Monthly Archives: January 2018

Kinds Of Money Lenders

Kinds Of Money Lenders

There are different types of money lenders and this article deals with the different types of money lenders present in the market scenario. Some of the different types of money lenders are

Mortgage bankers
Mortgage brokers
Wholesale Lenders
Portfolio lenders
Direct Lenders
Correspondents
Banks and Savings & Loans
Credit Union

Mortgage Bankers

A mortgage banker is a lender that can originate loans which they can sell to Fannie Mae, Freddie Mac, Ginnie Mae, jumbo loan investors, and others. Thus a company who is capable of doing the above function is termed as a mortgage banker; however their size differs based on the different companies. Some mortgage bankers service the loans to the customers which they have originated while others do not. Most of the brokers have wholesale lending divisions. Some of the examples of mortgage bankers are Countrywide Home loans and Wells Fargo Mortgage. In this example one company is associated with a bank while the other is not. Many companies call themselves as mortgage bankers while some are really bankers but as far as the case of the others is considered it is mostly marketing.

Mortgage Brokers

Mortgage brokers are institutions who originate loans with the intention that they would give the amount to wholesale lending institutions. A broker has contacts or a set relationship with these wholesale lending institutions. Underwriting and the activity of funding takes place at the wholesale lender. They deal with the institutions that have wholesale loan department.

Wholesale Lenders

Many of the mortgage brokers and even the portfolio lenders act as wholesale lenders. They cater to the need of mortgage brokers for the origination of loan. There are some wholesale lenders that do not even possess their retail branches as they rely on mortgage brokers for the loans.

Portfolio lenders

An institution which lends own money and originates loans for itself is referred to as portfolio lender. Thus in this way they are lending their own portfolio of loans and they are not concerned about being able to sell them on the secondary market. Thus they need not abide by the rules of Fannie/Freddie guidelines and thus they can create their own rules for ascertaining the credit worthiness. Usually portfolio lenders are large banks. Only a particular part of their loan programs are portfolio products. Incase they are providing fixed rate of loans or government loans, and then they are definitely engaging in mortgage banking as well as portfolio lending.

Modern Strategies To Improve Debt Collection Processes

Modern Strategies To Improve Debt Collection Processes

Collecting debts in the current financial environment can be an expensive and time consuming process. Collectors are struggling to even make contact with the consumers they are trying reach. Thanks to innovative communications technologies developed here in Australia, there are tools available to automate most facets of the collections process. Using automated telephone and SMS based channels helps to lessen the hard labor cost needed to get in touch with all the outstanding debtors businesses might have whilst fulfilling their obligations under the Australian Consumer Credit Code.

Consider how much time and money a company may spend trying to reach debtorscosts that significantly impact the bottom line. Collections staff are wasting valuable time speaking to answering machines, hitting engaged lines and chasing debtors that are never available due to shift work or avoidance. There are completely automated methods of communication to help businesses with their debt collection strategy.

Customers may prove hard to reach when they know they have a debt to settle; thats why business should consider multiple cooperating communication channels to increase reach. Why waste time and money on old-fashioned and outdated methods when there are modern and more effective ways that have proven very successful? Think about how many people dont answer collection calls that could be reached through a simple SMS message. Using two-way capability, debtors can even respond to messages to receive payment details or request more information.

A Voice Broadcast platform gives you the ability to call literally any number in Australia fixed line or mobile. Like any debtor phone call, a collector is likely to hit a few answering machines and with a modern system can automatically leave a customised voice message. Debtors will receive a message with their own specific arrears amounts, payment reference numbers or anything other message. They can then call back at their convenience thus turning your collections team into an inbound call centre instead of constantly having to chase customers.

How To Choose Portable Power Bank Distributor

How To Choose Portable Power Bank Distributor

You see when building promotional products you have to figure out a way to build them the right way. This goes the same with portable power bank distributor. If you think about it, when figuring out how to make the most of this promotional merchandise, then you best have to check the right portable power bank distributor.

