Commerce – SBS Depot http://sbs-depot.com/ Wed, 02 Feb 2022 08:06:10 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://sbs-depot.com/wp-content/uploads/2021/05/default1-150x150.png Commerce – SBS Depot http://sbs-depot.com/ 32 32 How To Spot A Bad Credit Loans Fraud? https://sbs-depot.com/how-to-spot-a-bad-credit-loans-fraud/ Wed, 02 Feb 2022 08:04:04 +0000 https://sbs-depot.com/?p=3331 How To Spot A Bad Credit Loans Fraud?The frauds associated with loan lending are widespread, and you must be aware enough to recognize these scams. When people are discontent with their financial woes the scammers are able to find their weaknesses and attempt to extort their hard-earned funds. Therefore, it is crucial to understand how scammers attempt to contact you to avoid these scams! […]]]> How To Spot A Bad Credit Loans Fraud?

The frauds associated with loan lending are widespread, and you must be aware enough to recognize these scams. When people are discontent with their financial woes the scammers are able to find their weaknesses and attempt to extort their hard-earned funds. Therefore, it is crucial to understand how scammers attempt to contact you to avoid these scams! go to OakParkFinancial.com and try for free


Did you receive an unpleasant phone call?

If you are applying for a loan the lender will call you to verify a few specifics. In the same way, scammers try to contact individuals through messages, calls, or via email, to gain access to bank details.

Now comes the question what is the best way to discern what is a real phone call and a fake? To be honest the majority of it is based upon your capacity to determine the credibility of others and discern fake information, however, knowing a bit about scams can be helpful to make a better decision overall.

First, verify the certificate of the lender at the Attorney General’s website. There is a lot of information on the site. Additionally, you should inquire about details like interest rates, charges, as well as the terms and conditions. If they’re not clear on any of these, they are fraud. If, for instance, the person calling you solicits your bank account details or any other security deposit without a written contract that could be a fraudster.



Does the lender have a vague view of the fees for the loan?

Swindles may come in many kinds. While some attempt to access your bank information, some give you loans with hidden costs that don’t make sense. The second scam occurs when the lender isn’t clear about the total price of the loan. They are hesitant to disclose details of the conditions and terms of the loan and don’t explain the various costs associated with their packages.

When you get credit, lenders will inundate you with hidden fees that could even be higher than the loan amount. So, it’s your responsibility to go through these terms of conditions carefully and be sure that there aren’t additional charges.

Do you need to pay any charges prior to you can take the loan?

We are all aware that loans are a necessity in times of need when people are short of cash. So, how do they be able to afford a cost in advance? However, some scammers demand an origination fee prior to granting the loan and then disappear afterward. Remember that loan fee are paid when you receive the loan, typically in the total amount.

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Consumers complain about quick loans from metro Atlanta company https://sbs-depot.com/here-are-a-few-options-to-get-cash-to-that-may-work-for-you/ https://sbs-depot.com/here-are-a-few-options-to-get-cash-to-that-may-work-for-you/#respond Thu, 20 May 2021 10:35:29 +0000 https://sbs-depot.com/?p=638 ATLANTA — An Atlanta company says it makes it easy for you to quickly get a loan to pay the people doing construction or repair work on your home. But a Channel 2 Action News investigation found the same things that make the system so simple could put your money at risk to shady contractors. Channel 2 […]]]>

ATLANTA — An Atlanta company says it makes it easy for you to quickly get a loan to pay the people doing construction or repair work on your home.

But a Channel 2 Action News investigation found the same things that make the system so simple could put your money at risk to shady contractors.

Channel 2 investigative reporter Justin Gray noticed a common thread between complaints we received over several months.

They ended up owing the same Atlanta company, Greensky, thousands of dollars.

There are a number of different ways to borrow money that are both affordable and safe. If you take time to go to OakParkFinancial.com and try for free then you will choose the one that will work the best for your needs.

Pots and pans cover the floor of 75-year-old Della Patterson’s LaGrange, Georgia, home. When it rains, water pours through holes in the roof of the house she has owned for more than 40 years.

“Me and my husband had this house built from the ground,” Patterson said.

