Lycosthenes http://lycosthenes.org/ Fri, 05 Aug 2022 21:07:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://lycosthenes.org/wp-content/uploads/2021/09/icon-11-70x70.png Lycosthenes http://lycosthenes.org/ 32 32 As recession fears grow, U.S. labor market hiring likely slows https://lycosthenes.org/as-recession-fears-grow-u-s-labor-market-hiring-likely-slows/ Fri, 05 Aug 2022 09:32:00 +0000 https://lycosthenes.org/as-recession-fears-grow-u-s-labor-market-hiring-likely-slows/

The US labor market defied runaway inflation, rising interest rates and growing fears of recession. Month after month, American employers kept adding hundreds of thousands of workers, often exceeding forecasters’ expectations.

But now economists fear signs of weakness are beginning to appear in hiring, threatening one of the last redoubts of US economic power. Job postings are down and the number of Americans filing for unemployment benefits is up.

When we look at the labor market, we see broad indications of cracks starting to appear,” said Sarah House, senior economist at Wells Fargo. The terms and conditions are not as strong as what we saw three to six months ago. ”

The Labor Department reports on Friday how many jobs were created in July and whether the ultra-low unemployment rate in the United States has started to rise.

Forecasters on average expect the economy to have added 250,000 new jobs last month, according to a survey by data firm FactSet. That would be a strong number in normal times, but would mark a sharp deceleration for 2022: Employers have hired an average of 457,000 workers per month so far this year.

The unemployment rate is expected to remain at 3.6%, just off a 50-year low for the fifth month in a row.

The jobs news will also have political implications: Concerns about high prices and the risk of recession are expected to weigh on voters in November’s midterm elections, potentially making it harder for President Joe Biden’s Democrats to keep control of Congress.

The economic backdrop is troubling: gross domestic product, the broadest measure of economic output, fell in the first and second quarters; Consecutive declines in GDP is one definition of a recession.

And inflation is at its highest level in 40 years.

Continued strength in the labor market, particularly low unemployment, is the main reason most economists don’t believe a downturn has begun, despite growing fears that it may be on the way. produce. The story is not entirely reassuring: the unemployment rate was even lower at 3.5% when an 11-month recession began in December 1969.

Americans aren’t the only ones facing tough economic times.

Recession fears are also growing in Europe. In the United Kingdom, the Bank of England predicted on Thursday that the world’s fifth largest economy would fall into recession by the end of the year.

Russia’s war in Ukraine has clouded the outlook across Europe. The conflict has scarred energy supplies and driven up prices. European countries are preparing for the possibility that Moscow will continue to reduce and possibly completely cut off flows of natural gas, used to fuel factories, generate electricity and keep homes warm in winter.

If Europeans cannot store enough gas for the cold months, rationing may be demanded by industry.

Economies have been on a frantic race since COVID hit in early 2020.

The pandemic has brought economic life to a virtual standstill, with businesses closing and consumers staying home as a health precaution. In March and April 2020, US employers cut 22 million jobs and the economy plunged into a deep two-month recession.

But massive government aid and the Federal Reserve’s decision to cut interest rates and pump money into financial markets fueled a surprisingly quick recovery. Caught off guard by the strength of the rebound, factories, stores, ports and freight yards were swamped with orders and rushed to bring back workers they furloughed when COVID hit.

The result has been labor and supply shortages, delayed deliveries and rising prices. In the United States, inflation has been rising steadily for more than a year. In June, consumer prices jumped 9.1% from a year earlier, the biggest increase since 1981.

The Fed initially underestimated the resurgence of inflation, thinking that prices were rising due to temporary supply chain bottlenecks. But inflation refused to go away.

Now the central bank is reacting aggressively. It has raised its benchmark short-term interest rate four times this year, with more rate hikes to come.

Higher borrowing costs weigh heavily. Rising mortgage rates, for example, cooled a hot housing market. Sales of previously occupied homes fell in June for the fifth consecutive month.

Property companies, including lending firm LoanDepot and online property broker Redfin, have started laying off workers.

The labor market is showing other signs of instability.

The Labor Department reported Tuesday that employers posted 10.7 million job openings in June, a healthy number but the lowest since September.

