Source = Tourism Authority of Thailand Thailand Travel Mart 2016 opens today in Chiang MaiThe Thailand Travel Mart 2016 Plus Amazing Gateway to the Greater Mekong Subregion (TTM+ 2016) opened today in Chiang Mai, the northern capital of Thailand, with more than 850 delegates from 55 countries.The three-day event, the largest travel trade show of its kind in Thailand, is being held from 8-10 June, 2016, at the state-of-the-art Chiang Mai International Exhibition and Convention Centre (CMECC).The decision to hold the TTM+ in Chiang Mai was a very strategic one because the entire North and Northeast Thailand region is set to become a major bridgehead between Thailand and its neighbouring countries of Cambodia, Lao PDR., Myanmar, and Vietnam.Celebrating the launch of the ASEAN integration that took effect this year, the TTM+ 2016 will see senior tourism executives of Thailand, Cambodia, Lao PDR., Vietnam, and Myanmar hold a joint press conference to discuss the theme, “CLMVT Link: Prosper Together.”Mr. Yuthasak Supasorn, Governor of the Tourism Authority of Thailand (TAT) said, “I am very excited to have the opportunity to personally meet everyone who’s anyone in Thailand’s travel industry scene, especially our overseas partners. This will be my first TTM+ since I assumed the TAT governorship in 2015. In planning this year’s event, we had promised to make it unique, different and distinctive. The unique content indicates that this objective will be achieved.”Now in its 15th consecutive year, the TTM+ is being held under the theme, “Smile with Us”, which reflects friendship, enjoyment, happiness and hospitality. It is in line with the new logo of “Amazing Thailand”, which represents the most well-known characteristic of Thainess – the Smile.The event as of today has reported registration by 345 sellers from Thailand and the GMS countries, and 305 buyers from 55 countries, 110 trade visitors, as well as over 100 international and local media.China has the largest contingent of buyers (43) followed by the United Kingdom (27), Australia (21), India (17), Italy (15), South Africa (13), and Russia (11). A smaller group of high-quality buyers have also been invited from emerging markets; such as, Lithuania, Moldova and Ukraine.The sellers comprise hotels and resorts (265), tour operators and travel agents (24), entertainment (8), transportation (3), NTOs (4), the Greater Mekong Subregion (14), and other travel services (27).TTM+ 2016 will open with a presentation on Thailand’s Sports Tourism potential by H.E. Kobkarn Wattanavrangkul, Thailand’s Minister of Tourism and Sports. This will be followed by the forum for sellers and buyers to be addressed by H.E. Dr. Surin Pitsuwan, former Foreign Minister of Thailand and former ASEAN Secretary General, on the topic of “ASEAN Brand…Stronger Together”.Dr. Pitsuwan’s speech will be followed by a second session on the topic of “OTA: An Inconvenient Truth” with presentations by Mr. Daryl Lee, Regional Vice President Sales and Marketing Asia-Pacific, Middle East and Africa, GTA and Mr. Deepak Ohri, Chief Executive Officer, Le Bua Hotels and Resorts. The session will be moderated by Mr. Joseph Wang, Chief Commercial Officer, Travel Daily.Later in the evening, the Welcome Reception will be presided over by H.E. General Tanasak Patimapragorn, Deputy Prime Minister of Thailand under the theme of “Thai Lanna”, a unique historic culture of Northern Thailand. A Thai classical music and cultural show will be accompanied by performances from Cambodia and Myanmar.On 9 June, the joint press conference will be organised under the theme of “CLMVT Link: Prosper Together”. Representatives of the CLMVT countries confirmed to speak are 1) Mr. Try Chhiv, Deputy Director General, Ministry of Tourism, Cambodia; 2) Ms. Manisakhone Thammavongxay, Director of the Public Relations Division, Ministry of Information, Culture and Tourism, Lao PDR; 3) Ms. Daw Khin Than Win, Deputy Director General, Ministry of Hotels and Tourism, Myanmar; 4) Mr. Vu Nam, Deputy Director General, Tourism Marketing Department, Vietnam National Administration of Tourism, Vietnam, and 5) Mr. Yuthasak Supasorn, Governor of the Tourism Authority of Thailand, Thailand.Also on 9 June, a “Lanna Night” reception will be hosted by the Upper Northern Provincial Cluster at Chiang Mai Grandview Convention Centre. The “TTM+ 2016: Thank You Party” will be held on 10 June. In addition to the trade show on 8-10 June, at the CMECC, a specialist selection of 6 complimentary pre-tours have been organised on 7 June to highlight the culture, heritage, folklore, cuisine, products and facilities of “Thai Lanna”.Three post-tours have been offered for the TTM+ 2016 delegates to see other destinations; such as, Chiang Mai, Lampang, Lamphun, Phuket and Phang Nga. One five-day tour also covers Thailand and Myanmar.The major sponsors of the TTM+ 2016 are Thai Airways International, Bangkok Airways, Pelican Hotel Solutions, King Power International, and the Thailand Convention and Exhibition Bureau.In January-April 2016, Thailand’s visitor arrivals surged to a record 11.7 million, up by 14.12% over the same period of 2015, according to figures published by the Ministry of Tourism and Sports. China continues to grow as the top source of visitor arrivals with 3.44 million arrivals, up by 27.35% over the same period in 2015.Visitors from East Asia and ASEAN totalled 7.63 million (+17.26%), Europe 2.52 million (+8.89%), the Americas 502,627 (+13.76%), South Asia 459,157 (+8.72%), Middle East 226,973 (+11.36%), and Africa 51,566 (+6.44%). Thailand Travel Mart Pluslearn more here THAI Airways Internationalbook your flights to Thailand here
