leads

NAMB Lobbies For Protection of Broker-Borrower Relationship In Bill to Ban Trigger Leads

NAMB is on Capitol Hill advocating that the much needed consumer protection of data be exempt of impacting the ability of the mortgage broker who originated the relationship to maintain an ongoing relationship with the borrower, as well as the company who holds the servicing rights.

WASHINGTON (PRWEB) February 04, 2020
National Association of Mortgage Brokers (NAMB), is the industry-leading association that represents the best interests of mortgage brokers and small to mid-size mortgage lenders in local communities. NAMB champions the broker-borrower relationship in the legislation introduced by Congressman Lacy Clay, Chairman of the Committee on Financial Services, designed to ban trigger leads. The Trigger Leads Abatement Act (H.R. 5720 – The Trigger Leads Abatement Act) will protect consumers from having their data sold to companies who have no relationship or transactional connection to the consumer.
Mortgage trigger leads are a multi-million-dollar business in the home lending world. Trigger leads are sold by national credit bureaus to mortgage lenders based on online data that indicates a consumer is “shopping” for home financing. These consumers are unaware that once they enter their data in an online inquiry, their data, which has significant personal information, is then sold by the credit bureaus from $5 to $150 and above to home financing companies who are looking for “hot leads”.
“The credit bureaus compile trigger lists daily and sell them to numerous buyers across the US, including to so-called ‘lead generators’ who then resell the list to even more companies,” said Rocke Andrews, president of NAMB.
In an effort to protect the mortgage broker industry, NAMB is on Capitol Hill advocating that the much needed consumer protection of data be exempt of impacting the ability of the mortgage broker who originated the relationship to maintain an ongoing relationship with the borrower, as well as the company who holds the servicing rights.
“The mortgage broker has no control when a lender sells off their borrowers’ loan to another lender or servicer,” says Andrews. “Our members are individual or small businesses who rely on the long-term relationship with their borrower. Therefore, this act should protect the small businesses or independent across the country when it comes to this act and allow them to maintain that relationship beyond the transaction.”
At the upcoming NAMB FOCUS Conference, NAMB will be discussing the topic with its members. Additionally, NAMB is calling members and mortgage brokers and small business loan originators to join the lobbying efforts through NAMB’s legislative action center.
Additionally, the sale of trigger leads can impose danger to consumers in terms of potential risk of identity theft or activities that are deemed “unscrupulous”.
“We have NAMB members who have reported an uptick in bad actors using trigger leads against the elderly when refinancing their present mortgage,” said Andrews. “Congressman Clays’ bill will go a long way to stop this type of elderly abuse.”
“Unfortunately, there are people who use all kinds of unethical tactics to target borrowers who have initiated the process of obtaining a mortgage,” said Andrews. “This activity should be classified as an unfair and deceptive trade practice and banned, with the only exception being those that have an ownership interest in the current mortgage for portfolio retention purposes. The only way to protect the consumer is to close this loophole immediately, and we thank Congressman Lacy Clay for seeing the harm to consumers brought on by “trigger leads”.”
ABOUT NAMBSince 1973, NAMB has been the voice of independent mortgage professionals nationwide. NAMB offers professional education and certification programs for its members, and advocates for common sense legislation and regulation aimed at helping consumers and improving business conditions for small businesses, independent mortgage companies and licensed mortgage loan originators. Rocke Andrews is the current president of NAMB. For more information, visit namb.org or follow @NAMBpros.

Share article on social media or email:

US Leads Overall Spend in $828 Billion Physical Activity Market, But Ranks 20th in Participation, Indicating a Sharp Divide in Wellness “Haves and Have-Nots”

The Global Wellness Institute is considered the leading global research and educational resource for the global wellness industry.

These provocative insights prove how crucial it is for business leaders, policymakers and the wellness industry itself to encourage ongoing, daily participation in physical activity here at home and abroad for all individuals.

