Outbound tourism in Australia, matched with the strength of the Aussie dollar has seen an increase in the popularity of travel cards. With over seven million outbound Australian tourists and figures expected to exceed 10 million by 2020, Australian company OzForex is set to launch its new online prepaid travel card. Offering free currency reloads, low ATM fees, heightened transparency and greater exchange rates; OzForex said it is determined on shaking up the industry. “Most travel cards are seen as a lucrative product, but poor exchange rates and high or even hidden fees mean that they don’t deliver good value for travellers,” OzForex chief executive Neil Helm said. “At OzForex, we’re ready to change that. Because we are a currency specialist, not a bank, we are able to offer rates at much tighter exchange rates than other providers.” The main difference between OzForex’s new product and similar cards on the market is the inclusion of fee-free online reloads. “Instead of paying an extra 1 – 1.1 percent for every currency reload, customers will be able to recharge the OzForex Prepaid Travel Card as much and as often as they like, paying only the basic exchange rate while enjoying considerable savings,” Mr Helm said. Independent financial comparison website Mozo said the card is suitable for all travellers, especially those planning on visiting multiple destinations. “The OzForex Travel Card is one the most competitive multicurrency cards on the market, mainly due to the absence of reload fees. It is 100% online so it offers flexibility and convenience that other cards don’t,” Mozo representative Kirsty Lamont said.“We offer nine different currencies on the card as we recognise that business and leisure travellers visit a wide range of destinations and therefore need a card that supports multiple currencies,” Mr Helm added. Source = e-Travel Blackboard: P.T
The joint venture between China Eastern Airlines and Qantas Group, Jetstar Hong Kong, will commence services by the end of this year or early next year. The 50/50 partnership low-cost carrier is awaiting approval after applying for its operator’s certificate from the Hong Kong Government, according to Air Transport World. China Eastern chairman Liu Shaoyong said China’s low-cost carrier element is lacking and needs further development. “The operating environment for domestic carriers still needs to be improved.” China Eastern managing director Ma Xulun said the carrier will have its work cut out but was confident in the new Hong-Kong based carrier’s capabilities. “Low-cost carriers account for more than a 25% share of the global air transport market and the figure is more than 33% in Southeast Asia, while comparably speaking this figure is less than 5% in China.” High import taxes for foreign-made aircraft and a shortage of pilots and airports are just some of the challenges faced by low-cost carriers throughout China.China’s single current low-cost carrier, Shanghai-based Spring Airlines, has been turning a profit since its beginnings in 2004. Source = e-Travel Blackboard: P.T
Fewer Australians planning a domestic trip in 2013. Image: VisitVictoria. Source = e-Travel Blackboard: N.J Australian landmarks and cultural experiences are failing to entice Aussies to travel domestically, according to a new study.Roy Morgan research found the number of Australians intending to take a domestic holiday this year fell two percent compared to last year from 57 percent to 55 percent.Despite the dip, intentions to visit Victorian destinations increased, with 7.2 percent of Australians intending to visit the state in 2013, ahead of Sydney and Gold Coast, both sitting at 4.3 percent. Meanwhile, international holiday intentions remain steady this year at ten percent.