Radisson RED KLCC SigningAsian growth acceleratesCarlson Rezidor Hotel Group, one of the world’s largest and most dynamic hotel groups, today announced at HICAP (Hotel Investment Conference Asia Pacific), the signing for Radisson RED Kuala Lumpur City Center in Malaysia with Masteron Sdn Bhd. The 166-room new build hotel is strategically located 800 meters from the iconic Petronas Twin Towers.With this signing, Carlson Rezidor Hotel Group will introduce Radisson RED, an ageless Millennial mindset brand, to the Malaysian market. The new property will be situated within Kuala Lumpur’s Golden Triangle, in one of the last remaining areas of the city to be re-developed, and will respond to a local need for increased supply in the select service segment.“We are delighted to welcome our new partner in Malaysia, where we will develop a property at the heart of the regional powerhouse of Kuala Lumpur. This deal will grow our presence at the center of the country’s exciting economic growth story, and in one of its top tourist destinations. Malaysia is increasingly becoming a key market for us in Asia Pacific,” said Thorsten Kirschke, president, Asia Pacific, Carlson Rezidor Hotel Group.Radisson RED is Carlson Rezidor’s upscale Lifestyle Select brand, which appeals to the millennial-minded traveler. It offers guests a non-traditional stay experience that combines work and play, and is inspired by design, art, music and fashion. At the same time, the brand offers developers and property owners a lower per-key cost than a traditional upscale hotel, through a multi-functional approach and more efficient space planning, which significantly reduce construction and operating costs, while driving higher margins.Dato’ Choy Wai Hin, executive director, Masteron Sdn Bhd said, “Carlson Rezidor has the right brands, an excellent reputation and deep expertise. We are confident that our partnership will deliver strong returns on our investment.”Radisson RED Kuala Lumpur City Center is a 166-room new build hotel located in the heart of Kuala Lumpur, close to a number of shopping complexes as well as several office towers including the Petronas Towers. Spanning 27 floors, the property will feature Radisson RED elements including beverage outlets such as Ouibar, and will also offer Meet-Event rooms with a view over the Petronas Twin Towers. The hotel will include a roof-top swimming pool and gym with undisrupted views over north Kuala Lumpur and Genting Highlands.“The Asia Pacific region remains the most promising and energetic growth region for Carlson Rezidor, and we see a strong trajectory over the coming years. The efforts we have put in to the business here have allowed us to realize results both qualitatively and quantitatively, and we are in a good position to double our portfolio size in the mid-term, through anchor markets as well as portfolio deals. We only see our commitment to the region growing,” continued Kirschke.China represents a particular regional highlight, with Carlson Rezidor’s unique legacy in the market developed over 20 years – a legacy based on international proficiency, service ethics and sophisticated management systems. The group’s China footprint includes Beijing, Chongqing, Libo, Liuzhou, Shanghai and Wuxi, where Carlson Rezidor has 13 hotels spread across the city. Momentum is strong in China and investor support remains robust for the core Radisson brand, with several openings planned for 2017.Across Asia Pacific, Carlson Rezidor has 107 hotels in operation and 88 more under development. Carlson Rezidor Hotel Groupfor more information, visitSource = Carlson Rezidor Hotel Group
MTA – Kerryn Taylor – Marketing Communications ManagerMTA appoints Kerryn Taylor to Marketing-Communications roleMTA – Mobile Travel Agents has appointed highly experienced marcoms specialist Kerryn Taylor to the role of marketing communications manager.Announcing the news, MTA CEO, Don Beattie said Ms Taylor would take over full responsibility for all aspects of the company’s marketing and communication with immediate effect.Ms Taylor joins MTA’s Gold Coast head office executive team fresh from a 16-month stint managing marketing communication for the ‘Get set for the Games’ program, an integral component of the highly successful marketing strategy behind the recent Gold Coast 2018 Commonwealth Games.Prior to this Ms Taylor spent 11 years with Eurostar International, her roles including project and events manager for the organisation’s London 2012 Olympic games involvement before being appointed international marketing manager in 2013.She also has considerable retail experience having performed senior consultancy roles with New Zealand-based Gullivers Holidays in her native Christchurch and Pan Pacific Travel in London.Announcing the news, MTA CEO, Don Beattie said Ms Taylor’s highly specialised skills would have considerable impact on the company’s overall marketing direction going forward.“Kerryn joins us at a very important juncture in our 18-year history and will play a major role in setting MTA’s strategic marketing and communications direction going forward,” Mr Beattie said.“Key to everything will be her involvement and direction in ensuring all MTA’s marketing and communication execution remains consistent in order for us to achieve maximum impact in this key area of our business.“Kerryn’s experience speaks for itself, she makes a valuable addition to our existing management team and we are delighted to have her on board.”Source = Mike Parker-Brown – MTA – Mobile Travel Agents
Source = Dr Jerry Schwartz Jerry Schwartz’s newest hotel to make hay for farmers while sun shines on Sydney hotel marketJerry Schwartz’s newest hotel to make hay for farmers while sun shines on Sydney hotel marketDr Jerry Schwartz has pledged to support Australia’s embattled farmers by donating the profits from his first night as owner of the new Four Points by Sheraton at Sydney’s Central Park.Up to $15,000 is expected to be raised for the Aussie Helpers organisation, which has been helping Australian farmers since 2002, through provision of financial support and goods, carting water and animal feed.The Schwartz Family Company will formally purchase the Four Points hotel on 8 October from developers Frasers Property Australia, who – with Sekisui House – jointly developed the hotel on the site of the former Old Kent Brewery on Broadway. The hotel was soft-opened in August.The Four Points by Sheraton is the only international hotel to open in Sydney in 2018, and will play an important role in alleviating Sydney’s hotel ‘drought’ by adding 297 rooms at a time when the city is desperate for new inventory.Dr Schwartz will follow his donation to Aussie Helpers by holding a charity event at the Four Points on 18 October, when 16 charities will take over the hotel and use the rooms to raise funds for their organisations. The charities cover a range of areas including children’s medical research and care, mental health assistance and homelessness.