CheapScholar.org Partners with Overture Student Loan Marketplace

January 17th, 2012 by Bank Loan | No Comments | Filed in Loans

Springfield, OH (PRWEB) July 02, 2011

We’re happy to announce that CheapScholar.org has partnered with the Overture Student Loan Marketplace to bring its private loan comparison tool to CheapScholar readers who are in need of gap funding for college. Students and families who use the Marketplace through CheapScholar will be able to compare accurate private loan rates and terms from competing local and national lenders in real-time.

As families sit around the kitchen table and discern the best approach to paying for a college education, one resource that always comes into play is that of education loans, Doug Schantz, founder of CheapScholar.org said. After students have exhausted all of their federal loan options, it is sometimes necessary for them to entertain private loans. Keeping this in mind, I am pleased to have CheapScholar.org partner up with Overture Technologies to provide a private loan comparison tool for our students/families.

The Student Loan Marketplace provides families with an instant comparison of lender rates and terms – not “as-low-as” advertisements to help them determine how to best pay for college. In 2010, students selected loans within the Marketplace averaging a 6.12% interest rate, far below the national average for private loans.

Overture gives students the power of choice by allowing them to compare the terms and rates of multiple education lenders all in one convenient location, Schantz said. Overture’s “One-Stop Shop” approach to private education loans provides a powerful, yet simple, tool for families and students to utilize.

We look forward to working together with Overture Technologies to help make college affordable for students and families!

About CheapScholar.org:

CheapScholar.org was founded by Doug Schantz in 2010 and is a nationally recognized resource that provides families and their students with the financial tools, resources and knowledge to assist in their college education search

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Finding a Forex Broker in a Crowded Marketplace

September 13th, 2011 by Bank Loan | No Comments | Filed in Forex

Finding a Forex Broker in a Crowded Marketplace

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So you want to get involved in the foreign exchange market, or forex. You’re itching to trade one currency for another and make some profit. But you can’t just barge into Citigroup of Merrill Lynch and start throwing euros and yen around. To participate, you need a forex broker.

The preeminent forex broker for day traders (i.e., average Joes) is Advanced Currency Markets, or ACM. To many people, the Swiss company, founded in 2002, is synonymous with “forex broker,” trading about billion a month.

There are dozens of other brokers, though, who service day traders. It’s done almost exclusively online, and in fact ordinary citizens rarely got involved with forex trading at all until the computer boom of the 1980s, and then exponentially more with the advent of the Internet in the 1990s. Since then, forex brokers have proliferated.

As you might expect, levels of reliability and competence vary from one broker to another. The Internet is rife with unsavory types seeking to take advantage of suckers, so you would do well to investigate thoroughly any broker you’re planning to use. Does their Web site look professional and reassuring, or is it riddled with dead links and spelling errors? Google the broker to see if they’ve been mentioned in news articles. Ask about their track record. And above all, avoid anyone who promises things that sound too good to be true, or who downplay the financial risk involved in forex trading.

Look for a broker that seems to genuinely want your business. Does the firm have customer service representatives available? Is there a phone number you can call to speak to a live person? The Web site should explain things clearly. If the site is full of language that seems designed to go over your head, look for a different broker.

If you set up an account with an online forex broker, it will work like this. First, you must apply for an account, which most brokers allow you to do online. This is to verify your identity and the validity of your bank accounts and financial records. Some brokers also require you to download their forex trading software, while others let you use whatever software you prefer. You will also have to transfer a minimum deposit to your account with your new broker. The minimum can be anywhere from 0 to ,500.

Ideally, the broker you choose should offer service and support when you need it but should mostly simply stay out of the way and let you conduct your business. If you can find a forex broker who is professional and helpful, your experience in the forex market should be full of smooth sailing.

Written by itsmeey
Nothing is impossible in this world

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Ekoke.com – An electronic marketplace for the translation and localization industry

May 26th, 2011 by Bank Loan | No Comments | Filed in Forex

Ekoke.com – An electronic marketplace for the translation and localization industry











(PRWEB) November 15, 2003

Ekoke.com is a software that brings professionals from the translation market together and helps them to form associations easily and quickly.

In order to offer services at the global level, Ekoke.com is fully localized into Spanish and English. System users can utilize all of the services by reading and communicating with one another in either of these two languages. We plan to have the site localized into more languages in the future, including Asian languages.

Registration is free and during its promotional stage, Ekoke.com offers its services free of charge to both translation agencies and industry professionals.