The Power Bank

The portable power bank is the best product there is out there when we talk about promotional merchandise that is able to cater thousands of people at an affordable price. If you want to get into the best deals with promotions, then you best have to consider the right product. As this product caters millions of people who use smartphones, then this product is indeed for you and your company. It is quite easy to start your promotions with this product. If you are interested in getting the right results, then you should know some aspects about it, which will help in choosing the right portable power bank distributor too.

The Quality

When it comes to power banks or basically to any promotional product, it is important to check the quality of the product. It is basically your key for them to be memorable. There is no point in giving a portable power bank that does not last for a day or a week. You cannot promote properly with that case. That is why you should have to focus on building quality items and products that last so that they can do their job properly.

The Customization

For you to truly appreciate a product, you have to consider the customization. With customization you turn the products into a very wonderful item for you will be able to entice a lot of people. So you are not just attracting them with the usefulness of the product, but also the looks of it. Looks can be deceiving but with promotional merchandise, you have to make sure that these looks really get the people you wanted! This is the sugar coating of your promotions and you should do it right. A great portable power bank distributor is able to provide you the quality results for this.

The Price

There are a lot of prices to consider when you are offering quality items these days. If you want a portable power bank, you very well know that it will cost you. But the thing is, you can find great deals if you get them from the right supplier or manufacturer. If you are able to find the right supplier, you will be able to get the best results possible.

Now with those three aspects above, you are now ready to choose the portable power bank distributor. How you ask? It is through the above aspects that you will be able to formulate a checklist to consider whenever you are scouting for a supplier.

Getting A Look More detailed Look At The Hollard Insurance Group Taking A Look Closer Look At Th

Getting A Look More detailed Look At The Hollard Insurance Group Taking A Look Closer Look At Th

When it comes to investing in insurance policies, it is vital that you understand the firm behind the promise. Each day thousands of people are acquiring insurance coverage, no matter whether it be life insurance, home insurance, automobile insurance, travel insurance or one of the numerous other types of insurances available on the market. You will discover that every day it seems like increasingly more insurance suppliers are popping up. A number of these insurance companies assure less expensive insurance products and easier procedures, but what do you know about their business as well as the policies? When selecting life insurance or any type of insurance for that matter it is vital that you research the firm so that you understand whom you are dealing with. Not only do is it advisable study a businesses details but you should also understand a company’s claims background. In this post we will be looking into the insurance provider, Hollard. The company Hollard are Insurance and Financial Services Providers, owned by the Hollard Group which encompasses The Hollard Insurance Company and The Hollard Life Assurance Company. The Hollard Group is independent and privately owned insurance provider that is based in South Africa with its head office in Johannesburg. It had been incorporated in the year 1980 by the Enthoven family members particularly Robert Enthoven. The family members owns a majority of the shares via The Enthoven Family Trust. The firm has been around for longer than 30 years and specializes in Term and Whole life insurance. This year (2013) at the FIA (Financial Intermediaries Association of South Africa), Hollard was honored the title of ‘Short Term Product Provider of the Year’ in both personal lines and commercial lines categories. Winning this industry award is truly an achievement to be proud of as it is given on the basis of product quality, service quality, relationship quality as well as broker satisfaction. Which financial products does Hollard offer? These are just a few of the basic insurance products which are supplied by Hollard. There are other kinds of insurance products that are available from their partners. Should you be looking for news, to get rerouted to a very good webpage! Hollard not just concentrates on providing good financial products to its customers, but in addition gives back via Corporate Social Investments. The Hollard Foundation Trust was founded in 2006 by The Hollard Group as a way to channel both money and time into the advancement of the lives of disadvantaged children. The foundations efforts focus on health, nutrition and education for children between ages 0-9years living in Midvaal, Johannesburg. With more than 30 years in the industry, award winning financial products and a company policy that makes giving back an essential facet of the companies procedures it is not difficult to see why Hollard continues to be among the leaders in its field.

