Limerick Chamber business leaders stress the importance of infrastructural intervention for…

first_imgLinkedin Print WhatsApp TAGS2040Atlantic CorridorKen JohnsonLimerick Chamber’s Corporate PartnerSecretary General Graham Doyle Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR Limerick can be a counterbalance to Dublin, says Chamber NewsBusinessLimerick Chamber business leaders stress the importance of infrastructural intervention for LimerickBy Staff Reporter – February 12, 2018 2632 center_img Taoiseach sees new infrastructure as key to region’s success Top businesses honoured at Limerick Chamber awards Email Advertisement From Left to Right: Dr James Ring – CEO Limerick Chamber, Graham Doyle – Secretary General, Ken Johnston – President Limerick ChamberPicture: Shauna KennedyLimerick Chamber’s Corporate Partners met with one of the country’s leading government officials, Secretary General Graham Doyle last week to emphasise the need for key infrastructural interventions for Limerick and the wider Mid-West region.Developing key infrastructure to advance the Atlantic corridor can deliver huge national economic benefits, Limerick Chamber President Ken Johnson stated in a meeting with Secretary General of the Department of Transport, Tourism and Sport.The Secretary General was provided with a clear understanding of the infrastructure projects that key businesses in the region want Government to prioritise. These include delivery of the M20 along the original route envisaged (via Mallow), completion of the Northern Distributor Road, as well as prioritising investment in Shannon Airport and Shannon Foynes Port, including related transport and particularly road infrastructure. The need for faster rail links from Limerick to Dublin was also noted by the group to the senior civil servant.Sign up for the weekly Limerick Post newsletter Sign Up During the meeting, Chamber President Ken Johnson stressed the need for Government recognition in the National Planning Framework, of how the Atlantic corridor can provide economic development counterbalance to Dublin and help to alleviate pressures on the capital.The President highlighted how the Framework to 2040 needs to recognise that developing our regional cities, more ambitious targets on their growth prospects and strengthening interlinks and co-operation between them, must be the primary focus to ensure more balanced regional growth.Said Mr Johnson, “We are at a very critical juncture for the nation’s economy. The National Planning Framework will be a blueprint for how Ireland is going to be developed over the next 20 years and more, but it has to be a bold plan with a vision for a new Ireland that is developed in large part by maximising the capacity of the regions to grow.”“To deliver this we need strategic investment in infrastructure and this was the key message we made to Mr Doyle. We emphasised to the Secretary General the desire and capacity of this region, as part of an Atlantic Corridor, to play a part in rebalancing the national economy.”The Chamber President outlined how, from a population projection and infrastructure planning perspective, combining Cork-Limerick-Galway together makes sense, where the combined region can deliver stronger economic growth greater than the sum of these three individual regionsHe also detailed how enhancing intercity links will increase the collective capacity to market the combined city regions of Cork-Limerick-Galway from an economic development perspective, which in turn will act as a catalyst for greater collaboration among key stakeholders in these city regions.More about business here. Limerick Chamber tribute to Michael Noonan Previous articleBusiness lessons from behind the Fairy DoorNext articleLimerick TD criticises delay in rollout of deposit protection scheme Staff Reporter last_img read more

