Casual Articles - Business

Your Identity Speaks Loudly...What Are You Saying?
Your corporate identity is a graphic expression of who you are as an organization. It plays a major role in what sells your company and its products. Everything that identifies your business, including your logo, color scheme, and tagline, work together to create an image that your customers remember. Building a corporate identity that bolsters your business objectives is a subtle, yet important part of achieving business success.How do you want your business to be recognized? What image do you want to call forth in people's minds? You may choose an identity that is fun and wacky if you run

. They were doomed the minute they signed the application.

When It's Time to Make a Job Change
Do you find yourself dreading Monday mornings? Have you become a clock watcher? Do you lose your patience at work over things that never bothered you before? You may be ready for a job change.In the middle of the last century, most employees worked for the same company their whole lifetime and never considered switching jobs. But now loyalty to one company or boss is a thing of the past. Employees want to feel they are making a contribution to the company, are being paid what they’re worth and getting great benefits, and also have a work/life balance.If you are feeling lost in t

There is a lot being written about these days regarding the "fall-out" in the mortgage industry, specifically in the subprime arena.

Quite a bit of commentary as to the effects and affects of the related markets. I think that the answer to the question "What happened?" is a lot more simple than analysis of various economic indicators. Greed is what happened. That is the one word answer to which everything ultimately boils down. However, I know that I need to qualify that broad brush stroke with some evidence and specifics.

I am sure that one could argue that there are a number of facets involved in the so-called, collapse of the subprime market. As a brief aside, the subprime market has not in any way collapsed. However, there are several companies within the subprime arena that have indeed collapsed. At any rate, I think Paretto's Principle applies here as it so often does in most situations. The fact is that at least 80% of the problem had to do with Greed, Irresponsibility, Lack of Ethics and Integrity and lack of Education and Training. What happened? Loan officers around the country knowingly put borrowers in harm's way. Loan officers helped scheme and package so called "stated" loans where income verification was waived allowing loan officers to inflate income on the application to keep the balance of debt to income (or DTI ratio as it is known in the business) within underwriting guidelines.

In plain English? Loan officers were involved in lying about how much money a borrower really made so they could be approved for a home loan. Reminder: A loan, that if the underwriters actually knew what the income was....would decline the loan! Here is the real problem, by the way. It's not the poor lender, who ultimately was lied to....it is the borrower, who with the help of or at the advice of...got a loan that greatly exceeded their ability to repay. They were doomed the minute they signed the application.

Successful Entrepreneur Habits - 5 Checklists For Avoiding Pain
1- Heart Do you have heart? Do you have that drive to go all the way? Do you have the mentality that I will go on no matter what? Will you make entrepreneurship your second wife or husband? Do you care to make a difference in the world?Being an entrepreneur is still not the norm as society sees it, they still consider entrepreneurs to be as strange as aliens and ufos. I Have heard all the comments say that entrepreneurs are just lazy and don't want to hold a job, this is the most underrated statement known to civilization!Entrepreneurs have to have heart t

y that broad brush stroke with some evidence and specifics.

The Description of a Notary Signing Agent
Signing agent is a notary public, who works with the loan documents, obtaining and notarizing these documents with the purpose of closing the loan transactions (especially real estate loans). The existence of the signing agents is stipulated by the existence and the importance of the, middlemen. Signing agents are the kind of the middlemen and play very significant role in the loan processes. The loan process is very onerous for all its participants.As a rule, a person, who wants to receive a loan for the first time, does not know a lot about this process – where, when and how to get a loan

f the problem had to do with Greed, Irresponsibility, Lack of Ethics and Integrity and lack of Education and Training. What happened? Loan officers around the country knowingly put borrowers in harm's way. Loan officers helped scheme and package so called "stated" loans where income verification was waived allowing loan officers to inflate income on the application to keep the balance of debt to income (or DTI ratio as it is known in the business) within underwriting guidelines.

Picking the Right Power Tools
Gas powered or charged? Cordless or corded? Makita or Milwaukee? What is the real difference between them, and do you really need to know? Of course you need to know. Besides the fact that certain power tools are better for certain projects, it’s your money that’s being spent on these items. With that said, here are a few tips to picking the right power tools, either for the project or job at hand or for your collection.First things first, you need to figure out how much you will be using a particular power tool. If you’re planning on building a house, you’ll probably be using an electr

idelines.

It's the Dealers Stupid!
An Open Letter to Mr. Ford. pt 1As I sat watching Autoline Detroit a few weeks back, I listened to the usual parade of marketing ad execs, industry analysts, and division managers talk endlessly about branding, shifting market segments, and well, at that point my brain went numb and I don’t recall anything else that was said. I do remember saying out loud as I had done a thousand times before, “None Of You Get It!”You see, while domestic car companies try to out design, out tech, out brand, and out source market share from each other, they are all completely disconnected from the one

. They were doomed the minute they signed the application.

In many cases the loan officer knew that there was no way that this borrower or this family would ever really "survive" the loan...but hey, the borrower wanted it....so they got it! So integrity and ethics were sacrificed for the commission from a loan that likely will be the stranglehold that chokes the life out of the family's finances. In some instances the loan officer just didn't know any better. That simply attests to the lack of training so many in our business get. Can you imagine? It is estimated that as many as 78% of all of the loan officers in the business today, has less than 3 years experience!

This is not so much a Subprime issue as it is a "Stated Loan" issue. Certainly, the fact that these borrowers credit suggested that they already struggled financially (and that...by the way is really what bad credit means for most people....that at some point, or currently, they struggle to pay all the bills on time...or at all.) certainly adds fuel to the fire. But it is important to distinguish what the problem really was or is in order to avoid making the same mistake again...but furthermore not to tarnish the subprime borrower or lender for the wrong reasons. The problem lays much less with FICO score for most of these defaulting loans than it does with generous DTI (debt to income) guidelines or low or "no-doc" income or asset documentation. Some of these loans allowed for the stated DTI to be as high as 60 or 65%. This means that even if the income on the application was legit...and was not inflated (as so many were)....that 65% of the GROSS INCOME was being devoted to the housing payment!! If the income was indeed inflated then many of these loans were extended to people that were likely carrying debt to income ratios more like 70-80%. You do not have to be a Certified Financial Planner to know that you cannot possibly dedicate three quarters of your GROSS income to just your mortgage.

The fact that seems to be forgotten somewhere along the line is that the reason that there is an application in the first place is not to say "yes" but rather to say "no" when someone does not meet the guidelines that protect BOTH parties.

As experts it is responsibility of the loan officer to advise people what they can and cannot afford...NOT to simply be a cond

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Hiring the right candidate has become more difficult as more companies rely on scanning technology to do the job that only humans can do - qualifying other humans to work with them. Learn seven ways to rethink the hiring process to bring better and more diverse talent to your company.

If you are one of the many millions of people trying to determine what their passion is in life then you will want to read this article. All of us the ability to live our passion and not just work in our job, but the question is are we really willing take hold of it?

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