Forex Trading: Can You Successfully Trade the News?

September 20th, 2011 by Bank Loan | No Comments | Filed in Forex

Forex Trading: Can You Successfully Trade the News?

Article by John S. Houston

If you’ve traded the foreign exchange market for any period of time you know that news announcements are one of the primary movers in the market. Because the market is open for trading 5 days a week there is always some news announcement coming out. Which currencies are most affected? Which news releases tend to impact the market the most?

Traders should keep an eye on the main currencies: USD, EUR, GBP, JPY, CHF, CAD, AUD and NZD. On an average trading day there will be at the very least 5 or 6 items of news made public that impact these currencies. So there is ample chance for a trader looking to make the most news announcements.

How can you keep an eye on news releases? Two good internet sites that I’m aware of are: Forex Factory and Daily FX. Each of these sites offers some important information: what the news bulletin is; when it’s released; what currency is impacted; if it’s expected to have low, medium or high impact; and what the anticipated number is.

The market always expects a number, based on estimates. It’s an amount agreed on by economists. Then there’s frequently another figure that’s talked about by market pros and insiders. If the real number, when out, is near the expected number you could see only a small effect. If it varies, and varies appreciably, you can see a shock hit the market that moves the price significantly and very quickly.

What are some of the most important news releases? The one that has the greatest affect on currency pairs that include the US dollar is the Non-Farm Employment number that is made public the first Friday of the month. If the first Friday is also the first day of the month, then it’s announced the second Friday.

Further critical releases include interest rate decisions by the Federal Open Market Committe (FOMC) of the Federal Reserve Bank. They meet eight times annually, approximately every six weeks. Significant announcements that affect the market also include: retail sales; inflation (as measured by the Consumer Price Index and the Producer Price Index); the trade balance; industrial production and surveys of consumers, business and manufacturers.

Can you profit with news releases? Currencies will often trade in a range before a news release. One approach could be to position pending orders above and below the trading range anticipating a break out. Currency pairs frequently move far and fast right after the statement, so don’t try to place trades right after the announcement. Also remember that in times of higher volatility many brokers will boost spreads.

A trader can also use options to trade the market when a significant short term move is anticipated as a result of a news statement. These come in a couple different varieties: a one-touch option has simply one level that has to be met before it pays; a double one-touch has two levels, either needs to be hit to win; and a double no-touch where neither level can be hit before it pays. Make sure you totally comprehend the technicalities of these before buying.

It’s a good idea to paper trade some of the major news announcements to get a feel for how the market, and your individual currency pair, are impacted by different economic news announcements. Get familiar with the sites Forex Factory or Daily FX. Get a feel for which news announcements have what impact on the market. Due to the swift and major moves that news releases produce, trading the news can be very tricky business.

John Houston has been trading forex for nearly six years. He has recently developed a website for traders of all levels. It offers a wealth of trading tools and indicators including some specific trade set-ups. Check out his site ForexScalpingTechniques here. Never forget to check this link: Forex Scalping Techniques.










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Successfully Making Money from Forex

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

Successfully Making Money from Forex

  The forex trading platform affords people with much opportunities to make  good amount of money, but it can also work the other way and lead people to experience loses. For this reason, you need to ensure that you do everything that you can to prepare yourself for what you are getting into. Here are a few tips that you may use in order for you to be successful in the field of making money from forex trading.

First off, you need to get your hands on the best tools and software that you may use in your trades. A quick browse in the internet will give you different options that you may choose from, as far as forex trading tools are concerned. You will be able to choose among different types of trading robots, all of which will be able to help you in making the best decisions possible.

The first thing that you should invest on is a good automated trading software.

This is a great tool that will help you in your career of making money from forex. For one, an automated robot will undertake all your transactions for you. All you would have to do it to set the parameters on which your trades will be made. You can virtually leave it on its own, get back to it after a few hours, and you would have made profit without making any effort.

It will also be wise if you invest on a good weathering program that will help you assess the market situation as accurately as possible. Yes, knowing how to gauge market trends and indicators will bear much use to you, as a trader, but having a tool that will help you ensure that your calculations will be correct will be good as well.

Despite how much help these tools may be able to give you, you should still remember that they are only machines that are not entirely fool-proof.

For this reason, you should ensure that you have a clear idea of how efficient your systems are. This way, you can exert the necessary efforts in order to make your investments as profitable as possible.

