The Week Ahead: Providing Insight

first_img The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago August 27, 2017 1,405 Views Previous: Quality Over Quantity Next: CalyxSoftware Pronounces Plan for National User Conference The Legal League 100, a professional association of default servicing law firms and service providers, will be conducting an educational webinar to provide insight into the developments in Consumer Financial Protection Bureau’s (CFBP) servicing rules and enforcement trends.Regulatory compliance continues to be at the forefront of the industry concern. Even now, the industry is still coming to grips with issues stemming from the latest iteration of the CFPB mortgage servicing rules. In this webinar, three industry experts will walk you through the latest developments in Bureau’s enforcement.Those industry experts include Michelle Garcia Gilbert, President and CEO, Gilbert Garcia Group, Rose Marie Brook, Found Partner and President, Fabrizio & Brook, and Stephen Hladik, Onorato & Federman, LLP.As an association committed to the mortgage servicing industry, The Legal League 100 supports being able to provide educational opportunities. Whether it is by conducting webinars, producing reports, or providing a forum for legal professionals to collaborate with their mortgage-servicing partners at The Legal League 100 Servicer Summits.The webinar will be held on Thursday, August 31, at 2 p.m. CT. To register, click here.The 2017 Legal League 100 Fall Servicer Summit, which is a part of the Five Star Conference and Expo, will be held September 20 in Dallas, Texas. To learn more, click here.Other Events in the Week Ahead:  S&P CoreLogic Case-Shiller HPI,  Tuesday, 9 a.m. EDT.Genworth Mortgage Insurance First Q2 2017 First Time Homebuyer Report Conference Call, Tuesday, 10:30 a.m. EDT.Freddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. EDT.Pending Home Sales Index, Thursday, 10 a.m. EDT.Construction Spending Report, Friday, 10 a.m. EDT. in Daily Dose, Featured Share Save Demand Propels Home Prices Upward 2 days ago About Author: Nicole Casperson Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago HOUSING Legal League 100 mortgage Webinar 2017-08-27 Nicole Casperson The Week Ahead: Providing Insight Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: HOUSING Legal League 100 mortgage Webinar Sign up for DS News Daily Subscribe Demand Propels Home Prices Upward 2 days ago Related Articles Servicers Navigate the Post-Pandemic World 2 days ago 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] Data Provider Black Knight to Acquire Top of Mind 2 days ago Home / Daily Dose / The Week Ahead: Providing Insight The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Postlast_img read more

Force allows ‘flies’ back on its walls

first_imgForce allows ‘flies’ back on its wallsOn 19 Jun 2001 in Personnel Today Thames Valley Police Force has invited in TV documentary makers to filmofficers on the beat despite its previous disastrous experience. In 1982, the force was the subject of the award-winning BBC documentaryPolice, which created considerable controversy when horrified viewers witnessedthe insensitive grilling of an alleged rape victim. Police officers involvedwere felt to have demonstrated a serious lack of training and expertise. The programme prompted public demonstrations, hostile press reaction andquestions were asked in Parliament. But producer Roger Graef has been invited back to film a new programme thatwill be transmitted later this year. “Some people who were around last time are understandablynervous,” said Gayle Ross-iter who is head of corporate information atThames Valley. But Rossiter reports that she has been impressed by Graef’s willingness tospend time explaining his objectives to staff and put them at ease. “We hope the programme will illustrate how Thames Valley Police hasmoved on in 20 years,” said Rossiter. Related posts:No related photos. Previous Article Next Article Comments are closed. last_img read more