In this initial phase of the system, services are oriented to translation agencies and professionals. The following is a brief description of the solutions provided:

Solutions for translation agencies:

>>> Search of industry professionals

This service allows agencies to find language professionals registered in the system using diverse criteria such as: source language, target language, country of residence, field of expertise, required services and required tools. Search results can also be filtered to find professionals who are certified in the language pair or who are native speakers of the target language.

>>> Search management

We are aware that finding professionals for a given project or job position is not a step, but a process. Thus Ekoke.com has developed tools to streamline this process and help translation agencies find their candidates more efficiently. These tools allow them to define a search with filters, and to pre-select and select professionals from the search results. The search can be saved for future reference and executed as many times as needed to check out the profiles of new, recently registered professionals.

>>> Bid requests

With this solution, translation agencies can post their project specifications and receive electronic bids from those professionals that initially meet the requirements set by the translation agency. This solution also includes a request for information in which the agency can attach a list of questions for bidders to answer, and sample texts to be translated.

>>> Bid management

Every bid received can be managed with the bid management module. A series of tools have been developed to filter bids according to quality control criteria. In addition, the translation agency can easily decline or pre-select bids, thus streamlining the process of choosing a successful bidder.

>>> Total or partial project assignment

This service allows translation agencies to control the volume of the project that will be assigned to the successful bidders. Thus, the agency can analyze different cost, quality and background variables and set up teams of pros according to the results of the bidding process and the requirements of the project.

>>> Financial information

During the pre-selection process or once the project is assigned, the translation agency can view financial information about the project. The financial information report displays the total amount to be paid to each successful bidder in their original currency, the total cost of the project and totals grouped by language pair and services.

>>> Currency conversion

Ekoke.com is a multicurrency system in which every user selects his/her preferred currency to read quotes and figures. Currency conversion is done automatically by the system. To date, Ekoke.com converts currencies from and to 31 different currencies. Exchange rates are updated on a daily basis.

>>> User management

This solution allows a translation agency to group several users. The agency is registered just once, and its entire staff is automatically associated. This approach allows the translation agency to centralize activities: the agency can manage regular reports and agency activities, for instance, by checking all projects posted by the agency.

Solutions for professionals:

>>> Automatic notice of bid requests

Each time a translation agency posts a bid request, pros that match the language pairs of the project are informed via email and invited to place a bid.

>>> Project bidding

All registered professionals can place a bid by completing a bid request form.

>>> Bid management

Pros can check and review their bids, see the details of the bids and projects assigned to them, and view the details of projects still open that have not yet been assigned.

>>> Financial information

The system offers financial information to each professional that has been assigned to a project. The report informs the amount to be collected based on the bid, the length of the project and the percentage assigned by translation agency.

>>> Currency conversion

Ekoke.com is a multicurrency system in which every user selects his/her preferred currency to read quotes and figures. Currency conversion is done automatically by the system. To date, Ekoke.com converts 31 different currencies. Exchange rates are updated on a daily basis.

>>> Contact management

With this option, professionals can check all contact requests they have received from other users (translations agencies, professionals or non-registered users). The request includes the reason that they are being contacted, and the e-mail of the sender.

>>> Profile management

Instead of allowing pros to upload a file of their resume, Ekoke.com structures this information within a profile. Thus, professionals can write an introduction, upload their personal photo, and detail the language pairs they work with, their native languages, fields of expertise, services, rates, credentials, affiliations, job experience, industry tools, software & hardware, academic record, and their availability within the next four months. All information is structured and displayed in a convenient, easy-to-read format.

>>> Electronic recommendation request

With this service, professionals can ask a third party to write a digital recommendation about them. Once the recommendation is written and accepted by the pro, it becomes part of the profile along with his/her background information.

The management team of Ekoke.com is strongly committed to developing software and services oriented to streamlining the processes of e-Procurement for both translation agencies and language professionals.

For further information about the services provided by Ekoke.com, please contact Luciano Degreèf at (+5411) 4372 5013 or send him an e-mail at ldegreef@ekoke.com.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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New Global Forex Marketplace is Released

May 10th, 2011 by Bank Loan | No Comments | Filed in Forex

New Global Forex Marketplace is Released










New York, NY (PRWEB) October 14, 2006

ForexGen LLC has released its global online forex trading portal. The site is to serve professional forex traders, money managers, hedge managers, and forex service providers world wide.