 

Getting to know and use the right system will able to give you the opportunity to generate regular income from Forex. Forex Automoney, have released an unbeatable trading system based on generated buy/sell signals, amazingly simple and a reputable system recognize by successful traders like us. Likewise, Forex Autopilot System , is also known to be one of the best and profitable system which you may consider. For your interest and knowledge, pls visit us at http://www.autofxsystem.com

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Gryphon Financial Offers Free Educational Special Report to Help Investors Successfully Trade in the Stock Market

July 7th, 2011 by Bank Loan | No Comments | Filed in News

New York, NY (PRWEB) September 29, 2009

For a limited time, Gryphon Financial is offering a free education special report to help investors learn how to successfully trade in the stock market.

“The stock market is intimidating, especially when the markets are down and investors are pulling out their money.” said Geannie Grecco from Gryphon Financial. “Gryphon Financial understands the challenges that people face when trying to figure out the stock market.” This is why Gryphon Financial is committed to educating regular traders and investors all over the world. As the U.S. and world markets continue to climb from recession, Gryphon Financial seeks to inform investors so that they can make the best investment decisions in the months ahead.

Hesitation is a natural response when it comes to entering the stock market. The common perception of Wall Street is that investing is only for guys in suspenders and suits. The average person has trouble convincing themselves that they are capable of making money in the stock market too. Gryphon Financial believes that anyone can learn to trade and invest in stocks.

A partner at Gryphon Financial said, “Our free and premium services are designed to help traders and investors from all walks of life. I invite everyone, regardless of their trading level, to check out our educational services. At Gryphon Financial, our editors and traders work together and inspire regular people to make money in the stock market.”

The economic climate has been difficult for the last year, but as the markets emerge out of the recession, Gryphon Financial wants people to take advantage of the money making opportunities in the stock market. With the help of Gryphon Financial, anyone can (and will) make money in the stock market. The traders at Gryphon Financial are confident that they can help the average investor increase their profit potential.

By taking one look at their track record, anyone can see why Gryphon Financial is so sure that they can help. For a limited time, Gryphon Financial is offering a free educational special report to help investors learn how to successfully trade in the stock market. Click here to download Online Stock Trades: 3 Essential Trading Tips for the Successful Trader.

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Bank of America Offers Tips To Successfully Buy A “Short Sale” Home

October 20th, 2010 by Bank Loan | No Comments | Filed in Loans


New York, NY (Vocus) October 1, 2010

Astute home buyers can find good values on short sale properties in today’s market. These homes often draw multiple buyers, all competing for the winning bid.

Short sales differ from typical home sales. A short sale occurs when a property is sold by homeowners whose mortgage balance is more than the home’s value and who demonstrate a financial hardship. As with a traditional home sale, the homeowner is responsible for accepting or declining a purchase offer, but they must work with their bank to ensure it will accept a fair market value offer. This means a short sale can take longer than a traditional sale.

According to Matt Vernon of Bank of America Home Loans, “It’s a great time for patient and prepared consumers to enter the market and seek out short sale properties, and there are several things people can do to better understand the process and be competitive.” He offers these tips:


    Keep an eye on new property listings and stay in real estate agents who know when short sales come on the market.

    Move quickly when you find a home you want and be the first to submit a market value offer.

    Be patient. Paperwork-intensive short sales can take 30 to 90 days or more to finalize due to the need for additional documentation and approvals from third parties that have a financial interest in the loan. Other buyers may not want to wait and instead move on to the next deal, leaving you with the winning bid.

    Be prepared to bid based on the going market rate of the house. Lenders look for offers to be reasonable and equal to market value. Be ready to bid in upward increments if this is the house for you.

    Submit a simple offer at market value that is also free of as many contingencies as possible to make your offer the most attractive. Also, anticipate an escrow period longer than 30 days and be prepared to extend that if necessary.

    Have your financial ducks in a row. Visit a lender and take the first steps necessary to finance a home. Short sale buyers must meet normal credit requirements, have money for a down payment and have the income needed to repay the loan. Ensure that your credit history is accurate and up to date, that you have savings put away and that you understand how much you can comfortably afford to spend on a home. You can learn more about the many aspects of the home loan process at myhome.bankofamerica.com.

Lastly, Vernon recommends working with a real estate agent who is experienced with short sales. Your agent can help you quickly identify properties that fit your price point and personal preferences. Experienced agents can also guide you through a process that frequently requires patience and tenacity. With the right preparation and the right professionals at your side, soon you’ll be in a home of your own.