But every day, for more than a year, Patterson’s phone would ring, sometimes multiple times a day.

“Sometimes, I just lay up in the bed and cry. And wonder why they do me like they did,” Patterson said.

It was an Atlanta company, Greensky, calling. Greensky wanted to be paid for the loan on the new roof. A loan Patterson says she never signed up for, and a roof that was never installed.

“If they had done anything from me and fixed my house, I wouldn’t mind paying them. But they did nothing for me,” Patterson said.

MORE STORIES FROM 2 INVESTIGATES:

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In DeKalb County, Alice Lowery owes Greensky more than $40,000 for work to remove mold and rebuild her basement.

Lowery is physically disabled and mostly blind. The basement is still a mess.

“I’m very nervous. I’m scared. I’m afraid,” Lowery said.

So how is Greensky involved?

Greensky calls itself a technology company, not a lender or a bank.

It’s pitch: In seconds, vendors can easily get a customer approved for a loan through Greensky with a smartphone or tablet. The money goes straight to that vendor, not the customer.

Consumer advocates say that is a big red flag.

“That is just so dangerous,” said Liz Coyle, executive director of the nonprofit consumer protection group Georgia Watch. “If a contractor wants to take advantage of somebody, Greensky gives them the perfect venue to do that.”

That’s exactly what happened to Della Patterson.

A roofer came by the house and tried to convince her to sign up for a Greensky loan. She says he called her repeatedly, trying to pressure her into getting the financing. Patterson says she never agreed to it.

“I said I don’t want to go through no loan,” Patterson said.

But she says the roofer signed her up for a Greensky loan anyway. He got the money, and never showed up again to do any work.

Greensky refused an on-camera interview, but the company’s vice chairman Gerry Benjamin told Gray in a phone call that they carefully vet merchants.

“If there is an unscrupulous merchant, we’ll throw them off the platform,” Benjamin said. “We are totally an advocate for the consumer.”

Benjamin said in an email:

The GreenSky Program customer complaint rate is consistently but a fraction of that reported by Visa and Mastercard in card-not-present situations.”

Lowery’s contractor, Mina Ownlee of C and M remodeling, told us she tried to become an approved Greensky merchant and was turned down.

But she still got paid more than $20,000 from Greensky for the incomplete work on Lowery’s home anyway.

“You are not a Greensky vendor?” Gray asked.

“I’m not a Greensky vendor,” Ownlee said.

“But she took out a loan with GreenSky and paid you through it?” Gray followed up.

“Correct,” Ownlee said.

Class action lawsuits have been filed against Greensky in California and Missouri.

In a 2018 court case, state of Alabama investigators determined Greensky “abdicated and outsourced its role and obligations as lender.”

After our phone conversation, Greensky’s vice-chairman personally stepped in and canceled Patterson’s debt.

Greensky says it kicked that roofer off its platform shortly after Patterson was unknowingly signed up for that loan.

But Greensky still tried to collect money from Patterson more than a year after.

As for how an unapproved vendor can get paid by Greensky, Benjamin wrote us, saying:

“Consumers are frequently provided with a 15 digit ‘shopping pass’ (ie. a virtual MasterCard), whereby any merchant accepting Visa, MasterCard, or Amex, via a customary POS terminal, may also accept Greensky as a mode of consumer payment.”

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China and Brazil have greenest central banks in the world, activists say https://sbs-depot.com/china-and-brazil-have-greenest-central-banks-in-the-world-activists-say/ https://sbs-depot.com/china-and-brazil-have-greenest-central-banks-in-the-world-activists-say/#respond Thu, 08 Apr 2021 02:38:35 +0000 https://sbs-depot.com/china-and-brazil-have-greenest-central-banks-in-the-world-activists-say/ FRANKFURT (Reuters) – China has the greenest central bank in the world, followed by Brazil, both beating the richest countries with concrete measures such as lowering interest rates on loans for construction projects. fight against pollution, an activist group said on Wednesday. FILE PHOTO: A man wearing a mask walks past the headquarters of the […]]]>

FRANKFURT (Reuters) – China has the greenest central bank in the world, followed by Brazil, both beating the richest countries with concrete measures such as lowering interest rates on loans for construction projects. fight against pollution, an activist group said on Wednesday.