How Can You Trade Bitcoins And Make Money

How Can You Trade Bitcoins And Make Money

Traders are making a lot of money these days. Today itself ForexMinute reported that someone named Nakowa has won the biggest Bitcoin gambling and he took away 11,000 Bitcoins or about $1.3 million. People are making a lot of money trading and gambling; if you are not cashing in the opportunity, you are definitely losing a golden opportunity. ForexMinute reported that Nakowa made 11,000 Bitcoins or about $1.3 million in just one weekend of gambling.

ForexMinute also brings the latest Bitcoin news to help traders know what is happening in the Bitcoin economy. It informs that any person with a little extra money can and make money as is done in Forex trading. Here to the value of Bitcoin fluctuates against various currencies. For instance, today one Bitcoin is valued close to 134USD and at some time earlier; the value was close to 60USD/Bitcoin, even before that it was close to 260USD/Bitcoin.

Thus, the prices of Bitcoin fluctuate a lot and that is where traders make money trading Bitcoin. In fact, Bitcoin is being considered one revolutionary currency which can change the way money is being perceived. It is safe and secure and considered ideal for international transactions as here traders do not need to have convert their currencies to the currency in which thy are buying some product.

Bitcoin is a cryptographic digital currency which is generated at a controlled rate using a computer program. Thus, there is no governmental interference; rather, these are not even controlled by some international body that can favor one country or one economy over another. It is unbiased and impartial currency that is being used these days for a lot of transactions from buying a cup of coffee to buying an adventure tour to paying lawyers in Israel.

Trade Bitcoin, Make Money

As there is no centralized authority in the Bitcoin economy, there will be any instability. Moreover, as Bitcoins are open-source, which means nobody owns them and that Bitcoins are decentralized which is quite important as what we see today is fiat which is being printed enormously without any consideration to inflation. The US is printing USD every month irrespective of the warning from the economists that it is unsustainable.

How Can You Trade Bitcoin?

Now that you know about Bitcoin, you can purchase Bitcoins in one of two ways e.g. you need to either visit an exchange platform, or buy them directly through other people who have Bitcoins for sale.

What was the first bank

What was the first bank

What was the first bank?

A grocer deals in food, a hardware store in household items, and a banker in money. The main business of banks is to lend money and to handle money which has been deposited with them. Of course, banks today provide many more services than just these, but it all has to do with the handling of money.

Ever since man had a kind of money, it has been necessary for someone to hold it for him safely, or to lend him some when he needed it. For example, in ancient Babylon, even before coins had been invented, there were men who made a business of borrowing, lending, and holding money for other people. They might be called bankers, though they were considered moneylenders. Some of that business was in the hands of the priests in the temples, and there were laws that regulated this business. In ancient Greece, there were moneylenders, too. In Roman times, there were already large banks in existence and they carried on business with firms in widely separated parts of the Roman Empire. There were Roman laws that regulated some of the banking methods. So we might say that the first bank came into existence with the first moneylender, and that banks as such go back at least to ancient Roman times.

In medieval times the business of lending money was no longer thought of as lawful. In many places, laws were passed forbidding it. Those who did continue to lend money often had their places of business on benches in the market place. The Italian word for bench is banco, and this is where we get the word “bank.”

In England, the business of holding and lending money was chiefly in the hands of goldsmiths. These trusted craftsmen received people’s money and valuables for safekeeping and in return gave goldsmiths’ receipts. These receipts passed from hand to hand, much as bank notes did later, for people were willing to take them in payment for goods and for debts.

In 1694 a group of businessmen agreed to lend a large sum of money to the English Government in return for permission to establish the Bank of England, which today is one of the greatest financial institutions in the world.

Debt Management Services The Best Means of Overcoming Debt Problems!

Debt Management Services The Best Means of Overcoming Debt Problems!

