Tag Archives: Funding

iPredator Inc. Announces Mission to Safe Seed Funding for Web Security Campaign

Posted on by


Hudson Valley, New York (PRWEB) June 27, 2013

iPredator Inc. was founded to provide educational and advisory goods &amp services to customers and organizations on cyberbullying, cyber harassment, cyberstalking, online sexual predation, cybercrime, cyber terrorism, internet defamation and the new field they are pioneering named Data Age Forensics.

&#13

Owned and operated by a New York State licensed psychologist and certified forensic consultant, Michael Nuccitelli Psy.D., C.F.C., their aim is to lessen victimization, theft and disparagement from on the internet assailants. Dr. Nuccitelli has created exclusive products &amp solutions, which will be important to all net users and lucrative to an investor(s) or corporate entity.

&#13

iPredator Inc. is in search of seed funding or corporate partnership to establish marketability, operating expenditures, speedy revenue development and to accelerate their corporate mission. Primarily based on his comprehensive industry research, Dr. Nuccitelli has concluded his products and solutions will be lucrative to a reliable corporate entity or investor.

&#13

In addition to possessing spent hundreds of hours devoted to learning the psychological compositions and profiles of these engaged in nefarious and malevolent on the internet activities, the largest expert forensic organization in the world, American College of Forensic Examiners Institute, has formally announced their assistance of iPredator Inc.s Initiatives.

&#13

To confirm their help, please click on the hyperlink following hyperlink: ACFEI Endorses Predator Inc. Dr. Nuccitelli has a complete company strategy accessible upon request for interested parties. Offered is a brief overview of his strategies for a corporate entity and investor(s).

&#13

A. Dr. Nuccitelli has developed a trigger marketing and advertising, content material marketing, affinity marketing &amp advertising technique for a corporate entity to industry their goods &amp solutions by means of a social cause-advertising model. Given Dr. Nuccitelli has educational, forensic, clinical, marketing and media experience in the field of Forensic Psychology and Details Age Psychology, he is receptive to becoming a consultant or employed administrator for a trustworthy company sharing similar objectives regarding ICT public safety, awareness and education.

&#13

As a consultant or employed administrator, Dr. Nuccitelli will make certain his social lead to advertising and marketing approach is coordinated and implemented efficiently to maximize profit and/or target marketplace penetration. The economic and consumer loyalty benefits will be advantageous to the host company combined with supplying the nation a significantly-needed service. Dr. Nuccitelli has developed and designed a stratagem for immediate implementation utilizing iPredator and the advantages of social result in advertising and marketing methodologies.

&#13

B. The second option is to safe seed funding to launch and market his site, products, services and very first book. After completion of his competitive evaluation in June 2013, Dr. Nuccitelli did not locate products &amp services similar to what he has made. Confident of generating considerable income, Dr. Nuccitelli will also initiate a nationally sustained education and prevention campaign with the help of professional &amp activist organizations, public figures and community leaders.

&#13

Dr. Nuccitelli has developed inventive marketing and advertising strategies, confirmed nationally syndicated tv alliances and constructed a theoretical framework recognized by the American College of Forensic Examiners Institute as both cogent and complete. Seed funding investor(s) may possibly pick to be passive or active in their roles. Dr. Nuccitelli is very receptive and hopeful to find investors interested in becoming an integral member of their mission and corporate functioning. At the center of all iPredator Inc. products &amp solutions is Dr. Nuccitellis Info Age Forensics construct, iPredator. A brief definition of iPredator is as follows:

&#13

iPredator: A particular person, group or nation who, straight or indirectly, engages in exploitation, victimization, coercion, stalking, theft or disparagement of other individuals making use of Details and Communications Technology (ICT). iPredators are driven by deviant fantasies, desires for energy and control, retribution, religious fanaticism, political reprisal, psychiatric illness, perceptual distortions, peer acceptance or personal and economic acquire. Regardless of whether the offender is a cyberbully, cyberstalker, cyber harasser, cyber criminal, on-line sexual predator, cyber terrorist or engaged in internet defamation or nefarious cyber deception, they fall within the scope of iPredator.