“I have been particularly moved by the plight of farmers in NSW and Queensland, because while they are always doing it tough, this current drought will really threaten the financial and mental wellbeing of so many families,” said Dr Schwartz.“In contrast, hoteliers like me have benefited greatly from Sydney’s extended tourism boom. Opening the Sofitel Sydney Darling Harbour last year, and the Four Points this year, has enabled me to hold charity events to give back to the more needy in our community, and I am hoping that we can get a full house at the Four Points on 8 October so that we can donate as much as possible to Brian and Nerida Egan’s Aussie Helpers charity.“They are doing an incredible job and I think if we city slickers can find ways of supporting our farmers, everyone benefits. Australia’s rural and regional areas are integral to every aspect of this country, and particularly its tourism and hospitality sector, so in many ways it is a logical connection to use a Sydney hotel opening to support our farmers.“I have property in the Hunter Valley and the drought has significantly affected the whole of the region, but that’s nothing compared to what farmers are having to cope with in western NSW and Queensland.”Aussie Helpers co-founder, Brian Egan, thanked Dr Schwartz for his support and urged anyone planning to visit Sydney on 8 October to book into the Four Points by Sheraton, because every dollar spent on accommodation and dining would support struggling farmers.“No one should under-estimate the severity of this drought and its long term consequences on the farming community,” said Brian Egan.“Drought is not new, and throughout the 16 years we’ve been running Aussie Helpers, there’s never been a time when farmers somewhere haven’t needed support.“I want to thank Dr Schwartz for reaching out. His commitment will not only raise funds for farmers who are in desperate need now, it will help focus attention on the long-term plight of farmers and the need to connect city people with their fellow Australians on the land.”The Four Points by Sheraton is located on Broadway in the new Central Park urban regeneration area adjacent to Central Station and the University of Technology campus.Bookings at the hotel for accommodation and dining for 8 October can be made HERE
Source = The Liming The Liming – VillaHottest new Caribbean hotel opens in time for ChristmasOne of the most eagerly awaited new luxury hotels on the hottest Caribbean island of the moment has opened its doors to welcome the first guests in time for the festive season.Situated on the idyllic island of Bequia (Bek-way), The Liming was launched by world-renowned and multi award winning Scottish company Inverlochy Castle Management International (ICMI) offering guests a new place to relax, unwind and switch off this Christmas.Influenced by the serenity of the local way of life, guests at The Liming can reset whilst relaxing in a private infinity pool under the rays of the Caribbean sun, dine at the hotel’s exclusive restaurant set about the roof of the Caribbean Sea with 360 views of the island or enjoy the freedom to just be.Norbert Lieder, managing director, ICMI, said: “Since announcing that we were opening The Liming, the hotel has become hugely anticipated. Guests are eager to escape their busy lives and make the most of Bequia and what it has to offer.“This is a destination unlike anywhere else in the world and we look forward to hosting our very first guests this festive season, treating them to an experience a million miles from what they’re used to at a time when relaxation and self-care is almost definitely needed.“As soon as you arrive on the island and step foot into the hotel you quickly realise that this is a unique and special place. It’s the real Caribbean and we’ve carefully designed a concept that embodies the local liming approach to life whilst maintaining the luxurious experience that we’re renowned for worldwide.”Guests of The Liming can choose from 13 exquisitely designed private villas with one, two, four and five-bedroom available. .Passing yachts will also have the chance to experience the hotel’s restaurant which will be overseen by award-winning chef Mustakeen Sultan to boast a tantalising choice of locally-sourced ingredients and a menu including fresh island picked fruit, aromatic vegetables and ocean to table seafood served in bespoke ice troughs.Reached by air or sea, Bequia’s closest connecting islands are Barbados, St Lucia and St Vincent. Prices per night start from $550 for a Junior Suite on a bed and breakfast basis for two people sharing.For more information on The Liming, visit: thelimingbequia.com
Four Seasons Hotels and Resorts recently launched its new Four Seasons Private Jet – marking the establishment of a new standard in luxury hospitality experiences.The luxury Four Seasons brand promises to deliver the full fancy hotel experience at 30,000 feet. The private jet also includes its own executive and sous in-flight chefs and exclusively stocks Dom Pérignon champagne.“In our hotels, spaces are conceived as settings for great experiences,” says Dana Kalczak, Vice President, Design, Four Seasons Hotels and Resorts. “The same is true for the Four Seasons Private Jet. Along with the core objectives of comfort and functionality – and adherence to strict aircraft safety standards – we wanted to create an exceptionally luxurious ambiance, and Champagne and caviar became our inspiration.”The service is now taking bookings for round-the-world trips in 2016. First up is a 24-day, nine-destination jaunt that starts in Los Angeles and ends in London. The cost is per person USD 132,000 and includes stops — with accommodation at Four Seasons hotels — include Hawaii, Bora Bora, Sydney, Bali, northern Thailand, Mumbai and Istanbul.