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PlantCML? NG9-1-1 Call Processing Solution Successfully Deployed at Washington County Department of Emergency Services

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

PlantCML® NG9-1-1 Call Processing Solution Successfully Deployed at Washington County Department of Emergency Services













Temecula, CA (Vocus) October 12, 2010

The Washington County, Md., Department of Emergency Services (DES) recently upgraded the 9-1-1 equipment in its emergency call center with the next generation 9-1-1 (NG9-1-1) call processing solution, VESTA® CS, along with the comprehensive and scalable mapping solution ORION™ MapStar™, from emergency communications industry leader PlantCML®, an EADS North America company.

“The consolidation of the county’s emergency call centers into the current DES 9-1-1 Emergency Communication Center increased the need for a new emergency call processing solution that could handle the nearly 25,000 emergency and administrative calls we receive on a monthly basis,” said Bardona Woods, director, Emergency Communication Center, Washington County DES. “PlantCML, with its VESTA CS solution and ORION mapping suite, has equipped our center with the NtG9-1-1 equipment we desired.”

The Washington County DES has 17 call-taking positions that are equipped to receive calls from a population of approximately 145,000 citizens. Washington County comprises 458 square miles and is located in the western part of Maryland.

“The Washington County DES is demonstrating its place in the forefront of the industry by installing a NG9-1-1 call processing solution into its newly-consolidated call center,” said Carlos Avila, vice president, sales, Public Safety Call Center Applications at PlantCML. “Not only did the DES look at a NG9-1-1 call processing solution, the agency made the investment to round out its operations by upgrading its management information system (MIS) and mapping capabilities, thereby increasing the efficiency and dissemination of caller and location information.”

The VESTA CS solution is a server-based, full-featured IP/IP Hybrid PBX specifically designed for high-tech, high-volume operations such as the Washington County DES. The center’s mapping solutions also received an update with ORION MapStar, ORION™ MapManager™ and ORION™ DataSync™, giving the DES comprehensive and scalable mapping capabilities that complement the VESTA CS solution.

The ORION mapping suite provides first responders with immediate details of specific emergency situations, accessed via digital mapping displays. Furthermore, these systems provide routing, automatic location identification (ALI) broadcasting and structure-based ALI matching, as well as synchronization of map data across local or wide-area networks whenever data is updated.

About DES

Washington County Department of Emergency Services sets out to provide the highest quality service to the citizens, businesses and visitors of the community. Their dedicated professionals work hard to make the day-to-day operations as efficient and effective as possible. By continuous improvement of the emergency call center, they guarantee the citizens the utmost service and support in an emergency.

About PlantCML®, an EADS North America Company

A pioneer and trusted leader in mission critical communications, PlantCML®, an EADS North America company, provides key technologies for public safety, federal and corporate markets. Our full-circle security and communications portfolio includes 9-1-1 call center CTI applications for call processing, CAD, mapping and information management, as well as managed services, notification solutions and services and P25 Land Mobile Radio networks. Headquartered in Temecula, California.

About EADS North America

EADS North America is the North American operation of EADS, a global leader in aerospace, defense and related services. As a leader in all sectors of defense and homeland security, EADS North America and its parent company, EADS, contribute over billion to the U.S. economy annually and support more than 200,000 American jobs through its network of suppliers and services. Operating in 17 states, EADS North America offers a broad array of advanced solutions to its customers in the commercial, homeland security, aerospace and defense markets.

Media Contact: Tami Timperio

VP, Marketing

PlantCML®, an EADS North America Company

Tel: 951.719.2423

www.plantcml-eads.com

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GigaSpaces Continues to Successfully SaaS-Enable and Reduce TCO for Independent Software Vendors

September 28th, 2010 by Bank Loan | No Comments | Filed in Bank




New York, NY (PRWEB) September 21, 2010

GigaSpaces Technologies continues to attract independent software vendors (ISVs), such as Pagosonline.net S.A., a leading financial services Software-as-a-Service provider in Bogota, Colombia. Pagosonline recently integrated GigaSpaces eXtreme Application Platform(XAP) 7.1.1 into its web-based payment processing and aggregation platform.