Hotel chain Accor will operate a new five star, Sofitel-branded hotel in Adelaide, South Australia, scheduled to open in 2018.Palumbo Pty Ltd selected Accor to operate the AUD$140 million development, which will boast 250 rooms and 80 apartments within its 32 storeys.Accor Pacific chief operating officer Simon McGrath said this development will raise the tourism standards and international profile of Adelaide.“It is almost 30 years since a hotel of this status and quality has been built in Adelaide’s CBD and it will help attract significant increases in tourism, business travel and conferences to the city,” Mr McGrath said.“The demand into Adelaide’s visitor economy is growing despite new hotel supply entering the market last year.“Occupancy for the total market finished just under 80 per cent in occupancy while revenue per room grew by 5.5 per cent.“This growth is being fuelled by major projects such as the Adelaide Oval and Convention Centre.”Palumbo Pty Ltd managing director Daniel Palumbo said Sofitel Adelaide is expected to be a premier hotel destination and will reflect Sofitel’s signature French style.“It will offer the best of both worlds, it will combine the very best South Australian wine and produce with the finest French pastries, wines, cheeses and breads, all of which create a uniquely European experience for guests,” he said.The hotel will feature a restaurant, four bars, a ballroom, conference rooms and swimming and fitness facilities.South Australian Premier Jay Weatherill said the hotel will benefit Adelaide in terms of tourism and employment.“Having a luxury branded five-star hotel in Adelaide will be a further boost to our [AUD]$5.1 billion tourism industry which employs more than 33,000 people,” he said.Source = ETB Travel News: Brittney Levinson
Australians increasingly embracing multi-generational travelExpedia.com.au has today released further findings from its annual State of the Nation report, revealing Australians are increasingly embracing multi-generational travel, seeing it as an opportunity to spend quality time with the whole family, not only a chance for a free trip from the oldies and a helping hand with the kids.In the lead up to the Easter holidays, Expedia is seeing searches for family hotel rooms increase more than 20% year-on-year*, as more than a third (35%) of Australian travellers report they have been on holiday with more than one generation of their family in the last two years, rising to 46% among Australian parents** with children 17 and under.Close to two thirds of Aussie parents (63%) always took multi-generation holidays prior to having children, believing they are a nice way to spend time as a family (92%). Who foots the bill is also a consideration, with 45% agreeing to trips being funded by the older generation.Regardless of who pays, parents value the additional help looking after the kids on a multi-generation holiday with 80% saying it makes their holiday more relaxing. Men appreciate the extra sets of hands more than women with 81% of men saying multi-generation travel makes their holidays more relaxing versus 76% of women.Four in ten Aussie parents (38%) admit they probably wouldn’t invite grandparents, aunties or uncles if it wasn’t for the free babysitting. Expedia.com.au travel expert, Kelly Cull, says: “A multi-generation escape with parents, kids, siblings and grandparents has a positive impact on all family members as they explore, learn and laugh together. What’s more, children get to enjoy the company of other relatives while parents can catch some brief moments alone.”“There are lots of excellent accommodation options on Expedia.com.au, like serviced apartments, for travelling tribes that allow everyone to share the fun but also have their own privacy, which is important.”Expedia.com.au’s top five recommended destinations for travelling tribes this Easter:The WhitsundaysFijiHawaiiTasmaniaNew ZealandAussie parents not deterred by long-haul travel with kidsLonger flights can lead to cabin fever and restless children however the State of the Nation report reveals extended travel time doesn’t deter Australian parents. On average, Aussie parents are willing to travel up to 12 hours with their kids to reach a destination.Travel time aside, parents are taking kids on holidays abroad thanks to greater affordability of overseas destinations and cheaper flights. Close to eight in ten (79%) Australian children*** (aged 17 and under) have been overseas. ExpediaSource = Expedia
Source = Taronga Western Plains Zoo Spring has sprung as Koala joey emerges from pouchKoala joey emerges at Taronga Western Plains ZooKeepers at Taronga Western Plains Zoo are delighted to report early sightings of a male Koala joey that is now just over five months old and starting to emerge from its mother’s pouch.The yet to be named Koala joey is the third offspring for mother, Wild Girl who is displaying very positive nurturing behaviours.“We are really happy with how both mother and joey are doing. Wild Girl is an experienced mother and is showing all the right maternal behaviours,” said Keeper, Denyell Woodhouse.Wild Girl arrived at the Zoo’s Wildlife Hospital after being hit by a car.Unfortunately because of her injuries she couldn’t be released. She joined the Zoo’s Koala group in early 2013 and has since played an important role in the breeding program.“This is the first Koala joey to emerge from its mother’s pouch this season, and we are hopeful of having at least one more Koala joey emerge in the coming months,” said Denyell.“At present visitors need to have a keen eye to spot the joey when it is out of the pouch, as it clings to the underside of Wild Girl however, as it grows and the weather warms up, it will start to be more visible and active.”Koala joeys stay with their mother for up to 12 months of age. They will start to roam further and further away from their mother as they reach this age, exploring their surroundings before becoming fully independent.A great time to see the Koala joey in the Aussie Walkthrough exhibit is at the daily keeper talk at 2:30pm.Taronga Western Plains Zoo is located in Central Western NSW and is open every day from 9am – 4pm. For more information visit www.zoofari.com.au or 6881 1400. Taronga Western Plains Zoo
The growth registered in the final figures of Foreign Tourist Arrivals (FTAs) in India during last three years was better than the provisional estimates of FTAs except for the year 2012. The provisional estimates and final figures of FTAs in India along with the growth rates over the previous year is as follows, in 2012, provisional FTAs was 6.65 million with a provisional growth rate of 5.4%, while the final FTAs was 6.58 million with a growth rate of 4.3%. In 2013, the provisional FTAs was 6.85 million with a provisional growth rate of 4.1%, while the final FTAs was 6.97 million with a growth rate of 5.9%. Lastly, in 2014 the provisional FTAs was 7.46 million with a provisional growth rate of 7.1%, while the final FTAs was 7.68 million with a growth rate of 10.2%.One of the suggestions received for the National Tourism Policy 2015, being prepared includes the setting up of a National Tourism Authority/Board.