The ForexGen portal offers 2-pip spreads for 6 pairs, no swap, no commissions, and instant execution of all orders.

ForexGen has also released the FotrexGen Trading Station that is available for download and can be used to access the interbank forex market 24/5

The service can be reached on this address:http://ForexGen.com

A full description of the service as taken from the ForexGen site:

Swiss Precision – Scandinavian Quality

ForexGen always strive to give incomparable professional facilities and suited individualized services.

ForexGen is a professional online trading service that provides several facilities for all kinds of traders. Our trading service performance is based on respect and appreciation which is only achieved by offering intelligent trading tools for secure online trading.

ForexGen is the easiest and fastest gateway for the traders to perform successful trading, which provides a unique institutional investor professional facilities and highly qualified individualized services for the international customer. ForexGen provides advanced online trading software with full trading services.

ForexGen delivers what traders want: instant order execution, lowest spreads, flexible starting capital, fast deposits and withdrawal, a local support in more over than 18 countries, and most of all, solid funds security.

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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Total Mortgage Identifies Key Trends in the Mortgage Marketplace in 2011

February 12th, 2011 by Bank Loan | No Comments | Filed in News

Total Mortgage Identifies Key Trends in the Mortgage Marketplace in 2011













Milford, CT (PRWEB) January 12, 2011

Total Mortgage Services, LLC, a leading national mortgage lender featuring some of the lowest mortgage rates available, today highlighted five key trends likely to impact the mortgage industry and housing market in 2011.

“The mortgage and housing markets continue to be impacted by the housing crisis, which has fundamentally and permanently altered these businesses,” commented John Walsh, President of Total Mortgage Services. “In 2011, we expect the mortgage and housing markets to continue to undergo rapid changes. However, those who are able to rise to these challenges and opportunities will be able to survive and prosper in the new year.”

2011 Mortgage Industry Trends


Quality mortgage brokers will survive and remain relevant: Mortgage brokers, who are committed to extensive product knowledge, ethical behavior, and the highest levels of customer service, provide significant value to borrowers throughout the mortgage process. Without the mortgage broker, competition amongst lenders will diminish. Mortgage brokers have the ability to shop for the best rates and products at a variety of mortgage lenders. This allows individual borrowers to obtain access to a wide array of products and rates. It also creates competition between lenders that benefits borrowers through lower rates and better products. The many benefits that brokers provide to borrowers help to ensure their continued relevance in the competitive mortgage industry.    

Appraisal issues will continue to negatively impact property values and the mortgage/housing market: It has become much more difficult for those attempting to sell or refinance a home to get an appraised value that allows them to qualify for a mortgage. This development is impacting borrowers’ abilities to purchase or refinance homes, and is slowing the stabilization of the housing market. The problem stems from a lack of comparable home sales due to the slowing real estate market, as well as a significant increase in the number of distressed properties selling at a sharp discount.    This is an extremely important situation to monitor, especially in light of the large shadow inventory that are expected to hit the market over the next few years and the large number of foreclosures that were pushed into 2011 due to the robo-signing scandal.

The rigorous licensing process could create a shortage of loan officers and increase demand for quality loan officers with experience and transferable relationships: Following the collapse of the housing bubble, new regulations were enacted to ensure loan originators met certain minimum educational standards. The Secure and Fair Enforcement Mortgage Licensing Act (SAFE Act) imposes costly and extensive educational and testing requirements on loan officers. These requirements create a significant barrier to entry for those who wish to become loan originators. As a result, there could be a shortage of experienced, licensed loan originators. Those who are licensed and have transferable skills and relationships will find themselves in high demand in 2011.

Private investors will continue to be reluctant to invest in the jumbo mortgage market: The economics of jumbo securitization and new capital reserve requirements makes issuing jumbo mortgage backed securities a risky proposition. Many of the lenders who are funding jumbo loans are portfolio investors, and very few lenders have the capital and wherewithal to hold portfolio jumbo loans.

Borrowers will significantly increase their use of the online mortgage process – from research to closing: A recent Lending Tree survey found that 21% of consumers shop for mortgages online. Only a few years ago, the percentage of potential borrowers that shopped online for a mortgage was negligible. Going forward, one of the driving forces for online mortgage shopping will be younger, first time home buyers, especially as Gen X and Gen Y consumers who have grown up with computers look to become home owners. In addition, as electronic commerce becomes even more commonplace the number of borrowers using the online mortgage process will grow.