Fintechs Leading the Way for VA Loans

first_img Servicers Navigate the Post-Pandemic World 2 days ago What kind of technology are Fintechs using in particular to get these mortgages closed quicker?Automation in general, I would say. You’ve already seen some of these companies coming out that help collect documents and databases that have a lot of the information so lenders can limit the amount of work that a borrower has to do. Then, obviously, digital mortgages and eNotes have been a hot topic this decade, and I think going into 2020 and beyond you’ll see that get more and more steam. I think that’s probably the next wave, and definitely provides a lot of value for the customers, especially in the military space. Fintechs Leading the Way for VA Loans  Print This Post September 3, 2019 1,519 Views Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. How are VA loans different than conventional loans?I’ll start with the most obvious: no down payment is the biggest difference, and it’s something that, at NewDay, we are championing in what we call Operation Home. The no down payment alone is a huge benefit to somebody that’s served, but the really unique thing that you can leverage is if you are able to structure the contract in the right way, you can actually get them into a home with no money out of pocket. That’s a huge benefit.Unfortunately, what’s happened in government lending, you’ve seen a lot of the big banks step out of the FHA and VA space. FHA has gotten a lot of press in terms of the False Claims Act and then VA is just such a unique product that it almost isn’t worth the time to spend on it, unless you’re an expert. So, unfortunately, a lot of times veterans will get steered out of the VA product even though it’s a really good product for them. From a processing standpoint, the VA has what they call entitlement. Essentially, their service earns entitlement, and as long as they perform well on their mortgage history, they can then continue to reuse that entitlement for future VA loans. There’s no minimum credit score on a VA loan, so the VA gives lenders a lot of flexibility in making good credit decisions, which is good and bad. For the big lenders that have a very defined process, and like to get as many widgets through the factory as possible, it probably isn’t a good fit. But for a company that focuses on veterans like NewDay, it’s something that we really enjoy doing to get in, understand the story, and find a way to say yes. If we feel it’s a good, low-credit risk loan, we approve those types of loans all the time. in Daily Dose, Featured, News Servicers Navigate the Post-Pandemic World 2 days ago Subscribe Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Why do you feel Fintechs are leading the way for VA loans?The military population is much more likely to relocate and have to move multiple times, just by definition of their commitment. And, with each move, comes a level of responsibility to meet contract dates. As we see more and more impressive technology, I think Fintechs help to ensure that veterans and active service people can meet those contract dates. It allows quicker closing times and a smoother transaction. Not that hitting a contract date for a civilian is not important, it’s just a little bit higher stakes in the military space, so being able to leverage technology to improve service is important. Tagged with: FinTech Veteranscenter_img FinTech Veterans 2019-09-03 Mike Albanese What trends are you seeing in technology that could be utilized in the Fintech process moving forward?Well I’ll start with the VA themselves. They’ve done a great job over the last 10 years, automating a lot of their processes. I mentioned VA entitlement; the VA issues a Certificate of Eligibility on every VA loan, which used to take anywhere from 24 hours to two weeks. Nowadays, about 80% of those come back automatically, just by ordering online with some personal information about the veteran’s time served.That’s been a huge boost in the ability to close VA loans quickly. And I know the VA is working on some other automation processes when it comes to servicing. Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Previous: Quick Turnarounds for Foreclosure Sales Next: The July Home Price Growth Slowdown About Author: Mike Albanese The Best Markets For Residential Property Investors 2 days ago How has data changed over the past ten years or so, and how has technology has evolved?I think it’s changed leaps and bounds, honestly, and I think there’s still a long way to go. Last year and this year is really the first couple of years that you’ve seen real conversation about eNotes and digital mortgages. Ten years ago that wasn’t anywhere close to being on the radar. There were still a lot of manual processes in mortgage lending. There’s still some of that, but there’s been a lot of elimination of the manual work and I would just expect that trend to continue.I think you’ll see a lot more innovation over the next few years too. Michael Oursler, Chief Credit Officer, NewDay USAThe volume of the amount of loans originated through the Department of Veterans Affairs came to 119,048 loans for $31.9 billion during the first three months of 2019, with the average VA loan coming in at $268,213.The Department of Veterans Affairs reported the overall loan volume for Q2 2019 (fiscal-year Q3) jumped to 155,685 loans for $44.1 billion.Leading the way in the recent surge of VA loans have been Fintechs, which have four of the top-10 originators for VA loans: Veterans United Home Loans, Quicken Loans Inc., LoanDepot, and NewDay USA. What has helped put Fintechs head and shoulders above the competition? Michael Oursler, Chief Credit Officer for NewDay USA, spoke to DS News about why Fintechs are leading the charge, what differentiates a VA loan from a standard loan, and what traditional mortgage lenders can do to close the gap.  Share Save Related Articles Home / Daily Dose / Fintechs Leading the Way for VA Loans The Best Markets For Residential Property Investors 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago How can more traditional mortgage lenders keep up, or catch up, to Fintechs?One, I would say it’s going to be tough. I think some of the lenders that are not willing to adapt and make changes may struggle, because they may be at a competitive disadvantage. Whether it’s learning from them, partnering with them, using them as a vendor, I think everyone needs to adapt to the times. With that being said, I do think there is a level of customer service and personal touch that is sacrificed any time you automate something, so if you are going to compete against Fintech and streamlined processes, you have to make up for it with customer services and a personalized borrower experience.And that’s definitely something that we take very seriously. We spent a lot of time with our veteran customers making sure we’re getting to know them.last_img read more