XAP is an enterprise-grade, end-to-end in-memory application server for deploying and dynamically scaling distributed applications. Software vendors and organizations can now more quickly and cost-effectively develop, manage, and scale their business-critical Java and .NET applications, whether they are being used within the data center or as web- or cloud-based SaaS offerings.

“As a growing company, we project that our processing needs over the next five years will grow to at least five times current transaction rates,” says José Fernando Vélez, General Manager of Pagosonline. “We chose XAP as the most cost-effective solution to ensure our infrastructure costs won’t increase accordingly.”

XAP allows Pagosonline to linearly and dynamically scale its system without any diminishing returns. Meanwhile, XAP’s concurrent transaction management and multi-tenancy features maximize Pagosonline’s use of its existing hardware infrastructure.

“Pagosonline evaluated XAP through our free trial program,” says Amnon Raviv, head of ISV sales at GigaSpaces. “They were quickly up and running, requiring only minimal support from GigaSpaces. We’ve noticed this pattern recurring with our customers, as they utilize XAP’s open, rich APIs and support for standard frameworks.”

By embedding XAP in its payments service platform, Pagosonline will be able to leverage XAP’s fully transactional, best-in-class, in-memory data grid, its parallel processing engine, and a reliable, high-performance messaging infrastructure. This ensures that the Pagosonline development team can focus on improved functionality without worrying about the underlying infrastructure, speeding time to market. In the future, if Pagosonline decides its needs are better served with part of the application infrastructure on the cloud, thanks to XAP, it can transition from the data center to the cloud without a single code change.

“Thanks to the flexibility of GigaSpaces technology, ISVs benefit from the same features and cost-efficiencies our large data-center-focused customers have long enjoyed,” says John Giubileo, GigaSpaces Inc. Executive Vice President and General Manager. “GigaSpaces technology and consultancy services provide software vendors with a long-term solution that supports both their data center and cloud-based application offerings. With XAP ISVs can take their existing applications and offer them as a service online with minimal to zero code change,” he added.

About GigaSpaces

GigaSpaces Technologies is a leading provider of a new generation of application platforms for Java and .Net environments that offers an alternative to traditional application servers. Its flagship product, XAP, is an enterprise-grade application server for deploying and dynamically scaling distributed applications under any requirement.

GigaSpaces customers depending on our reliability and millisecond latency include dozens of Global Fortune 100/500 companies, including Société Générale and British American Tobacco; six of the world’s top 10 investment banks and financial services companies like Dow Jones; leading telecommunications carriers and eCommerce companies like eBay; and five of the world’s top online gaming companies and Internet media organizations. GigaSpaces was founded in 2000 and has offices in the United States, Europe, and Asia.

For more information, please visit http://www.gigaspaces.com, our blog at http://blog.gigaspaces.com or contact:

K2 Strategic Innovations

Amy Kenigsberg

amy (at) k2-si (dot) .com

+972 9 794 1681 (GMT +2)

U.S. +1 913 440 4072 (ET +7)

About Pagosonline

Pagosonline is the leading Payments Services Provider in Colombia, offering a wide range of Payment Processing Services and Fraud Detection and Monitoring Services. Pagosonline is currently expanding its offering to other countries in the region, mainly focusing on the international merchants that want to sell to Latin America. Some of Pagosonline customers include Sony, Amway, Avianca and other renowned local players.

For more information visit http://www.pagosonline.com or contact Martin Schrimpff at martin.schrimpff (at) pagosonline (dot) com.

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Michigan Mortgage Negotiators Offers Free Seminar On “The Six Legal Ways to Avoid Foreclosure” and how to Successfully Modify your Mortgage

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

Grosse Pointe, MI (PRWEB) September 23, 2010

Did you know that 85% of all home mortgages written between 2000 and 2008 have one or more significant violations of federal or state law that will help you get your mortgage modified.

The seminar will also provide an in-depth look at mortgage modifications and provide participants with information on how to obtain a successful and beneficial loan modification. The seminar will cover the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA) and how minor violations of either act can give the homeowner powerful leverage in dealing with their bank or mortgage lender. Mark Wilk Law will also discuss forensic loan audit techniques and its value as a tool to assure a successful modification or, in some cases, providing the homeowner the opportunity to cancel their mortgage and obtain a full refund of all money paid to the lender from the beginning of the mortgage.

According to attorney, Mark Wilk, founder of Michigan Mortgage Negotiators, “85% of all mortgages written between 2000 and 2008 have one or more significant violations of federal or state laws. It is these violations that provide the avenue for homeowners to receive a quick and beneficial mortgage modification.”