And the four-week average number of Americans filing for unemployment benefits, an indicator of layoffs that smooths week-to-week fluctuations, rose last week to its highest level since November, although figures may have been exaggerated by seasonal factors.

Friday’s jobs report comes at a critical time for President Biden, who has argued the economy is only slowing rather than heading into a recession. Inflation has hampered public support for Biden, but the administration has pointed to the 3.6% unemployment rate and strong job gains as signs of a healthy economy.

White House press secretary Karine Jean-Pierre said the administration expects the pace of hiring to continue to decline in the coming months as the unemployment rate is already near its lows. historic lows and fewer potential workers are available.

A slower pace of hiring and reduced levels of wage growth could also suggest inflationary pressures are easing, but the White House is trying to convince the American public that less growth is positive at a time when Republican lawmakers say a recession has already started; they cite the drop in GDP during the first half of the year.

We expect it to be closer to 150,000 jobs per month, Jean-Pierre said during Thursday’s press briefing. This kind of job growth is consistent with the lower level of unemployment numbers we’ve seen.

Economist House in Wells Fargo expects employers to continue adding jobs for a few months. But rising interest rates, she said, will gradually stifle economic growth.

We’re actually looking for an outright decline in hiring in the first quarter, maybe the second quarter of next year,” she said. As monetary policy continues to tighten, this will have an effect on general business conditions and therefore on the demand for workers.

We expect the US economy to enter a recession, probably early in the year.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Sussex Realtors virtual broker course to start September 12 https://lycosthenes.org/sussex-realtors-virtual-broker-course-to-start-september-12/ Thu, 04 Aug 2022 21:19:40 +0000 https://lycosthenes.org/sussex-realtors-virtual-broker-course-to-start-september-12/

The Sussex County Association of Realtors will be offering a Virtual Broker Course from 6 p.m. to 9 p.m. Tuesday, Wednesday and Thursday evenings, September 13 through November 30, via Zoom. Orientation is set from 6 p.m. to 9 p.m., Monday, September 12, via Zoom.

The course is open to licensed Delaware real estate agents with at least five years of professional experience.

No classes will take place during the week of Thanksgiving and the final exam will take place on Wednesday, November 30. A minimum of 12 registrations is required for the course to take place.

The course fee is $999. A $100 discount is available for those who register before Monday, August 15. SCAOR will notify enrollees when course manuals are available for pickup. For an additional $25 fee, documents can be mailed.

A person with a broker’s license generally has greater career independence than a licensed agent. Brokers are allowed to operate independently or open a brokerage to build a team of sales agents who will work exclusively for them.

A broker’s license professionally reflects a higher level of education and experience, which often serves as a competitive advantage when vying for business.

To begin the registration process, interested individuals must first complete an online application at tinyurl.com/ct3hu2xu.

To learn more, call 302-855-2300 or email info@scaor.com.

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Natgas broker ARRACO launches its European headquarters in Ireland after the MiFID license https://lycosthenes.org/natgas-broker-arraco-launches-its-european-headquarters-in-ireland-after-the-mifid-license/ Thu, 04 Aug 2022 15:02:00 +0000 https://lycosthenes.org/natgas-broker-arraco-launches-its-european-headquarters-in-ireland-after-the-mifid-license/

“Given the current situation in the energy market, I believe that this flexibility will be extremely valuable for all energy market players in the future.”

Gas supplies

Intermediary commodity broker ARRACO has obtained a MiFID license from the Central Bank of Ireland to operate and open a new office in Dublin which will serve as the company’s European headquarters.

The license will enable ARRACO to support its European customers in the electricity, gas and oil markets and, in the future, in trading via the EU’s Organized Trading Facility (“OTF”) of the society.

The new MiFID headquarters and license open up a pan-European market that will provide clients with even greater liquidity and help the company on its growth trajectory, with a compound annual growth rate (“CAGR”) of 60% over the last three years.

The Irish team is led by Managing Director Stephen Byrne, who works alongside the Head of Risk and Compliance, Head of Operations, Heads of IT and Human Resources and a number of graduate brokers and experienced, which will increase to more than 30 this year.

The clearance process was led by Ian McLaughlin of FS Regulatory Solutions. He will join ARRACO Ireland Limited as a non-executive director. Additional support was provided by Chris Monks and Anne Marie Flynn of Grant Thornton and Joe Beashel of Matheson.