Nassau Cop Fatally Shoots Suspect in Great Neck

first_imgSign up for our COVID-19 newsletter to stay up-to-date on the latest coronavirus news throughout New York A Nassau County police officer shot and killed a man who authorities said was brandishing a baseball bat following a road rage incident in Great Neck on Monday morning, officials said.When someone honked at him for being stopped at a stop sign at the corner of Maple Street and East Shore Road, the suspect got out of his vehicle and used the bat to smash the window a a van behind him at 10:30 a.m., police said. The suspect then walked up to a second vehicle behind the van and when the driver got out of that vehicle, the suspect hit the driver in the head with a bat, police said. Shortly later, an officer on patrol happened upon the confrontation.“The suspect moves aggressively toward the police officer with the bat,” said Det. Lt. Richard LeBrun, a police spokesman. “He deploys his Taser, the Taser fails to neutralize him. At this point he has to deploy his service weapon and strikes the individual in the torso area.”The suspect, whose name was not immediately available, was taken to a local hospital, where he died an hour later. The officer, who was on the job a month, was not injured.Treated for their injuries were the driver who was hit in the head and a second person that the suspect struck when the victim tried to help the officer.Police said no further details were available, citing the early stage of the investigation.last_img read more

‘I acted like a fool’: Neymar regrets Marseille red card

first_imgNeymar said he “acted like a fool” following his red card against Marseille but called on football officials to do more to combat discrimination after accusing Spanish defender Alvaro Gonzalez of racism.The Brazil forward was one of five players sent off after a mass brawl at the end of PSG’s 1-0 loss in Ligue 1 on Sunday, and later claimed Gonzalez had called him a “monkey” in a series of furious tweets.PSG have stood by the world’s most expensive player, saying the club “strongly supports” him, but Neymar conceded he would accept his punishment which is expected to be revealed by the French league’s disciplinary commission on Wednesday. “Should I have ignored it? I don’t know yet… Today, with a cool head, I say yes, but in due course, my companions and I asked the referees for help and we were ignored. “I accept my punishment because I should have followed the path of clean football. I hope, on the other hand, that the offender will also be punished.”Racism exists. It exists, but we have to stop it. No more. Enough!””The guy was a fool. I also acted like a fool for letting me get involved in that,” he added.Marseille defend Gonzalez PSG have lost their opening two games of the season for the first time since 1984/85, and face another spell without Neymar whose first two seasons in France were marred by injuries.They host Metz on Metz on Wednesday in what was originally scheduled to be their Ligue 1 season opener.Meanwhile, Marseille issued a statement of their own defending Gonzalez. He denied racism and accused Neymar of being a bad loser.”Alvaro Gonzalez is not racist. He has shown us that by his daily behaviour since joining the club, as his team-mates have already testified,” the statement read.The league’s disciplinary commission, which will decide the punishments, could investigate Neymar’s accusations against Gonzalez, who Marseille claim was spat on by Angel Di Maria.Marseille pledged to “fully cooperate” with any investigation and said the club would remain at the disposal of the commission.Any racist behaviour carries a maximum suspension of 10 matches. Spitting directed at another player can lead to a ban of up to six matches.Kurzawa meanwhile could be suspended for up to seven matches for violent conduct after aiming a punch at opposition full-back Amavi.Topics : “Yesterday I revolted. I was punished with red because I wanted to hit someone who offended me,” Neymar said in a lengthy Instagram post Monday.”I thought I could not leave without doing something because I realised that those in charge would not do anything, did not notice or ignored the fact.”Marseille player Alvaro Gonzalez allegedly said to Neymar:‘Shut up Monkey’Neymar turns to officials:‘Racism no?’#Neymar #PSG #Marseille #Brawl #Racism #Ligue1— Daoud Nawaz (@DaoudNawaz) September 13, 2020Neymar was dismissed for slapping Gonzalez on the back of the head, with team-mates Layvin Kurzawa and Leandro Paredes also sent off, as well as Marseille’s Dario Benedetto and Jordan Amavi.”In our sport, aggressions, insults, swearing are part of the game, of the dispute. You can’t be affectionate. I understand this guy partly, all is part of the game, but racism and intolerance are unacceptable,” Neymar continued.last_img read more