About Total Mortgage Services, LLC

Total Mortgage Services, LLC, a provider of some of the lowest mortgage rates, is an industry-leading direct mortgage lender and mortgage broker. The company has funded over $ 6 billion in mortgage loans since 1997. Total Mortgage was included in the Inc. Magazines’ list of America’s Fastest Growing companies in 2010 and holds Better Business Bureau “A” ranking since 1997. Licensed in 21 states, Total Mortgage offers a variety of products and programs including fixed-rate loans, adjustable-rate mortgage loans (ARMs), jumbo loans, FHA mortgages and more. In 2010, Total Mortgage launched its wholesale lending platform TMS Funding. Visit TotalMortgage.com for current mortgage rates, FHA mortgage rates, jumbo mortgage rates, ARM rates as well as other mortgage rates. For more information on Total Mortgage, please visit http://www.totalmortgage.com.

Media Contact:                    

John Lovallo

Lovallo Communications Group

Telephone: 203-526-6371

Email: john.lovallo(at)lovallocommunications(dot)com

Or email Total Mortgage directly at press(at)totalmortgage(dot)com

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Lender411.com Launches Marketplace that Connects Borrowers with Qualified Local and National Lenders

October 13th, 2010 by Bank Loan | No Comments | Filed in Loans




Lender411.com – Compare Mortgage Rates


Orange, CA (PRWEB) October 7, 2010

Lender411.com (http://www.lender411.com/), a unique online community that connects homebuyers and homeowners with qualified mortgage professionals, today announced the official launch of its new website along with a wide array of resources for consumers and lenders. Lender411.com provides a single destination where consumers can find the best home loan options through professional consultation and use of intuitive, interactive tools. The site also offers a reliable platform for lenders to promote their services and connect with prospective clients on a local and national level.

For consumers, access to all of Lender411.com’s many features is completely free. Lender411.com enables consumers to tap into a trusted network of mortgage professionals who can offer expert advice. The site also provides useful resources such as lender ratings and reviews, mortgage calculators, financial widgets, historical data, and a wealth of valuable information to help the consumer select the right loan. Central to Lender411.com’s user interface is its innovative LoanDESK dashboard, a dynamic platform that serves as a personalized command center for the shopping consumer.

“Lender411.com delivers a valuable service to consumers who are shopping online for their next mortgage,” said Rocky Foroutan, CEO and founder of Lender411.com. “People are increasingly relying on the web to search for home financing choices, and we have identified an opportunity to empower consumers in this pursuit. Our transparent, interactive community enables consumers to perform research, get educated, and ultimately make smart decisions.”

For lenders, basic membership is free and includes a personalized and customizable profile page on the site. Lenders can customize their profile pages with compelling content such as mortgage interest rates, blogs, videos, testimonials, and interactive forms. Similar to other social networking sites such as Facebook and LinkedIn, Lender411.com’s profile pages expand members’ web presence and bring valuable online exposure and credibility. These profile pages also make an ideal place for lenders to host unbiased third party ratings and reviews.

“We have about 5000 mortgage professionals in our community, and that number is growing every day. We’ve been building mortgage websites since 2003 through our sister company, www.lenderhomepage.com, and our clients have been asking for a credible, unbiased portal such as Lender411.com where they can showcase their services and extend their marketing reach. The positive feedback Lender411.com has generated to date during its Beta period is evidence that we are competently addressing these needs.”

Lender411.com generates its revenue by selling real-time leads, rate-table advertising and premium site memberships to mortgage professionals. Lender411.com also offers brand enhancement opportunities through banner advertising and sponsorships. This business model is similar to the popular Bankrate and Lending Tree systems, but what sets Lender411.com apart is its added transparency, ease-of-use, and communal scope. Lender411.com has already established a significant nationwide presence and continues to grow rapidly.

About Lender411.com

Founded in 2006, Lender411.com is an online community connecting consumers shopping for home financing options with qualified mortgage and real estate professionals. The site provides an open and transparent platform where consumers can tap into a trusted network of mortgage professionals and seek expert advice and assistance in choosing the right loan. Lender411.com’s innovative technology has defined new best practices standards for the online lead generation industry. For more information and an exploration of all services and resources offered, visit www.lender411. com.