The leading global Travel & Tourism private sector and government organisations – the Global Travel Association Coalition (GTAC) – have launched a commitment for aligned advocacy and action to harness the full potential of the sector to create jobs, drive inclusive growth and foster development.Launched at the World Travel & Tourism Council Global Summit in Madrid ‘Powering Travel & Tourism into the Next Decade: An Agenda for Growth and Development’, is a landmark manifesto setting forth the key areas of action necessary to ensure travel and tourism contributes to consolidate the global economic recovery, increase resource efficiency and create decent jobs and inclusive economic opportunities.The members of GTAC commit to work with a coordinated approach, with governments and the private sector, to advance Travel Facilitation, Infrastructure Development, Environmental Sustainability and Investment in Human Capital.‘Powering Travel & Tourism into the Next Decade: An Agenda for Growth and Development’ was launched at a press conference in Madrid on the behalf of the GTAC by three of the founding members: Tony Tyler, Director General and CEO of the International Air Transport Association (IATA); Taleb Rifai, Secretary General of the World Tourism Organization of the United Nations (UNWTO); and David Scowsill, President & CEO of the World Travel and Tourism Council (WTTC).
The 41st edition of Rendez-vous Canada (RVC), Canada’s premier tourism marketplace, was held at the BMO Centre from May 9-12, 2017, in Calgary, Alberta. The four-day long annual conference saw an all-time-high attendance record, close to 29,000 face-to-face business appointments between Canadian sellers and tourism buyers from across the globe.RVC is aimed at providing a platform for Canadians to launch new tourism strategies, share market insights and the know-how to help cater to existing as well as potential clients, thereby boosting the range of tourism experiences that the industry offers.Bardish Chagger, Leader of the Government in the House of Commons and Minister for Small Business and Tourism, said, “As Minister for Small Business and Tourism, I have had the opportunity of meeting many Canadian tourism business owners this year at RVC. The best-ever attendance record is a good indicator of how dedicated and hard-working Canadians are helping shape Canada’s thriving tourism industry.”Hosted by Tourism Calgary, this year’s sold-out event featured around 1,840 buyers from 28 international markets and Canadian sellers from across the country, boasting of the best seller-to-buyer ratio ever with more than one buyer for every seller in attendance.SanJeet, India Representative, Destination Canada, said that he is expecting around 227,500 Indian arrivals to Canada in 2017, a growth of seven percent. He further highlighted, “Indians often spend more on shopping than they do on their entire trip.”
The Thai Ministry of Tourism and Sports has launched a tax intensive measure to promote foreign filmmaking in Thailand. A tax rebate equal to 15% of every 50 million Baht spent on the filming locally will be offered. The Ministry of Tourism and Sports has also assigned the Department of Tourism to attract more foreign film producers to Thailand to generate revenue and reputation for the country.Weerasak Khowsurat, Tourism and Sports Minister, disclosed that the incentive will help boost the country’s revenue from being used as a location for filmmaking and the production of documentaries and reality shows.