The ARRACO Ireland Board of Directors is chaired by Julia Carmichael and includes Ian McLaughlin, Stephen Byrne (CEO) and Karimi Nash (COO).

Stephen Byrne, CEO of ARRACO Ireland, said: “We are delighted to have received our MiFID license from the Central Bank of Ireland and to launch our operation in Dublin. Ireland is an attractive business destination and provides ARRACO with a location and talent pool to significantly accelerate its already rapid growth. We will continue to develop our products and services in line with our customers’ needs and our growth strategy.

Tom Roberts, ARRACO Group CEO, said: “This marks a major turning point for ARRACO. Having an EU OTF will allow ARRACO to operate and strategically grow in the derivatives markets across Europe. We want to be at the forefront of moving all derivatives trading towards an EU OTF and the creation of ARRACO Ireland will ensure that we are.

“The EU OTF license also allows us to develop new markets where previously we would have had to partner with an exchange to do so. Given the current situation in the energy market, I believe that this flexibility will be extremely valuable for all players in the energy market in the future. Finally, I would like to take this opportunity to thank the Central Bank of Ireland and the ARRACO Ireland team for all their hard work and for ensuring a smooth and efficient process that got us through this major milestone.

ARRACO Global Markets Ltd (ACGM) is an intermediary broker specializing in connecting buyers and sellers in the global physical and OTC cleared commodities markets.

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Western Forest Products Inc. Announces Renewal of 10% Normal Course Issuer Bid https://lycosthenes.org/western-forest-products-inc-announces-renewal-of-10-normal-course-issuer-bid/ Wed, 03 Aug 2022 22:31:03 +0000 https://lycosthenes.org/western-forest-products-inc-announces-renewal-of-10-normal-course-issuer-bid/

Content of the article

VANCOUVER, British Columbia, Aug. 03, 2022 (GLOBE NEWSWIRE) — Western Forest Products Inc. (TSX: WEF) (“Western” or the “Company”) announced today that it has received stock exchange approval of Toronto (“TSX”) to renew a normal course issuer bid (“NCIB”) to repurchase up to 27,420,905 of its common shares, representing 10% of free float as of August 3, 2022.

The OPRCNA, which will begin on August 11, 2022 and end no later than August 10, 2023, unless terminated or completed earlier, will be effected by means of open market transactions through the facilities of the TSX or other Canadian marketplaces or alternative trading systems and will comply with their rules and regulations. The price to be paid by Western for any common stock acquired during the issuer bid will be the market price at the time of acquisition.

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The average daily trading volume of Western common shares during the six-month period ending July 31, 2022, as calculated under TSX rules, was 743,819 common shares. Accordingly, under the rules of the TSX, Western will be permitted to purchase daily, through the facilities of the TSX, a maximum of 185,954 Common Shares representing 25% of such average daily trading volume, subject to certain exceptions for bulk purchases. All shares purchased under the tender offer will be cancelled.

The Company has also entered into an automatic stock purchase plan (the “Plan”) with its designated broker to facilitate purchases of its common shares under the issuer bid at times when the Company would not be normally not permitted to purchase its common stock due to regulatory restrictions. or self-imposed blackout periods. Pursuant to the plan, prior to entering a blackout period, Western may, but is not required to, instruct its designated broker to make purchases under the issuer bid during the blackout period in based on parameters established by Western in accordance with the rules and policies of the TSX, applicable securities laws and the terms of the Plan. Outside of restricted or self-imposed blackout periods, Common Shares may be purchased under the issuer bid at Western’s discretion in accordance with TSX rules and applicable securities laws.

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The Company’s current issuer bid to repurchase up to 29,726,940 common shares expires on August 10, 2022. As of the close of business on August 3, 2022, the Company has purchased 29,726,940 common shares under the current tender offer, at a volume-weighted average price. of $2.04 per common share. All purchases were made on the open market through the facilities of the TSX or other Canadian marketplaces or alternative trading systems. As of August 3, 2022, the Company had 325,510,128 common shares issued and outstanding.

The Company believes that, from time to time, the market price of its common shares may be attractive and that their purchase would represent a desirable use of its capital to enhance shareholder value.