Travel group Cox & Kings Ltd. has opened its first dedicated Foreign Exchange branch at Panjim in Goa. Ravi Menon, Head, Foreign Exchange, Cox & Kings Ltd inaugurated the branch that has been designed as a one-stop-shop for all foreign exchange requirements.The flagship store would offer a slew of products like buying and selling of all frequently traded foreign currencies, sell pre-paid cards, enable Money Transfer business where tourists can receive money from overseas, as well as provide domestic money transfer facilities. Students who wish to travel overseas from Goa for further studies can avail Foreign Currency Draft and Outward Remittance facilities through this outlet.According to Menon, “Goa is a key market as it receives a large number of foreign tourists. Our bouquet of foreign exchange products and services are designed to cater to this segment. Our branch will cater to all the requirements which are allowed under Authorised Dealer CAT II activities.”As per data released by the state government in 2015, Goa received 5.40 lakh international tourists, an increase of 5% over 2014. This year the state is expected to attract even more tourists especially from traditional markets such as USA, UK, France, Germany and Russia.
In order to welcome more Chinese travellers to Europe and making their travel to Europe easier during the 2018 EU-China Tourism Year, Europe is taking a number of measures, the European Travel Commission recently said in Shanghai.Measures include Chinese language material at venues such as airports, tourist information centres, hotels and shopping malls, and staff who can speak Mandarin at these spots, said Eduardo Santander, Executive Director, European Travel Commission.“We are also facilitating the acceptance of Union Pay payments in Europe,” said Santander. Better visa policies toward China and more direct flights linking Chinese and European cities are also on the agenda, he said.The commission has also teamed up with ‘Welcome Chinese Certification’ to create better experiences for Chinese tourists. Welcome Chinese is the official standard certification released by China’s Tourism Academy, which guarantees Chinese tourists feel comfortable, travel easily and feel welcome at overseas destinations.“A main objective of the commission this year is to improve connectivity between China and Europe,” said Santander. “We invite Chinese to enjoy another kind of Europe, which is less crowded, more peaceful, laid-back, and off the beaten track.”The commission and Welcome Chinese Certification announced that UnionPay International, Ctrip, Tuniu, Tencent, travel review website Qyer.com, Fliggy and Tongcheng had become official partners of the 2018 EU-China Tourism Year.China is the world’s top outbound tourism market with 147 million outbound travellers last year, spending USD 220 billion.“The trend is that some emerging destinations in central and east Europe are gaining popularity among Chinese because of the Belt and Road construction, more direct flights and relaxed visa policies,” Jiang Yiyi, head of International Tourism Research of China Tourism Academy said recently.