&#13

As stated, Dr. Nuccitelli has developed a complete Company strategy and seed funding proposal available upon request and iPredator Inc.s Executive Summary is obtainable for evaluation and download by clicking on the link that follows: iPredator Inc. Executive Summary

&#13

About iPredator Inc.

&#13

iPredator Inc. is a New York State primarily based Details Age Forensics Firm founded to provide educational and advisory items &amp services to customers and organizations on cyberbullying, cyber harassment, cyberstalking, cybercrime, world wide web defamation, cyber terrorism, on the web sexual predation and the new field the founder is pioneering termed, Info Age Forensics. Developed by a NYS licensed psychologist and certified forensic consultant, Michael Nuccitelli Psy.D., C.F.C., their aim is to minimize victimization, theft, harm and disparagement from online assailants.

&#13

Make contact with:

G-Code Magazine Launches Funding Initiative For New Entrepreneurs

Posted on by


Naples, FL (PRWEB) June 27, 2013

New online publication G-Code Magazine, a Christian entrepreneur magazine that just went live in June 2013 has announced it is actively entertaining possibilities to fund new startups and business ventures.

&#13

Even although the Tiny Organization Association invested heavily in promoting the 50th official National Small Enterprise Week, which culminated with the award ceremony in Washington D.C. on June 21st, many entrepreneurs nonetheless find access to capital holding them back.

&#13

According to a survey of venture capitalists by the National Venture Capital Association (NVCA) and Dow Jones Venture Source, 47% of respondents replied that they anticipated fundraising would decrease in 2013. The NVCA Q1 2013 survey also shows a contraction of 14% in the number of funds raising capital in the initial quarter of this year compared to the end of 2012.

&#13

The most recent round of information from the SBA also shows fewer tiny organization loans being created in 2013 than 2011. Loans for new startups are much less than half of the number getting offered to existing companies, and a miserly 17,762 loans were created for $ 150,000 or beneath as of June 21st, 2013.

&#13

This shows that there continues to be a massive disparity in funding and loans offered for existing modest firms and young organizations with some sort of track record versus totally new ventures and seed funds for brand new startups.

&#13

These are not the sorts of investments banks or even the U.S. Modest Enterprise Administration (SBA) appears to have a huge appetite for correct now. Yet, is exactly exactly where G-Code Magazine intends to step in and make a huge distinction.

&#13

Although it is nevertheless an early stage venture itself the socially minded magazines website states that in addition to giving back ten% of earnings to charitable initiatives, it will also invest ten% of its profits in brand new startups and supplying seed cash for new enterprise suggestions. G-Codes founders say they hope that this will exceed $ two million in venture capital or 100 new startups by the finish of 2014.

&#13

Of course savvy entrepreneurs know that they need more than just cold challenging cash to make sure the good results of their new ventures. This is exactly where new entrepreneurs may discover this publication and on the internet portal even a lot more beneficial as G-Code appears to position itself more as an online accelerator than simply one more conglomeration of business advice and marketing ideas.

&#13

To date featured articles have integrated some quite substantial details on crowdfunding, how to produce winning executive summaries, as properly as thrilling interviews giving the inside scoop on how other folks little company owners have made it with distinctive branding and social media techniques.

&#13

In truth, even even though just launched the magazine has currently received interest from several high profile marketers and CEOs including quantity one particular Inc. 500 ranked Fortune Builders and host of the quantity 1 genuine estate investing podcast on iTunes.

&#13

When interviewed on the launch spokesman for G-Code, Tim Houghten stated its all about inspiring and actually empowering entrepreneurs to start and develop extremely productive and ethical organizations that are a lot more focused on excellence than scraping each cent they can at the consumers expense. In reality, his unofficial motto seems to be How can we aid you develop your business?