How Leaders Can Ensure Their Software Investments Produce Returns

first_imgThis post was written as part of the IBM for Midsize Business program, which provides midsize businesses with the tools, expertise and solutions they need to become engines of a smarter planet. I’ve been compensated to contribute to this program, but the opinions expressed in this post are my own and don’t necessarily represent IBM’s positions, strategies or opinions.I just finished reading my friends at IBM’s new ERP guide called Integrated ERP Guide: Expert Answers to Your Most Frequently Asked Questions. The section that I believe is critically overlooked is on page, 11: “executive sponsor’s commitment.” In my experience, this is how software investments fail to produce their promised results.It doesn’t matter what kind of software system you install, without leadership truly embracing the acquisition and use of the system, it will fail.Massive software systems like ERP (even for small and medium sized businesses) can do wonders to help give you control, to give you insight, and to help you take your business to the next level. It’s the same thing with sales force automation; the software can definitely help you improve your business. But only if it is really adopted by the end users and key stakeholders.The major mistake I’ve seen in implementations with small, medium, and large businesses, is that leadership isn’t engaged in the process of making sure that the software is utilized. They love the idea of the software itself. They’re enamored with the promise of how it’s going to remake their business. But they’re not deeply engaged enough with the execution of the software before, during, and after the installation to get the initiative all the way over the line. This is why they never get the full benefit of their software investments.What Leaders Should Do?So what should leaders do?First, know that your involvement doesn’t end once you sign the contract acquiring the new software. Instead you have to provide a vision of what the execution needs to look like. You need to share that vision with everyone involved, especially the key stakeholders and peer users. You have to constantly reinforce your vision.Second you need to set expectations about the software’s utilization and the accountabilities surrounding your initiatives. It isn’t enough just to purchase the software. You have to ensure that it generates the results that you were after when you acquire the software. This is where your key stakeholders can help. They need to share your vision and ensure that processes are put in place (lest everyone go back to sending each other emailed spreadsheets).Finally, you need to put some key people in charge of the implementation and execution. The people you really want on projects like this are the people that are most passionate about the project. This doesn’t necessarily mean that you put people with the right title or the right position on your org chart in charge of implementation and execution. You want the fire-breathing, passionate end users, those who will spread the gospel and proselytize their peers.If you are going to spend the money and leverage technology, ensuring you get the return you want requires the additional investment of your leadership.QuestionsWhy do most software implementations fail to produce the promised returns?What is leadership’s role in ensuring that their investments produce those results?How should a leader ensure that key stakeholders execute?Why do you want passionate end users on software implementation project teams?last_img read more