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Rokstok, a Leading Online Diamond Marketplace, Attends SMX Expo East in New York City

October 11th, 2010 by Bank Loan | No Comments | Filed in News


Rokstok.com Company Logo


Buffalo, NY (Vocus) October 9, 2010

Rokstok, a leader in the online jewelry marketplace, attended the Search Marketing Expo East (SMX East), in New York City on October 4-6, 2010. The in-house search engine optimization (SEO) team went to the expo in order to keep current on the latest technology changes with such sites as Bing, Yahoo, Google, Ask, and others.

“The changes that take place with search engines happen so frequently that it can be difficult for people to keep up,” explains Andrew Moquin, president and CEO of Rokstok, an online global marketplace for jewelry, including engagement rings and rings of all kinds. “It is especially important for merchants to keep up on the changes taking place so that they can use the information to keep reaching their potential customers.”

The SMX East expo is one of several that are offered through SMX Conferences. They involve a variety of search engines and programming professionals that provide information, opinions and updates regarding the status, goals and changes in the search engine field. Since 1999, the company has held over 50 search engine marketing events.

The event which Rokstok team members attended featured an agenda that included a boot-camp track, social and YouTube track, advanced track, and more. Specific topics covered included copywriting, link building and paid searches, among others.

“This expo is a great opportunity,” adds Moquin. “The information you learn at something like this is invaluable and will result in a solid return on investment.” Moquin goes on to say, “The online search environment has become so competitive for product categories like jewelry, engagement rings, and wedding rings so we need every advantage possible.”

About Rokstok:

Rokstok is a comprehensive online jewelry marketplace that brings together diamond wholesalers and jewelry customers. It specializes in helping meet people’s needs for high-quality diamonds, engagement rings, wedding rings, custom designs, and more. Combined, its staff members have over 40 years of experience in the industry and are all trained by the Gemological Institute of America. To learn more about Rokstok, visit the website at www.rokstok.com.

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Lees Solicitors LLP implements Eclipse’s Proclaim to compete more effectively in the evolving legal services marketplace

September 26th, 2010 by Bank Loan | No Comments | Filed in News




(PRWeb UK) September 16, 2010

About Lees Solicitors LLP –

About Lees

“Our focus is on client service and a desire to deliver over and above what we promise, in a clear and friendly manner. This approach is fast leading Lees to becoming Wirral’s law firm of choice and a regional leader in certain areas of practice.

However, competition is fierce and not only do we have to compete with other law firms, but the introduction of alternative business structures is just around the corner (late 2011). This may see the entrance into the legal services market of commercial players and backers, such as financial services companies and the major retailers.

Our goal is to take our success to date and to expand upon it. The firm is currently undertaking a full strategy review in order to retain and improve competitive advantage and to increase its fitness to compete in the ever-evolving legal landscape.”

Our Requirements

“In preparation, we do already have some great foundations in place – the firm is Lexcel and Investors in People accredited. Our services can very broadly be split into two sectors, “services for individuals” and “services for businesses”, and within these sectors we can provide for virtually any requirement. For individuals we operate in personal injury, clinical negligence, conveyancing and remortgage, divorce and family issues, probate and wills, and court of protection. On the business side, our services cover dispute resolution, litigation, contracts and property transactions.

We have great people here, fantastic expertise across a huge range of areas, and a determined view in terms of where we want to be competing. To tie all of these operations together into a uniform Lees ‘brand’, we recognised the need for a practice-wide software system to ensure a consistency of approach and service delivery.”

The Implementation

“During our procurement exercise, Eclipse’s Proclaim system stood out as being inherently very flexible; not just in terms of day-to-day working and tailoring of the functional side of the system, but even down to the way in which it lent itself to being rolled out in stages – a key factor for us.

Why did we want to introduce the system in stages? There are pros and cons to both styles (‘big bang rollout’ and ‘staged rollout’). To us, being able to phase the new system in means that we can generate better buy-in from fee earners, as they see – at a manageable pace – what the benefits of the new software are. A phased rollout also allows us to carry out some ‘A/B’ testing, where we can see how two different approaches work, on a smallish scale, and then go with the more successful of the two.

At the very beginning, the core Proclaim Matter Management system was implemented practice-wide to provide a standardised file opening system. This guides all fee earners down a strict compliance and risk assessment channel, and introduces effective general management of cases and documentation across all departments.

The next stage was to implement the ‘quick win’ systems for our more standardised processes such as conveyancing and personal injury claims. This project was very successful in terms of showing other, less standardised, teams what can be achieved with the software, and has paved the way for another ten work types to be brought on board. For these areas, we are developing Proclaim to fit in with our bespoke processes, workflows and document precedents, and we are aiming for completion – a couple of departments at a time – over the coming months.”