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About Western Forest Products Inc.

Western is an integrated forest products company that is building a margin-driven lumber and log business to successfully compete in global lumber markets. With operations and employees located primarily in coastal British Columbia and Washington State, Western is a leading supplier of high-value specialty forest products to global markets. Western has a lumber production capacity of over 1.0 billion board feet from seven sawmills and four refinishing facilities. The Company sources wood from its private lands, long-term permits, First Nation agreements and market purchases. Western supplements its production with a wholesale program offering customers a full line of specialty products.

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Forward-looking statements

This press release contains statements that may constitute forward-looking statements under applicable securities laws. Readers are cautioned not to place undue reliance on forward-looking statements. All statements contained herein, other than statements of historical facts, may be forward-looking statements and can be identified by the use of words such as “will”, “may” and similar references to future periods. Although these statements reflect management’s current reasonable beliefs, expectations and assumptions, there can be no assurance that the forward-looking statements are accurate, and actual results or performance may vary materially. Many factors could cause our actual results or performance to be materially different, including a change in the Company’s financial condition, general economic conditions and other factors mentioned in the “Risks and Uncertainties” section of our report. management in our 2021 annual report dated February 16, 2021. 2022.

For more information, please contact:

Stephane Williams,
Executive Vice President and Chief Financial Officer
(604) 648-4500

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Smartjobboard, ATTB Group, Workable, webJobs – Shanghaiist https://lycosthenes.org/smartjobboard-attb-group-workable-webjobs-shanghaiist/ Wed, 03 Aug 2022 06:55:51 +0000 https://lycosthenes.org/smartjobboard-attb-group-workable-webjobs-shanghaiist/

JCMR has recently announced a Job Board Software market study which covers comprehensive comprehensive study including additional study on market situation impacted by COVID-19 on Global job board software market. The research article titled Global Job Board Software Market provides valuable review and strategic assessment, including generic market trends, upcoming and innovative Job Board Software technologies, Job Board Software industry drivers , Job Board software challenges, Job Board software regulatory policies that propel this universal tool. Job Management Software Market Square and Profile and Strategies of Major Job Management Software Players. The Job Board Software research study provides forecasts for investment in Job Board software through 2030.

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Market analysis by companies: – Smartjobboard, ATTB Group, Workable, webJobs, Betterteam, EasyJobScript, Ilance, JobSite, Enterprise Infinity, Careerleaf, Adicio, Indeed,

Job Board Software Market Segment by Different Types and Applications would be as follows:-

[Segments]

Geographically, this Job Board Software report is segmented into several key regions along with their respective countries, with Job Board Software production, Job Board Software consumption, revenue (Million USD), as well as share of Job Board Software market and growth rate in these regions, from 2013 to 2029 (forecast), covering

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There are following 15 Chapters to display the global Job Site Software market.

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1.2 Job Management Software Market Analysis by Types
1.3 Job Management Software Market Analysis by Applications
1.4 Job Consulting Software Market Analysis by Regions
1.5 Job Management Software Market Dynamics
1.5.1 Dashboard Software Market Opportunities
1.5.2 Job Management Software Market Risk
1.5.3 Dashboard Software Market Driving Force

2 Profiles of Job Site Software Manufacturers
2.1.1 Job Consulting Software Business Overview
2.1.2 Type and Applications of Global Job Management Software Market
2.1.3 Job Management Software Sales, Price, Revenue, Gross Margin and Market Share and SWOT Analysis (2021-2022)

3 Global Job Site Software Market Competition, by Manufacturer
4 Global Management Board Software Market Analysis by Regions Including Their Countries
5 Regions of Job Board Software

6 Types of Job Board Software Products

7 Types of Job Board Software Applications

8 key players – Smartjobboard, ATTB Group, Workable, webJobs, Betterteam, EasyJobScript, Ilance, JobSite, Enterprise Infinity, Careerleaf, Adicio, Indeed,
.
.
.
10 Segments of the Global Job Board Software Market
11 Global Job Site Software Market Segment by Applications
12 COVID-19 Impacted Global Job Consulting Software Market Forecast (2022-2030)
13 Sales Channel, Distributors, Traders and Resellers of Job Board Software
14 Job Board Software Study Findings and Conclusion
15 Appendix
….Continued