International Document Services (IDS), a Salt Lake City, Utah-based mortgage document preparation vendor, announced the formation of an internal team with the sole function of developing and maintaining integrations between idsDoc, the IDS flagship document preparation system, and the company’s third-party vendors.The new integrations team will work in conjunction with IDS’s customer service department and collaborate with the company’s LOS partners to create various idsDoc interface functionalities, such as two-way transferring and blind interfaces. The idsDoc interfaces developed by the new interface team will minimize manual data entry by including more core data from mortgage documents.”Doc prep systems don’t operate in vacuum,” said Mark Mackey, EVP at IDS. “Collaboration and connectivity are the name of the game in today’s automated mortgage operations environment. Because our integrations play such a key role in the idsDoc user experience, we felt it was important enough to establish a team dedicated to keeping our integrations best-in-class.”All of the members of the new integrations team will attend training and certification courses for the Mortgage Industry Standards Maintenance Organization (MISMO) in order to apply the latest industry standards to implement mortgage document data. Part of the team’s responsibility will be not only to expand the offerings of IDS’s MISMO 2.6, but also to facilitate the company’s transition from MISMO 2.6 to MISMO 3.3.”We are excited to have gathered a team of highly-skilled individuals who will help IDS become more serviceable to our loan origination system (LOS) partners and our customers accessing idsDoc through an LOS,” said David Clement, director of operations at IDS. “With their combined knowledge and skillsets, this team will enhance our customer service offerings and heighten our capacity to support our customers.” November 6, 2014 482 Views Share Company News International Document Services 2014-11-06 Seth Welborn in Headlines, News, Technology IDS Creates Integrations Team for Doc Prep System
Investors National Asset Advisors real estate 2016-02-08 Staff Writer 3 Ways Investors Can Improve and Grow Their Business As investors navigate the real estate market, they are faced with some the same issues as others in the mortgage industry such as regulations and compliance, the highs and lows of growth, and technology innovations.Chris Cobbs, Managing Director of National Asset Advisors told MReport how investors can make the most of their operations in every facet of the housing market.MReport: How can an investor in today’s real estate market still capitalize on opportunities and prosper in today’s market?Cobbs: There is a lot of opportunity out there in real estate and local business, so even with a national footprint or a large regional footprint, anyone that is looking to place a large amount of capital on the investment side is looking for people on the ground and for people who can quickly acquire properties, renovate, and provide them with a ready-to-go home.MReport: As new regulation is coming about, how can investors ensure compliance with the new rules where it affects their business?Cobbs: Firms like ours have to focus their attention on understanding those regulations and being able to comply with them. Our niche is providing compliant seller-financed transactions. We generate contracts for deed, installment contracts, and land contracts, where the title of the property doesn’t transfer until the underlying seller-financing is retired. In addition, those transactions must have been deemed to be creating debt by federal legislation so states regulate that just like they regulate hard-money lending.We set out to establish a company that could provide origination for those transactions in a compliant manner which would increase their value in the secondary market.MReport: In what ways do you think the investment industry can evolve and improve? New technology? New regulations?Cobbs: There’s a lot of technology in this space. It’s really changed the way that everyone conducts business, made information available more quickly, therefore allowing decisions to be made more accurately. But the downside to that is that not all the data is verified and is made available perhaps a little too fast. The information is made available now because the social media platforms and the Internet have created the space for it, whether accurate or not, to anyone that wants to find it. Speed has been the desire in this industry, so the speed at which we can obtain information now dictates that it cannot always be verified as readily or as much as it should be. This is one issue that could be improved upon in this industry.From a regulatory standpoint, not to speak for all mortgage lenders, but particularly someone from a company that does seller financing, we are way overregulated. We are a microscopic part of the overall investment market. If we were to fail or if any of our peer companies were to fail, it would make a blip on the radar screen. We are not insured by the federal government on any of our loans. If they are going to buy them at any point or time, they are going to be scrubbed to ensure that they were originated in a compliant manner. As a result, we are held to same standard as Bank of America and we are not a Bank of America. It’s a difficult and very costly part of our business that hampers our ability to provide services to consumers that really need them, because they can’t financed with more conventional institutions like the Bank of America.On the consumer side, we are completely on-board with consumer protections. We do everything that we can to make sure that everyone we are dealing with, is aware of what we are doing and what their obligations are. On the downside, if they can’t perform and they do default, we are not suing them in court for their deficiencies. We just want the property back and to search for solutions for these customers. It’s important to understand the borrower.As credit quality improves, the default side of it becomes less of an issue, but informing them of their options and letting them know what they can do or need to do is part of what we do. The forcing of servicers to do what they should have been doing all along is a good thing, but regulating a company to use this form or that form and penalizing them if they don’t is just overkill. Share February 8, 2016 534 Views in Headlines, News, REO, Secondary Market