Once a forbidden land, China becomes hottest destination for Indian businessman

first_imgTERRA PHARMA: Anji Reddy (centre) with management staff of Rotam Reddy in ChinaGuanxi. It’s an omnipotent Chinese phrase. It means networking, contacts, connections – things that businessmen thrive on. It’s a phrase that is also rapidly gaining currency among Indian entrepreneurs joining the lengthening queue to set up shop in,TERRA PHARMA: Anji Reddy (centre) with management staff of Rotam Reddy in ChinaGuanxi. It’s an omnipotent Chinese phrase. It means networking, contacts, connections – things that businessmen thrive on. It’s a phrase that is also rapidly gaining currency among Indian entrepreneurs joining the lengthening queue to set up shop in China.Last year, when a delegation of officials from the Chinese province of Guangzhou visited Mumbai to seek investment, the Bombay Chambers of Commerce managed to fit the proceedings in its conference hall.But last week, when the province’s Vice-Governor Tan Bing Quan led a team to the city, it had to book the Ball Room at the Taj Mahal Hotel to accommodate over 200 eager-beaver businessmen – all looking at opportunities in the once-forbidden land.Sure, not all of them wanted to set up plants. Many were seeking marketing tie-ups to tap China’s low-cost manufacturing ability. Some were looking at exports or technology exchange while others were simply sniffing around.Big-ticket investment is just a trickle right now. But the rush is clearly on – and in the pipeline are big plans by such names as Bajaj Auto and, in the IT sector, Tata Consultancy Services and Infosys Technologies.Dinesh Patnaik, head of the economic wing at the Indian Embassy in Beijing, confirms the trend: “The number of Indian businessmen scouting for opportunities in China is on the rise.” But is it just China’s low-cost manufacturing ability that is attracting them? Patnaik believes otherwise. According to him, China currently imports goods worth $230 billion and by next year the figure is likely to touch $300 billion.advertisementBig-ticket investment by indians is just a trickle now but the rush is imminent with big names and bigger plans in the pipeline.But India’s share is just $1.35 billion (Rs 6,200 crore). Hence it’s a huge opportunity. Also as Srinibas Swain, chief representative for the State Bank of India at Shanghai, points out, “There is a lot that Indians can learn from the Chinese in terms of economies of scale, cost-effectiveness and adherence to time frames.”The power of the pro-business environment has got many plugged in. Pharma major Dr Reddy’s Laboratories has staked its expertise in branded formulations and set up the Kunshan Rotam Reddy Pharmaceuticals. Ranbaxy has set up a unit in Guangzhou and introduced 11 brands in China.Aurobindo Pharma has branched out as Aur Bindo Tangling (Datong) Pharmaceutical Co Ltd in Shanxi. Also wired into China are computer education majors NIIT, which has centres in Shanghai and Pudong, and Aptech, which has set up over 45 centres inthe country since February 2000.The lure of China is manifold. Says Satish Reddy, managing director and chief operating officer of Dr Reddy’s: “It is a question of using our expertise and reputation in finished formulations and reaching out to the global market. China is among the top 10 markets we needed to tap.” For Bajaj Auto, it’s an opportunity to introduce its three-wheelers. It also wants to tap the low-cost Chinese advantage in components and gearless scooters.For many, the Chinese option is a defensive move. The low-cost economics offers many Indian manufacturers a way to cut costs by outsourcing. China also offers a chance to do what they couldn’t do back home in India’s cramped business environment. The biggest draw is China’s attitude to investment, an area in which Reddy feels India has a long way to go.BIG TIME: An Indian plant at Kushan was rated a Good Management Practices facilityIn China, he explains, powers are delegated to local provinces, investment decisions and approvals are local and only exceptional cases are referred to the Centre. “They are very pro-business, you don’t have to deal with a hundred different windows,” he adds. Pramod Khera, Aptech’s executive director and CEO of its education and training division, agrees. “We looked around for a partner for about six months but once we signed a deal, things moved very fast.” And this despite a bureaucracy.Clearly, it’s not just Guanxi at work. It’s a passion that is difficult to quantify. Baron India CEO Kabir Mulchandani relates an anecdote which might help. Over dinner, when a corporate lawyer asked a visiting Chinese official what made the country tick, his passion impressed everyone. “He had all the details on his finger tips,” recalls Mulchandani. “He knew the business plan of every company for the next five years.” The Chinese record of matching words with action is just as impressive.A senior partner at a consultancy lists some of these achievements: in 1985, China decided to push through land reforms and did it; in 1990, it unveiled a plan to upgrade infrastructure and realised it; in 1994, it set out to bring inflation under control and succeeded. All adding up to economic growth.Vijay Kalantri, chief of All-India Association of Industries, puts it in perspective: “It’s not that they have invented a mantra for growth. The fact is – and nobody will say this openly for fear of persecution – they have done everything that our governments only talk about. Do Chinese companies have 59 different inspectors visiting them? Obviously not.”advertisementChina also has high-quality infra structure. Guangdong alone has 176 open ports which handle freight of 186 mtpa, 10 special industrial development zones connected by 1,900 km of express roadways and an installed power-generation capacity of 33,854 MW, nearly a third of India.Its tele-density is 28.4 connections per 100 people spread across 14.2 million fixed-phone users and 12.52 million mobile-phone users. Its total investment in infrastructure over 20 years: $280 billion.The pay-off is an unbelievable year-on-year growth of 13 per cent between 1978 and 2000 for Guangdong. Its GDP in 2000 was $115 billion (a fifth of India’s) and its exports touched $91.9 billion (nearly thrice that of India’s). The total FDI flow into the province in 22 years has been $98.81 billion with $12.2 billion (six times India’s FDI) coming in 2000.Guangdong boasts of 50,000 foreign-invested enterprises, including 200 of the top 500 companies in the world. The push is not just in manufacturing of consumer goods. Diamond- cutting costs, for example, are barely 28 cents (Rs 14) per unit in China compared to Rs 27 in India. A Chinese operation can cut, polish and deliver a consignment in 10-15 days compared to 45 days in India. Naturally, five top Indian exporters have moved to China.The low-cost economy of china and its excellent infrastructure allow Indian manufacturers a way to cut costs by outsourcing.Says Sanjay Kothari, chief of the Gem and Jewellery Export Promotion Council: “China rolls out the red carpet for anyone investing in gems and jewellery. To hold on to our advantage, we will have to be vigilant and the Government too needs to be supportive.” The migration of Antwerp-based Indian outfits to China indicates that this is not the case. And early this year, a large infotech company recruiting software engineers found to its surprise and dismay that students from Shanghai University scored higher than IIT graduates.The reason: in 1999, the Chinese Government unveiled what is now popularly known as the Trans Century Project involving universities of Beijing and Tsinghua. Its aim: to transform higher education in China. Start-up research grants under the scheme are around $250,000.Tsinghua University in Shanghai has been given a grant of $217 million (Rs 1,019 crore) and MNCs like Siemens, Panasonic, Bell Labs, Ford and Microsoft and institutions like MIT and Michigan University have been roped in. The faculty have the flexibility of working half the year in industry – in China or the US.Also wooed are the Aptechs and NIITs to achieve the critical mass China needs in infotech. Naturally, software companies like Tata Consultancy and Infosys are looking at China. Says Nandan M. Nilekani, managing director, Infosys: “We are evaluating the possibility of starting a development centre in China as in other parts of the world.”advertisementClick here to EnlargeIn Guangdong, the Government is even promising a 10 GB/sec connection across its province. Vipul Tuli, principal with McKinsey & Co, believes the determination with which the Chinese are transforming their technical education is “something that we should emulate”.But that isn’t the case. In December 2000, Prime Minister A.B. Vajpayee and his ministers sat through presentations by the it Ministry on the urgent need to upgrade the quality of Indian institutions and the threat from China.Six months on, action is yet to be taken. In contrast, Chinese President Jiang Zemin and Premier Zhu Rongji recently spent an entire day each at the Beijing and Tsinghua universities reviewing their progress.The commitment of the Chinese is what makes the difference. When the Guangdong delegation came calling, it was accompanied by Li Chang Chun, the seniormost member of the central Politburo of the Communist Party of China. This sense of commitment is evident everywhere, whether it’s business, education – or sport.To understand its depth, take the promise the Chinese made to the International Olympic Committee in their bid to host the 2008 Olympics in Beijing: investment of $20 billion to upgrade the city. Also on that day in 2008, every person in Beijing would speak in English. It wouldn’t be surprising if by then Guanxi would be part of the English lexicon.last_img read more

