Natural Disaster Meets Digital Disruption

first_imgHome / 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 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 Masoncenter_img 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 Postlast_img read more

Beck Announces Red Rocks Date With Preservation Hall Jazz Band

first_imgThis July, Beck will be headed to Morrison, Colorado, to play the legendary Red Rocks Amphitheater. New Orleans’ Preservation Hall Jazz Band will join Beck on July 11th for support, making for an exciting and a bit eclectic bill. Tickets for the show go on-sale April 14th, at 10 A.M. (MST) on Friday morning here.Additionally, PJHB shared a live video earlier today of “Santiago” from their upcoming album So It Is. You can watch “Santiago” performed live at One Eyed Jacks below:So It Is is due out April 21 via Legacy Recordings. The record will mark the septet’s second release and will feature all-new original music, inspired by their 2015 life-changing trip to Cuba.Bandleader/composer/bassist Ben Jaffe details the influence in this statement, “In Cuba, all of a sudden we were face to face with our musical counterparts. There’s been a connection between Cuba and New Orleans since day one – we’re family. A gigantic light bulb went off and we realized that New Orleans music is not just a thing by itself; it’s part of something much bigger. It was almost like having a religious epiphany.”The music on So It Is, penned largely by Jaffe and 84 year-old saxophonist Charlie Gabriel in collaboration with the entire PHJB, stirs together that variety of influences like classic New Orleans cuisine. Longtime members Jaffe, Gabriel, Clint Maedgen and Ronell Johnson have been joined over the past 18 months by Walter Harris, Branden Lewis and Kyle Roussel, and the new blood has hastened the journey into new musical territory.Inspired by that journey and reinvigorated by the post-Katrina rebuilding of their beloved home city, PHJB are redefining what New Orleans music means in 2017 by tapping into a sonic continuum that stretches back to the city’s Afro-Cuban roots, through its common ancestry with the Afrobeat of Fela Kuti and the Fire Music of Pharoah Sanders and John Coltrane, and forward to cutting-edge artists with whom the PHJB have shared festival stages from Coachella to Newport, including legends like Stevie Wonder, Elvis Costello and the Grateful Dead and modern giants like My Morning Jacket, Arcade Fire and the Black Keys.So It Is Tracklist:1. So It Is2. Santiago3. Innocence4. La Malanga5. Convergence6. One Hundred Fires7. MadPreservation Hall Jazz Band Tour Dates:4/13 – Solana Beach, CA – Belly Up Tavern4/14 – Indio, CA – Coachella Music Festival4/15 – Pittsburg, CA – California Theater4/17 – Seattle, WA – Neptune Theatre4/18 – Portland, OR – Aladdin Theater4/20 – Los Angeles, CA – Largo at the Coronet4/21 – Indio, CA – Coachella Music Festival4/23 – Asbury Park, NJ – Paramount Theatre4/25 – New York, NY – Highline Ballroom5/7 – New Orleans, LA – New Orleans Jazz & Heritage Festival6/3 – 6/4 – San Francisco, CA – Colossal Clusterfest6/9 – Manchester, TN – Bonnaroo6/24 – Pasadena, CA – Arroyo Seco6/30-7/2 – Rothbury, MI – Electric Forest7/28 – 7-29 – Camden, NJ – Xponential Music Festival7/11 – Morrison, CO – Red Rocks Amphitheatre w/ Beck8/5 – Kaslo, BC – Kaslo Jazz Festivallast_img read more

Would you design your own dream home plot if you could?

first_img Homeowners could save thousands switching to better mortgages now MORE: Cattle station sold for massive $35m via online auction “A larger lot gave us the opportunity to build the perfect home in a community right on the water with everything you need on your doorstep.“There is no other place like Newport – to have access to the canals, the lake and to be able to hop on your boat and be in Moreton Bay within minutes is a huge opportunity.” LATEST QLD REAL ESTATE NEWS Waterfront buyers were able to amalgamate blocks to get their dream home right at Stockland Newport.Land buyers in a development in Brisbane’s north have been able to design their own block of land on which to build their dream home.Buyers in Stockland’s Newport project on Brisbane’s Redcliffe Peninsula were able to choose the size of their block under the developer’s new ‘Design Your Lot’ program. Prices are based on the number of square metres acquired.center_img Auction set for epic Gold Coast mansion once listed for $45m Stockland Newport under development in Brisbane’s north.With more than 3,500 sqm of the development facing a 22-hectare lake, buyers had the option of a private mooring and could tweak the size of their water frontage.Stockland senior development manager Blair Britton said Newport’s ‘Design Your Lot’ was created in response to customer demand. “We have had a huge increase in demand for wider block sizes that allow people to build a bigger home and also incorporate a bigger yard, swimming pool, fire pit or space to store a caravan or boat.”He said the program was a first for Stockland and put buyers in the driver’s seat, allowing them to customise their lot to a home design and lifestyle they want to build. Buyer Shane Newcombe said his goal was a large home when he amalgamated his site at Stockland Newport.“While the Design Your Lot promotion is now closed, Newport continues to offer a range of land options, including lakefront blocks, with private moorings, that can be amalgamated for those wanting wider frontage.”More from newsParks and wildlife the new lust-haves post coronavirus8 hours agoNoosa’s best beachfront penthouse is about to hit the market8 hours agoShane Newcombe, who amalgamated his site in Stockland Newport, said his goal was to have enough space to build a large home. “We really wanted to build a big family home, but there weren’t any large blocks available to suit the home we’d already designed. After a lot of searching, we decided to amalgamate two lots in Stockland Newport. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58last_img read more