&#13

Tim Houghten got into publishing complete time following 12 years in company improvement. His resume shows becoming involved with many multi-billion true estate related firms like MoneyCorp., an international private equity firm, and not too long ago as a columnist that helped take Marketplace Leader and RealEstate.com by way of to its $ 355 million acquisition by Trulia.

&#13

Co-founder Craig Murphy, whose background is as the commercial director for 1 of the U.K.s largest house builders says he was inspired by the opportunity to really have a tangible impact on fueling a new generation of organizations that were far more focused on performing great rather than just revenues.

&#13

Browsing the magazine, even although nevertheless in reside testing stage undoubtedly unveils a refreshing strategy to high value content with no punches pulled. This is in fantastic contrast to the blandness and endless recycled copy that has brought on the downfall of so numerous other brands and stalling their development and net traffic.

&#13

Supplying the publisher continues with this high impact and hard hitting editorial style G-CodeMagazine.com and publications like it could effectively grow to be a significant, good influence that are in a position to finance and inspire a new generation of startups.

&#13

Aspiring entrepreneurs that have a business thought theyd like to get funded will discover additional details on the website at http://g-codemagazine.com.

&#13

For additional comments and interviews get in touch with G-Code Magazines co-founder Mr. Houghten at Information@G-CodeMagazine.com.

&#13
&#13
&#13
&#13
&#13

Associated Administrator Press Releases

New American Funding Says Banks Placing Rising Value on FICO Scores

Posted on by


(PRWEB) April 13, 2009

Considering that the early 1990s, a FICO score has been a common component of home lending decisions in the United States. Throughout the time of rising house values in the new millennium, the score became less important, as the rise in values served to get several borrowers out of difficulty with payment obligations. Now that home values have come crashing down, banks are as soon as once more putting an enhanced value on FICO scores as a figuring out element for lending choices, says Rick Arvielo, president of New American Funding, a fully delegated FHA lender that performs distressed borrowers via effective write-down negotiations and loan modification activities.

&#13

You want only glance at the statistics to see that the odds of a borrower becoming delinquent on his or her mortgage go up a lot more than 100 occasions from a sub-600 FICO score to a 700-plus score. That is massive! Now the banks are hunting at this data with renewed interest, Arvielo says.

&#13

Even with the help of the Federal Housing Administration — which essentially doesnt acknowledge FICO — major lenders are just refusing to accept borrowers with sub-600 FICO scores, making FHAs want to give financing to these who may otherwise qualify irrelevant.

&#13

I uncover myself puzzled by the telegraphing being accomplished by the industry, which suggests a borrower need to have be in default just before he or she can receive attention from loss mitigation and default prevention possibilities, provided the fact that performing so will destroy your probabilities for a new loan as your all-important FICO will be adversely impaired, Arvielo says. Fannie Maes personal guidance suggests At least two complete monthly payments of principal and interest (P&ampI), taxes, and insurance (or P&ampI only if taxes and insurance are not escrowed) are due and unpaid before a homeowner qualifies for support.

&#13

With all of this taken into account, the outcome is a landscape where an person will likely need to have to destroy his or her credit worthiness in order to receive the interest price reprieve some most desperately want, regardless of intent. That is really a shame!

&#13

FICO credit bureau danger scores are accessible at all 3 main US credit reporting agencies — BEACONsm at Equifax, EMPIRICA

By Special Invitation, Team One particular Funding LLC Has Been Invited to Join the Better Company Bureau

Posted on by

Phoenix, AZ (PRWEB) August 13, 2006

By unique invitation, Team One Funding has been invited to turn into a member of the Greater Enterprise Bureau and joined the BBBOnline Reliability Program. Team One Funding is a Phoenix primarily based Mortgage Brokerage that originates loans nationwide. By joining the Much better Company Bureau, customers will know that Group 1 Funding adheres to the highest requirements of ethical enterprise practices.

&#13

“Becoming asked to join the Greater Business Bureau just before the essential 1-year in organization time period signifies so significantly to us as a company,” stated Brian Miller, Chief Executive Officer at Team One Funding. “This will show customers our dedication to ethics, integrity, synergy and reliability.”