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JCMR Secondary research-
Our analyst refers to a wide range of Job Board software industry sources for our secondary, which typically include; however, not limited to: Job Board Software industry Company SEC filings, annual reports, company websites, broker and financial reports and investor presentations for competitive scenario and form of l ‘industry
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• Software Industry Job Board Scientific and technical writing for product information and related preemptions
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Ex-goalkeeper Josh Gildea named assistant men’s soccer coach at Lycoming | News, Sports, Jobs https://lycosthenes.org/ex-goalkeeper-josh-gildea-named-assistant-mens-soccer-coach-at-lycoming-news-sports-jobs/ Tue, 02 Aug 2022 06:33:27 +0000 https://lycosthenes.org/ex-goalkeeper-josh-gildea-named-assistant-mens-soccer-coach-at-lycoming-news-sports-jobs/

One of the most successful goaltenders in program history, Josh Gildea will return to the sidelines for the Lycoming College men’s soccer team, 10th-grade coach Nate Gibboney announced Monday.

The Center Valley native was a two-year starter for the Warriors as a goalie, winning the team’s MVP award as a senior in 2016. He posted a 24-6-4 record over the course of these seasons, while his 14 shutouts rank fifth in school history. and his 0.80 goals-against average is second. He helped the team to two NCAA Division III championship appearances, including a berth in the Sweet 16 in 2015, when Gildea tied a school record with 16 wins and set the mark with a 0 goals-against average. .64, the two marks that stood two years.

After graduating, Gildea moved to Colorado and became active with the Colorado Rapids Youth Soccer Club, where he coached for five years. He was named CSA Advanced League Boys Coach of the Year in 2021 and Central Select Program Coach of the Year in 2020.

While in Colorado, Gildea also worked as a real estate broker and was a sports performance consultant with the US Ski Team, Highland Hills Hockey and Littleton High School.

Gildea, who is an admissions counselor at Lycoming College, holds a USSF ‘D’ license. He earned a Bachelor of Arts in Psychology from Lycoming College in 2017.



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Nittany Mall Casino License Decision Likely Still Months Away https://lycosthenes.org/nittany-mall-casino-license-decision-likely-still-months-away/ Mon, 01 Aug 2022 21:16:58 +0000 https://lycosthenes.org/nittany-mall-casino-license-decision-likely-still-months-away/ Preliminary design rendering of the exterior of the proposed mini-casino at Nittany Mall. Image courtesy of Nelson Worldwide

Although the process is moving forward, the Pennsylvania Gaming Control Board’s decision on whether to license a Category 4 casino at Nittany Mall is still months away.

According to a hearing officer’s scheduling order, a hearing on applications to intervene is tentatively scheduled for the Oct. 19 council meeting in Harrisburg. At that meeting, the board will hear arguments from parties seeking to intervene against awarding the casino license to developer SC Gaming OpCo, which is led by Penn State alumnus and investor Ira Lubert.

A separate hearing for the board to vote on whether to approve the license could only take place after those arguments have been heard. Thus, the November board meeting would be the earliest date for a licensing hearing, at which SC Gaming Op Co. and the PGCB Enforcement Lawyers Office would present any updated evidence. and would present oral arguments as to whether the license should be granted. The date for the leave hearing, however, has not been set.

“They have to make a decision on any intervention status and those arguments are part of the record, but nothing in the law with the council says they have to act on any license application within a certain time frame,” Door-keeper floor of the PGCB, Doug Harbach. said. “Even when [intervention requests are] settled, it is when the council has made a decision that it can hold a public vote, and that can happen at any time.

Requests to intervene must be filed by August 26, while casino developer SC Gaming OpCo and the Office of Enforcement Counsel have until September 6 to respond to any filings.

Harbach said petitions to intervene and a council hearing to determine standing are normal parts of the licensing process.

“If they are legally accepted to have intervention status, then all of their arguments would be part of the record,” Harbach said. “I can’t tell you whether there would be another hearing on this or not…but they would have the opportunity, even at a hearing for the status to intervene, to provide arguments on this.”

