Servicers: How to Optimize CWCOT Strategies

first_imgHome / Daily Dose / Servicers: How to Optimize CWCOT Strategies  Print This Post About Author: Nicole Casperson Demand Propels Home Prices Upward 2 days ago Share Save Previous: Fast-Tracking Foreclosure Next: Residential Construction Driving National Migration Patterns Nicole Casperson is the Associate Editor of DS News and MReport. She graduated from Texas Tech University where she received her M.A. in Mass Communications and her B.A. in Journalism. Casperson previously worked as a graduate teaching instructor at Texas Tech’s College of Media and Communications. Her thesis will be published by the International Communication Association this fall. To contact Casperson, e-mail: [email protected] November 8, 2017 1,956 Views Altisource CWOT Min Alexander 2017-11-08 Nicole Casperson The Best Markets For Residential Property Investors 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Demand Propels Home Prices Upward 2 days ago Related Articles Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago  As the popularity of Federal Housing Administration (FHA) insured home loan lending expands, servicers are looking to refine their strategy for managing foreclosure homes under the Claims Without Conveyance of Title (CWCOT) program.In a recent white paper titled, “New Opportunities for Servicers to Optimize CWCOT Disposition Strategies” author Min L. Alexander, SVP of Real Estate Services for Altisource, lays out a roadmap for an effective and efficient CWCOT program strategy.“One that incorporates elements of decision theory and risk modeling to simplify and streamline processes while decreasing loss severity for servicers,” Alexander writes. When optimizing CWCOT outcomes, there are a few obstacles that servicers will face, and Alexander outlines three. First, effectively utilizing available data to make decisions, while most information is available to servicers — including asset level, mortgage, market, and vendor cost data—servicers often struggle to produce clear, meaningful outputs that make decision making easier.Second is accessing intuitive technology platforms, as most vendors and servicers rely primarily on platforms, which function as electronic filing cabinets with limited capabilities for integration outside of simple workflow tasking and document storage, Alexander delves into detail on what can be done to overcome this. Finally, Alexander’s third obstacle to a successful CWCOT program is the inability to readily integrate processes and data flow across multiple vendors—causing material timeline delays and poor quality results for the next vendor.In the end, Alexander proposes a solution to each of these challenges. Want to know how to ensure an optimal CWCOT program strategy? Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Headlines, Market Studies, News Tagged with: Altisource CWOT Min Alexander Servicers: How to Optimize CWCOT Strategies Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Subscribelast_img read more

Monopoly misspelling

first_imgWalton Street, the home of Oxford University Press, has been misspelt in the city’s latest version of the board game Monopoly. Although the original Oxford version, produced in 2001, has no such spelling mistakes it appears that Walton street, a yellow card along with Banbury Road and High Street, has been spelt ‘Wolton Street’ in some games recently sold on Amazon. Many students were quick to notice the irony that the misspelt street is home to OUP, the publishers of the Oxford English Dictionary. “It’s good that Oxford has its own monopoly board, especially considering how iconic the game is, but it seems pretty strange that the manufacturers managed to spell all the street names right the first time round and have errors now,” said Sarah Kroloff, an English student at Exeter college. However, some Jericho residents were not amused. Jericho Community Association chairman Jenny Mann told the Oxford Mail, “I think this is outrageous and I take this as a personal insult.” Adding that she wants ‘the manufacturers to look into this as soon as possible because Walton Street is a famous ancient street. People in Jericho will want the game to be reprinted.” The game’s manufacturers Winning Moves, are now trying to establish how many sets have been affected and have promised to amend the error on the next print run, when that will be however, has not been confirmed. Monopoly can trace its history back to 1903 and arrived in the Britain in the 1930s, becoming a staple family board game. Oxford is one of many recent variations on the London board with which many are familiar, with The Randolph Hotel and the Ashmolean replacing Mayfair and Park Lane, while other places such as the Covered Market and the Pear Tree Park & Ride are also mentioned.last_img read more

ND adjunct law professor confirmed as federal judge

first_imgNotre Dame adjunct professor of law Damon Leichty was confirmed as a federal judge for the U.S. District Court for northern Indiana in a 85-10 vote by the U.S. Senate on Wednesday.Nominated by President Trump in July 2018, the South Bend lawyer will replace Judge Robert L. Miller Jr.As an adjunct professor at the Law School, Leichty teaches classes in product liability. He graduated from Wabash College and Indiana University Maurer School of Law and is a partner at the Barnes & Thornburg law firm.Tags: Damon Leichty, Federal judge, ND Law school, Senate, US Senatelast_img