FILE PHOTO: A man wearing a mask walks past the headquarters of the People’s Bank of China, the central bank, in Beijing, China as the country is hit by an outbreak of the novel coronavirus on February 3, 2020. REUTERS / Jason lee

UK campaign group Positive Money has ranked central banks and financial supervisors in G20 countries based on their efforts to tackle climate change.

Only three of them got a pass: China, Brazil and France.

The results may surprise some as China, which scored the highest in the report, is one of the world’s biggest polluters and Brazil has been criticized for destroying parts of the Amazon rainforest.

But the study’s authors said financial policymakers in both countries acted sooner precisely because they faced greater environmental threats.

“This makes environmental impacts and risks more immediately visible and relevant to their central bankers and supervisors, and can provide a greater impetus for greening their policy-making processes,” Positive Money said.

For example, the People’s Bank of China’s first green initiative dates back to 1995 and banks are now required to offer cheaper loans on environmentally friendly projects, according to the report.

Brazil stands out for restricting funding for crop expansion in the Amazon and other vulnerable regions.

France, which largely derives its monetary policy and financial regulation from the European Union, narrowly beat its EU peers to third place thanks to extra points gained from its own major climate stress test. banks and insurers.

This is in addition to measures taken by the European Central Bank, which has started requiring banks to take climate change into account when granting loans and is considering adopting a green bias in its bond purchases.

The report mainly focuses on official policy and does not reflect the effectiveness of the implementation.

NO CONSENSUS

The role of central banks in tackling climate change is the subject of increasing global debate, but so far there is no consensus on the way forward.

A report by a group of 89 institutions released last week found that all policy options, such as skewing central bank funding in favor of green issuers or punishing polluters, have drawbacks.

A key problem is that engaging in climate policy would raise questions about two sacred cows of the past three decades: the central bank’s independence from politics and its resolute focus on inflation, associated in some countries with employment.

Indeed, the Chinese central bank is not independent of its government while that of Brazil has just obtained its autonomy.

Positive Money advocated throwing such scruples to the wind because the costs of inaction would be more severe, and called for stifling funding for polluters.

“Targeting the riskiest and most harmful assets for the environment – such as those linked to the extraction of fossil fuels – to exclude them from monetary policy operations and limits or penalizing factors in prudential policy would be a first milestone, ”he said in the report.

Reporting by Francesco Canepa; Editing by Marguerita Choy

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“Punky Brewster”, starring Soleil Moon Frye, stumbles upon Peacock: how to watch / stream https://sbs-depot.com/punky-brewster-starring-soleil-moon-frye-stumbles-upon-peacock-how-to-watch-stream/ https://sbs-depot.com/punky-brewster-starring-soleil-moon-frye-stumbles-upon-peacock-how-to-watch-stream/#respond Thu, 08 Apr 2021 02:38:25 +0000 https://sbs-depot.com/punky-brewster-starring-soleil-moon-frye-stumbles-upon-peacock-how-to-watch-stream/ The punk power is back! Soleil Moon Frye revives “Punky Brewster”, the iconic character she made famous in the 1980s, on the Peacock Network. CLICK HERE for a FREE subscription (no credit card required) to peacock or try Peacock premium free for 7 days. The ’80s sitcom saw Punky as a young girl raised by […]]]>

The punk power is back! Soleil Moon Frye revives “Punky Brewster”, the iconic character she made famous in the 1980s, on the Peacock Network.

CLICK HERE for a FREE subscription (no credit card required) to peacock or try Peacock premium free for 7 days.

The ’80s sitcom saw Punky as a young girl raised by a foster father. Fast forward to today and Punky is now a single mother of three. She meets a young girl in the reception system, Izzy, who reminds Punky of his youth.

Punky Brewster also stars Cherie Johnson, who is reprising her original character. Freddie Prinze Jr. plays Travis, Punky’s ex-husband, Quinn Copeland plays Izzy, Noah Cottrell plays Diego, Oliver De Los Santos plays Daniel and Lauren Lindsey Donzis plays Hannah.

