Home / Daily Dose / Natural Disaster Meets Digital Disruption Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago in Daily Dose, Featured, Investment, News, Print Features, Technology The Week Ahead: Nearing the Forbearance Exit 2 days ago Editor’s note: This feature originally appeared in the October issue of DS NewsLike many of you, I’ve been in the industry long enough to have survived the financial crisis and then some, so when I hear familiar phrases like “workflow automation” or “operational readiness,” it’s not the first time. However, amidst what may seem like a lull in financial recovery, our industry is absolutely on the cusp of digital disruption. We are also heading toward the third consecutive year for historic volumes of natural disaster.The intersection of these two “Ds”—disasters and digital disruption—creates the perfect springboard for improving response times and service through the automation of disaster recovery processes. Moreover, a digital disruption can be a catalyst for realizing similar benefits throughout your organization. The overall bottom-line opportunity can help offset shrinking resources and margins as well as provide improved transparency for your borrowers, industry partners, and investors alike.Creating an Opportunity Out of Disaster Recovery Our industry needs to understand and embrace disaster assistance, despite the disturbance, volatility, and resource constraints involved. Whatever the disaster, it is an opportunity to strategically service the borrower in ways that create long-standing customer loyalty and preference.There shouldn’t be a difference in how borrowers are treated at various stages of the loan lifecycle, especially during times of unforeseen disaster. When approaching or rethinking your disaster-recovery strategy, consider implementing technologies that can seamlessly take the customer from onboarding through each phase of servicing, including loss mitigation—with no gaps. Such capabilities are valuable for servicing in general but even more important when evaluating an uncontrollable event such as a natural disaster.Imagine taking a proactive approach that will move your organization away from not only reactively responding to the onset of borrower calls but through numerous changing programs and requirements for disaster-recovery assistance. Tapping automation that goes beyond basic rules, puts control and flexibility in the servicer’s hands, simultaneously supports change and urgency, and offers management transparency is not an impossibility. The opportunity exists and is available today.Minimize Risk While Managing Through DisasterAs any mortgage servicer will attest, managing through natural disaster events can wreak havoc on the cost of servicing. This is why today’s technology needs to help reduce risk for servicers, as well as their borrowers and investors, when a disaster occurs. The goal is to minimize expenses and add controls during events that can quickly go in the other direction if planning and proactive strategies are not in place.When planning your strategy, it’s important to look at all of the pieces of the process that need to come together when disaster strikes. Obviously, the phone rings first, but borrower support can last for many months as related issues, including delinquencies, accumulate. During this time, borrowers and investors are both looking for immediate and continuous communication from the servicer, who must also strive to reduce errors and response times.Events, timelines, program qualifications, and collateral damage can all come into play. By implementing a sophisticated workflow application, servicers are able to track, manage, and cure disaster related activities, improving scalability, maximizing resource utilization, and minimizing risk during a time of duress for all parties.Bringing Industry Participants TogetherAs tragic and tumultuous as disasters are, in general, they can also bring people together. In the case of mortgage servicers, putting the borrower and investor first in line can bring all parties closer to solving the shared challenges tied to disaster. Through automated workflow technologies, servicers are able to improve relationships with customers by providing quick, efficient, and flexible service. Investors want accurate and timely reporting, which can be accomplished through a similar approach.By leveraging emerging technologies that move beyond basic rule management, servicers can also maximize their utilization of data and AI, coupled with eligibility modeling and flexible reporting. This lift is immediately transferred to borrower and investor inquiries. The result is a combination of automation powered by communication, coupled with problem-solving capabilities that have the capacity to speed up the process and mitigate the overall potential on the bottom line.While there are any number of automated workflow technologies available to servicers, the best are those which have evolved with our industry through the entire post-financial crisis era. These solutions have migrated into increasingly sophisticated applications that leverage a complete suite of investor programs targeted to support loss mitigation, including disaster recovery strategies.A high-quality workflow technology provider should also be able to assist servicers in automating their strategic approaches to process administration, change management, risk control, and cost containment. Whether your team is dealing with borrower mobile communications managing insurance remittance for property repair, or the complex network of conflicting timelines, there are solutions on the market that are already configured to help address your needs. Partnering with such a provider can help you stay on the forefront of digital disruption with technology that derives flexibility from sophisticated data streams and AI, delivered through a user-friendly application that is mobile-ready.Bringing data disruption to disaster recovery reflects where our entire industry is headed. With emerging technology, we no