“Banks and mortgage lenders have no incentive to take a proactive approach in helping homeowners solve their financial problems” said Wilk. “Banks would rather put a family out on the street then try to find a way to keep the family in their house and still collect some revenue.”

“Our seminar makes it much easier for homeowners to learn about the options and tools available to help them through their financial difficulties from an organization dedicated to serving the homeowner’s needs rather than trying to pick up information on their own.” Wilk added. “If the homeowner invests two-hours listening to the material presented, he or she will know enough to be able to make the decisions necessary to save their home, stop foreclosure and get back on solid financial ground.”

To register for this free seminar on Saturday, October 9, 2010, please visit our web site at www.markwilklaw.com and click on “UP-COMING EVENTS” to register, or call us at 586-404-0076. Pre-registration is recommended.

Michigan Mortgage Negotiators, LLC, a division of Mark Wilk Law, PLLC, and its attorneys provide mortgage modification, forensic loan auditing and litigation services to homeowners in Wayne, Macomb, Oakland, and Livingston counties of Michigan who are in need of a mortgage loan modification to save their home from foreclosure. We also provide litigation services to homeowners who are the victims of predatory loan practices, unscrupulous brokers and mortgage lenders.

If you would like more information about this topic, or to schedule an interview with attorney Mark Wilk, please call Mark at 586-404-0076 or e-mail him at markwilklaw(at)att(dot)net.

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Forex International Trading Corp – Trade Forex Successfully

September 25th, 2010 by Bank Loan | No Comments | Filed in Forex
Forex
by Trading Rich Mom

Forex International Trading Corp – Trade Forex Successfully

Forex International Trading Corp

If you want to trade Forex successfully you have two possible ways of accomplishing this: learn how to do it yourself or have somebody do it for you. Forex International Trading Corp

Learning how to make money trading Forex

This approach has the advantage of you being in control and actually knowing what you’re doing. The disadvantage of this approach is that you have to be involved and spend some time and money to learn how to trade successfully. To be prepared for live trading currencies you will need at least 3 months of training and 3-9 months of demo and micro- or mini-account trading before you can start trading live with your money. You can start learning the basics using some free resources that you can find on the net, e.g. at babypips.com or the Forex Factory websites but if you want to trade Forex successfully, eventually you will need to take a course on Forex trading.

Some may think that this is too much work and too much effort, but when you think about it 8 or 12 months is a very short period of time, when compared to how long it takes and how much money you spend on your education in many other occupations. Take a look at the following table, which lists some of the more “prestigious” and higher-paying jobs and compares them to your Forex day trader “job”:

Occupation Avg. earnings year 1 Avg. earnings year 5 Training cost Training Duration

Doctor            0,000                                0,000           0,000      16 years (4 yrs college, 4 yrs med school, 8 years residency)

Lawyer             ,000                                  ,000           0,000       7 years (4 yrs college, 4 yrs law school)

Programmer      ,000                                  ,000           0,000      6 years (4 yrs undergrad, 4 yrs optional post-grad)

Now let us compare these figures with what a Forex trader can earn a year and how long it takes to become one… Forex International Trading Corp

Assuming you will spend 1 year on your training and demo and mini-account trading before you start trading live standard accounts and that your initial deposit will be ,000, your education costs are as follows:

0 – spent on Online Forex Courses

0 – Trading Software (if you want to use automation, otherwise )

0 – Books or financial magazines subscription

0 – 1 “blown” mini account. In other words we are assuming that you will start your trading on a mini, with a deposit of 0 and will completely destroy this account during your training (which in fact is virtually impossible, because even in the worst case scenario, where you open bad trades one after another you will still get back the margin portion of your account). At any rate – consider this 0 dollar account part of your tuition, the price of learning a new skill and don’t cry over it. When you learn how to trade Forex successfully you will be making this kind of money in one afternoon! :-)

0 – Misc. expenses – money spent on magazine subscriptions, e-Books, etc.

——

00

The above assumptions are more than realistic. As a matter of fact it is quite possible that you will be able to complete your training phase way earlier and that you will spend, say, 0 on online Forex courses instead of 0, and that you will not lose your 0 mini- or micro-account but will successfully make or 0 dollars in profits with it! However, I’d rather you assume the worst and be pleasantly surprised than the other way around! Forex International Trading Corp

Always dream of being Rich? Never able to make a Consistent Profit through trading?