The Benefits

“We are already seeing great gains from the use of Proclaim in managing data and reporting key information, across individual departments and on a firm-wide basis. The flexibility and ease of extracting data from the system is a real differentiator when held up against its peers in the market. In addition, the integration of Proclaim Accounts provides us with a complete firm-wide reporting base and a seamless approach to billing and financial management.

On a firm-wide level, we can now drill down to analyse key performance indicators such as the split of chargeable and non-chargeable time, and individual recovery rates for all of our fee earners. In addition, our heads of department can identify, at a glance, which matters need to be billed and if there are any areas for improvement. In terms of marketing, Proclaim is actively used to identify the source of new work (and its profitability), and to generate cross-selling opportunities within our existing client base.

We expect to see significant operational improvements from our continued use of Proclaim. The software will reside at the core of our competitive positioning and our speed of service, accuracy, and access to critical business intelligence will see us well placed to prosper in the new era of legal services.”

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DebtMarket Launches as First Automated Portfolio Marketplace; Will Expedite Pricing, Purchase and Sale of Consumer Debt

September 24th, 2010 by Bank Loan | No Comments | Filed in Loans

2001 Pontiac Sunfire GT in Ocala at Prestige Auto Sales. Yes just 83k miles on this sharp Sunfire GT Sports coup. With less than 9k miles per year use adn cold air and automatic transmission this car in that highly desired 00 budget won’t last long. Pictures will be out soon. (info) The Sunfire is Pontiac’s version of General Motors’ “J” platform. When this car debuted in 1995 it replaced a car that had been in production for 13 years, most recently under the Sunbird name. Sharing the platform with Chevy’s Cavalier, the Sunfire experienced a steady increase in sales after its introductionno small achievement in the extremely crowded and competitive compact segment. At the end of the 2000 model year the Sunfire convertible was discontinued; however, Sunfire continues to be Pontiac’s lead brand among young buyers and is a segment leader in attracting buyers under the age of 35 years old.
Video Rating: 5 / 5


Danville, Calif. and Los Angeles (PRWEB) August 17, 2009

In an effort to answer the vexing question of how financial institutions can price troubled assets, DebtMarket (www.debtmarket.com) launches today as the world’s first automated marketplace that connects buyers and sellers of loan portfolios.

DebtMarket enables an estimated 60,000 loan originators (primarily banks, credit unions and finance companies) and portfolio owners (primarily institutions, hedge funds and private equity investors) to list loans from the major consumer loan asset classes, including automobiles, mortgages and student loans. In the months ahead, the company also will support credit card portfolios and other asset classes. DebtMarket accepts loan portfolios of any size, credit quality and loan performance.

DebtMarket enters a market that is measured in the trillions of dollars. Total U.S. revolving and non-revolving consumer debt, including mortgages, was more than trillion at the end of 2008, according to the Federal Reserve. DebtMarket also has the potential to play a role in helping both the federal government and the lending industry price hundreds of billions of dollars in troubled assets. Clearer market pricing results in greater market liquidity and efficiency.

The company also announced it has tapped Intel’s former research director as CTO and enlisted several top consumer finance leaders for its advisory board [see the news release, "DebtMarket Attracts Leaders in Technology, Financial Services"].

“DebtMarket is a solution to the credit crisis, applying game-changing technology to provide a transparent, efficient, standardized platform that financial institutions and institutional investors anywhere can use to price, purchase and sell debt,” said DebtMarket Founder and Chairman Scott Walchek. “DebtMarket transforms the existing secondary debt market – much as eBay transformed the auction marketplace – by making it easy for institutions and institutional investors of all types and sizes to participate.”

A serial entrepreneur who has created, led and/or funded an impressive roster of highly successful start-up companies, Walchek has been an innovator in educational video games, a pioneer in Internet shopping cart technology, and was among the first to see the search technology opportunities in China with Baidu. “Technology is the gateway to transparency, and transparency is the tonic that has the power to re-ignite the economy,” Walchek said. “The world’s first automated portfolio marketplace, DebtMarket is the antidote to traditional opaque loan sale methodologies that talk about transparency but fail to deliver. We see DebtMarket as an ideal tool for regulators seeking to expedite the clean-up of toxic bank assets, especially for those small- to mid-size institutions that previously have lacked a marketplace for their loans.”