in Data Agents & Brokers Attorneys & Title Companies Home Prices Home Values Housing Affordability Investors Lenders & Servicers Service Providers 2013-10-28 Krista Franks Brock Share October 28, 2013 460 Views While many indicators suggest the housing market is on the road to recovery, some fear another bubble is already forming. “”Country Financial,””:http://www.countryfinancial.com/ a financial services company based in Bloomington, Illinois, found in a recent survey that 48 percent of Americans say the market could reach a bubble over the next two years. [IMAGE]The Country Financial “”survey””:http://www.prnewswire.com/news-releases/many-americans-predict-short-lived-housing-recovery-but-dont-care-228743391.html also found varying financial obstacles across the generations of Americans in the housing market. While nearly half of Americans say we may be headed toward another bubble, only 6 percent say the housing market is their top economic concern at the moment, according to Country Financial. The housing market ranks in the top three economic concerns for about 25 percent of Americans, according to Country Financial.[COLUMN_BREAK] “”Perhaps the government shutdown and debt ceiling are eclipsing just how concerned Americans are about the housing market right now, but with home prices up 12.4 percent in the last year alone, concerns for an ‘echo bubble’ of the housing market collapse certainly make sense,”” said Troy Frerichs, director of investments and wealth management at Country Financial. Meanwhile, Zillow “”this week””:https://themreport.com/articles/home-value-appreciation-set-to-ease-over-next-year-2013-10-18 dismissed bubble fears, finding home value appreciation fell off over the past three months. However, bubble or no bubble, many Americans continue to suffer financial burdens that impede them from homeownership, and according to Country Financial, “”the obstacle that tops the list for each generation is different.”” Generation Y and those headed for retirement–between the ages of 50 and 64–in the next few years tend to lack the cash for a down payment. Those ages 40 to 49 cite job security as their greatest obstacle to owning a home. Lastly, debt is the biggest barrier for those in their 30s, according to the Country Financial survey. About 41 percent of Americans think a middle-income family can afford a home in today’s market. Of those who do own a home, about 27 percent say they will not have their mortgage paid off when they retire. The rate is even higher–37 percent–among those nearing retirement age–50 to 64, according to the survey. bubble,Half of Consumers Anticipate Bubble, but Other Concerns Loom Larger
With so much talk lately around the possibly of the soon-to-be-installed Trump Administration rolling back regulations for the financial industry, the House Financial Services Committee Chairman is making his case for the Republicans’ Dodd-Frank alternative while Democrats are vocalizing their strong opposition.Rep. Jeb Hensarling (R-Texas), who was recently elected to a third term as Chairman of the House Financial Services Committee, recently appeared on two national radio talk shows to discuss H.R. 5983, a.k.a. the Financial CHOICE Act (Creating Hope and Opportunity for Investors, Consumers, and Entrepreneurs), which he introduced last June. In September, it passed through the Committee, largely along party lines.“I know it is a priority of President-elect Trump,” Hensarling said on the Hugh Hewitt Show recently. “He has said he’s committed to dismantling Dodd-Frank, and in the House Financial Services Committee we have a bill to allow him to do that. I don’t think there’s another bill out there today that does do that. So it is a priority of the administration, and conversations I’ve had at high levels of the administration, I know they’re interested in using the reconciliation process.”On Fox News Radio’s Kilmeade & Friends, Hensarling stated, “What’s interesting is even Barney Frank has indicated he would change about a half a dozen fairly significant provisions of his own namesake law but there are so many Democrats who view this as sacred text like it came down from the tablets on Mt. Sinai and it’s kind of an ideological commitment, a class warfare thing, but meanwhile the big banks are getting bigger, the small banks are getting fewer and the poor beleaguered middle income American is seeing his paycheck stagnant and his savings decimated, it has failed.”Among the provisions of the CHOICE Act are: allowing banks that remain strongly capitalized the option to be exempt from certain regulations; more than two dozen measures aimed at providing regulatory relief for community banks and credit unions; and a proposal for a bi-partisan, five-member commission to lead the Consumer Financial Protection Bureau, the controversial agency created out of the Dodd-Frank Act.Democrats have fought against any attempts by Republicans to roll back any part of Dodd-Frank, which the Obama Administrations considers to be one of its greatest triumphs. Rep. Maxine Waters (D-California), Ranking Member of the House Financial Service Committee, has been one of the most vocal critics of the CHOICE Act, calling it the “wrong choice” for America.