Archive for finance

LendingTree.com Examines How to Use Home Equity Loans and Home Equity Lines of Credit Wisely

Charlotte, N.C. (PRWEB) March 7, 2008 — If you are grappling with whether or not you should get a home equity loan or line of credit, first consider the amount you need to borrow and what you need it for. Whether you need a one-time lump sum of money to pay for a home renovation, or an ongoing sum to pay for college costs, there is a financing method that will work to meet your needs. Let LendingTree.com walk you through some tips for both financial tools:

For one-time lump sums, a home equity loan (HEL) is the best way for you to borrow against the value of your house to pay for a one-time expense such as a renovation or buying a car. A HEL gives borrowers a lump sum of money, with a fixed monthly payment that is paid off over a specified period of time.

For ongoing cash needs, a home equity line of credit (HELOC) may be the better option for borrowers. A HELOC is a form of revolving credit similar to a credit card, but often times with a much lower interest rate. Borrowers are given a specific credit limit and they can then draw funds whenever they need money, and then pay at least a minimum monthly payment with the option to pay off as much as they’d like. The ability to withdraw any amount, as opposed to a predetermined monthly allowance, allows those with HELOCs to pay for expenses that aren’t necessarily planned out, such as medical bills or college costs.

Remember, when getting a HEL or a HELOC, either loan is collateralized based on the value of your home. What this means is if you default, your house is on the line as the loan is secured against your home. Interest rates for HELs and HELOCs are often lower than a credit card because of this so before you commit to either, please make sure you are able to repay the money you borrow. The last thing you want to do is put your home in jeopardy because you had difficulty paying your monthly HEL or HELOC bill.

About LendingTree, LLC
LendingTree, LLC is the nation’s number one online lending exchange, providing a marketplace that connects consumers with multiple lenders that compete for their business. Since inception, LendingTree has facilitated more than 23 million loan requests and $185 billion in closed loan transactions. LendingTree provides access to mortgages and refinance loans, home equity loans/lines of credit, auto loans, personal loans, credit cards and high-yield savings accounts via www.lendingtree.com and 800-555-TREE.

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Attendees Learn How to “Go Green” With Paperless Processes Panel Discussion at the MBA National Technology in Mortgage Banking Conference & Expo

“Spanning the Gaps in a Paperless Environment” will offer the technical requirements for removing as much paper as possible from current “environmentally unfriendly” lending processes.

Baltimore, MD (PRWEB) March 7, 2008 — “It’s not easy going green.” Delving deeper into the technical issues of implementing electronic mortgage processes, eOriginal CTO and COO Bryan Caporlette will moderate as he and several other industry leaders explain in detail how originators can save time, money and the environment by making pre-closing, closing and post-closing processes completely paperless.

Caporlette will be joined by Sharon Matthews, President and CEO of eLynx, mortgage industry consultant Roger Gudobba, and John London, Director of Sales and Business Development at Interlink Electronics, Inc.

Adoption of paperless business practices are on the rise in the mortgage industry as lenders look to increase efficiencies and margins and lower costs with fewer resources and smaller budgets. Relief from the burden of generating sometimes hundreds of pieces of paper for a single transaction is found in the elimination of paper where possible within the lenders business process. This panel will reveal the technological solutions needed to do just that, with additional focus on paper-to-paperless eMortgage workflow, and document retention and risk mitigation.

For example, many electronically originated loan documents are still output to paper to be signed, and then scanned back into an imaging system for future management. Attendees of this panel will discover how to “bridge that gap” and maintain a completely electronic process from origination through signature, to vaulting, management and sale or payoff. Particular attention will be paid to how electronic assets are kept legally compliant, enforceable and negotiable.

About eOriginal
eOriginal Inc.’s technology and solutions enable lenders and investors to eliminate paper while legally protecting their assets as electronic mortgage documents are managed and transitioned throughout their lifecycle. eOriginal eCore® technology and processes create electronic finance documents that are tamper-evident, legally enforceable, admissible and negotiable. eOriginal solutions are compliant with ESIGN and UETA, and support the MERS registry. eOriginal® technology has managed approximately 500,000 electronic contracts representing over $10 Billion in originations, with over $2 Billion pooled and securitized. For more information about how to turn eOriginal’s experience into your advantage, call at 410-895-7699.