Patrick FlanaganCarrington Mortgage Services has announced that Patrick Flanagan has joined the company’s Wholesale Lending Division as Executive Vice President.Flanagan has more than 30 years of experience in the mortgage industry, including more than 15 years of C-level experience. His leadership positions prior to joining Carrington have included CEO and founder of Cove Financial Group and Managing Director of Mortgage Trading for Cerberus Capital Management.As EVP of Carrington’s Wholesale Lending Division, Flanagan will concentrate on expanding Carrington’s Wholesale Channel with a strong focus on maximizing the ease of use for the broker community, according to the announcement.“Pat is a dynamic team builder, with strong lending finance and capital markets experience,” said Ray Brousseau, Executive Vice President of Carrington Mortgage Services, LLC’s Mortgage Lending Division. “We have an extraordinary opportunity adding Pat to Carrington’s senior leadership team, and I am confident his presence will accelerate our commitment to our growing wholesale platform.”Carrington is a holding company whose primary businesses include asset management, mortgages, real estate transactions, and real estate logistics. The company is headquartered in Anaheim, California. June 14, 2016 614 Views Carrington Mortgage Services 2016-06-14 Seth Welborn Carrington Welcomes New EVP of Wholesale Lending Division in Headlines, News Share
Share Financial Results Freddie Mac 2017-04-30 Seth Welborn The Week Ahead: Freddie Mac to Release Q1 Financial Results On Tuesday at 9 a.m. EST, Freddie Mac will hold a conference call to discuss its Q1 2017 financial results. The call will be webcast on the Freddie Mac website as well, and will be replayable for approximately 30 days following the event.All materials related to the call will be available on the Investor Relations page of the company’s website.Freddie Mac’s previous results, for Q4 2016, showed a net interest income of 14.4 billion for the full year, down 4 percent year-over-year. Q4 alone had a comprehensive income of $3.9 billion, almost half of the full year comprehensive income of $7.1 billion. This was a $1.6 billion increase in comprehensive income for the quarter.Also, this week, congress will vote on a federal funding bill. On Friday, Congress extended the funding deadline for another week with a vote of 382-30, avoiding a government shutdown over the weekend. The Associated Press (AP) stated that Congress plans on passing the complete funding package sometime this week, which will finance the federal government $1 trillion through September 30, the end of the fiscal year.“We’re willing to extend things for a little bit more time in hopes that the same sort of progress can be made,” Senate Minority Leader Charles E. Schumer (D-New York) told The Washington Post on Friday morning.A government shutdown would have slowed the mortgage process and even prevented some buyers from closing, as access to tax information and social security would have been halted during the shutdown.This Week’s ScheduleCensus Bureau Construction Spending report for March, Monday, 10:00 AM ESTAEI National and State Mortgage Risk Indices Update Conference Call, Monday, 11 a.m. ESTCollingwood Managing Director Tom Booker joins Jim Bohannon Radio show, Monday, 11 p.m. ETFederal Reserve Financial CHOICE Markup, Tuesday, 10 a.m. ESTMBA Mortgage Applications, Wednesday 7 a.m. ESTFreddie Mac Weekly Mortgage Survey, Thursday, 10 a.m. EST April 30, 2017 537 Views in Daily Dose, Government, Headlines, News
in Daily Dose, Featured, journal, Market Studies, News, Origination Homebuyers Might Overlook This Potential Advantage to Renting June 11, 2018 607 Views While buying a home remains a long-term investment many Americans will make at some point in their lives, the factors to consider along that road are definitely challenging. Home prices are way up in many markets, inventory is limited, and many homebuyers report having to compromise when it comes time to shop for that dream home. Another factor to consider: renting might actually generate more wealth for potential buyers in the long run, according to a new report.The latest installment of the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index shows that many metros around the nation are above their long-term pricing trends, suggesting that “significant price retractions” may be on the horizon for these markets. If that proves to be true, the BH&J Index suggests that existing renters would be financially better served by continuing to rent rather than purchasing a home, and investing the difference, a move the BH&J Index suggests would have “an increasingly better chance at creating wealth.”