NEW YORK and MIAMI (PRWEB) January 28, 2020
Today, researchers at the nonprofit Global Wellness Institute™ (GWI), revealed new US data from its recent study: “Move To Be Well: The Global Economy of Physical Activity” at a press conference in New York.
The data shows a sharp divide between the “haves and have-nots” in the United States – which leads in spending and innovation of the physical activity market worldwide, but ranks just #20 in participation. GWI’s mission is to empower wellness worldwide by educating the public and private sectors about preventative health and wellness through research, industry initiatives and roundtables, wellnessevidence.com, and its Wellness Moonshot campaign.
GWI Chair and CEO Susie Ellis said, “These provocative insights prove how crucial it is for business leaders, policymakers and the wellness industry itself to encourage ongoing, daily participation in physical activity—not just for those who can afford it or have easy access to gym memberships and exercise classes. I was disappointed to learn that so much of the explosive success stories we see in the fitness market—from brands like Peloton, SoulCycle and CrossFit—are essentially the sales of more ‘product’ to the same individuals and not introducing more people to fitness.”
Slides highlighting where the US leads and lags can be accessed here, and the full report can be accessed here.
The “Move To Be Well: The Global Economy of Physical Activity” report provides in-depth global, national and regional data on consumer spend within all six markets of the physical activity economy (sports and active recreation, fitness, mindful movement, equipment and supplies, apparel and footwear, and technology). In addition, the report highlights participation rates for 150 nations, the big emerging trends and business opportunities across countries, and market growth projections.
Five Ways the US Leads in the Physical Activity Market
US consumers spend more on physical activity than any other country in the world—$265 billion.

US accounts for almost one-third of the global market.

Not only does the US rank first for overall market size, but it also ranks first among all six subsegments.

US consumers spend $810 per capita on physical activity—ranking second globally after Monaco.

US market will grow by 5.2 percent annually over the next five years, which is faster than projected GDP growth (3.5 percent per the IMF). The US will account for about 25 percent of global market growth during this period.
Disconnect Between Market Growth and Increases in Chronic Disease
However, while the US outspends all other nations, GWI senior researchers and report co-authors Ophelia Yeung and Katherine Johnston noted our nation has much to learn from other countries and cultures when it comes to encouraging daily physical activity (recreational or otherwise) among every demographic and socioeconomic level.
“While physical activity is a massive $264.6 billion commercial segment in the US, there is a major disconnect: Sedentary lives, obesity and chronic disease are escalating right alongside the fitness market’s explosive growth,” says Yeung. “Sadly, America’s high spend doesn’t translate into high participation rates. In fact, the US ranks 20th in physical activity participation (58 percent)—significantly behind leaders like #1 Australia, #2 Taiwan, #3 Norway and #4 New Zealand, where participation ranks in the 80 percentiles.”
Opportunities for Businesses and Policymakers
Johnston added: “When many people think ‘fitness industry’ they think gyms, boutique studios, yoga and fit-tech like wearables, but there are so many ways people can get enough exercise to stay healthy—from playing sports to dancing to biking to work. And there are huge opportunities for businesses and policymakers to get more people active, beyond affluent urbanites/suburbanites, the young and the already-healthy.”
Yeung and Johnston suggest that US policymakers, business leaders and healthcare advocates could encourage a more democratic approach to physical activity by exploring successful models from around the globe.
Physical Activity Models the US Could Consider:
1. Support and Encourage Communal Physical Activity – Community-sponsored open streets for biking; Australia’s “Live Life Get Active,” which offers free fitness classes in parks and neighborhoods; and Global Wellness Day, which encourages worldwide mass participation in getting active in communities.
2. Prescribe Exercise – Doctors in the UK and Singapore are actually prescribing exercise with public support and infrastructure to back it up.
3. Incorporate Physical Activity into Each Day – The Active Schools initiative, a public-private partnership working with more than 23,000 schools around the US to integrate 60 minutes of movement and play into the day for every K-12 student, is a good start.
4. Provide Senior Playgrounds/Gyms – Join progressive countries already providing convenient equipment at parks and in public spaces to encourage fitness as well as regular social interactions that combat loneliness and social isolation.
5. Accessible, Grassroots Dance for All – Dance-based fitness classes/routines are a big trend is the US, but we could look to Asia’s plaza dancing movement and the silent discos popping up in the UK, Australia and Singapore to encourage more adoption.
About the Global Wellness Institute: The Global Wellness Institute (GWI), a nonprofit 501(c)(3), is considered the leading global research and educational resource for the global wellness industry and is known for introducing major industry initiatives and regional events that bring together leaders to chart the future. GWI positively impacts global health and wellness by educating public institutions, businesses and individuals on how they can work to prevent disease, reduce stress, and enhance the overall quality of life. Its mission is to empower wellness worldwide.