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The Rainmaker Group Welcomes Rod Collier and John A. Wallace to its Management Team

New top-level talent adds to Rainmaker’s 400 years of combined profit optimization expertise in the revenue management community.

Atlanta, GA (PRWEB) March 10, 2008 — The Rainmaker Group, the world leader in automated revenue management software and services to the multifamily housing and gaming hospitality industries for total property profitability, announced the addition of Rod Collier and John W. Wallace to its expanding group of revenue optimization professionals at the company’s Georgia headquarters.

John W. Wallace joins as The Rainmaker Group’s new vice president of business consulting and Rod Collier is the company’s incoming vice president of professional services. Mr. Wallace replaces previous Rainmaker Vice President Tom Walker who was tapped by Rainmaker client, Omni Hotels, as its new vice president of revenue management.?”John and Rod bring an extraordinary wealth of revenue management experience that will drive added profitability for our current and future clients,” said Tammy Farley, principal of The Rainmaker Group. “We are extremely pleased to have John and Rod on the Rainmaker team.”

Mr. Wallace served in upper level executive positions at Aeronomics, Inc., Talus Solutions, Inc. and Manugistics and most recently worked with Axicom Digital/Kefta. He is a graduate of the University of the Pacific. Rod Collier comes to Rainmaker from JDA Software where he served as a practice director and director of revenue management. Collier also has experience with Talus Solutions and was a senior consultant for Aeronomics, Inc. He is a graduate of Eastern Illinois University.

New Clients Drive Expansion
Responding to increased demand for its revenue optimization services, The Rainmaker Group recently acquired a second office building adjoining its corporate headquarters in the North Atlanta technology corridor. Rainmaker purchased the building after increasing staff to support its growing list of clients. “Our expanding client base is at the heart of Rainmaker’s growth,” Tammy Farley. “Our revolution LROSM and revolutionSM revenue optimization solutions for the multi-family housing and gaming hotel industries continue to be widely implemented by leading companies.” Rainmaker clients include:

•    Trump Entertainment
•    Kerzner International
•    Post Properties
•    MGM MIRAGE
•    Equity Residential and others

Executives Cite Opportunities for Client Success
“The Rainmaker Group is deploying the latest generation of profit optimization solutions that are extremely effective at boosting revenue for its clients,” noted Wallace. “This is an exceptional opportunity to help deepen Rainmaker’s resources and support its continued success.”

“Rainmaker’s revolution LRO and revolution revenue optimization solutions for the multifamily housing and gaming hotel industries, respectively, continue to be widely implemented by leading companies,” said Mr. Collier. “Joining the team provides an excellent opportunity to expand Rainmaker’s work with companies in North America and the growing Asia Pacific region.”

Commenting on Mr. Walker’s departure, Ms. Farley said, “Tom is pursuing an opportunity he couldn’t pass up with Omni Hotels. The entire Rainmaker team wishes him the best as he helps further the company’s performance in the luxury marketplace.”

About Rainmaker Group
The Rainmaker Group is a software and services company that provides revenue management for more than one-half million units in the gaming hospitality, multifamily housing and other industries. Rainmaker implements and supports the revolution product suite, which maximizes total property profitability for operators of casino hotels and other hospitality enterprises. The company enables clients to identify and maintain availability for their most profitable revenue sources through revenue management implementations. The Rainmaker Group helps casino hotels increase profitability through the accurate, instantaneous ability to determine the minimum acceptable value of each guest. This increases client profitability by securing the most profitable customers and developing more effective business processes. Hospitality clients include Boyd Gaming, Harrah’s Entertainment, Omni Hotels, MGM MIRAGE, Trump Entertainment Resorts and other leading hotel companies.
The Rainmaker Group also provides the revolution LRO profit optimization solution that enables multifamily housing operators to maximize revenue from apartment leases. revolution LRO lease rate improvement results have been reviewed and validated by independent accounting firms. For more than five years revolution LRO has delivered optimized leasing rates to the largest operators in the industry including Archstone, Equity Residential, Post Properties, Simpson Housing, Mid-America Apartment Communities and a number of other leading multifamily housing companies.