“On the heels of information concerning slowing housing starts, rising mortgage rates, decreased demand and unsustainable price increases, these numbers provide additional evidence that housing markets around the country are slowing, resulting in many to opt for renting,” said Ken Johnson, Ph.D., a real estate economist and one of the index’s creators in Florida Atlantic University’s College of Business.Of the 23 separate metro areas in the BH&J Index, many are “nearing the top of their current housing cycle, meaning they are above their long-term pricing trend.” Cities operating above their long-term pricing trends include Atlanta, Denver, Dallas, Honolulu, Houston, Kansas City, Los Angeles, Miami, Minneapolis, Pittsburgh, Portland, San Diego, San Francisco, Seattle, and St. Louis. On the other hand, cities operating below their long-term pricing trends include Boston, Chicago, Cincinnati, Cleveland, Detroit, Milwaukee, New York, and Philadelphia.Eli Beracha, Ph.D., co-creator of the index and associate professor in the Hollo School of Real Estate at FIU, said that rising home prices are a primary factor driving up the overall cost of homeownership, but they’re not the sole contributor.“The current scores driving the markets in the direction of renting and reinvesting appear to be the results of higher mortgage rates, increase in returns, on average, in the stock market, and the cost of ownership, which includes your mortgage payment, taxes, insurance, maintenance, etc.,” Beracha said. “All of these costs are rising faster than the cost of renting a comparable property. Therefore, renters who take the money they’re saving each month and reinvest it are going to build wealth faster than those who buy a home, on average.”Not that renting itself will be exactly cheap—a recent study by RENTCafe found that millennials are paying an average of $100k in rent by age 30. That certainly suggests there are plenty of opportunities for savvy investors targeting sectors such as single-family rental. (You can click here to read a recent breakdown of the best markets for single-family rental investment.)Of course, plenty of consumers are eager to get out of the rental market, regardless of how the current market will impact long-term wealth creation. What should those borrowers keep in mind when it comes time to finding a home?“Don’t be afraid to walk away from a deal in which you are not comfortable with the price,” Johnson said. “Never buy because you are afraid that you will not be able to afford to buy later. This was the attitude that many took in 2007, resulting in market collapse.”Produced by Florida Atlantic University and Florida International University faculty, the BH&J Index is released two months after the end of every quarter. You can view a brief video about the Index below. Share Homebuyers Household Wealth rental investments Renters Single Family Rental Market 2018-06-11 David Wharton
After the Dodd-Frank Act passed and financial institutions became open to scrutiny under regulators, the question arose, does Dodd-Frank go far enough to make the regulators, such as the Bureau of Consumer Financial Protection crack down on enforcement? In an interview with Marketplace Radio host David Brancaccio, Chris Dodd and Barney Frank discussed how you can write a law, but you must also enforce a law. According to Frank, one half of the Act that bears his name, the Act “goes as far as you can.”“You can’t make anybody do something,” said Frank in the interview.According to Frank, there is only so much that can be done when it comes to enforcement.“I will say this though, even with the Trump administration, that bill is being administered much better than people might have thought, and the system is being run much more soundly and safely than it was before the bill was passed,” Frank added. “And the reason is that the powers are there and unless you’re a pretty irresponsible guy or woman, and you’re in charge of an agency, and it has the powers to do something — you’re going to be a little worried in the back of your mind that if you vigorously don’t use those powers and something goes wrong, you’re going to be in trouble.”Back in May, President Trump signed Senate Bill 2155, the Economic Growth, Regulatory Relief, and Consumer Protection Act, into law. The bill is designed to ease the burden on smaller banks by raising the threshold to $250 billion from $50 billion under which banks are deemed too important to the financial system to fail.Frank and Dodd both note that they are relatively unfazed by these reforms. During the initial discussion on the threshold, Frank states that “We both felt 100, 125 would have been OK. They went for 125. They went to 250. So there were maybe, I don’t know, a dozen banks.”Frank goes on to note that Signature Bank, the bank where he serves as a board member, has benefited from recent tax cuts, despite Frank’s own opinion on regulation.“I have been a strong proponent for the tough regulation, but the best thing that happened to the bank of which I am a board member in the past few years was the Trump tax cut, which benefited that bank,” said Frank.Find the complete interview here. in Daily Dose, Government, News Dodd-Frank Regulation BCFP 2018-09-21 Seth Welborn Dodd and Frank Discuss Legislation Enforcement Share September 21, 2018 582 Views