PBA D-League: Marinerong Pilipino stays on pace for playoff spot, routs Perpetual

first_imgMOST READ DA eyes importing ‘galunggong’ anew Edgar Charcos collected 19 points, five assists, four rebounds, and two steals for the Altas (2-6).Sports Related Videospowered by AdSparcRead Next LATEST STORIES PH underwater hockey team aims to make waves in SEA Games PLAY LIST 02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss MANILA, Philippines-Marinerong Pilipino kept its bid for the last playoff spot alive after turning back University of Perpetual Help, 90-76, in the 2019 PBA D-League Tuesday at Ynares Sports Arena in Pasig.ADVERTISEMENT Private companies step in to help SEA Games hosting Don’t miss out on the latest news and information. Two-day strike in Bicol fails to cripple transport ‘Rebel attack’ no cause for concern-PNP, AFP Duterte wants probe of SEA Games mess Catholic schools seek legislated pay hike, too Gab Banal and Santi Santillan carried much of the load as the two each notched a 20-point double-double for the Skippers.Banal finished with 27 points and 12 rebounds while Santillan posted 21 points and 17 rebounds as Marinerong Pilipino improved to 5-4 in the Foundation Cup group.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“The management told us that we just have to win our remaining games and we’re happy that we did,” said Marinerong Pilipino coach Yong Garcia after his squad wrapped up its campaign in the elimination round.Marinerong Pilipino advances to the playoffs if Centro Escolar University beats Far Eastern University next week. Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Cayetano: Senate, Drilon to be blamed for SEA Games mess Meralco import Gani Lawal continues to impress in tuneup win over Alaska View commentslast_img read more