California city approves coal export ban from Levin-Richmond Terminal

first_img FacebookTwitterLinkedInEmailPrint分享The Salt Lake Tribune:A Bay Area city that has been a key export gateway for Utah mines has approved a ban on the storage and handling of coal, potentially severing a vital link to the global marketplace for a commodity that is rapidly losing domestic customers.In a unanimous vote Tuesday and despite fierce resistance from industry and labor unions, the Richmond City Council OK’d a measure that allows a three-year phaseout for the city’s one coal handler, the Levin-Richmond Terminal, where about 1 million tons of Utah coal is transferred each year from rail to Japan-bound vessels.“I guess we are going to litigate,” said Jim Holland, the terminal’s vice president for facilities, equipment and environment. He contends that the ban will put the terminal out of business, costing at least 60 mostly high-paying union jobs. Also threatening to sue is Utah’s largest coal producer, Wolverine Fuels, which announced its intentions in a letter to the council before a Dec. 3 hearing on the coal prohibition.Public health and environmental advocates applauded Richmond’s adoption of a coal ban, which had been in the works for more than a year and was spurred by residents’ complaints about coal dust allegedly coating homes, yards and streets.“Richmond communities are already overburdened by pollution from the I-80 and I-580 corridors, the Chevron refinery and other industrial polluters,” said Julia Walsh, a professor of health at the nearby University of California in Berkeley. “Cutting out this source of deadly particulate matter in the form of coal dust means fewer trips to the hospital, fewer kids with asthma, and longer life spans for many residents.”[Brian Maffly]More: Big setback for Utah mines as Bay Area port city bans coal California city approves coal export ban from Levin-Richmond Terminallast_img read more

Chile, Ready for Exponaval 2016

first_imgBy Carolina Contreras/Diálogo November 22, 2016 Everything is ready for the start of Exponaval 2016, the X International Maritime and Naval Exhibition and Conference for Latin America, and for Trans-Port, the V Maritime and Port Exhibition for the Latin American Industry. The two exhibitions will be held simultaneously from November 29th through December 2nd at the Chilean Naval Air Station Concon, located in Valparaíso Region, 132 kilometers from the capital, Santiago. This exhibition, organized by the Chilean Navy and event management company FISA, has taken place every other year since 1998. As the only exclusively naval exhibition in the region, it has positioned itself as the most important naval defense and maritime fair in the region. The exhibition brings defense and maritime companies together from all over the world, including shipyards, maritime technology companies, and security and telecommunications firms. “(Exponaval) is recognized globally as a fundamental occasion to protect naval and maritime regional interests,” said Admiral Enrique Larragaña, commander in chief of the Chilean Navy. More than 160 companies will participate in the event, 70 percent of which are foreign. They will show off their technological advances and innovations in the development and production of submarines, frigates, amphibious transport vessels, icebreakers, offshore patrol vessels (OPVs), tugboats, and patrol boats. New sensors, fire control systems, rocket and missile systems, communications systems, command and control systems, propulsion systems, robots, minesweeper and inspection submarines also will be on display. In addition, air-maritime exploration and search aircraft will be available for inspection, along with simulators and maritime security equipment. The show will cover an area of 14,500 cubic meters of exhibition space. “Exponaval is also a meeting point for Latin American and other navies around the world, where 31 official naval delegations have confirmed their attendance. The delegations from Uruguay, Paraguay, Mexico, and Argentina will be headed by their country’s naval commander in chief, while in the case of the United States and Mexico, they will be headed by representatives from their respective navies,” said Adm. Larragaña. “(Exponaval) is an occasion for sailors around the world to get to know and exchange with each other. It offers a chance to dialogue with the top naval authorities from each of the invited delegations,” said Chilean Navy Vice Admiral Francisco García-Huidobro, president of Exponaval. New vessels and demonstrations This year, organizers hope to attract more than 9,000 visiting professionals, thanks to the presence of foreign navy vessels such as Brazil’s “Constituição” (F-42) Niteroi class frigate and Mexico’s “Centenario de la Revolución” PO 164 OPV. These units, along with a Chilean Navy team, will develop a program of activities that will “contribute to increasing the bonds of cooperation and interoperability of allied navies,” said Vice Adm. García-Huidobro. On December 1st, the Chilean Navy will carry out a naval exercise in Valparaíso Bay demonstrating its response capacity during environmental and security threats. The simulation will consist of the detection and subsequent neutralization of a terrorist group transporting radioactive waste on board a motorboat hidden in the Port of Valparaíso. The Chilean Navy’s board-and-search group is charged with the mission and will have assets at their disposal such as the “Piloto Pardo” OPV, a P-3 Orion plane, Cougar helicopters, fast attack craft, personal watercraft and inflatable boats to control the threat of radioactive material and to contain a possible oil spill. Fast Rope demonstrations are likewise being planned. They will involve air assets to show their rescue capacities and also demonstrations of the Damaged Aircraft Escape Simulator, considered one of the most modern in South America. Sustainability as a challenge This year’s theme – “Challenge of Sustainability of the Naval and Maritime Industry” – will bring together notable domestic and international exhibitors to discuss subjects such as energy efficiency and emissions control in different propulsion systems and new designs for combat ships. The exhibitors also will analyze the impact of larger merchant ships on port infrastructure and the associated logistics chain. In addition, they will address future projects in Latin American terminals. Exponaval 2016 includes the development of technical conferences, which allow exhibitors and visitors to get to know the latest innovations and trends in technology. “For four days, the global vanguard in terms of defense and maritime work will be gathered here and will be at the disposal of our personnel. That is invaluable,” concluded Vice Adm. García-Huidobro.last_img read more