Share article on social media or email:

Modern Hire’s Relentless Focus on Innovation Leads to Banner Year in 2019, With Strategy to Drive Market Leadership in 2020

“As the HR technology market continues to shift and consolidate, Modern Hire remains a leader in the space by offering the most revolutionary approach for improving hiring experiences and outcomes,” said Kurt Heikkinen, CEO of Modern Hire.

CLEVELAND, and DELAFIELD, Wis. (PRWEB) January 23, 2020
Modern Hire, the all-in-one enterprise hiring platform that enables organizations to continuously improve hiring experiences and outcomes with trusted science and technology, today announced major successes from 2019 and plans for continued growth in 2020. After Montage and Shaker International combined forces in May of 2019, the entity rebranded to Modern Hire in September to continue bringing market-leading innovation to its clients, candidates and the HR technology industry alike.
“As the HR technology market continues to shift and consolidate, Modern Hire remains a leader in the space by offering the most revolutionary approach for improving hiring experiences and outcomes,” said Kurt Heikkinen, CEO of Modern Hire. “The innovations and successes we had last year were driven by key, strategic investments in talent, product, technology and science. In the midst of a merger and integration, we demonstrated constant and unyielding focus on delivering the best experience possible for both candidates and clients. Backed by a tenured team of over 60 I/O psychologists, data scientists, product managers and software engineers, our ability to deliver the innovative, market leading technology, data and predictive insights our clients expect and deserve is stronger than ever.”
In 2019 alone, Modern Hire added over 60 new enterprise clients to its already impressive client base, which includes 47 of the Fortune 100 companies. Notable new brands over the past year include Seaworld, American Family, DHL, Carmax and IBM. Client adoption of the Modern Hire platform increased by 70% last year, as clients view its technology as transformative to their hiring experience.
While placing a strong emphasis on its clients, Modern Hire also continues to put the candidate experience first in everything it does – especially when it comes to innovation. Modern Hire now supports over 20 million assessments and interviews on its platform. Assessment use grew by 93% and interview use increased by nearly 60% year over year. Modern Hire also saw a 40% increase in users on the platform, and expects another year of rampant growth in 2020, as clients are looking to achieve candidate personalization at scale.
“Modern Hire has been a long-time partner of the Talent Board, sponsor of the candidate experience awards, and supporter of candidate experience day,” said Kevin Grossman, President, Talent Board. “It’s fantastic to see a candidate-centric technology company like Modern Hire with so much momentum in the market.”
A focus on talent and investments in data, science and technology drive growth and transformation
Modern Hire’s revenue grew by more than 30% in 2019, and the company is projected to exceed this growth in 2020. The company would not have achieved this impressive revenue increase without its talented and dedicated employees, including key new hires who have joined the organization over the past year: Peter Baskin as Chief Product Officer and Jay Miller as Chief Marketing Officer.
Also contributing to Modern Hire’s continued growth and transformation over the past year was a relentless focus on data, science and technology, as evidenced by its advancements and recognition received over the course of the year:
In 2019, Modern Hire received the HR Executive’s HR Tech Product of the Year award, was recognized on HRExaminer’s 2020 Watchlist for open standards leadership in AI and won the IPAC Award for Assessment Innovation. It was also named to Wisconsin Inno’s 50 on Fire shortlist, which recognizes the most innovative people and companies across the state, for the second year in a row.
Modern Hire revealed Real-Time Interview Scoring in September, a product innovation that enables organizations to more effectively and efficiently evaluate text, audio and video interviews. Using machine and deep learning models, candidate interview responses are scored against the competencies deemed to be important for the job.
Its strength in the HR technology ecosystem continues to grow. Last year, Modern Hire achieved Workday Certified partner status. Collectively, the company’s ATS partners represent 90% of the current enterprise ATS market share.
The company also released a statement in early December regarding standards for the ethical development and adoption of artificial intelligence in hiring. Modern Hire’s statement reflects its candidate-first, job-relevant approach to the use of the technology across the talent acquisition ecosystem, and positioned the company as an industry leader and trusted advisor in AI-powered hiring processes.
“I am so proud of our team and what we accomplished together in 2019. We have the technology, science, talent and client base that is unrivaled in our industry,” said Heikkinen. “The momentum and success we achieved in 2019 sets the stage for another year of delivering market leading innovation and driving the best experiences and outcomes for our customers and their candidates.”
About Modern HireModern Hire is the all-in-one enterprise hiring platform that enables organizations to continuously improve hiring results through more personalized, data-driven experiences for candidates, recruiters, and hiring managers. The Modern Hire platform merges trusted science with proven SaaS technology to predict performance, ensure fairness, and automate workflow—enterprise-wide. It combines AI, predictive analytics, workflow automation, assessment, and interviewing technology in a single SaaS solution that integrates with leading HCM systems. Trusted by 47 of the Fortune 100, Modern Hire transforms each step of the hiring process, from post-apply to hire and beyond. To learn more about Modern Hire’s vision for making hiring personal, visit: http://www.modernhire.com.

