall Classic Oct. 21. read more

Agri Marketing dept mulls steps to prevent unnecessary potato price hike

first_imgKolkata: The state Agriculture Marketing department is preparing a plan of action to check “unnecessary” increase in the price of potato.A meeting has been convened in the office of the department at Khadya Bhavan, where the course of action will be decided to ensure that common people do not suffer due to unnecessary increase in potato prices. The department has already identified that a section of middlemen are mainly behind the increase in the price of potato, despite the fact that there is surplus production over the annual consumption capacity in Bengal. Also Read – Heavy rain hits traffic, flightsAt present, potato in districts is getting sold at a price between Rs 16 to Rs 18. Whereas in the markets in Kolkata and its adjoining areas, the price is higher at least by Rs 2 and people are paying Rs 20 to buy a kg of potato.Tapan Dasgupta, the Agriculture Marketing minister, said: “A meeting has been convened to discuss the issue and to prepare a plan of action to check the increase in the price of potato.”Senior officials of the department, representatives of West Bengal Cold Storage Association and the Association of Potato Traders will be attending the meeting. Also Read – Speeding Jaguar crashes into Merc, 2 B’deshi bystanders killed”There is no valid reason for the increase in the price of potato. But it has come to our notice that the prices are going up, mainly because of a section of middlemen,” said Dasgupta, adding that officials of the department have already been directed to maintain vigil at all the markets in Kolkata and the districts, so that the middlemen do not get any scope to “play foul” to increase the price of potato, until the meeting is held.According to the senior officials of the state Agriculture department, this year the production of potato stands at 1 crore metric tonnes, while it was around 1.10 crore metric tonnes last year. But in no way is the deficit of 10 lakh metric tonnes the reason behind the increase in potato prices, as the annual requirement of potato for consumption of the people in the state is 60 lakh metric tonnes only and the remaining 40 lakh metric tonnes get exported to other states. So, in such a situation when there is excessive production, a proper plan of action is needed to ensure that the price of potato does not increase without any valid reason, the official added.It may be mentioned that constant raids conducted by the officials of the Agriculture Marketing department has brought an end to the menace of using brick dust or soil on potato, to give it a look of superior quality.last_img read more