Get your Forex International Trading Corp and be Successful forever!

Try this Forex Auto Money and be Financial Free in 6 Months!

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United Community Mortgage Corp. Successfully Implements PriceMyLoan National Mortgage Lender Gains Efficiency, Expands Business Using Technology

September 18th, 2010 by Bank Loan | No Comments | Filed in Loans

Foreclosure Angel A woman buys a stranger’s foreclosed home… and gives it back to her. If you want to know more about this angel contact her on facebook and send her a message here: www.facebook.com Marilyn Mock Says ‘People Need to Help Each Other’ By JONANN BRADY Tracy Pottsboro lost her job and then her home when she couldn’t make mortgage payments. On Saturday, she watched as her home was auctioned off in Dallas. “The final farewell to my house,” Pottsboro said. “It means so much to all of us. It’s not just a house.” Auctions on foreclosed houses are an opportunity for some and agony for those who’ve lost their homes. From July through September of this year, more than 2700 Americans lost their homes to foreclosure every day, according to The Associated Press. In Texas, almost 9200 homes entered the foreclosure process in September. On Saturday, Pottsboro took her seat among the crowd, waiting for house No. 73 to be called. Marilyn Mock, a small-business owner from Rockwall, Texas, had accompanied her son, who was interested in buying a house, to the auction that day. Mock was sitting near Pottsboro and noticed that she was upset. “She was crying, and I asked her what is she upset about, and you know, she lost her house,” Mock said. When the No. 73 came up and the auction began, Mock said she asked Pottsboro, “Is it worth it?” “She said yes. & I just kept taking her word,” Mock said. Mock ended up winning the auction, with a bid of about 000. And just like that …


Costa Mesa, CA (PRWEB) June 24, 2009

United Community Mortgage Corp. (UCMC), a national wholesale and retail mortgage lender, recently announced the successful deployment of PriceMyLoan, an automated underwriting and loan pricing engine. The web-based platform allowed UCMC to unite their remote locations and improve the effectiveness of their operations during a period of intense mortgage lending activity.

“We’ve more than doubled our loan volume in the past few months,” said Mike Lucey, director of secondary marketing at UCMC. “Our biggest concern was keeping turn times within our usual 48-hour window. PriceMyLoan improved our process to the extent that we could meet this goal without adding more staff. Given the volatility in today’s mortgage market, that’s a tremendous advantage.”

PriceMyLoan provided UCMC with an online portal for loan originators to qualify, price and submit rate locks directly to their pricing desk. The integrated platform allows originators to upload loan files from various loan origination systems (LOS) and electronically transmit loan data to their processing, underwriting and secondary marketing departments. PriceMyLoan’s robust loan management features enabled UCMC to fully process, underwrite and lock loans without ever leaving the system. This resulted in the elimination of several resource-intensive steps and decreased circulation of paper documents.

“PriceMyLoan is an online access point where originators can literally drop a qualified and priced loan right into the pipeline of our operations staff,” said Lucey. “We don’t need to jump through the hoops of emailing, faxing, downloading, double printing — everything occurs electronically and information is exchanged more accurately in real-time. We’re saving at least 00 per week from the productivity gains alone.”

UCMC is taking advantage of current market conditions and expanding their operations by adding new branches. The web-based model of PriceMyLoan has enhanced their ability to grow by making the setup and tracking process easier to implement. The technology itself has helped them attract branches and migrating staff off of legacy systems onto PriceMyLoan proved much easier than they thought. Most important to UCMC, however, is the level of support they receive from PriceMyLoan.

“I’ve dealt with technology vendors for over twenty years now, and I can honestly say that I’ve never experienced a company that resolves issues like PriceMyLoan does,” said Lucey. “Anyone who has experience in this industry knows what I mean when I say that PriceMyLoan works with us, instead of against us. That’s the kind of relationship I need as our company moves forward.”

About PriceMyLoan

PriceMyLoan is a proprietary product of Insight Lending Solutions (ILS). Founded in 2002, ILS provides web-based application service for the mortgage lending industry and software as a service (SaaS) to its clients to enhance productivity, reduce IT dependency, and accelerate time-to-value for mortgage companies. Combining advanced technology development using XML and MISMO standards with high-quality service, ILS provides its clients with solutions that result in reduced loan cycle times, improved pull through rates, and a lowered total cost of software ownership. For more information, please visit PriceMyLoan Website.