&#13

According to the Better Organization Bureau website, “The BBB listed the leading 10 industries that folks inquired about and the mortgage sector was number one particular”. In order to grow to be a member of the BBBOnline Reliability System and use the BBBOnline seal, a organization must meet the following criteria:

&#13

&#13
Provide the BBB with information concerning ownership and management and the street address and phone quantity at which they do business&#13
&#13
Be in organization a minimum of a single year&#13
&#13
Have a satisfactory complaint handling record with the BBB&#13
&#13
Agree to participate in the BBB’s marketing self-regulation system, and right or withdraw online marketing when challenged by the BBB&#13
&#13
Agree to abide by the BBB Code of On the web Enterprise Practices, and to cooperate with any BBB request for modification of a internet site to bring it into accordance with the Code&#13
&#13
Respond promptly to all consumer complaints&#13
&#13
Agree to dispute resolution, at the consumer’s request, for unresolved disputes involving customer merchandise or solutions.&#13

We really feel strongly that in an sector where so numerous States only demand an individual to hang a sign on their door in order to turn out to be a mortgage broker, we can only separate ourselves from the competition by strongly adhering to the highest of ethical requirements in all locations of organization, and by adhering strongly to all State Banking Guidelines and Regulations as they relate to our business, mentioned Shawn Crane, Chief Operating Officer at Group A single Funding.

&#13

About Group A single Funding

&#13

Group A single Funding is a nationwide mortgage firm that assists people safe a new residence loan, with a specific emphasis on those people with much less than best credit. Founded in 2005, Group A single Funding employs only the most experienced mortgage professionals with one clear mission, to match a square peg into a round hole, in other words, Team One particular Funding finds a way to support property owners with significantly less than excellent credit get a fresh begin on their finances by way of versatile, inexpensive mortgage options.

&#13

To date Team One particular Funding has helped numerous home owners reduced their mortgage rate and payment, consolidate debt and get cash, and acquire their initial house. Our streamlined process indicates youll operate begin to finish with one particular dedicated loan specialist who completely understands your monetary requirements and goals. http://www.TeamOneFunding.com &#13

&#13

About Greater Organization Bureau

&#13

The Better Company Bureau promotes and fosters the highest ethical connection among firms and the public by way of voluntary self-regulation, customer and company education, and service excellence. It is devoted to fostering fair and honest relationships in between firms and consumers, instilling consumer self-confidence and contributing to an ethical organization atmosphere. http://www.BBB.org&#13

&#13

Shawn Crane

&#13

Phone: 888-241-Team (8326)

&#13

###

&#13

Discover A lot more Loan Modification Services Press Releases

Addvent Funding Wants to Dispell the Myths About Bank of America’s New Principal Reduction Program and What it Truly Entails

Posted on by

Tampa, FL (PRWEB) April 1, 2010

Addvent Funding LLC of Tampa Florida has released, as of April 1st, an updated version of their Principal Reduction Plan, which however can be misunderstood as a really related system to the a single Bank of America has produced public as of March 24th. There are even so, several misconceptions regarding the coverage of BofA’s recent announcement of a principal reduction initiative, particularly its relationship to the Home Affordable Modification System (HAMP). This confusion also extends to the Treasurys Friday announcement. There are extremely handful of firms that in fact supply a true way to decrease your principal balance and Addvent Funding is one of a really really modest few. Never be misconstrued by clever wordsmithing from Bank of America’s legal department, they are virtually being forced to do what they are covering up as a ‘new initiative’.

&#13

The BofAs plan at concern is a response to an $ eight.6 billion dollar settlement with regards to a quite distinct set of loans inherited by way of BofAs 2008 acquisition of Countrywide, not a meaningful answer to the core issue of negative equity in residential genuine estate. (1)

&#13

This specific missing context is disappointing, but the greatest concern relating to the coverage of this BofA program” is the conflation with genuine HAMP initiatives (both current and in-improvement) that seek to address the ongoing crisis and give support to the millions of underwater property owners. In spite of their (apparently effective) spin, the system announced by Bank of America is not such a approach it is simply a stipulation from an out-of-court settlement agreement.