One party likely to seek intervention is Cordish Companies, which operates as Stadium Casino in Pennsylvania and has separately filed a lawsuit in Commonwealth Court arguing that Lubert’s winning bid at an auction in September 2020 to apply for Pennsylvania’s fifth category 4, or mini-casino, was erroneously awarded.

Because it was an auction and not a bidding process, Lubert’s winning bid of $10,000 was the only one revealed by the PGCB at the time.

In January 2021, Bally’s Corporation announced that it had signed an agreement with Lubert to develop the planned $123 million mini-casino at Nittany Mall on Macy’s former property.

Cordish’s lawsuit alleges that Lubert, who was eligible to bid because of his stake in Rivers Casino Pittsburgh, violated PGCB rules by subsequently associating with Bally’s and others who would not be eligible to bid. on the casino. Local developer Robert Poole and Penn State real estate executive and administrator Richard Sokolov are listed as vice presidents of SC Gaming OpCo.

The petition also alleges that Poole and Sokolov helped pay for the $10 million offer, rendering Lubert’s offer invalid.

Cordish argues that the alleged violations mean that Lubert’s bid must be rescinded and Stadium Casino has the right to seek the casino’s license or the holding of a new auction.

In responses filed in the Commonwealth Court, Lubert and the PGCB denied any breach of the rules. Lubert maintains that he is the sole owner of SC Gaming.

“Nothing in gaming law prevents SC Gaming from applying for a Category 4 license as long as Lubert is the sole owner at the time the license is granted,” PGCB’s response said.

The trial is still ongoing, according to the docket of the Commonwealth Court.

For the PGCB process, no party automatically has standing in an auction bid, Harbach said.

“Any party can certainly apply for intervention status,” he said. “The board then has the option of holding a hearing on those filings and then making a decision on whether or not they have standing.”

It has been almost a year since the PGCB organized a public hearing of comments on the casino at State College. Table closed the public comment period on June 12.

Meanwhile, local opponents of the casino have submitted hundreds of comments to the PGCB and College Township, as well as numerous letters to the editor. A petition opposing the casino garnered 1,400 endorsers.

According Play in Pennsylvania, the PGCB has only once rejected a mini-casino. The council did not approve a proposal for Beaver County in 2019 because they did not believe it was economically viable.

If the license is granted, the final step will be the approval of building and renovation permits at the former Macy’s location in the mall. College Township Council already land use plans approved for the project last fall.

Bally’s previously said the renovations would take about a year.

The casino is said to have 750 slot machines, 30 table games and sportsbooks as well as a restaurant and bar with entertainment space and a multi-outlet fast food area.

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Origins: How a Reverse Mortgage Professional went from Assistant to Senior Sales Manager https://lycosthenes.org/origins-how-a-reverse-mortgage-professional-went-from-assistant-to-senior-sales-manager/ Mon, 01 Aug 2022 20:01:19 +0000 https://lycosthenes.org/origins-how-a-reverse-mortgage-professional-went-from-assistant-to-senior-sales-manager/

Reverse mortgage professionals know all too well that there are seemingly endless paths people can take to get into the business, and chances are most people who make up the industry will are found there for a variety of different and often very diverse situations. the reasons. It’s no different for Angel Booth, who serves as senior sales executive for Premier Reverse Closings (PRC).

Most professionals in the reverse mortgage industry are likely to be familiar with Booth, an often regular presence at many industry events hosted by the National Reverse Mortgage Lenders Association (NRMLA). She also often sends email updates to partners on behalf of PRC, which makes her a very visible presence in this company. RMD sat down with Booth to learn more about the path she’s taken in the reverse mortgage industry and what keeps her committed to the business.

Access to a leadership position

Booth began her career on the conventional side of the mortgage industry as an escrow assistant in the early 2000s and describes how she fell into the reverse mortgage business as fortunate but inadvertent.

angel cabin

“It was an accident,” she says. “Nobody says, ‘I want to do reverse mortgages, because they’re just bee knees.’ They ended up being a great product [and] a great help for our elders. They are obviously profitable for our broker and lender partners. But for me, it was an accident. In fact, I was working in the conventional space. I had started there, I was fresh on the scene as a skinny assistant – kudos to all the assistants there – and I just stumbled upon it, honestly.