Are you a borrower suffering from debt problems? Have all your efforts to seek a solution to the debt worries failed? If your answer is yes to any of these questions, we can help you. Dont worry. You are not alone. There are scores of borrowers who are facing similar problems.

The easy availability of loans has made it easy for borrowers to meet all their needs. However, what happens over a period of time is that they end up availing too many loans which they cannot repay. A debt management advice can help you immensely to overcome the situation. This advice is offered by a team of financial experts who have an in depth experience in handling such problems.

Debt management is an art which if practiced well can eliminate most of the debt worries. A borrower should ensure that he makes timely payment for all the debts. He should set a time limit for the payment of each debt and try his best to keep up the payment. Once, you do this you would have solved your debt problems to a large extent.

Debt Management Plans Find out How They Can Help You!

As a borrower, your chances of getting a loan fast depend upon your credit score. A good credit history signifies a timely payment of loans. If you happen to be suffering from a poor credit history, then stop worrying now!

A debt management advisor can help you in many ways. They can: Suggest an alternative means of solving debt problems. Help chalk out a course of action, which can help minimize the debt burden. Offer you a debt consolidation plan, which if followed can instantly solve the debt problems. Help you get over the problem keeping in mind your repaying capacity.

Alternately, you can also consult a debt management company. This is one of the easiest ways of getting over the debt worries. A debt management company takes upon the whole responsibility of finding the right solution for your debt worries. In other words, it is a one stop solution for all your debt problems. Scores of borrowers have benefited from these debt help management agencies.

Opt for a debt management plan now!

Avoiding pitfalls with a property closing on a bank owned house

Avoiding pitfalls with a property closing on a bank owned house

You’ve gotten a good lead on a particular property. You’ve called the homeowner and the prospect seems encouraging. You inspect the house, like what you see, and make an offer. Now the real test begins.

It may seem like a simple process to move from the final offer to the property closing. However, there are a number of steps you’ll have to follow along the way. Miss a step and you could seriously jeopardize your deal-and lose a great house in the process.

In the best case scenario with a bank-owned house, you will receive a call from the realtor saying that the offer has been accepted. The realtor will then need earnest money, which usually amounts to $500 or $1,000. You then add your addendum and the final package is then sent to the asset manager.

The realtor will normally get back to you immediately-either the same day or one or two days afterward. Then, you move onto the paperwork. You’ll be waiting to find out if the package has been signed by the originator of the loan. Then, a closing date will be set.

You will work with private lenders to have money sent to the closing table. The money will be sent via wire or bank check-not a personal check. You will need the routing number from the title agency so you can tell the private lender where to send the money to. Then, you work with your insurance company to set up hazard insurance. Obviously, you will need to know what your payments are going to be.

At the closing, you will be able to do the final signing over of the deed. This is a critical point in the home buying process. You pass out the checks and then you will receive the promissory note and the mortgage. You can then send the promissory note to the private lender.

Finally, the route from offer to closing is not always smooth. You can run into some bumps along the way. But if you are careful to take care of details, you communicate with all the people involved in the process, and you steer toward your goal, you can end up with a deal that you’re happy with. And you can build a successful real estate business of buying and selling property to tenant buyers who are eager to have a home to call their own.

Cell Phone Power Bank Pros And Cons Of Using A Power Bank

Cell Phone Power Bank Pros And Cons Of Using A Power Bank

In todays fast-paced era, it is important to take care of your mobile phones needs. It is not always possible to feed full charge to your phone before leaving the house. Besides, one often stays out for long hours during which time the phones battery keeps shrinking. Quite often, we run out of charge and it is then that the panic button begins to scream loud. Having a power bank can be a great solution to resolve this problem. It does serve as an ideal tool to rescue our phones during urgent moments. Alternatively, one can also have a backup battery and fit it into the phone when the original one gets exhausted.