&#13

Additionally, the announcement by the Treasury Department is also being widely and inaccurately linked with Bank of Americas press release March 24th. Whilst the Treasury is rightly focusing on options aimed to help these in the most dire of situations, these initiatives do not address the millions of homeowners that are functioning difficult to make payments on a loan that overvalues their residence by up to 50%.

&#13

While every person can hope that the Treasurys effort to encourage bank reductions in principal loan balances for struggling homeowners is effective, there is evidence to suggest widespread acceptance and implementation of this approach may possibly be challenging to receive. (two)

&#13

In the case of a homeowner that is both able to make month-to-month payments and owes considerably far more than the house is worth, lenders will contemplate principal reduction only when acceptance of a principal reduction addresses the main issues of the lender capitalization requirements, liability reduction, and risk aversion.

&#13

New Principal Reduction Applications (PRP) are emerging that can support homeowners otherwise ignored. Addvent Funding LLC is one example of a new economic organization that assists responsible home owners facing severe declines in house value via no fault of their personal to negotiate significant principal reductions down to existing market place values.

&#13

In the current climate, lenders such as Bank of America are mainly concerned with asset valuation, danger reduction / avoidance, and capitalization specifications. In order for a lender to accept a principal reduction on an asset they personal, the terms of the principal reduction have to favorably address these issues. Addvent Funding LLC and its affiliates understand these motivating factors, and structure meaningful options in conjunction with lenders making use of leverage created by way of portfolio negotiation. (three)

&#13

For further information of Addvent Funding LLC, please make contact with Mr. Zack Larson.

&#13

(1) The lawsuit contends that roughly 45,000 Alternative ARM loans issued by Countrywide have been predatory in nature which means the lender, broker and/or economic advisor charged with fully disclosing the risks and obligations linked with this sort of loan failed to adequately do so, to the detriment of the borrower. Bank of America agreed to an out-of-court settlement of $ 8.6 billion dollars directed to address this certain group of loans. Bank of Americas principal reduction announcement is a distinct situation of that settlement.

&#13

See – http://www.law.com/jsp/report.jsp?id=1202446753100

&#13

(two) The Treasury Departments strategy does not address specific fundamental elements of the housing crisis, such as the following: For a lot of homeowners, reduction in principal and/or interest price does not necessarily equate to decreased monthly payments if that homeowner has been generating an interest only or minimum payment. In this case, the modification might not address the basic issue of monthly payment reduction, as a result failing to substantially minimize foreclosure danger.

&#13

When calculating the 31% debt to earnings threshold, usually second mortgage payment obligations are not integrated in the equation. Consequently, the affordability of these solutions can be somewhat misleading.

&#13

This is the second try by the Treasury Department to incentivize the lenders to minimize principal balances for struggling property owners. Lenders have primarily demonstrated an unwillingness to give principal reductions that would lessen the loan amount to the existing market place worth of the house. Alternatively, the principal reduction supplies short-term payment relief, but does not re-equify the borrower, meaning they nonetheless owe far more than the property is presently worth. The outcome is continued anxiety on the lenders balance sheet, and the genuine danger of an individual walking away from a mortgage alternatively of paying more for a residence than it is worth, even if they now can afford the payment.

&#13

(3) http://addventfunding.com/&#13

Addvent Funding, LLC

&#13

###

&#13
&#13
&#13
&#13
&#13

Partnering with Addvent Funding, a Provider of Motgage Principal Reductions, Can Be Much more Advantageous then Working with a Loan Modification Organization

Posted on by

Tampa, FL (PRWEB) April 26, 2010

The most current housing statistics indicate loan modification could not be adequate a principal reduction could be the only answer to address anticipated increase in foreclosures. Addvent Funding publishes present housing market statistics, hoping to educate current property owners on what actions they can take to reclaim lost equity.