Booth became aware of the reverse mortgage side of the wider business during her work as a fiduciary assistant and describes a work environment where different companies routinely sought out potential employees based on the skills they brought to their job. . Of course, this practice still happens, but Booth describes it as one of the things that eventually got her into the reverse mortgage business.

“In my day, you had these large groups, mass exoduses, where you would be recruited if you had certain skill levels,” she says. Companies were looking for you, and you were just going to move in groups. That’s how it started. When I made my first transition, it was into the reverse mortgage industry. And I worked with a company, Alliance Title, and started over just as an assistant. I didn’t have much value, I was just doing my job every day. But as I learned under the guidance of a very strong escrow agent, I just started to appreciate what I was doing and grab it.

At Alliance, Booth began working more closely with the reverse mortgage industry and remained there for several years before eventually moving to PRC, where she works today.

“[I was] learning new things and finding ways to do things easier and more efficiently, and it all went downhill from there,” she says. “So I tripped and fell in reverse, and I’ve been there ever since.”

Learn more about Reverse Mortgage

When she made the career transition that led her into the reverse mortgage industry, Booth had never heard of the term “reverse mortgage” before moving to Alliance. After moving and working there for about 6 to 12 months, Booth began to become familiar with the negative reputation the company and product had with many consumers, she explains.

“I’ve learned more than I’ve worked in this field that it’s really no different from the criticism and the press you get from conventional mortgages, it’s the same thing,” she says. “It’s just, I think because we’re such a small, niche group, it looks a lot worse to us if we have the same kinds of titles that show up. When you have something like a conventional loan, you have [many similar issues] come – I’m pretty sure – far more than you would in the reverse world.

However, the scale and ubiquity of term mortgage activity overshadows the reverse activity and comes with the potential benefit of doubt in some circles, she says, and the fact that the front side does not serve exclusively a primary demographic could also help it avoid some of the problems encountered on the upside.

“I learned very quickly that [the reverse mortgage] is definitely an advantage,” she says. “It helps more than it hurts, and it’s definitely a tool people need to plan their finances. I’m glad we’re finally starting to get to the point where financial planners see it as an estate planning tool, and [as a tool] let the older person age in place and stay in their home without having to sell or move unless they want to.

Where the Reverse Mortgage Passion Came From

Booth’s journey through the business, from an assistant position to her current management role, has given her insight into a lot of the dimensions of the product and the business, she explains. It’s one of the biggest contributing factors to the level of passion she feels for the business, she says.

“[I make] relationships with loan officers, brokers, processors and underwriters, and I help them find a way to end a case or situation,” she says. “And then, maybe I start communicating with borrowers, and you hear stories about how they can’t go out and buy groceries. You’re going to file a set of documents for a notary, and you see they may be living in a bit of filth because they don’t have help, and they’re on their own and can’t afford a cleaning lady.”

Having a holistic view of the reverse mortgage industry and its operations from the perspective of originators, brokers, notaries and underwriters all the way to borrowers helps Booth understand the kind of potential the product has to help people, she said.

“At the end of the day, when they’ve completed their trades, you know you’re helping them hold on a little longer,” Booth says. “You know you’re helping them pay for medicine or groceries they can’t afford, or easing a debt that’s been weighing on them and stressing them out. So for me, the reason that helped me stick with it and grow and flourish was simply the desire and the drive to help people. Whether it’s the borrower, my colleagues or our industry partners. »

Listen to the full discussion on the RMD podcast.

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Sussex County Association of REALTORS® will offer a Virtual Broker Course https://lycosthenes.org/sussex-county-association-of-realtors-will-offer-a-virtual-broker-course/ Mon, 01 Aug 2022 18:52:38 +0000 https://lycosthenes.org/sussex-county-association-of-realtors-will-offer-a-virtual-broker-course/

GEORGETOWN, DE., July 27, 2022 – The Sussex County Estate Agents Association® will offer a virtual brokerage course on Tuesday, Wednesday and Thursday evenings starting September 13e until November 30e2022, open to Delaware Licensed Realtors® with five or more years of work experience.

Each of the three-hour class sessions will take place via Zoom between 6 p.m. and 9 p.m. Orientation for the course, also held via Zoom, will take place from 6-9pm on Monday, September 12e the final exam of the course taking place on Wednesday 30 Novembere. No classes will be held during Thanksgiving week. A minimum of 12 registrations is required for the course to take place.