“In response to (the devastation of the 2008 crisis), the Dodd-Frank Act made sweeping changes to our financial regulatory system so that our economy would never again be threatened by special interests,” Waters said. “Yet, here we are, pretending that the crisis never happened, and considering toxic legislation that takes us in exactly the wrong direction. Let us be clear about who would benefit from the Republicans’ ‘wrong choice’: Wall Street and other special interests who have been fighting against financial reform since before it was enacted. The regulatory roll-backs in this bill know no bounds.”Americans for Financial Reform said of the CHOICE Act, “The Financial CHOICE Act would be an unprecedented blow to effective oversight of the financial sector and to fairness for consumers, investors, members of the public, and businesses. This is not a serious piece of legislation. It is, however, a sad reminder of the Financial Services Committee’s apparent willingness, under its current leadership, to do Wall Street’s bidding with breathtaking disregard for the costs to consumers and to the safety of the financial system as a whole.”Trump’s pick for Treasury Secretary, hedge fund investor and former Goldman Sachs partner Steve Mnuchin, is scheduled to testify at a confirmation hearing before the Senate on Thursday, January 19. Mnuchin has promised to overhaul Dodd-Frank and roll back financial regulations if he is confirmed. The CHOICE Act: The Solution or the Problem? January 17, 2017 541 Views Share in Daily Dose, Data, Featured, Government, News Dodd-Frank Act Financial CHOICE Act Financial Regulations Wall Street Reform 2017-01-17 Seth Welborn
Adapting to Change in Daily Dose, Featured, News, Servicing May 29, 2017 960 Views Kickstart Program Mat Ishbia Mortgage Brokers Mortgage Lenders Wholesale Mortgage Industry Wholesale Mortgages 2017-05-29 Rachel Williams Share Mat Ishbia, President and CEO of United Wholesale Mortgage, spoke with MReport on how mortgage lenders and brokers can adapt to the changing climate. According to Ishbia, the industry is not in the same place it was just five years ago, and drastic changes are sure to continue into the coming years. How has wholesale mortgages changed, and what can we expect in the future?What challenges will mortgage professionals face this year?Obviously the easy answer to tell you is that rates went up since post-election. And so one challenge will be adapting in the purchase environment.But the biggest challenge I would talk about is two-fold—the first part is mortgage professionals adapting to the new technologies in the market, and the second pertains to how mortgage professionals acclimate to the market dynamics.As part of this, it is important to understand that the way business was done in the past is not the way it’s going to be done in the future. Adaption is key. A lot of times, loan officers are set in their ways. I think what we’ve seen is a lot of them have evolved and have been thriving in the new technology and sometimes, they have not.Wholesale lending is becoming a bigger channel and so a lot of the retail people—retail loan officers and people that work at banks—are converting over to brokers because wholesale is starting to really thrive, and people are seeing that there’s more options as a loan officer. Over in the broker world, there’s better pricing, better products, better everything. That’s the other one.What will make a loan officer successful in the face of these challenges?The biggest thing is that loan officers need to be open to change. Are retail loan officers open to working in a mortgage broker shop? There is a lot of opportunity for career growth in the wholesale channel, as they can work with more lenders and have access to more loan options to attract a greater number of clients. Are entrepreneurial-minded loan officers interested in going out on their own and opening their own broker shop? The KickStart program that we gave NAMB [National Association of Mortgage Brokers] $500,000 to help launch grants individual loan officers with up to $10,000 in seed money to start their own independent mortgage business. Another thing is, are loan officers willing and capable of adapting to technology? Change is the biggest challenge for mortgage professionals this year and I’d even say in 2018, as well.Speaking of change, in what ways has wholesale lending changed over time?It’s changed so much. About five years ago, it was probably in its biggest dip of all time, from post-crisis to where it was at in 2011 and 2012. It’s really been on the upswing since, and it’s going to be continuing to thrive.Post-crisis, there was a lot of uncertainty in the industry. There were new regulations introduced that people thought were going to hurt mortgage brokers. So everyone went running for cover to originate loans for banks and retail lenders. Wholesale lending has changed over the last five years or so, from people not knowing what was going to happen to mortgage brokers to, all of a sudden, those loan officers who switched to retail are looking around and seeing that brokers are still thriving.Today, lenders in the wholesale space are taking on more of a leadership approach to helping brokers grow their business – things like marketing, compliance and technology. Wholesale lenders are essentially doing everything that retail branches do, but loan officers at broker shops aren’t captive to just one. They have the ability to shop around and find lenders with the best pricing and service for each client.How do you predict 2017 will stack up compared to last year?At UWM, we did $23 billion last year. We’re going to do more business in 2017 than we did in 2016, and that’s not going to be the common trend. The credit for that doesn’t just go to us, but also to our brokers, who are doing a great job and are also going to do more business.A lot of lenders that will see less business in 2017 than they did last year are the ones that were focused exclusively on the refi, or focused on servicer-to-servicer refinances. Those loans are a lot less likely to be refinanced because people have a lower rate on their loan than they can actually get today. I think you’ll also see a lot of mortgage brokers do more business in 2017. The purchase market will be a huge percentage of the business and, if lenders didn’t adapt and change with the market, they’ll get left behind.What about looking five years ahead? What can we expect from the wholesale mortgage industry at that point?The next five years are going to see even more change, where I think the broker market won’t get back to the 50 percent it used to be, but it’ll go back up to 20 percent or higher in 2020, 2022, based on all these changes.