&#13

The most current statistics released about loan modification and unfavorable equity indicate lenders may possibly want to speedily re-consider their refusal to provide mortgage principal reductions if they want to avoid monumental and systemic foreclosure prices.

&#13

According to the OCC and OTS Mortgage Metrics Report for Q4 2009, here are the sobering details about the relative ineffectiveness of loan modification hence far:&#13

&#13
The report covers practically 34 million loans totaling almost $ six trillion in principal balances and gives data on their functionality via the finish of the fourth quarter of 2009 (December 31, 2009).&#13

All round mortgage efficiency declined for the seventh consecutive quarter, with the percentage of current and performing mortgages falling to 86.four % at the end of the fourth quarter of 2009.&#13

This decline is attributable to the 21.1 percent improve in mortgages 90 or much more days past due to 4.7 % of all mortgages in the portfolio at the end of 2009. The increase in seriously delinquent mortgages was most pronounced among prime borrowers, where the quantity of seriously delinquent mortgages improved by 16.five % throughout the fourth quarter.&#13

all round re-default prices remained high with more than half of all modifications falling 60 or much more days past due by 9 months right after modification, and more than half of all modifications have been 90 or much more days past due by 12 months following modification. Nearly 40 percent of modifications that had lowered month-to-month principal and interest payments by much more than 20 percent have been 60 or much more days previous due 12 months soon after modification.

Even though loan modification is the hot subject among members of the federal government and the common media, statistics show the most substantial aspect contributing to the depressed housing marketplace is the overwhelming presence of negative equity. Adverse equity is a term that describes the situation when a homeowner owes a lot more in debt on their house than the present market value of the house. The difference in between what is owed and the worth of the home is referred to as negative equity.

&#13

Negative equity impacts 1 in four homeowners with a mortgage in our country according to information compiled by 1st American Core Logic and published on February 23rd 2010. Right here are some far more statistics from the 1st American Core Logic report that speak to the depth and severity of adverse equity:

&#13

Initial American CoreLogic reported nowadays that more than 11.3 million, or 24 %, of all residential properties with mortgages, were in unfavorable equity at the end of the fourth quarter of 2009, up from ten.7 million and 23 % at the end of the third quarter of 2009.&#13

An added 2.three million mortgages had been approaching negative equity at the finish of last year, which means they had much less than 5 percent equity. With each other, unfavorable equity and near-damaging equity mortgages accounted for almost 29 % of all residential properties with a mortgage nationwide.&#13

The net enhance in the number of unfavorable equity borrowers in Q4 2009 was 620,000&#13

The rise in negative equity is closely tied to increases in pre-foreclosure activity and is a main issue in altering homeowners default behavior. Once unfavorable equity exceeds 25 %, or the mortgage balance is $ 70,000 higher than the present home values, owners begin to default with the same propensity as investors.&#13

The aggregate dollar value of unfavorable equity was $ 801 billion, up $ 55 billion from $ 746 billion in Q3 2009. The average negative equity for an underwater borrower in Q4 was $ 70,700, up from $ 69,700 in Q3 2009. The segment of borrowers that are 25 percent or more in negative equity account for over $ 660 billion in aggregate adverse equity.

And this quote from Mark Fleming, chief economist with FA Core Logic, sums up what to anticipate for the close to future:

&#13

“Negative equity is a significant drag on both the housing market and on financial growth. It is driving foreclosures and decreasing mobility for millions of homeowners. Since we anticipate property costs to slightly improve in the course of 2010, unfavorable equity will stay the dominant issue in the housing and mortgage markets for some time to come.

&#13

So what is the answer to dealing with the escalating crisis of adverse equity and the relative ineffectiveness of loan modification? It would appear the only plausible conclusion is for lenders to consider principal reduction in an effort to bring mortgage loans more in line with property values.