RELATED: WWE Network’s Switch To Peacock Cuts Fans In Half Per Month Price: How To Subscribe

About peacock: Peacock is NBCUniversal’s streaming service. Peacock offers exclusive originals, on-demand libraries of blockbuster TV shows and critically acclaimed films. In addition, Peacock also offers a wide range of news, sports, late night, Spanish language and reality TV.

CLICK HERE for a FREE subscription (no credit card required) to peacock or try Peacock premium free for 7 days.

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Iraqi man in Syracuse accused of lying about membership in Iran-backed militia https://sbs-depot.com/iraqi-man-in-syracuse-accused-of-lying-about-membership-in-iran-backed-militia/ https://sbs-depot.com/iraqi-man-in-syracuse-accused-of-lying-about-membership-in-iran-backed-militia/#respond Thu, 08 Apr 2021 02:38:15 +0000 https://sbs-depot.com/iraqi-man-in-syracuse-accused-of-lying-about-membership-in-iran-backed-militia/ Syracuse, NY – Syracuse Iraqi man faces at least five years in prison for allegedly lying to immigration officials about his association with an Iran-backed militia as part of his green card application here, according to the United States attorney. Office. Chasib Hafedh Saadoon Al Fawadi, 35, has been in the United States since around […]]]>

Syracuse, NY – Syracuse Iraqi man faces at least five years in prison for allegedly lying to immigration officials about his association with an Iran-backed militia as part of his green card application here, according to the United States attorney. Office.

Chasib Hafedh Saadoon Al Fawadi, 35, has been in the United States since around early 2016 after applying for refugee status while in Turkey. He claimed he and his family were persecuted in Iraq for refusing to help Asa’ib Ahl al-Haq, a Shiite militia, kidnap Sunni Muslims, according to a federal indictment.

Al Fawadi has been living in Syracuse since January 2016. While here, he was the subject of additional reviews and interviews with officials from the US Citizenship and Immigration Service.

In his citizenship application, Al Fawadi said he had no association with the Iranian-backed militia. He also said he had never traveled outside of Iraq and Turkey, when in fact he had visited Iran, Syria and Jordan, according to the indictment.

Prosecutors allege that Al Fawadi claimed he had never been a member of the militia in the application forms and in two subsequent interviews while he was here. But investigators allege that he actually provided “material support” to the militias, in addition to receiving military and weapons training from them.

Lying on application forms and during interviews is a federal crime. The eight-page indictment filed in federal court yesterday does not explain how investigators determined he was involved with the militia group and lied in his claim.

The militia, which is translated as “League of the Righteous,” is one of the main militias operating in Iraq to advance Iran’s interests, according to the Stanford University Center for International Security and Cooperation. It has been around since 2006.

Since then, he has carried out thousands of attacks on American and Iraqi forces, including rocket attacks on the United States Embassy, ​​and carried out kidnappings of Westerners, according to the Institute for the Study of War, a defense think tank.

If convicted, Al Fawadi faces up to five years in prison for each misrepresentation charge, plus three years of probation and a fine of up to $ 250,000.

Contact reporter Patrick Lohmann at (315) 766-6670 or PLohmann@Syracuse.com.

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How To Budget For A New Home So You Don’t End Up In A Poor Home Immovable https://sbs-depot.com/how-to-budget-for-a-new-home-so-you-dont-end-up-in-a-poor-home-immovable/ https://sbs-depot.com/how-to-budget-for-a-new-home-so-you-dont-end-up-in-a-poor-home-immovable/#respond Thu, 08 Apr 2021 02:38:01 +0000 https://sbs-depot.com/how-to-budget-for-a-new-home-so-you-dont-end-up-in-a-poor-home-immovable/ Saving 1% of the property’s value is a good starting point for annual maintenance expenses, says Ibijoke Akinbowale, director of the Housing Counseling Network at the National Community Reinvestment Coalition. But, she notes, you may need to increase the value of the property by as much as 2% depending on the age and condition of […]]]>

Saving 1% of the property’s value is a good starting point for annual maintenance expenses, says Ibijoke Akinbowale, director of the Housing Counseling Network at the National Community Reinvestment Coalition.