The Rainmaker Group
Tammy Farley
5755 North Point Parkway
Suite 77
Alpharetta, GA 30022
Phone: 678-578-5777

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Belinda Aucoin and Kelly Reavis Join Milkie Ferguson Investments

Dallas, TX (PRWEB) March 10, 2008 — Belinda Aucoin and Kelly Reavis are excited to announce their newly formed partnership, Trinity Strategy Partners and their joining Milkie Ferguson Investments. Ed Milkie built his firm based on the foundation that the relationship between a client and his/her advisor is paramount. He has dedicated his career to assembling a team of advisors who are committed, well-trained, caring individuals who offer their clients support every step of the way in their investment decisions. Ed’s reputation in the investments community is beyond reproach, and his peers and his associates hold him in the highest regard.

“We are delighted to have joined Ed Milkie and Milkie Ferguson,” comments Belinda Aucoin, “Having worked in the industry since 1981, it is refreshing and comforting to come to work every day and have an opportunity to work with a man as genuine as Ed.“

Aucoin and Reavis have spent the last 15- and 13- years, respectively, at Comerica Securities. Their years at Comerica enabled them to work closely as a team providing clients an unparalleled level of service. “From college planning to estate planning, we covered it all,” adds Reavis. “Working together as long as we have, we know each other’s strengths and this really helps contribute to a satisfying experience for our clients. Our clients know that when they ask us to handle something for them, that we will get it done or gather the outside resources to help us get it done,” he adds.

Located at 8750 N. Central Expressway on the 17th floor, overlooking Northpark Mall, in the Richards Group building, Milkie Ferguson is conveniently located near the intersection of Northwest Highway and Central. The firm also uses the clearing services of National Financial Services (NFS), a Fidelity Investments® company. “We have been working with NFS for the past twelve years, so this transition has gone very smoothly,” comments Aucoin.

“We are just thrilled to have Belinda and Kelly here as the newest additions to our family,” adds Ed Milkie. “They do business the old fashioned way, one client at a time, and they believe, as I do, that their clients come first.”

Amid an ever-changing and challenging investment landscape, clients need expert and experienced partners who can guide them through the intricacies of investing and financial planning. With life expectancies longer than ever before, clients cannot afford to make mistakes when it comes to their finances. Many clients today find themselves sandwiched between saving for college for their own children while at the same time taking care of elderly parents. Not to mention trying to contribute to one’s own retirement. The choices are overwhelming, and clients want to turn to a confidant who knows and understands their individual story. Aucoin and Reavis have proven to be this kind of team.

“What we do is so rewarding,” comments Belinda. “I remember fondly not that long ago when one of my most special and most important clients would come to see me and I would provide crayons and coloring books for their children to keep them busy while we talked business. Now those kids have graduated from college and I have had the privilege of watching them grow up.”

Why the name “Trinity Strategy Partners” some clients might ask. Hailing from south Louisiana and of French heritage, Belinda felt a kinship with the concept of the trinity and its symbol, the fleur-de-lis. Often thought of as the symbol of royalty, it actually stands for three core values: faith, wisdom, and chivalry.

“I couldn’t think of a more appropriate symbol of what we are trying to do with our clients here at Milkie Ferguson,” says Aucoin. “We act in good faith, with all of the wisdom available to us, to fiercely protect and guard our clients, their families, their legacies, and their financial assets, which is the definition of chivalry.”

The fleur- de-lis has been used as a symbol dating back to the days B.C. “Sometimes we feel like we have been at it that long,” jokes Aucoin, but on a more serious note she adds, “We have been humbled and honored to have clients who have entrusted us with their financial decisions, and we are looking forward to delivering a satisfying client experience here at Milkie Ferguson for many, many years to come.”

Member: FINRA and SIPC. Milkie Ferguson is protected by copyright laws under U.S. and international law. All rights reserved.

Milkie Ferguson Investments
8750 N. Central Expwy.
Suite 1700
Dallas, TX 75231
Main 214.987.3900
Belinda 214.382.4795
Kelly 214.382.4794

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