longer have to treat event-based obstacles as a one-off, exception-handling juggling exercise. Embracing technology actually helps you put the customer at the forefront of your operation as well. Sophisticated automated workflow applications can bring all of these aspects to your organization in fairly short order.Workflow has changed, like everything else in our industry, so take your time and find a partner that understands both the value of your customer and the importance of your corporate culture. Simply checking boxes and implementing basic industry rules will not get the job done in today’s market. Mortgage servicers need innovative partners that understand the difference between business and success.The bottom line is that natural disasters do not need to create workflow disasters—nor should they. They offer a prime opportunity for servicers to enhance customer service and take a giant technological leap forward. The key is to capitalize on technologies emerging out of digital disruption to manage disaster recovery and win customer allegiance at the same time. By letting automation handle the ups and downs of disaster mitigation, as well as its complexities, servicers can create eternal customer loyalty. Previous: The Intersection of Mortgage and Fintech Next: REO Activity’s Ups and Downs Jane Mason is the Founder and CEO of Clarifire and the creator of the CLARIFIRE, a sophisticated, automated workflow engine that streamlines and integrates all of an organization’s business operations. Under Mason’s leadership, CLARIFIRE has won numerous awards over the years including one of Cloud’s Top 500 Applications Vendors for the past two consecutive years. She can be reached at [email protected] or on LinkedIn at LinkedIn.com/in/clarifire. Subscribe Demand Propels Home Prices Upward 2 days ago Disaster 2019-10-16 Seth Welborn October 16, 2019 1,244 Views Related Articles About Author: Jane Mason Share Save Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Natural Disaster Meets Digital Disruption Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: Disaster The Best Markets For Residential Property Investors 2 days ago Print This Post
Sep 20, 2006 (CIDRAP News) – Roche announced last week that its United States supply chain for oseltamivir (Tamiflu), used to treat avian influenza and seasonal flu patients, is fully operational, meaning all aspects of its production are based on US soil.The company said it now has the capability to produce 80 million treatment courses of the drug annually in the United States, which is stockpiling oseltamivir as part of efforts to prepare for a flu pandemic.The US Department of Health and Human Services (HHS) had asked Roche to establish a system that involves US sources for all phases of osteltamivir production, from synthesizing shikimic acid, the starting material, to packaging the medication, the company said in a news release.”The ability to produce Tamiflu from start to finish on US soil is a significant milestone that will help ensure access to Tamiflu when and where it is needed,” said George Abercrombie, president and chief executive officer for Hoffman-La Roche, Inc., the company’s US pharmaceutical division.The company said HHS has ordered 21.3 million treatment courses of oseltamivir for the Strategic National Stockpile, all of which will be delivered by the end of this year. Marc Wolfson, a spokesman for the HHS Office of Public Health Emergency Preparedness in Washington, DC, verified that information for CIDRAP News.The long-term goal for the stockpile is 81 million courses by the end of 2008, according to Wolfson and Roche. Of that total, HHS says it will buy 50 million courses and will provide a 25% subsidy for states to purchase another 31 million courses.Roche says that with its own manufacturing network and 16 external contractors, it has more than enough capacity to meet the osteltamivir orders from 75 countries that are stockpiling the drug. Global annual production capacity will reach 400 million treatment courses by the end of this year, the company said.Approved for prevention and treatment of influenza in adults and children 1 year and older, osteltamivir is intended to treat influenza viruses in all clinical settings. It has been shown to be active against the H5N1 virus in the laboratory and in animals that are infected with an H5N1 avian flu strain taken from humans, according to Roche.See also:Sep 14 Roche press releasehttp://www.roche.com/med-cor-2006-09-14
A year ago, I had the honor of being a small part of the dice when launching an online travel portal – The Plitvice Times.In a conversation with one of the initiators of the portal Ante Fumić a year ago, before launching the project, it was clear that he and the entire team from the project has a clear goal and desire – to promote Lika and its surroundings through tourism to as many visitors from Croatia, especially abroad learned about the amazing tourist stories provided by Lika. A great idea and project was my reaction and advice that the portal has great growth potential, especially because it is about foreigners as a target group of readers, and is not dependent on the Croatian market. “Plitvice and Lika definitely need such a portal. Go and try, you have nothing to lose. Go ahead bravely “One hundred questions in my head, as with any new business venture, but most importantly the whole team had the courage, believed in the project, passion and ultimately a clear vision. But the most important thing is that they have started, how many projects fail because they are waiting for the “right” moment and do not even take the first step, because it is one idea and quite another to implement the idea on the market. “We’ve been working on the project for over half a year and now the magazine is finally out. It is constantly said that Plitvice, and especially the whole of Lika, are not active enough in promotion on foreign markets, so an entrepreneurial initiative was born and we have now turned the idea into reality as the only English media in the area that