SOCSOUTH, Guatemalan Female Engagement Platoon Exchange Information

first_imgGuatemalan soldiers listen to the female’s role in the U.S. Army during an information exchange seminar held in Cobán, Guatemala, September 24, 2019. (Photo: U.S. Sergeant First Class Alex Ramos, Special Operations Command South)The project was produced in support of a SOCSOUTH Military Information Support Program aimed at increasing the image of the Guatemalan Comprehensive Action for female engagement and institutional professionalization, and enable the U.S. partner to increase their security proficiencies.The all-female platoon formed in Guatemala will be deployed in the Izabal region to assist with humanitarian and peacekeeping operations. By U.S. Sergeant First Class Alex Ramos / Special Operations Command South October 16, 2019 The role of women has steadily increased in the U.S. military, with women reaching positions of higher authority with thousands of troops under their command and control becoming more common.The Guatemalan military is making advances by expanding the role of women in United Nations peacekeeping operations with a recently established Female Engagement Platoon.U.S. Special Operations Command South (SOCSOUTH) participated in an information exchange seminar focusing on the integration of women and equality in Cobán, Guatemala, at the Regional Peacekeeping Operator Training Center (CREOMPAZ, in Spanish), on September 24, 2019. The information exchange with 19 female Guatemalan military attendees was led by SOCSOUTH’s Civil Affairs noncommissioned officer (NCO) U.S. Army Sergeant First Class Elizabeth Almonte.“They are just in the stage in their military where they’re starting to incorporate women into different roles other than support, and realizing the benefits and the advantages of incorporating women at levels of leadership, at planning, at different military occupational specialties,” she said. “It’s important to understand that it’ll help them grow to get to a point where they’ll have full integration of women in their militaries.”Throughout the day topics such as the evolution of the female role in the U.S. Army, lessons learned from Civil Affairs operations, and NCO professional development were discussed. To help build partner nations’ capacity in order to increase security and stability in the region is always at the forefront of SOCSOUTH’s priorities.“I was able to obtain a [level] of understanding on where these soldiers, these female soldiers, are coming from”, said Sgt. 1st Class Almonte. I felt it was successful in identifying some of the challenges they are currently experiencing in their newly acquired role as Civil Affairs soldiers and Cultural Support experts.”last_img read more

The secret BSA/AML weapons of smaller financial institutions (Part 1)

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr The ever-increasing importance of a robust BSA/AML monitoring system has become more than clear in recent years. However, an all-encompassing monitoring system often feels beyond the reach of the smaller financial institution. Resources are finite, and some institutions are left floundering when attempting to cover all their bases. What must your small financial institution do to determine whether its BSA/AML monitoring system is as sound as those applied by their far larger counterparts? In this two-part blog post, we’ll break down two essential elements that smaller financials must have in their BSA/AML monitoring systems.Secret Weapon No. 1: SufficiencyThe first secret weapon is sufficiency. When we talk about sufficiency, we are talking about whether the monitoring completed in your institution, whether manually or through an automated system, completely covers all of the suspicious activities that should be monitored.However, there are many other logistics that need to happen within an institution besides BSA/AML compliance. So, we also want to make the process efficient by completing a thorough AML review using the least amount of resources (like time and money) as possible. continue reading »last_img read more