The 2019 Borrower Insights Survey from Ellie Mae found that even as borrowers are looking to engage with their lenders online, they are demanding more communication throughout the loan origination process. The survey noted that 50 percent of borrowers said they chose their lender based on whether they offered an online application or portal. Forty-seven of the respondents said that access to an online portal for uploading documents was a factor that influenced their decision. Majority of borrowers who were not offered online or electronic options from their lenders would have preferred those options, according to Ellie Mae. Fifty-four percent would have preferred an eClosing portal, while 44 percent would have preferred to use an online application.Among all borrowers surveyed—quicker time to close (66 percent), a simpler application process (61percent), and information more readily available (54percent)—were the top three reasons for preferring online application process. Borrowers are keen on finding more avenues for interaction and communication with their lender. The survey also noted that frequent communication across multiple channels between lenders and borrowers has increased by approximately 20 percent for those who took out loans within the last year when compared to borrowers who obtained their loan in the last three to five years. Having direct communication with lenders can be especially important to younger borrowers and for first-time mortgage applicants, as it harbors a sense of reassurance that the processes are on track in real-time, Ellie Mae pointed out. “As more Millennials enter the housing market, it will be imperative for lenders to prioritize the use of all available technologies, digital tools and communication channels to foster strong borrower relationships throughout each step of the loan lifecycle – from the moment they are interested, all the way through to closing,” said Joe Tyrrell, executive vice president of technology and corporate strategy for Ellie Mae. Tyrell also noted that “borrowers use an average of more than five different methods of communication throughout the origination process and it is up to the lenders to offer a customized approach for each individual borrower to best suit their unique needs.” Lenders: Don’t Forget the Human Factor in Daily Dose, Featured, Market Studies, News, Origination Borrower Insight Report Ellie Mae 2019-03-15 Donna Joseph March 15, 2019 1,294 Views Share
Etihad Airways offers are available for departures out of Sydney, Melbourne, Brisbane and Perth, on bookings until 6 October 2017, for travel from 1 February – 26 September 2018. Those wishing to take advantage of the airline’s stopover program can also book a two-night stay from a choice of over 60 participating hotels in Abu Dhabi, and receive the second night free. Business Class guests receive a complimentary night’s stay, while First Class guests receive two free nights. airlinesearlybirdsEtihad Airways
Wyndham Hotel Group has announced its second TRYP by Wyndham property in Australia – TRYP North Lakes – in Queensland’s Moreton Bay region, 25km north of Brisbane.The 138-room TRYP North Lakes will be part of the AUD$250 million, 1.7 hectare Laguna North Lakes development. Site works on the hotel are expected to begin in the fourth quarter of this year and it is slated to open by mid to late 2021. It will be managed by Resort Management by Wyndham, which currently operates multiple properties in Australia, including TRYP Fortitude Valley Hotel, Brisbane. TRYP by Wyndham hotels are infused with local spirit, allowing guests to immerse themselves in each destination’s individual culture and TRYP North Lakes will be no exception. Hotel guests will be able to utilise the unique amenities the Laguna development will offer, including a huge resort-style swimming pool, bar, restaurant, gym and health facility, and 5,000 square metres of curated fashion and retail stores and eateries. The hotel will also cater to business travellers using the largest function and events centre in northern Brisbane or working within the 10,500 square metres of A-grade commercial office space within Laguna North Lakes. BrisbanehotelsTRYP North LakesWydham Hotels “.. Laguna North Lakes has been designed to be a vibrant and active destination offering its visitors access to cafes, restaurants, events spaces, retail offerings and family friendly pool throughout the day and into the night. It is an ideal new location for TRYP as we expand into destinations travellers want to discover,” said Matt Taplin, Senior Vice President Hotel and Resort Operations & Property Development, Wyndham Hotel Group South East Asia and Pacific Rim.“TRYP North Lakes will have its own distinctive character and a vibrant, stylish allure that will attract guests from near and far to experience its contemporary take on hospitality,” he added.
Couples can save almost $8500 and add in a bonus night’s accommodation in Dublin on a new fly, stay and cruise package from Adventure Canada and Cruise Traveller that takes guests on a circumnavigation of the Emerald Isle.The new 12-night ‘Shamrock Express’ package includes an 11-night cruise circumnavigating Ireland aboard Adventure Canada’s 198-passenger, eco-friendly vessel, the Ocean Endeavour, and a free night’s accommodation in Dublin, pre-cruise. The discounted package also includes free flights from Sydney, Brisbane, Melbourne, Adelaide or Perth and free transfers, with total savings of $8490 per couple. Guests need to book through Cruise Traveller before 15 April, 2019.Departing Australia on June 7, 2019, the 11-night round-trip cruise departs Dublin on 9 June, 2019. The package is priced from $12,545 per person, including the discount when booked before 15 April, 2019. cruiseIrelandspecials
Rwanda, Nepal and Mongolia are the new expedition trips launched by Butterfield & Robinson for 2020.The new departures include immersive luxury experiences and, according to Brad Crockett, Director of Expeditions at B & R, have been curated to reflect the high expectations of B&R travellers and their zeal to Slow Down to See the World.“Our expert Trip Designers have again delivered in spades with exciting new experiences that afford guests the opportunity to connect with the people, culture and perspectives of these compelling countries.”For more information on all of B&R’s new and updated trips, visit butterfield.com luxuryMongoliaNepalRwanda