Relief Grants Presented To Flood Victims

first_img Speaking at the Ministry’s parish office in Port Antonio, Portland, where cheques were presented to the beneficiaries, the Minister commended them for their patience, and called for “wise” use of the funds. Minister of Labour and Social Security, Hon. Shahine Robinson, on Friday (February 2), presented relief grants to residents of sections of Portland and St. Mary who were severely affected by floods in January.Approximately 112 residents in Portland, and 101 residents of St. Mary were identified as needing additional assistance, as they had already received some help when supplies were airlifted to them during the heavy rains.Speaking at the Ministry’s parish office in Port Antonio, Portland, where cheques were presented to the beneficiaries, the Minister commended them for their patience, and called for “wise” use of the funds.“Use what you have received to build back normalcy to your lives,” Mrs. Robinson encouraged, explaining that the investigation and assessment of the damage took time to complete, due to the severity of the problem.She also praised the staff at the parish offices who, despite their own dislocation caused by the floods, responded in a timely manner to reach the public, so that the relief agencies could arrange help.The Minister said that with the rains continuing, many families and “certain communities” are still at risk, and the residents should stay alert in case they have to take action to protect themselves. Minister of Labour and Social Security, Hon. Shahine Robinson, on Friday (February 2), presented relief grants to residents of sections of Portland and St. Mary who were severely affected by floods in January. Story Highlights The Minister said that with the rains continuing, many families and “certain communities” are still at risk, and the residents should stay alert in case they have to take action to protect themselves.last_img read more

Missing straddles the realms of disturbing reality and dreams

first_img Twitter Facebook Baritone Clarence Logan, mezzo Rose-Ellen Nichols, and soprano Melody Courage. – PHOTO BY EMILY COOPER READ MORE As a playwright, director, and multimedia artist, Marie Clements is known for her fearless determination to tell Indigenous stories—but even she was hesitant, at first, to explore the new-to-her world of opera while writing about missing and murdered women.“When you’re asked to write on this theme or this reality, sometimes your first response is ‘Oh, I don’t know if I can go in there,’ just because of the gravity of it,” she tells the Straight from Toronto, where her musical documentary, The Road Forward, is screening at the ImagiNATIVE Film & Media Arts Festival.But the story needed to be told, and Clements is not one to back away from a challenge. The result is Missing, her collaboration with Toronto-based composer Brian Current, City Opera Vancouver, and Pacific Opera Victoria, produced in partnership with Vancouver Moving Theatre/DTES Heart of the City Festival. Advertisementcenter_img Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Advertisementlast_img read more

Toronto designer finds knockoffs of her clothes at ToysRUs

first_imgAdvertisement Facebook The onesie, by Montreal-based Novel Teez, was made in China with cotton and polyester and retails for $7.99. Meanwhile, the Bebe Fete romper is made in Canada with bamboo and cotton and sells for $59.95.CityNews confirmed on Tuesday the Novel Teez onesie was still for sale at a Toronto Toys”R”Us store. The retailer said it contacted its distributor for an explanation. A Toronto-based designer of a children’s streetwear line says Toys“R”Us is selling a knock-off of her creation.Ivy Chen said she and her business partner design the cheeky illustrations on Bebe Fete clothes for babies and toddlers.Chen said a friend tipped her off after seeing a onesie at a local Toys”R”Us which looked like one of her designs. After comparing the two products, Chen was certain it was. Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Advertisement Twitterlast_img read more

China prepares mission to land spacecraft on moons far side

first_imgBEIJING — China is preparing to launch a ground-breaking mission to soft-land a spacecraft on the largely unexplored far side of the moon, demonstrating its growing ambitions as a space power to rival Russia, the European Union and U.S.With its Chang’e 4 mission, China hopes to be the first country to ever successfully undertake such a landing. The moon’s far side is also known as the dark side because it faces away from Earth and remains comparatively unknown, with a different composition from sites on the near side, where previous missions have landed.If successful, the mission scheduled to blast off aboard a Long March 3B rocket early Saturday local time will propel the Chinese space program to a leading position in one of the most important areas of lunar exploration.The Associated Presslast_img read more