exclusively targets foreign markets.”Said Ante Fumić, when launching the portal a year ago.Day by day, The Plitvice Times project positioned itself excellently on the media scene, knocking out the first perfume as an authentic and unique souvenir. Yes, a perfume, and not just any perfume, but a premium perfume based on orchids, moss and plums that grow in the Plitvice area. The goal is to reach a million visits, we are waiting for that goal to be fulfilled. Step by step, day by day, the Plitvice Times portal will be, in fact already, the first place for all tourist information about Plitvice, Lika and the surrounding area in English.Today, the whole project has gone a step further, and the first printed edition has been presented travel magazine The Plitvice Times.The tourist magazine is the only one of its kind in the wider area of Plitvice and its goal is to interest many tourists who visit the wider area of Plitvice every day with the interesting content of the surrounding destinations. “The Plitvice Times, is the first and only tourist magazine that covers this area, and is intended primarily for many foreign tourists who come here, but also for all potential visitors who are just planning their trip, because it will come to life on the online platform. The goal is to present to the readers all the beauties and experiences of this area and to interest them to stay longer in Plitvice.”Point out the editorial board of the tourist magazine The Plitvice Times.The first printed edition brings fresh information, many interesting stories, beautiful photos and personal experiences, so you can read articles about the abandoned air base Željava, the castle in Ozalj, an active vacation at the foot of Plješivica, an emotional story from Rastoke, but also little-known facts about orchids and a perfume created in honor of that valuable plant. ”“Humans of Plitvice ”is a category in which tourists who enjoy their touring experiences are prominent, and local people from the Plitvice area are not forgotten, so this time you will find the story of Tamara, a travel blogger who travels to the world from Plitvice. You can also find out the connection between the planetarily popular Oprah Winfrey and Plitvice, as well as why Italian Vogue chose this place for its special photoshoot. “They conclude in their statement.Otherwise, the magazine will be published according to the seasons, and the next issue is expected in January 2019. Of course, it is important to emphasize that the portal and the magazine are exclusively in English, and it is planned to start with other languages, especially Chinese.We need such entrepreneurs and ambassadors of Croatian tourismBut to get back to the beginning of the story again, the team behind the whole project bravely set off, they didn’t wait for the right moment because it’s never there, the right moment is always now. They set out to test the idea in the market and see how the whole project would develop. And that is a very important entrepreneurial message. Just get going, even though the project fails, you tried, you did your best, but you didn’t sit in the safety of your couch and whine on Facebook. Trust me, if the project ends ingloriously, you will learn a lot, mostly so far and meet some new people as well as open some new doors.And again, going to the print edition of a magazine in Croatia is crazy for most, both because of the high production costs and the chaos on the media scene, not to mention future potential sponsors to make the whole project financially worthwhile.Be like the team from The Plitvice Times. The right moment is now. Go and set clear goals, not desires. It’s one thing to want something, it’s another when you set clear goals for yourself.What is your new travel story?Related news:“THE PLITVICE TIMES” – THE FIRST TOURIST MAGAZINE IN ENGLISH LANGUAGE PROMOTING STORIES FROM ALL OVER THE CHARACTERPLITVICE GOT ITS PREMIUM PERFUME AS A TOURIST AUTHENTIC SOUVENIR
The Black Stars Brazil 2014 budget has been chanced upon by our sources and it reveals the details of the budget for the mundial which begins in June.Participation fee $1.7mQualification bonus preliminary stages $1.8mQualification bonus 1/16 stage $837,000Quarter finals $1mSemi finals $1.2m Third-place $1.4mFinals $1.6mDETAILS…Boarding and lodging of other officials: $750/Day for 35 days = $131,000Laundry $30,000 Per diem/Allowance for 33 (Players and technical team) $115,00022 other officials $150/Day for 35 days $115,000Medicals $50,000Protocol $150,000Foodstuff $10,000 Complimentary ticket for players and technical handlers @1/16 Stage = $18,000Accountable Impress for 4 scouts for travels, accommodation/meals – $30,000 each = $120,000Honoraria for 4: Media Officer, Protocol Officer, Extra Doctor, Extra Physiotherapist $12,632 each*4= $50,528Honoraria for team: two National Security Officers, two caterers and drummer @ $5,263 each = $26,315Honoraria for 4 scouts and 1 therapist @ $10,526 each = $ 52,630 Honoraria for two backroom staff $12,632Bonuses -$15,789 per player at preliminary stageHead coach $31,578Bonus for 7 management team members (Prelims) = A bonus of a player for three matches ( 7 X $15,782 X THREE) = $331,000Bonus for 7 management members at 1/16 Stage (7 X $21,000) = $147,000 Bonus for 7 management members @ quarter final stage $184,000Bonus for 7 management members @ semi finals stage $221,000Bonus for 7 management members @ finals $257,000Bonus for 23 players 2 assistant coaches, 1 physio, 1 psychologist $15,000/each @ preliminary stagePlayer bonus @ 1/16 stage- $484,000 for 23 ($21,000/player) Player bonus @ quarter final stage – $26,000/player (X 23) = $598,000Bonus for head coach @ quarter final stage $52,000Bonus for match analyst, welfare, masseur, kits manager $18,000 each @ 1/16 stage – $72,000NB: According to the spokesperson, GFA does not know the details of the approved budget so can’t speak on the figures.Just hoping probably after the World Cup, the ‘state secret’ as termed by the GFA Spokesman will tell us otherwise when the account is being rendered.