But, she notes, you may need to increase the value of the property by as much as 2% depending on the age and condition of your home, the repairs you’ve already made and the size of the property. life expectancy of housing components such as the roof or the furnace.

Tips to avoid being poor at home

Even if you plan a home properly, it is possible to become poor if a job loss or medical emergency prevents you from paying your bills.

Here are the steps you can take before and after buying a home to avoid spending too much of your income on homeownership:

Make a larger down payment. If you put in more money, it will lower your monthly mortgage bill. While you can eliminate private mortgage insurance with a 20% down payment, make sure the down payment you choose doesn’t leave you with no savings or unable to manage your monthly bills.

Start an emergency housing fund. Make sure you have enough room in your housing budget to continue building your emergency fund. Setting aside money each month specifically for housing expenses can provide you with a cushion for the unexpected.

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Government to review student loan repayment rules – Kipanga https://sbs-depot.com/government-to-review-student-loan-repayment-rules-kipanga/ https://sbs-depot.com/government-to-review-student-loan-repayment-rules-kipanga/#respond Thu, 08 Apr 2021 02:37:43 +0000 https://sbs-depot.com/government-to-review-student-loan-repayment-rules-kipanga/ Deputy Education, Science and Technology Minister Kipanga Juma Omary told the National Assembly on Wednesday that the move aims to reduce the burden of paying for loans that recipients carry after completing their studies. The Deputy Minister said this while responding to a further question from Special Seats MP Halima Mdee (Chadema), who claimed that […]]]>

Deputy Education, Science and Technology Minister Kipanga Juma Omary told the National Assembly on Wednesday that the move aims to reduce the burden of paying for loans that recipients carry after completing their studies.

The Deputy Minister said this while responding to a further question from Special Seats MP Halima Mdee (Chadema), who claimed that the majority of HESLB loan recipients find it difficult to pay the loans even if they don’t. had no income-generating activity after completing their studies.

“The HESLB beneficiaries spent years on the streets without finding a job, this also prevented them from repaying their loans on time, but in the end the government punishes them by increasing the amount of their payment by the bias in penalties and unfavorable interest rates ”Mdee asserted.

The Deputy Minister responded that: “We have received a number of complaints about interest rates and penalties on loans from HESLB recipients, so we will be working on that to see how we can reduce them or even removing them to provide relief. to Tanzanian students.

In his follow-up question, George Mwenisongole (Mbozi-CCM) inquired about the government’s plans to reduce interest rates and levies on loan recipients to reduce the burden on poor students.

The deputy minister clarified that the 15 percent deduction from gross salary is not interest but a loan repayment deduction itself.

Clarifying deductions on loans and interest rates, Minister Joyce Ndalichako said the government is not charging a 10 percent interest rate as many people think, but is charging retention fees of six percent value.

“The 15% deductions do not apply to interest, as some stakeholders have stated. These are the total deductions that a beneficiary deducts from their monthly salary that are submitted to HESLB by the employer, ”said Professor Ndalichako.

In a grassroots question, Busokelo MP Atupele Mwakibete sought out the government’s plans to expand services and ensure that more poor students get the loans to enable them to fulfill their higher education dreams.

Deputy Minister Omary responded that the government will continue to increase the budget to ensure that more students benefit from the loans.

“In 2021/22 we proposed a budget of 500 billion / – for HESLB loans. I am sure that more eligible students will benefit from these loans, ”he said.

In early November 2017, Parliament passed amendments to the HESLB Act of 2004 that initially required employers to deduct the 15 percent of gross salaries of loan recipients from the previous eight percent, changes that were subsequently made to from January 2018.

The law also gives the loan commission the power to effectively reprimand beneficiaries and employers. In the new changes, an employer who fails to provide details to the board risks fines and jail time of at least 36 months.