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mike lucey loans

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Ferman Nissan Successfully Implements Aimbridge?s PowerBridge? Solution

September 9th, 2010 by Bank Loan | No Comments | Filed in Loans

December 4, 2008 Senator Dodd Senate Banking Comtte Auto Industry Loan Bailout Chyrsler Robert Nardelli GM CEO Rick Wagoner Ford CEO Alan Mulally Mark Zandi Moody’s Economy.com UAW official Ron Gettelfinger

Englewood, CO (PRWEB) August 24, 2006

Aimbridge® Indirect Lending recently announced that Ferman Nissan has successfully implemented PowerBridge™, a system integration solution, to streamline their loan application process. Aimbridge Indirect Lending is a national distribution channel that connects financial institutions with automotive dealer networks to facilitate automobile loans.

PowerBridge™ is the latest addition to the AimbridgeConnect™ suite of lending tools. It is a technology solution that electronically connects Aimbridge dealer partners to AppLine™, the Aimbridge online application tool, from their Dealer Management System (DMS). PowerBridge is accessed through the dealer’s existing Aimbridge workflow management system.

According to Steve Straske, Vice President and Corporate Counsel for Ferman Management Services Corporation (which is the management company for the Ferman group of retail automobile and motorcycle dealerships, including Ferman Nissan), PowerBridge allows for real-time transmission of application data from the DMS directly into AppLine. “PowerBridge provides us with greater efficiency and accuracy in the submission of loan applications to credit unions. Because the data downloads directly from our DMS into AppLine, we are able to process applications faster and with a greater level of accuracy”, said Straske. “These two factors as well as the future advantages of using a product like this one are the primary reasons that Ferman Nissan adopted PowerBridge into our loan application process.”

“We are very excited about the opportunities that PowerBridge affords our dealership partners,” said David Lindsey, Vice President of Technology at Aimbridge. “With this type of connectivity in place, the sky’s the limit in terms of what we can accomplish in the name of productivity and efficiency. Everything from quicker, more accurate loan booking and processing, to direct support of e-contracting and e-signatures become realities with PowerBridge. With PowerBridge in place, we can market dealership vehicle inventories directly to our extensive customer base and drive volume into the dealership.”

About PowerBridge for Dealers

PowerBridge is a technology solution that electronically connects the Aimbridge lending system to dealerships’ as well as lenders’ core processing systems thereby creating a real-time channel for transmission of data. PowerBridge is accessed using the Aimbridge workflow management system, and the AimbridgeConnect suite of lending tools.

PowerBridge Advantages:

Dealer Management System integration to AppLine™

Auto-population of loan application data to and from the DMS

Support of eContracting, eSignatures, and eDocument Fulfillment

Vehicle Inventory hosting and lead generation

About Ferman

In 1895, as bicycles were becoming all the rage, Fred Ferman, just 21 years old, became the sole owner of a small bicycle sales and repair shop in small-town Tampa. Before there were gas-powered contraptions on Tampa’s dusty streets, there were horse-drawn carriages and wagons, and importantly for a young Fred Ferman, there were bicycles. But Fred saw a new world of transportation taking hold, and in 1902, he applied for and was awarded a pioneering sales agency to sell the famous Curved Dash Oldsmobile — the first mass-produced automobile. This was the beginning of a family business which would operate and prosper well into the 21st century.

Today, with 12 brands at 18 locations in three counties, and over 1000 dedicated employees, the Ferman Motor Car Company pledges to continue its century plus tradition of providing quality transportation products — automobiles and motorcycles — and excellent service. In a world of corporate mission statements and profit objectives, Ferman Motor Car Company bases its entire business philosophy on one simple premise: The Golden Rule. It’s a philosophy that has earned Ferman the trust and respect of the car-buying public — one customer and one car at a time.

About Aimbridge

Founded in 1994, Aimbridge markets auto loans and insurance products through partnerships with financial institutions and auto dealerships. The company helps its partners attract customers or members and deepen their relationships by providing reasons to do business locally.

Aimbridge Lending is comprised of Aimbridge Indirect Lending and Aimbridge Financial Services. The company is headquartered in Englewood, Colorado and has remote offices throughout the United States.

For additional information, visit www.aimbridge.com.

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