Capital One Bowl commentary

first_imgORLANDO, Fla. — It could not have been scripted any better.Wisconsin head coach Barry Alvarez, who brought the UW football program from shambles to the national picture, coached his 11-point-underdog Badgers to a 24-10 victory over No. 7 Auburn in the Capital One Bowl in his final game as the team’s leader.And not only was it a victory in a game in which most analysts didn’t even give the team a chance, but it was a domination on both sides of the ball for Wisconsin.”I’m very, very proud of how my football team played,” Alvarez said. “We made it perfectly clear that we can separate ourselves and gain a lot of respect for our program.”The Badgers did just that, closing with just the fourth 10-win season in school history and sending Alvarez out on top. The win improved the head coach’s bowl record to 8-3, the best record among any college coach in history that has coached in at least 11 bowl games.For a little perspective, consider that before Alvarez arrived in Madison, the Badgers had appeared in just six bowl games in the previous 103 years.”You’ve gotta give it to Barry. His last game he goes out on top, and it’s only fitting,” Auburn head coach Tommy Tuberville said after the game. “[His bowl record] is pretty impressive. He’ll be in the College Football Hall of Fame.His players turned it up a notch for him.”The end was just as fitting with regard to the credit — or lack thereof — given to the Badgers heading into this season and heading into their final game.Predicted to be a middle-of-the-road Big Ten team this year after losing a plethora of big-time players — including its dominating front four on defense — after last season, Wisconsin proved itself a gritty, resilient team and culminated its season with its best performance all year.”It ranks right up there,” Alvarez said of the win. “This is a very good opponent. They have good enough personnel to go out and beat anyone every week. So, when your players play well and everything comes together and you’re able to walk off with a win, it’s very gratifying.I hate to rank wins because I love them all. Nobody enjoys winning more than me.”Despite setbacks to Iowa, Northwestern and Penn State during the regular season, the Badgers allowed Alvarez to enjoy victories in dramatic fashion all year.John Stocco’s quarterback draw beat rival Michigan and forced analysts to respect the Badgers as they moved to 4-0. Jonathan Casillas found a way to one-up Stocco’s heroics, blocking a punt in the waning moments at Minnesota to bring home Paul Bunyan’s Axe.Indeed, Wisconsin showed it was not just a mediocre team this year, and the season would have been considered a success whether the Badgers won or lost the Capital One Bowl.Nonetheless, they proved their doubters completely wrong on a national stage against the Tigers.Wisconsin was a double-digit underdog that was receiving respect from basically no one outside of ESPN’s Lou Holtz. Auburn was supposed to do the dominating, would pick apart the Badger defense and would stop Calhoun and make it a long day for UW.Instead, it was all Wisconsin.”It means a whole lot,” said senior wide receiver Jonathan Orr, who caught four passes for 74 yards. “Only a select few teams each year win 10 games. … To get a win period is good, but just to have all those extra bonuses and seeing Coach Alvarez out the right way did make it that much more satisfying.”While the victory sent Alvarez out on the highest note, it also made for a fluent passing of the torch from him to new head coach Bret Bielema, who officially assumes the Wisconsin throne Jan. 30.”We did that already. I passed the baton as I walked in,” Alvarez said. “I said, ‘You’ve got the baton. The office is cleared out. Go hire a great staff.'” Bielema’s triumph in UW’s final game matches the aforementioned stories of persevering through times where many questioned his coaching ability. His defensive unit had struggled at times throughout the year, causing many to question Alvarez’s quick decision to name him head coach, but he proved himself Monday.Alvarez has never second-guessed his decision, but complimented Bielema’s preparation for the Capital One Bowl and reaffirmed his confidence in the future of the Wisconsin program which he turned around in his 16 seasons.”I think Bret has a good nucleus,” Alvarez said. “These kids know how to win, they know how to work, they’re a close-knit unit. I’m excited about the future of our program. I’m excited about the person I named to lead the program.”last_img read more