Course fee is $999 with a $150 Super Early Bird discount available for those who register before August 5e. A $100 Early Bird discount is also available for those who register between August 5e and August 15e. SCAOR will notify enrollees when course manuals are available for pickup. An additional fee of $25 will be charged to those wishing to receive the material by mail.

A person with a broker’s license has greater career independence than is typically available to a licensed agent. A broker is allowed to operate independently or open his own brokerage where he can build a team of commercial agents who will work exclusively for him. Additionally, a broker’s license professionally reflects a higher level of education and experience that often serves as a competitive advantage when competing for business.

To begin the registration process, interested individuals must first complete an online application accessible here: https://tinyurl.com/ct3hu2xu.

Questions regarding the SCAOR Broker Course can be directed to 302-855-2300 or email info@scaor.com.

Established in 1949, the Sussex County Association of REALTORS® is a REALTOR® association that provides services to Realtors in Sussex County, DE and surrounding areas to enhance their professionalism and success in the local market. For more information about SCAOR, including association history, bylaws, our code of ethics, homebuying resources for the public, and much more, visit www.SCAOR.com.

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Allen Lund Company Promotes Todd Florence to Assistant Manager of ALC Greenville https://lycosthenes.org/allen-lund-company-promotes-todd-florence-to-assistant-manager-of-alc-greenville/ Mon, 01 Aug 2022 12:20:04 +0000 https://lycosthenes.org/allen-lund-company-promotes-todd-florence-to-assistant-manager-of-alc-greenville/

The Allen Lund Company is pleased to announce that Todd Florence has been promoted to Assistant Manager of ALC Greenville.

Todd Florence began his career with Allen Lund Company in March 2017 as a Senior Transportation Broker in the Greenville office. Florence has over 22 years of experience in supply chain, logistics sales and account management.

Regarding Todd’s promotion, Executive Vice President Jim McGuire said, “Congratulations to Todd on his well-deserved promotion to Assistant Manager. Since joining our Greenville office in 2017, Todd’s tireless work ethic and can-do attitude have helped make the office what it is today. I am confident that he will thrive in his new role and that the Greenville office will continue to thrive with Todd on our leadership team.

Jeff Story, manager of ALC Greenville, said, “I am extremely proud that we have chosen Todd as our assistant manager. He has had a tremendous impact on the growth and success of our office over the past five years. Todd is a born leader, and I’m excited to see what the future holds as we continue to provide top-notch service to our customers and carriers.

Reflecting on his promotion, Todd said, “It is an honor to work for the Allen Lund Company and I am delighted to have the opportunity to join the management team. I am extremely grateful to continue to grow with the company and optimistic about what the future holds for both the Greenville office and the Allen Lund Company. I truly believe the best is yet to come. »

About the Allen Lund Company:

Specializing as a national third-party freight broker with offices nationwide and over 600 employees, the Allen Lund Company works with shippers and carriers nationwide to arrange dry, refrigerated (commodity) freight and flat. ALC manages more than 450,000 shipments per year. Additionally, the Allen Lund Company has a logistics and software division, ALC Logistics, and an international division licensed by FMC as OTI-NVOCC # 019872NF. If you are interested in joining the Allen Lund Company team, please Click here.

Founded in 1976, Allen Lund was named by the Los Angeles Business Journal as one of the Best Places to Work in Los Angeles for 2021. Additionally, ALC was recognized by Food Logistics magazine as one of the Best 2019 3PL and Cold Storage Suppliers for TransKool Solutions. , Logistics Tech Outlook for our software division ALC Logistics as 2018 Top 10 Freight Management Solution Providers, 2018 Food Logistics’ Top 3PL & Cold Storage Providers, 2017 Supply & Demand Chain Executive Top 100, 2017 Food Logistics 100+ Top Software and Tech Provider, Top IT Provider 2016 by Inbound Logistics, Coca-Cola Challenger Carrier of the Year 2015, Top Private Company 2015 in Los Angeles by the Los Angeles Business Journal. ALC received the TIA 3PL Samaritan Award and NASTC (National Association of Small Trucking Companies) named Allen Lund Company Best Broker of the Year. More information is available at allenlund.com

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