Here are the major pros and cons of a cell phone power bank:

Pros:

i.Portable: It is, in simple terms, a charger which is portable. You can carry it to the office or during a vacation. It does not require any electric socket. So, you can charge your phone even when you are traveling or holidaying inside a forest. Its portability certainly helps you to evade the dreadful situation when the cell runs out of life.

ii.Carries very high power: The device carries very high power. Therefore, it can serve you multiple numbers of times. For instance, you can get your phone charged on more than one occasion. Also, if you are going for a holiday over the weekend, a Chinese power bank can last you during the entire trip.

iii.Charges universally: The great thing about a power bank is that it acts as a universal charger. It means that it is compatible to almost all kinds of devices. You can charge all kinds of phones that you have including Android, Blackberry and even iPhones. Besides, it works for all brands from Nokia to Samsung to Motorola.

iv.Reasonable price: It is priced reasonably and does not put too much of pressure to your wallet.

v.Multiple sockets for multiple charging: Most power banks come with multiple sockets so that you can plug in more than one phone.

Cons:

i.Bulky: One minor demerit of a is that it is a tad bulky. It is thick and has extra weight. So, when you are carrying it around, it will feel a bit inconvenient since it will add load to your handbag.

ii.Comes with USB cable: In todays wireless age, this device uses a USB cable, which is another small setback.

iii.Frivolous expenditure: It may just be another frivolous expenditure for you if you do not travel a lot or are not dependent on your phone for official work. Most people do find it very useful. But for some, it may just not be worth the price.

Overall, it is true that a cell phone power bank has its share of cons. But in the current context, one can safely surmise that its advantages easily outnumber and outweigh its disadvantages. Therefore, the general recommendation would be to think seriously about buying it.

Home Finance And Home Loans In Uae.

Home Finance And Home Loans In Uae.

Along with the growth in the Real Estate market, Dubai has experienced simultaneous growth in its home finance sector in the past three years. According to a recent study by EFG-Hermes the current outstanding loans stands at Dh 11.5 billion. It is estimated by the Egyptian investment bank that the UAE housing finance sector will grow by Dh 14bn in 2007, Dh 18bn in the year 2008, the growth is estimated to be Dh18bn in 2009 as well and Dh 14bn and Dh 17bn in the years 2010 and 2011 respectively. These figures have been derived based on an expected population compound annual growth rate of about three percent. The most dominant forces in the Emirates home finance market are Amlak and Tamweel. They account for over 35 and 25 percentage of the industry respectively.

The Real Estate boom of the emirate has left the world spell bound, EFG-Hermes predicts that the total growth in the Real Estate should exceed the figure of Dh419bn in the years between 2008 and 2011. It has also been said that Dh 64bn will be funded through credit. The national bank of Dubai has tied up with Dubai properties for the sole purpose of finance apartments which are bought in tower H. Tower H is a primary tower for residential purposes at Business Bay in the project of the executive Towers. This tie up of the national bank of Dubai and Dubai properties, is more than welcome, as this tie up will ensure easy financing terms for the people who are aspiring to buy apartments in tower H. These easy schemes will mean that people will be able t finance their dream homes with no obligations of interest repayment. In this case the loan is made available for 85 percent of the property price of a sum of 4 million AED, whichever is lower. This loan is provided for a period of 20 years.

Dubais Islamic bank (DIB) and Al Islami home finance are also witnessing high demands from the retail customers. They have recently launched solutions that aim to meet the requirements of retail customers. These customers include both the UAE nationals and expatriates who are keen on buying property in the UAE freehold property market. In response to this high demand of the people, DIB has announced the launch of Mobile Mortgage Advisors. They are a team of mortgage sales expert who will be providing valuable consultancy at the customers door step.

Al Islami finance has launched finance solution products such as the forward Ijarah and Ijarah. Through the Advanced Eligibility Process customers get a right to choose their finance limit without first having to choose the property. The Dubai Islamic bank caters to the needs of a diverse customer profile. Also the al Islami home finance provides up to 90 percent finance and a maximum tenure of loan repayment of 25 years depending on the eligibility of their customers.