&#13

There are a number of businesses starting to leverage this details in a manner that makes it possible for them to negotiate principal reductions and lessen mortgage amounts for qualified home owners. Whilst numerous of the information of this procedure are proprietary in nature, the idea is equivalent to a private investor approaching a lender with a large inventory of REOs (True Estate Owned properties) and negotiating the purchase of a portfolio of these loans at much less than face worth of the debt owned on them, a practice that is commonplace in todays volatile actual estate market place.

&#13

Addvent Funding is a Tampa, FL primarily based firm that engages in this kind of portfolio quick-refinance strategy. As a business primarily based in Florida, Addvent Funding is strategically located at ground-zero of the adverse equity crisis, as Florida is amongst the prime 5 states in virtually each and every statistical category relating to the impact of adverse equity. Addvent Funding and its affiliates identify homeowners that could qualify for a mortgage principal reduction, then go via the essential processing steps to prepare certified clients to have their mortgages incorporated in a portfolio for negotiation with a lender.

&#13

The result of this negotiation is normally a principal reduction of the borrowers mortgage principal balance down to the existing market worth of the property. In turn, the lender receives a much needed infusion of capital and is capable to off-load a severely beneath-performing asset, and the elevated capital in turn assists the lender to resume normal lending practices.

&#13

Sources:&#13

Workplace of the Comptroller of the Currency&#13
Office of Thrift Supervision

###

&#13

Overture Technologies Closes $6 Million Series C Funding Led by Capital Trust Ventures

Posted on by


Bethesda, MD (PRWEB) December 19, 2008

Overture Technologies, the top provider of decisioning computer software solutions that enable transparent, precise and responsive lending processes, announced it has closed $ 6 million in Series C funding led by Capital Trust Ventures with continuing participation from CNF Investments, New Markets Growth Fund and other current investors. Financing will be utilized to help market expansion to meet urgent and increasing demand for the company’s monetary decisioning solutions serving the mortgage and education lending industries. In conjunction with the funding, Tim Meyers, Managing Partner at Capital Trust Ventures, has joined Overture’s board of directors.

&#13

“Today’s mortgage and student loan industries demand constant application of complicated lending and pricing recommendations and thorough evaluation of ever-changing threat and asset valuation data to meet present and future regulatory specifications,” mentioned Bill Kelvie, CEO, Overture Technologies. “This growth funding from skilled investors in the course of a difficult time further validates our method and will aid us accelerate our attain for the markets we serve.”&#13

Overture enables industry efficiency and improves danger management in underwriting, pricing, servicing and valuing mortgage loans and assets with its Mozart suite of options, sector-major automated decisioning application for originations and acquisitions, servicing, secondary advertising and the capital markets. In addition to Overture’s sophisticated FHA lending decisioning capabilities, its groundbreaking resolution uses guidelines-driven decisioning for loan modifications to hold borrowers in their homes. &#13
Overture’s education finance options empower colleges and universities, lenders, guarantors and other service providers to help students intelligently navigate the process of funding their education with Conductor, the leading online economic help portal, the Student Loan Marketplace loan comparison tool and Amadeus, the premier student loan pricing and underwriting resolution. &#13
“Overture is providing enterprise rules management systems for lending processes that can restore self-assurance in the credit markets and stop the existing crises in mortgage and education lending from happening again,” said Tim Meyers, Managing Partner, Capital Trust Ventures. “We’re pleased to invest in a company led by business veterans and technology thought leaders who are enabling greater accuracy, transparency and efficiency for this substantial and important segment of the monetary solutions sector.”&#13

About Capital Trust Ventures:&#13

Capital Trust Ventures supplies development-stage venture capital financing for data technology firms. We operate closely to kind a robust partnership with confirmed entrepreneurial leaders with the vision and spirit to construct market-leading organizations, assist them to achieve scale and exit effectively. Our group of partners has in depth investing and entrepreneurial encounter in numerous sectors such as application application, emerging technologies, vertical application, new media, world wide web content material, e-commerce and infrastructure computer software. Capital Trust Ventures is a member of the Capital Trust Group, a major private equity and advisory firm. For extra info, go to http://www.capitaltrustventures.com.