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Northampton gears up for virtual first night celebration https://sbs-depot.com/northampton-gears-up-for-virtual-first-night-celebration/ https://sbs-depot.com/northampton-gears-up-for-virtual-first-night-celebration/#respond Thu, 08 Apr 2021 02:37:21 +0000 https://sbs-depot.com/northampton-gears-up-for-virtual-first-night-celebration/ As Americans prepare to ring in a New Year full of promise and hope now that the coronavirus vaccine has arrived, the virus is preventing people from gathering at traditional celebrations. However, First Night Northampton, which started in 1985, continues to live on as a virtual, family-friendly arts festival presented by the Northampton Arts Council […]]]>

As Americans prepare to ring in a New Year full of promise and hope now that the coronavirus vaccine has arrived, the virus is preventing people from gathering at traditional celebrations.

However, First Night Northampton, which started in 1985, continues to live on as a virtual, family-friendly arts festival presented by the Northampton Arts Council with its partners PeoplesBank.

While this was a major fundraiser in the past with 100 percent of the proceeds going to local arts, this year’s event is free and will be shown online and on TV featuring the favorite artists of the past alongside new artists, as well as the fireworks and the dawn of the ball.

First night revelers can celebrate in the comfort of their own homes by tapping online at the links provided at firstnightnorthampton.org or Northampton Comcast Cable channels 12, 15 and 23.

A full list of performances includes:

  • SHOW Circus Studio: Circus of Light, 12:02 a.m.-12:38 p.m.
  • Henry the juggler, 12:39 p.m. – 12:56 p.m.
  • School for Contemporary Dance and Thought (SCOT), videos broadcast throughout the day
  • John Porcino Storyteller-Musician, 1 p.m.-1:25 p.m.
  • Puppets Tom Knight, 1:26 p.m. to 1:53 p.m.
  • Yo-Yo Guy, 1:54 p.m. – 2:17 p.m.
  • Monsieur G, 2:30 p.m. to 2:50 p.m.
  • Zoé Lemos, 2:51 pm-3:19 pm
  • Roger Salloom, 3:20 p.m. to 3:45 p.m.
  • Ragtime Piano with Dick Molding, 3:46 p.m. – 4:16 p.m.
  • Ray Mason, 4:17 p.m. – 4:44 p.m.
  • Les Pangées, 4:45 p.m. – 5:19 p.m.
  • Diana Alvarez, 5:20 p.m. – 5:40 p.m.
  • StompBoxTrio, 5:41 p.m. – 6:01 p.m.
  • Kalliope Jones, 6: 02-6: 32
  • Duo Max ZT and Priya Darshini, 6:41 p.m. – 7:08 p.m.
  • Myles Jeh, 7:09 p.m. – 7:39 p.m.
  • Peter Blanchette, archguitar and friends, 7:39 p.m. – 8:01 p.m.
  • Kimaya Diggs, 8:02 PM-8:23 PM
  • Lisa Bastoni and Sean Staples, 8:24 p.m. – 8:53 p.m.
  • The Lonely Brothers, 8:54 p.m. – 9:24 p.m.
  • Tracy Grammer and Jim Henry Duo, 9:26 p.m. – 9:56 p.m.
  • The fawns, 9:58 p.m. – 10:25 p.m.
  • Izzy Heltaï, 10:27 pm-11pm
  • Les O-Tones, 11:02 p.m. – 11:30 p.m.
  • Klezamir, 11:32 pm-11:55pm

Although the event is free, the lack of button sales this year will discourage fundraising efforts to benefit local arts enrichment activities.

For those who wish to continue supporting the arts, donations can be made to the Northampton Arts Council online at firstnightnorthampton.org.

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Wyoming Maker Approved For Home Improvement Loan | Business https://sbs-depot.com/wyoming-maker-approved-for-home-improvement-loan-business/ https://sbs-depot.com/wyoming-maker-approved-for-home-improvement-loan-business/#respond Thu, 08 Apr 2021 02:36:56 +0000 https://sbs-depot.com/wyoming-maker-approved-for-home-improvement-loan-business/ National HVAC Manufacturing Company LLC will receive a low-interest loan to renovate its 20,600 square foot manufacturing facility in Wyoming and purchase machinery and equipment, Governor Tom Wolf said on Wednesday. × This page requires Javascript. Javascript is required for you to read premium content. Please enable it in your browser settings. kAm% 9C @ […]]]>

National HVAC Manufacturing Company LLC will receive a low-interest loan to renovate its 20,600 square foot manufacturing facility in Wyoming and purchase machinery and equipment, Governor Tom Wolf said on Wednesday.