DebtMarket enables participants to establish and negotiate pricing, perform due diligence and complete all the paperwork needed to close the transaction. The end-to-end transaction technology eliminates inefficiencies, reduces costs, and invites participation from buyers and sellers regardless of size, geography or other previous barriers to entry. DebtMarket technology delivers transparency through a series of essential elements: an auction-style marketplace for competitive pricing; loan-level detail; direct contact between buyer and seller; a visible next-step process in the transaction; and a published fee structure.

“DebtMarket has the potential to transform the way institutions and institutional investors buy and sell consumer debt,” said Mike Sheridan, Co-founder and President of DebtMarket. “DebtMarket acts as a market stabilizer by providing access to buyers and sellers beyond companies’ traditional reach. This helps address the ‘price discovery’ problem that historically has discouraged so many small- and medium-size institutions and new investors from participating. DebtMarket’s disruptive technology pushes the envelope by handing control to buyers and sellers, which results in greater transparency.”

Industry observers suggest that DebtMarket will initially attract buyers and sellers of distressed debt, but that demand for a full-spectrum, technology-enabled solution is likely to extend to the market as a whole.

“The market today is distressed, with assets being sold at a discount — and that’s where an online marketplace like DebtMarket will generate its early successes,” said Jim Jones, former CEO of Residential Capital, Inc. (ResCap), the real estate finance arm of GMAC, and one-time head of consumer credit at both Bank of America and Wells Fargo. Historically, securitization has provided debt originators and portfolio investors with the information they required to make a buy/sell decision. “The difference today is there is no securitization taking place,” Jones said. “The DebtMarket platform assimilates the same type of information buyers and sellers need and provides it via a transparent medium. The result is that buyers and sellers can be more confident that their bid will be evaluated on an equal footing with others. That’s what transparency is all about.”

Walchek and Sheridan began testing the DebtMarket model in July 2008, when they launched a beta to address a single asset class – auto loans. Since then, GDNAuto has transformed the way auto dealerships and financial institutions trade as much as billion a year in subprime auto debt. The platform’s success within the auto finance realm has led to a number of significant partnerships between the newly dubbed DebtMarket and auto finance institutions and affiliated service companies.

That continues today with the announcement of a definitive agreement with Frazer Computing, Inc., a Canton, N.Y.-based provider of dealer management software, to incorporate certain features of the DebtMarket platform into its dealership offerings. Frazer is one of the industry’s largest DMS providers, with 4,700 active users, most of which are independent dealers [see the news release, "DebtMarket Signs Partnership Agreement with Frazer Computing"]. DebtMarket said it intends to pursue similar relationships across the broad consumer credit landscape.

About DebtMarket

DebtMarket (www.debtmarket.com) is the world’s first automated marketplace that connects buyers and sellers of loan portfolios. The innovative DebtMarket technology platform delivers price transparency, process automation and direct buyer/seller communication in a secure online environment.

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Forex Signals – Have 2 Forex Experts mentoring you to be the 1%

September 1st, 2010 by Bank Loan | No Comments | Filed in Forex
Forex Signal
by Trading Rich Mom

Forex Signals – Have 2 Forex Experts mentoring you to be the 1%

I hope that you had a chance to watch Tom and Vladimir’s special video the other day about why The Forex Signals is unique from any other signals service.

How many times have you tried a robot to make trades for you and you were left feeling disappointed and angry at
yourself for losing money? I know that a lot of people even juggle between several robots!

Whether you saw the special video the other day or not, Tom and Vladimir have created a *New* video on why only 1% of traders are successful and the benefits of having 2 Forex Experts that are THE 1% mentoring you to be THE 1%.

Check it out here:
=>> The Forex Signals Official Website

Tom and Vladimir are experts that want their members to really thrive in the marketplace by learning how to make a real income trading from home and their both technical chartists addicted to analyzing and predicting market moves. On top of providing forex signals, they will also be giving you signals on Metals, Oil, Silver, and the S&P, CAC & FTSE Indices.

You’ll receive signals 24/5 and of course, they have a back-up team of traders plus full-time administration personnel that are dedicated to providing a great service for you.

I recommend that you watch the new video today and see how The Forex Signals can help you be the 1%

=>> The Forex Signals Official Website

2010 is an incredibly good time to make huge profits if you know what you’re doing or you’re with traders that do.

http://www.businesstools.tk

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