&#13

About Overture Technologies:&#13

Founded in 2000, Overture Technologies is the leading provider of decisioning application options that allow transparent, accurate and responsive lending processes for the mortgage and greater education lending industries. Overture’s consumers are dedicated to supplying superior mortgage underwriting, servicing and securitization services and to increasing students’ access to greater education financing alternatives. Overture’s leadership team applies decades of experience from major economic services and technology firms like Fannie Mae, Freddie Mac, Goldman Sachs, IBM and KPMG to aid our clients achieve their goals. For further data, call (301) 492-2155 or visit http://www.overturecorp.com.

&#13

###

&#13
&#13
&#13
&#13
&#13

New American Funding Says Hope for Homeowners Program Wants Change

Posted on by

Irvine, CA (PRWEB) April ten, 2009

Government programs to assist homeowners do not function. So says Rick Arvielo, president of New American Funding, a completely delegated FHA lender that works distressed borrowers by way of effective create-down negotiations and loan modification activities. Borrowers have inundated the firm with requests for the Hope for Homeowners item given that Congress’s creation of the system in October 2008.

&#13

“The government’s want to give financing to borrowers in distress or even the appetite of investors to personal those loans mean really tiny unless each and every group or organization in the process is prepared to participate. 1 missing step will derail the entire strategy,” Arvielo says. “The major banks that retail loan centers, independent brokers and smaller sized interim banks rely on as a required step in the funding process do not have any want to fund and personal the responsibility of collecting payments from borrowers that are clearly in distress.”

&#13

Even even though a borrower’s “loan” quantity is ultimately guaranteed by Fannie, Freddie or FHA, the responsibility for the payment collections falls squarely on these main banks. Due to current increasing default prices, the banks merely do not want the added workload, threat and upfront price associated with borrowers that have displayed a pattern of not paying their mortgage, regardless of the explanation, Arvielo says.

&#13

Can you blame them?

&#13

Arvielo says he was quite frustrated when Hope for Homeowners was introduced. New American Funding was anxiously anticipating a windfall of company opportunity when the suggestions had been initial released, but when Arvielo referred to as his contacts at all of the big institutional lenders — on which all mortgage banks rely to sell loans — he was met with zero interest in cooperating with the system.

&#13

“Out of frustration, I went toe-to-toe with 1 of the significant investors at the Mortgage Bankers meeting in San Francisco, exactly where I even brought up the fact that they had just received billions in TARP income and weren’t going to use any of it for the Hope for Property owners plan when this gentleman stated anything to me that stopped me in my tracks,” Arvielo says. “He stated, ‘If we would agree to buy these loans from you, where you are on the hook for the borrowers’ 1st four payments, the standard timeframe for a mortgage bank, or you would have to acquire the loan backwhat would you do?’ Admittedly, I am no longer an advocate for the program.”

&#13

Arvielo says the subsequent time money and time is spent making a plan to help homeowners, the government wants to apply a small discovery to the systemics of truly originating and funding loans. The government may well also do nicely to get the major banks to “sign off” on the plan and agree to some level of assistance, Arvielo says.

&#13

“The Hope for Property owners plan should have included a ‘First payment default’ guarantee and funds earmarked for the servicing of these loans. Then, it may have had a possibility,” Arvielo says.

&#13

For more details on New American Funding or president Rick Arvielo’s position on the Hope for Home owners plan, pay a visit to http://www.newamericandirect.com.

&#13

About New American Funding&#13

New American Funding is a HUD authorized FHA direct lender. The firm staffs an expert group of loan specialists that can assist home owners get out of an existing adjustable rate mortgage and into an cost-effective 30-year government insured loan. In addition, New American Funding staffs a complete group of loan modification specialists to assist property owners in saving their houses from foreclosure.

&#13

# # #

&#13
&#13
&#13
&#13
&#13