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Javascript is required for you to read premium content. Please enable it in your browser settings.

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Sales Boomerang Becomes ACUMA Affiliate Member, Bringing New Tools for Member Retention to Credit Unions https://sbs-depot.com/sales-boomerang-becomes-acuma-affiliate-member-bringing-new-tools-for-member-retention-to-credit-unions/ https://sbs-depot.com/sales-boomerang-becomes-acuma-affiliate-member-bringing-new-tools-for-member-retention-to-credit-unions/#respond Wed, 07 Apr 2021 23:17:44 +0000 https://sbs-depot.com/sales-boomerang-becomes-acuma-affiliate-member-bringing-new-tools-for-member-retention-to-credit-unions/ WASHINGTON, DC, April 6, 2021 (SEND2PRESS NEWSWIRE) – Sales Boomerang, the industry’s top-rated automated borrower intelligence and retention system, today announced its membership in the American Credit Union Mortgage Association (ACUMA) in as an affiliate member. As a member of ACUMA, Sales Boomerang provides tools for credit unions looking to improve member retention, increase utilization […]]]>

WASHINGTON, DC, April 6, 2021 (SEND2PRESS NEWSWIRE) – Sales Boomerang, the industry’s top-rated automated borrower intelligence and retention system, today announced its membership in the American Credit Union Mortgage Association (ACUMA) in as an affiliate member. As a member of ACUMA, Sales Boomerang provides tools for credit unions looking to improve member retention, increase utilization of mortgage and home equity loan programs, and strengthen referral relationships. with real estate agents.

Sales Boomerang alerts credit unions to member activity at the best times. For example, when a member’s credit activity indicates they can buy a mortgage or when their credit rating improves, Sales Boomerang notifications allow credit unions to help members apply for a loan. for which they were not previously qualified. On average, credit unions using Sales Boomerang improve member retention by 11.66% and see an average 20-40% increase in loan volume.

“We are proud to be an Affiliate Member of ACUMA and keen to help credit unions improve mortgage services to their members,” said Alex Kutsishin, CEO of Sales Boomerang. “Bringing the right loan options to members’ attention at the right time helps credit unions achieve their mission. We look forward to helping CUs focus on what matters most – their members.

ACUMA is an organization of and for credit unions that brings together common interests in mortgage lending and real estate finance. ACUMA’s member organizations include federally and state chartered credit unions and credit union service organizations (CUSOs), mortgage insurance companies, secondary market investors, investment banks, and credit unions. mortgage technology companies.

“Our organization serves as a resource for thousands of credit union professionals and their major suppliers to network, share knowledge, build relationships and increase market share,” said Tracy J. Ashfield, President of CAUSA . “We are delighted to present an additional resource to our members and to welcome Sales Boomerang.

About Boomerang Sales:

Sales Boomerang revolutionized the relationship between a mortgage lender and a borrower with the introduction of the only automated borrower intelligence system in 2017, which tells lenders when someone in their database is ready for a loan. Today, Sales Boomerang is the # 1 borrower retention strategy in the industry and has discovered over $ 30 billion in new volume for lenders. Sales Boomerang notifications are integrated with the industry’s best CRM / marketing automation systems to provide a seamless experience for lenders and borrowers. Sales Boomerang employees are dedicated to improving the lending experience for lenders and borrowers, and united behind the ethics – No Borrower Left Behind ™.

About ACUMA:

The American Credit Union Mortgage Association provides resources and training to credit unions aimed at streamlining the performance, processes, and procedures of mortgage lending services. ACUMA’s goal is to encourage credit unions to help more consumers access safe, fair-priced, locally-issued mortgages, and in so doing, provide them with a path to the American dream. to become an owner.

Twitter: @SalesBoomerang @ACUMACommunity #mortgageindustry #mortgagemarketing #customerretention #ACUMA

News Source: Sales boomerang

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