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[ad_1] 6,000 urged to evacuate as North Carolina fertilizer plant fire threatens an ammonium nitrate explosion  CNN Winston-Salem fertilizer plant fire latest | After GMS  WFMY News 2 Schools forced to adjust as fertilizer fire prompts evacuations  FOX8 WGHP Winston-Salem fire crews battle fire on Cherry Street  WXII12 Winston-Salem Massive fire rips through North Carolina fertilizer plant, thousands asked to evacuate over explosion fears  Fox News View Full Coverage on Google News [ad_2]

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[ad_1] The “significant push” by the government to the infrastructure sector in the Union Budget is expected to have a multiplier effect on the core sectors like steel and cement, industry body IRMA on Tuesday said. In a statement, the Indian Refractory Makers Association (IRMA) said, “There is a significant push in infrastructure sector, especially transport and logistics, while capex expenditure has been raised by whopping 35.4 per cent from Rs 5.54 lakh crore to Rs 7.50 lakh crore.” This is likely to have a multiplier effect on the core sector industries like steel and cement, and in turn give a to boost the domestic refractory industry, the body said. IRMA Chairman Parmod Sagar said, “The further push on infrastructure will generate demand at multiple levels. Focus on green energy, SEZ reforms and thrust on manufacturing, particularly domestic defence manufacturing, are cogent with the Hon’ble Prime Minister’s vision of ‘Make in India’ and Atmanirbhar Bharat.” Refractory is a specialised heat-resistant material used in making cement, steel, copper and aluminium. Due to its special properties, it can handle high temperatures, and magnesia and alumina are the key raw materials required to produce it. Based in Kolkata, IRMA is the apex body of domestic refractory manufacturers. It is involved in various activities like representation to the government on issues of commonality, maintaining databank on refractory industry, development of SME sector etc. [ad_2] Source link

[ad_1] As part of its vision to reimagine servicing through innovative solutions, Freddie Mac has created Resolve, an integrated default management platform that delivers rules-based workout decisions in real-time, as well as supplemental data and insights to mortgage servicers. In creating Resolve, Freddie Mac partnered with clients to reimagine traditional loss mitigation and developed a new technology experience that expedites mortgage assistance for homeowners. Clients working with Freddie Mac requested a flexible workflow and transparency for workout requests. As a result, Resolve offers two ways to connect: a user interface and B2B integration via APIs. Clients have the option to use one path or both, depending on what works best for their business model. “The Reimagine Servicing initiative is an example of our commitment to designing solutions around client insights,” said Cecelia Raine, vice president of Servicing Strategy and Integration. “Resolve is a direct reflection of this commitment. Our goal is to be the investor of choice through innovative solutions and our partnership approach.” Resolve makes decisions, calculates values and provides loan terms that are derived from guiding policies that servicers adhere to. These rules adapt to new or updated requirements and regulations. This relieves servicers of in-house development and allows them to focus their time on working with the homeowner or handling more complicated cases. Resolve’s APIs return workout decisions in three to five seconds. With decisions and data at their fingertips, servicers’ interactions with homeowners are more impactful than ever. Servicers can provide clarity and more certainty on decisions, improving the Freddie Mac loan experience for their staff and homeowners. “Servicers who are using Resolve APIs today are seeing up to 15 minutes saved per case, and when added up for all workouts, that’s amazing efficiency,” said Kate Mossop, vice president, Servicing Product and Offerings. Resolve can also trigger a servicer’s workflow, such as solicitation offers and steps to close. Additionally, because Resolve can connect directly to a servicer’s loss mitigation platform (proprietary or third-party), case management can be completed on a single platform. Because Resolve integrates with various Freddie Mac data sources, the platform requires a significantly reduced dataset, eliminating the need for manual data entry. Resolve only requires a servicer to provide five loan data points to create a loss mitigation case. Resolve also addresses servicers’ need for transparency. With each decision request, Resolve APIs return dynamic and descriptive messaging to inform servicers of exactly why a loan was eligible, ineligible or failed validation. Servicers can view the status of submissions in an intuitive and clear interface along with any additional actions they need to take. Resolve is adaptable, designed for single or bulk loan submissions for both user interface and B2B connectivity. This flexibility helps servicers absorb and scale for increased default volumes due to economic cycles. And when servicers needed a streamlined way to submit forbearance extension requests, Freddie Mac implemented a simple submission method in the platform. “With the COVID-19 volume coming through, this has really been instrumental for us,” said API adopter Glenn Meadows, SVP of Mortgage Servicing at Fifth Third. Glenn adds, “For me it comes down to one word, efficiency… we can make decisions with a higher degree of accuracy.” Cecelia Raine, Vice President, Servicing Strategy and Integration Cecelia Raine leads the strategy to modernize several technology platforms and to transform the client experience under the Reimagine Servicing initiative. Kate Mossop, Vice President, Servicing Product and Offerings Kate Mossop is responsible for delivering strategic servicing products in Freddie Mac’s Single-Family division and for guiding the organization’s servicing product vision and roadmap. The post Freddie Mac’s Resolve default management platform reimagines traditional loss mitigation appeared first on HousingWire. [ad_2] Source link