Bench warrant served vs drug suspect

first_imgILOILO City – Police arrested a manfacing illegal drug charges in Barangay Camambugan, Balasan, Iloilo. He was identified as 54-year-old JuvyPantino, a police report showed. Pantino’s apprehension on Sunday wasstaged on the strength of a bench warrant in relation to the charge forviolation of R.A 9165, or the Dangerous Drugs Act of 2002 he faces. center_img The suspect was detained inside thelockup cell of the Balasan police station./PNlast_img

Sumner County Sheriff weekly booking: April 20- April 27, 2015

first_imgSchmidt,Noah33Wichita KSSumner/ Cowely line on US 166 HWYSUSODriving under influence4/26/15 MPD2  Courtney, James C24Mulvane KS777 Kansas Star Dr, Mulvane, KSMPD Domestic battery4/25/15 Lopez-Garcia, Luis A36Orlando FLI-35 MM 17 South BoundSUCODriving while suspended4/23/15 KGRC1 Hartson, Jeremie D36Wellington, Ks924 W 7th Wellington KSWPDDistrubing the Peace4/20/15 Parks, Angela M30Hutchinson KS610 E Hillside, Wellington, KS. 67152SUCOServing Sentence4/24/15 Tompkins, Gregory M25Reynoldsburg OH200 N. Ohio Oxford, KSOXPDDriving while suspended4/21/15 Provencio, Sylvester B21Caldwell KS119 N Osage Caldwell, KSSUCOAggravated battery4/22/15 Dridi, Heshaem B24Topeka KSShawnee County DetentionSUCOProbation Violation4/21/15  Hernandez, Brenda27Newton KS610 E HillsideSUCO Failure to appear4/23/15 Pinkston, Savanah D28Wellington, Ks924 W 7th Wellington KSWPDDistrubing the Peace4/20/15 WPD7 Corter, Justin W32Wellington, Ks815 N Woodlawn, Wellington, KSWPD Battery4/25/15 Reyes, Patricia R27Wichita KS501 N Washington Wellington KSSUCOBond Revocation4/23/15 Monday 0600  to  Monday 0600  WEEKLY   BOOKINGS 4/20/2015 thru 4/27/2015  Total33 BPPD1         Johnson, Robert N53Belle Plaine KS610 E Hillside Wellington, Ks 67152SUCOServing Sentence4/24/15 Marshall, Ternell W30Lenexa KS501 N Washington Wellington KSSUCO Failure to appear4/24/15 Joseph, Amber N25Arkansas City KS312 N Merchant Belle PlaineBPPDCLSO Warrant4/24/15 OXPD1 Fleming, Andrew S31Wichita KS610 E Hillside Wellington, Ks 67152SUCOServing Sentence4/24/15center_img Storck, Pamela J35Mulvane, KS414 Arbor St, Mulvane, KSMPDDisorderly Conduct4/21/15 Smith, Corey M35Wichita KS777 Kansas Star Dr, Mulvane, KSKRGC Possession of opiate4/22/15 Sumner Newscow report — The Sumner County Sheriff Office report for April 20 to April 27, 2015 weekly jail bookings are as follows:  Patterson, Gary D51Maize KSI 35 MM 33 Casino PlazaKHPDriving under influence4/25/15 Glenn, Dustin33Wellington, Ks1000 W 8th st Wellington, Ks 67152WPDCriminal damage to property4/26/15 Hay, Dylan M25Wellington, KsWashington and 15th St Wellington, KS 67152WPD Failure to appear4/25/15 KHP1 Shugart, Steven D26Wichita KS610 E Hillside, Wellington, KS. 67152SUCOServing Sentence4/25/15 Johnson, Robin A27Wichita KS1400 N Hwy 81 Mulvane, KSSUCODriving under influence4/23/15  Goans, Brandi  R37Wellington, Ks400 N. B ST. Wellington, KSSUCODriving under influence4/25/15 Asbury, Joshua M22Wellington, Ks1224 E Lincoln Wellington, KsWPDCriminal deprivation of property4/25/15 Dwyer, Michael T29Wellington, Ks500 N. Washington, WellingtonSUCOSGSO Warrant4/22/15 SUCO20  Gentry, Amber R33Milan KS944 W 10th Milan KsSUCODriving while suspended4/22/15 Campbell, Aaron K30Wellington, Ks501 N Washington Wellington KSSUCOServing Sentence4/24/15 NameAgeHome TownArrest locationAgencyChargesArrest date Reedy, Nicholas D32Caldwell KS119 N Osage Caldwell, KSSUCOAggravated battery4/22/15 Carr, Matthew K31Derby  KS777 Kansas Star Dr, Mulvane, KSSUCOProbation Violation4/24/15 p Hunter, Steven R24Wellington, Ks501 N Washington Wellington KSSUCOServing Sentence4/23/15 Stewart, Thomas J36Wellington, Ks200 N F st Wellington KSWPDDriving under influence4/25/15 Chrisman, Neal C40Oxford KS1500 Blk E US 160 Oxford, KsSUCODriving while suspended4/25/15last_img read more