Share New Jersey-based data intelligence and vendor management firm, Secure Insight, has teamed with DocMagic, Inc., a provider of fully-compliant loan document preparation, regulatory compliance and comprehensive eMortgage services, to develop and host an online training program to teach attorneys, title agents, notaries, and other entities how to accomplish clear, compliant and completely paperless eClosing transactions.Secure Insight noted that while lenders have made good progress installing digital mortgage point-of-sale solutions, it is just the initial step to implement a true eClosing solution. DocMagic developed Total eClose, a comprehensive solution that enables a 100 percent paperless eClosing process from start to finish using a single-source vendor.“Getting over the adoption hump starts with the ease of use and adequate training so users feel comfortable conducting business within the eMortgage ecosystem,” stated Andrew Liput, President of Secure Insight. “We partnered with DocMagic because their Total eClose solution is one of the easiest and most intuitive in the industry, which is conducive to adoption for title agents, attorneys, and notaries to understand and leverage.”Secure Insight has a database of more than 70,000 closing professionals that can take advantage of this vital training program, which provides the educational foundation for their business practices to include eMortgages and eClosings.Tim Anderson, Director of eServices at DocMagic stated: “The new training program and centralized database will provide key information and knowledge for professionals about our industry-leading Total eClose technology and assist lenders in locating professionals who are qualified to leverage it for the benefit of consumers. Further, one of the primary issues it solves is that in a purchase market, lenders really don’t choose the settlement professionals and typically don’t have direct relationships with them either nor the dedicated resources to continually train them to effectively support full eClosings. The online training eMortgage Education Module helps alleviate this impediment.”Company officials at Secure Insight say their ultimate goal is to become the industry’s go-to resource for lenders to access settlement professionals who are well-trained in eClosings, similar to what the Nationwide Multi-state Licensing System & Registry (NMLS) provides for loan officers. Lenders can provide a list of approved title companies and Secure Insight then works to implement a common and consistent process for training on a national level. October 19, 2018 719 Views DocMagic and Secure Insight Partner for eMortgage Education Module in Headlines, News, Technology DocMagic eClosing eMortgage Loan Officers Secure Insight 2018-10-19 Radhika Ojha
Drew Byrne, VP Corporate Marketing, ColonialDrew Byrne has been promoted to VP, Corporate Marketing Manager of Colonial Savings, F.A. and will oversee all marketing operations for the Colonial umbrella of companies.Colonial is a national, multi-service financial institution headquartered in Fort Worth, Texas. A federally chartered thrift, Colonial is one of the largest servicers of residential mortgage loans in the United States, with a servicing portfolio of $26 billion. “We are very excited Drew will be leading our Marketing Department,” said David Motley, Colonial President. “Drew has proven himself as an invaluable asset to the Colonial team over the past several years. We look forward to his vision as we continue to implement new technology and find new and innovative ways to continue to be a leader in the banking, insurance and mortgage lending industries.”Byrne has been with Colonial for more than four years and most recently oversaw Colonial’s digital marketing footprint. Byrne was instrumental in Colonial’s recent rebranding and launching of GoColonial.com, as well as helping grow the company’s social and digital media efforts exponentially. “I am thrilled to take on this new role with Colonial,” said Byrne. “Colonial has a tradition of excellence that has made us a leader in the industry for more than 65 years. I look forward to keeping that standard of excellence as we continue to implement and enhance new technology to better serve our customers and their experience with us.”Byrne joined Colonial in 2014 after serving as Director of Digital and Visual Media for the College of Media and Communication at Texas Tech University. Byrne received his Master’s Degree in Mass Communications in 2011 and Bachelor of Arts in Electronic Media and Communication in 2010, both from Texas Tech. Share January 25, 2019 739 Views Drew Bryne Tapped as VP, Corporate Marketing Manager for Colonial in Headlines, News, Servicing Colonial Savings David Motley Drew Byrne mortgage mortgage servicing 2019-01-25 Rachel Williams
Gateway Mortgage Group Appoints CFO Gateway Mortgage Group, a full-service mortgage company licensed in 40 states and the District of Columbia, announced Christopher Treece as CFO Treece will oversee all aspects of the company’s finance and accounting functions including financial reporting, accounting operations, funding, deposit operations, and asset liability management. In 2018, Gateway funded more than 29,000 units for a total of $6.1 billion in mortgage loans, up 10 percent from 2017. While many of the nations were announcing layoffs in 2018, Gateway opened a total of 40 new branches in 22 states and added over 341 team members. Established in 2000 and headquartered in Jenks, Oklahoma, the company employs more than 1,100 team members in over 160 offices nationwide and currently services $18 billion in residential mortgages. Christopher Treece Gateway Mortgage Group Guaranty Bancorp HOUSING Independent Bank Group loan mortgage Mortgage Origination Stephen Curry 2019-03-01 Rachel Williams Treece joins Gateway having worked in both public accounting and for bank holding companies. Previously, he was the CFO for Guaranty Bancorp in Denver, which was sold to Independent Bank Group in 2018. As a member of a small management team, Treece helped double the size of the bank while improving the operating metrics to be among the top quartile within the bank’s peer group. His career started as a public accountant where he spent 13 years serving financial institutions of all kinds. Treece graduated from Truman State University with a bachelor’s and master’s degree in Accounting and is a Certified Public Accountant. in Headlines, News, Origination “Gateway is an amazing company, and I’m thrilled to join a powerhouse executive team,” said Treece. “The ongoing success of the company provides a ton of momentum and the path for opportunity is significant. Gateway is full of driven professionals who live out the company’s core values, and I am eager to help the company reach more customers with modern financial solutions.” “Christopher brings a wealth of proven experience and expertise in the financial services industry to Gateway, making him a great asset to our team,” said Stephen Curry, CEO of Gateway. “As our company begins to evolve into a full-service bank, Christopher brings critical insights which will enhance strategies, improve execution and drive efficiencies. This is good for our investors, customers, team members, and all other stakeholders.” March 1, 2019 756 Views Share