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[ad_1] In the Union Budget 2022 speech, Finance Minister Nirmala Sitharaman announced to allocate Rs 19,500 crore to boost manufacturing of solar modules under the government’s flagship Production Linked Incentive scheme. She further mentioned that the scheme has potential to create 60 lakh new jobs and additional production of 30 lakh crore jobs during next five years. “To facilitate domestic manufacturing for ambitious goal of 280 GW of installed solar capacity by 2030, additional allocation of Rs 19,500 cr for PLI for manufacturing of high-efficiency modules with priority to fully integrate manufacturing units to solar PV modules will be made,” said FM in her speech. “In a major push towards Solar Power and Energy Efficiency, allocation of additional boost of 19500 cr in Manufacturing of solar modules shall provide significant growth to the module manufacturing industry,” said Amit Agarwal, Partner, Nangia Anderson LLP. Earlier, the Finance Minister already announced an outlay of Rs 1.97 Lakh Crores for the Production Linked Incentive (PLI) Schemes across 13 key sectors, to create national manufacturing champions and generate employment opportunities for the country’s youth. The government first announced three schemes in March 2020, while 10 new PLI schemes were introduced in November 2020. Sectors that have been covered include electronics manufacturing, Automobiles & Auto Components, Speciality steel, Textile, Drone and drone components, Pharmaceuticals drug, Telecom and Networking, among others. [ad_2] Source link

[ad_1] For more than 50 years, the Black Knight MSP loan servicing system has been helping power servicing operations from loan boarding, payment processing and escrow administration to investor reporting, compliance management, default processing and more. MSP is a single, comprehensive platform used by servicers of all sizes to support a wide range of loan products, including first mortgages and home equity loans and lines of credit on a single system. “MSP is used to service approximately 36 million loans,” Black Knight President Joe Nackashi said. “Thanks to the system’s scalability, it’s suited for portfolios of all sizes. In fact, 42% of MSP clients service fewer than 50,000 loans.” As rising interest rates impact origination volumes, competition for purchase refinance consumers grows increasingly fierce. As a result, servicers must be critically focused on their customer retention strategies. The MSP system is integrated with several tools that can help servicers boost retention, including Black Knight’s Customer Service solution. Using this single application, representatives have access to customer information that is required to address borrower questions quickly, leading to faster call resolutions. Furthermore, MSP integrates with Black Knight’s Servicing Digital solution to provide customers quick, convenient access to their loan and property-related information from the convenience of any device. Offered as a mobile app and web solution, Servicing Digital delivers the self-service capabilities today’s consumers want, helping servicers amplify customer experience and retention efforts. By giving customers the power to perform tasks and access loan, home and property information on their own, Servicing Digital helps reduce workload and stress on busy servicing operations.   MSP also supports retention with its integration  with Capture, Black Knight’s lead analytics solution that proactively monitors portfolios for loans that could benefit from refinance based on a customer’s specific equity position and/or current first-lien rate. Using the lender’s current pricing and most up-to-date market and margin structure, Capture helps generate accurate, borrower-specific pricing scenarios. Black Knight is committed to routine updates to the MSP system to help clients address their regulatory requirements. These continuous enhancements help servicers stay up-to-date with ever-changing federal regulations, supporting compliance and reducing risk. MSP offers integrated default functionality that assists with loss mitigation, as well as foreclosure, bankruptcy, claims and invoicing processes. This functionality is particularly critical today, as servicers are helping their borrowers get back into an active payment status following the COVID-19 pandemic. Servicers using MSP can maximize the team they have while reducing costs and operating at higher levels of efficiency. The system leverages capabilities including advanced decisioning, workflow, and integration tools to help users simplify and streamline processes and lower costs. “Black Knight’s MSP loan servicing system together with all of the integrated capabilities delivers a comprehensive solution that our clients trust,” said Nackashi. “Black Knight is committed to advancing mortgage servicing with scalable, innovative solutions, backed by decades of financial stability and industry expertise.” Anthony Jabbour, CEO Anthony Jabbour leads the company’s overall vision and direction, and is passionate about delivering innovative solutions across the loan life cycle that help lenders and servicers retain existing customers, gain new customers and operate more efficiently. Joseph Nackashi, President Joseph Nackashi is responsible for helping Black Knight deliver integrated and innovative solutions that help transform the industry and is committed to superior client support and helping clients achieve greater levels of success. The post Black Knight’s MSP loan servicing system aims to help servicers operate more efficiently while reducing costs appeared first on HousingWire. [ad_2] Source link

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