Former Schenley, NBA great Maurice Lucas dead at 58

first_img“Maurice Lucas was an amazing man and I count myself lucky to have known him. We all—players, coaches, the owner and the fans—were made better by having Maurice a part of our team, whether playing on the championship team or, most recently as an assistant coach.“He was one of the greatest Blazers ever.”Prior to last season, an interview with Lucas was posted on the Trail Blazers’ official website, covering topics including his health, his work with center Greg Oden and the team’s 40th anniversary.“The one thing that I’m finding is an issue for me is learning patience, being patient with myself. I’m trying to understand what this process is all about. It takes a little longer amount of time than I’d like it to take in order to recover,” Lucas said. “But it is what it is and I’m not in charge of it. I’ve just got to play my role, be patient, feed myself well, take the right meds and see if I can get back on track.”Lucas led Marquette to the 1974 NCAA title game against North Carolina State and was selected to the All-Final Four team along with future Portland teammate Bill Walton. The 6-foot-9 former Pittsburgh high school star averaged 15.8 points and 10.6 rebounds as a junior that season.Marquette also retired his No. 20 and inducted him into its Hall of Fame, and Walton named his son Luke, who currently plays for the Lakers, after him.“I hadn’t seen him as much lately, but he and my dad still talked all the time,” Luke Walton said. “From what I heard, he had been in some pain for a while. It’s tough. He’s a great guy.”The Trail Blazers were in the midst of a four-game trip, with a game against the Chicago Bulls on Monday night. The Bulls held a moment of silence for the former Blazers’ star.“We were so fortunate to have his influence on the young men on this team. He was my mentor, my big brother, and I always knew he had my back. He has left us far too soon,” McMillan said.Lucas is survived by wife Pamela, sons David and Maurice II and daughter Kristin. Funeral arrangements were yet to be determined but the family is planning a memorial service in Pittsburgh. The 1971 Schenley team with Lucas, Rickey Coleman, and Jeep Kelly is widely regarded as one of the best high school teams to play in Pennsylvania basketball history. That team, representing District 8 and the City League, defeated Norristown for the AAA Championship 77-60.Lucas joined Portland in the 1976 ABA dispersal draft and averaged a team-high 20.2 points and grabbbed 11.2 rebounds per game in the 1976-77 championship season. His No. 20 was retired by the Blazers in 1988.At public appearances, fans often greeted Lucas with cries of “Luuuuuuke!” His competitive demeanor on the court was in contrast to his gentle nature off it.“We have lost a champion of a man,” Trail Blazers coach Nate McMillan said in a statement. “Maurice was a great man and a great friend. He battled his illness like the warrior he was on the basketball court.”Lucas served as an assistant coach with the Blazers for six seasons, but last year he left the team to undergo surgery before suffering a setback last November. He did not return to coaching this season.The former Marquette player averaged 14.4 points and 8.8 rebounds in 12 NBA seasons with Portland, New Jersey, New York, Phoenix, the Los Angeles Lakers and Seattle. In two seasons in the ABA with St. Louis and Kentucky, he averaged 15.2 points and 10.8 rebounds.He was a five-time All-Star.Trail Blazers owner Paul Allen also praised Lucas in a statement released late Sunday night. PORTLAND, Ore. (AP)—Former Schenley great and Hill District native Maurice Lucas, the fierce power forward known as “The Enforcer” who helped lead the Portland Trail Blazers to the 1977 NBA title, has died after a long fight with bladder cancer. He was 58.Lucas, who in later years was an assistant coach with the Blazers, died Sunday at his home in Portland, the team said. BATTLE OF THE BIG MEN—This May 29, 1977 file photo shows Maurice Lucas of the Trail Blazers hauling down a rebound as Philadelphia’s Darryl Dawkins battles for position during their NBA championship game in Portland. (AP Photo/JV, File) MAURICE LUCAS last_img read more