Airlie BeachClipper Round the World Yacht RaceQueenslandWhitsundays Airlie Beach, in Queensland’s Whitsundays, has been announced as a host port for the 2018 Clipper Round the World Yacht Race, with 12 yachts, their skippers and their international crew and supporters visiting as the final stop of the Australian leg of the race.To celebrate in style, the stopover will be complemented by a festival set to include a large-scale Welcome Event, a regional rodeo and a spectacular lunch on the iconic Whitehaven Beach.Under the deal, which has been signed off in England by the event’s legendary founder Sir Robin Knox-Johnson, the entire fleet of the Clipper Race will stopover in the Whitsundays in January 2018 for the week-long Whitsunday Clipper Race Carnival.Tourism and Major Events Minister Kate Jones said the carnival was expected to attract more than 4000 visitors to the Whitsundays and generate more than $3 million for the local economy.“The Whitsundays is a jewel in our tourism crown so for it to be confirmed as a host port for the Clipper Round the World Yacht Race is another significant achievement. “We all know the impact of Tropical Cyclone Debbie on this community but we also know the resilience and determination of the people and businesses in the Whitsundays.“We look forward to hosting the skippers and their crew, as well as family, friends and supporters of the race in Airlie Beach, providing some welcome respite and showing off the best of what Queensland has to offer.”Legendary yachtsman and founder of the Clipper Race, Sir Robin Knox-Johnston, who was the first person to sail solo, non-stop around the world in 1968-69, said the Whitsundays was the perfect host port for the race.“The Whitsundays was an extremely popular stopover port during our last race, for the crew, supporters, and the Clipper Race team alike,” he said.“A truly stunning location for our crew members and partners, and a perfect place to really relax and unwind midway through our intense race route.“Being a Clipper 2017-18 Race Host Port will not only enable the Whitsundays region to host our international crew members but also to continue to promote itself and its beautiful surroundings to our global race community as a leading sailing and tourism destination in the Southern Hemisphere.”The Clipper Round the World Yacht Race is held every two years and features 12 yachts sailed by more than 700 amateur crew in a 40,000 nautical mile race around the globe.
“After all the glamour and kitsch of arguably the world’s greatest singing competition, today we say congratulations to a very special group of 21 travel agents who, together, have taken home a share of 150,000 Rewards by Viking points,” said Erin Kramer, trade marketing manager at Viking.15 people correctly guessed the Netherlands as the winner of the song contest, while eight correctly guessed the UK would come in last.Two people – Roland Kautzky from Travel Associates Toorak (VIC), and Carissa Johnson at Spencer Travel Southside (NSW) – picked both the first and last place winners and earned themselves extra points.While no one guessed the trifecta of first, second and third place in the correct order, two people received honourable mentions for guessing the correct countries: Shelley Jacquemin from Travel Associates Toorak (VIC) and Kieran Van Bunnik from Cruise Express Balmain (NSW).The 21 winners will see the bonus points appear in their Rewards by Viking account by the end of the week.“I’m pleased so many agents had faith in Australia to come first, however sadly no one correctly guessed our Kate would come in ninth,” said Erin.“And our mother country, Norway, made the leaderboard, with a song about the Northern Lights placing sixth.” Agents can earn Rewards by Viking by registering for an account online, and quoting their member number when they book with the Viking reservations team.Points can be redeemed in the online store for a range of brand-name items, from electronics and sporting goods to beauty products and gift vouchers. agentscruiseDare to DreamEurovisionincentivesViking
Washington made sure to note that the important thing is the Cardinals getting a win, but there’s little doubt he would like to get back on the highlight reel with Simpson, only this time be the one making the play. Grace expects Greinke trade to have emotional impact Comments Share It was worth six points on the scoreboard, but the judges gave Simpson an 8.5 (he didn’t exactly stick the landing).The play can be seen below: The 5: Takeaways from the Coyotes’ introduction of Alex Meruelo Top Stories Former Cardinals kicker Phil Dawson retires Jerome Simpson was not exactly a household name before his Bengals faced off against the Arizona Cardinals in a Week 16 matchup last season.He’s still not, as the 26-year-old has caught just four passes for 50 yards this season.Now a Viking, Simpson is best-known for a touchdown he scored his team’s 23-16 win over the Cardinals last season, a 19-yard catch-and-run that finished with the receiver leaping over Arizona linebacker Daryl Washington en route to the end zone. Derrick Hall satisfied with D-backs’ buying and selling At any rate, Washington has not forgotten about that play, which has certainly put him on the highlight reels for years to come. No, the third-year pro who has emerged as one of the NFL’s better linebackers remembers the play, and wouldn’t mind getting a little bit of payback, so to speak.“Yeah, I’ve been looking forward to it,” Washington said Friday when asked about facing Simpson again. “If he plays, he plays. If he doesn’t, then oh well. “But if he plays I’ll be sure to get back at him.”Simpson is listed as “probable” on the Vikings’ injury report with a lower back ailment. That designation means there is a virtual certainty he’ll be active Sunday, which should give Washington his shot to get a shot or two in.“I want to go out there and play as hard as I can, hopefully I can get some good shots on him if he does play,” he said. “Maybe I can catch him on a slant or, you know, just an open-field or something like that.”