Share article on social media or email:

“Crazy idea” leads Florida Poly students to take on the technology services market

Jared Nurse, Orel Yoshia, Djuan Gayle, Jaimie Davis, Logan Carlson, and Nicolee Brown are part of Madd Technologies LLC, a technology start-up run by students at Florida Polytechnic University.

“We learn by doing and one of the hallmarks of studying at Florida Poly is being able to get your hands on stuff,” Davis said. “But being in this company since my freshman year has really given me a lot more than I could ever expect from a college education.”

LAKELAND, Fla. (PRWEB) January 16, 2020
A group of Florida Polytechnic University students has found work with a great company that offers hands-on experience, flexible hours, fun co-workers, and the kind of boss most people only dream of – themselves.
Madd Technologies LLC, which stemmed from an idea friends had late one night, is a technology start-up helmed by Florida Poly students and focused on the consumer electronics and computer software markets. It provides services such as product design, website design, computer-aided design, app development, and more.
“We had this crazy idea to start a company,” said CEO Djuan Gayle, a senior majoring in computer engineering. “We’re going to a technology school and we want to change the world, so why not be able to put all of that under a company and just make it happen.”
That crazy idea and the company’s willingness to take on unusual projects are reflected in its name.
Recent Madd Technologies projects have included the design of a university app, and the design of a smart refractometer to measure grapes for peak ripeness for a client in the wine industry.
In addition to providing technology services for local businesses, Madd Technologies is working on developing its own products, such as an algorithm that uses artificial intelligence to recommend clothing to customers.
“When you’re an engineer, everyone in the industry is looking for experience and as a student it can be difficult to gain that experience,” said Jaimie Davis, a junior electrical engineering major and the company’s technology officer. “Being a part of this company and working on project management skills and overall communication really helps all of us become better engineers.”
The eight-person company formed in 2018 and found guidance from Justin Heacock, Florida Poly’s entrepreneurship coordinator.
“It’s been a learning curve because it’s not like we’re going to business school, and Justin has been really good at helping with that,” Gayle said. “We go to him and he just finds the time.”
Gayle said the company is hoping to soon grow to about 15 team members and move into an office space in Lakeland and hopes to eventually be located near the University, providing both jobs and internships to other Florida Poly students.
“For the whole four years of college, we’ve been entrepreneurial-minded,” said Logan Carlson, a senior majoring in computer engineering and the company’s research and development officer.
Madd Technologies’ leadership said they hope other students will see their success and be motivated to follow their own “crazy ideas.”
“We learn by doing and one of the hallmarks of studying at Florida Poly is being able to get your hands on stuff,” Davis said. “But being in this company since my freshman year has really given me a lot more than I could ever expect from a college education.”
Students who would like to join Madd Technologies and businesses interested in the company’s services can email maddtechnologies1@outlook.com.

Share article on social media or email: