Seaside National Bank Selects BSI Loan Servicing Tech

first_imgHome / Featured / Seaside National Bank Selects BSI Loan Servicing Tech Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily Tagged with: BSI Seaside Servicers Navigate the Post-Pandemic World 2 days ago in Featured, Headlines, News Related Articles Share Save Seaside National Bank Selects BSI Loan Servicing Tech Demand Propels Home Prices Upward 2 days ago Previous: Hyland Acquires Learning Machine Next: The ‘Three Cs’ of a Balanced Mortgage Servicing Industry Data Provider Black Knight to Acquire Top of Mind 2 days ago Subscribe BSI Seaside 2020-02-07 Seth Welborncenter_img The Week Ahead: Nearing the Forbearance Exit 2 days ago  Print This Post BSI Financial Services, a mortgage-centric financial services company, announced that Seaside National Bank has chosen its technology to enhance its loan servicing delivery. Seaside will use BSI Financial Services’ loan servicing platform powered by BSI ASSET360TM, an advanced analytics and reporting technology that provides daily quality assurance reporting on 100 percent of the loans in Seaside’s portfolio.Seaside is a nationally chartered commercial bank headquartered in Orlando, Florida with offices throughout Florida. The company provides a complete array of private banking and commercial products and services as well as wealth management and insurance solutions.“We’re thrilled to be providing Seaside’s customers reliable and responsive service enabled by our Asset360 loan servicing technology while also giving the bank daily, real-time visibility into loan status and performance,” said Allen Price, BSI Financial’s senior vice president for sales and business development. “We look forward to a long and successful relationship.”BSI ASSET360 reviews each loan using more than 600 business rules developed in collaboration with clients, investors and regulators. Loan exceptions are immediately reported to servicing teams for research and remediation. According to company officials, the technology has demonstrated cost savings and loan quality assurance improvements that have yielded significant reductions in error rates in loan boarding and in borrower and regulatory complaints.“We needed a boutique sub-servicer that has a great reputation and is willing to grow with us,” said David Robinson, Seaside’s chief credit officer. “We found that in BSI Financial and its advanced reporting technology, which provides us with complete life-of-loan management as well as the ability to lower costs and stay compliant.” Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. About Author: Seth Welborn Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago February 7, 2020 1,652 Views Demand Propels Home Prices Upward 2 days agolast_img read more

Habeas Corpus Pleas Against Preventive Detention Should Be Heard By Division Bench: Gujarat HC [Read Judgment]

first_imgNews UpdatesHabeas Corpus Pleas Against Preventive Detention Should Be Heard By Division Bench: Gujarat HC [Read Judgment] Akshita Saxena5 Oct 2020 4:24 AMShare This – x”It is the duty of the court to see that the efficacy of the limited yet crucial safeguards provided in the law of preventive detention is not lost in mechanical routine, dull casualness and chill indifference on the part of the authorities entrusted with their application.” In a significant order passed by the Gujarat High Court last month, it has been strongly recommended that…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?Login”It is the duty of the court to see that the efficacy of the limited yet crucial safeguards provided in the law of preventive detention is not lost in mechanical routine, dull casualness and chill indifference on the part of the authorities entrusted with their application.” In a significant order passed by the Gujarat High Court last month, it has been strongly recommended that the petitions challenging the executive orders of preventive detention, should be treated as Habeas Corpus Petitions and should be heard by a Division Bench. While hearing challenge to a single-Bench order declining to look into the legality and validity of the detention order passed against the Appellant, Haidarsha Pir, on the ground that he had already preferred a representation to the Advisory Board (PASA), the Bench of Chief Justice Vikram Nath and Justice JB Pardiwala said, “The preventive detention Act restricts citizens’ personal liberty which is a fundamental right under the Constitution. It is to be reviewed strictly as far as possible and in a manner that does not restrict that right to an extent greater than is necessary to effectuate that object. Therefore, the provisions of such preventive detention Act have to be applied with watchful care and circumspection… xxx We would suggest that the preventive detention matters should be treated as the Habeas Corpus Petitions and a Habeas Corpus Petition, questioning the legality and validity of an order of preventive detention should be heard by a Division Bench of this Court and not by a Single Judge.” The Court recollected that prior to 1995, Habeas Corpus Petitions filed under Article 226 of the Constitution of India were placed for hearing before a Division Bench. However thereafter, Gujarat High Court Rules were amended so as to make the Habeas Corpus Petitions and other detention matters except the matter under the COFEPOSA triable by a Single Judge. Disagreeing with this amendment it said, “We are of the view that the amendment, referred to above, needs to be re-looked as we would suggest that the preventive detention matters should be treated as the Habeas Corpus Petitions and a Habeas Corpus Petition, questioning the legality and validity of an order of preventive detention should be heard by a Division Bench of this Court and not by a Single Judge.” Reliance is placed on previous judgments of the High Courts of Bombay and Allahabad and has also the Supreme Court Rules, 2013. In Shivshankarlal Gupta & Anr. v. CTA Pillai & Ors., AIR 1976 Bom. 165, the Bombay High Court had held, “looking to the history of the exercise of habeas corpus jurisdiction by the High Court in this country we think that the Rule requiring such petitions to be filed before a Division Court taking criminal business of the Appellate Side is in consonance with the historical background as also with the historical background as also with the nature of processes that are associated with the enforcement of preventive laws. For these additional reasons we think it would be appropriate and not all unlawful that the present manner of presenting these applications before a Division Court taking criminal business of the Appellate Side is continued.” The Registry has now been directed to prepare an appropriate submission in this regard and place it before the Chief Justice or its administrative side. Background The Appellant herein came to be preventively detained vide the detention order dated 29th July, 2020 passed by the District Magistrate, Kachchh-Bhuj as a “dangerous person” by virtue of the powers conferred under the Gujarat Prevention of Anti-Social Activities Act, 1985. This order was challenged before the High Court however the Single-Judge declined to look into the matter as a representation in that regard was already pending before the PASA Board and, “in such circumstances, the appellant should wait for the outcome of his representation.” In appeal, the Division Bench proceeded to examine whether a writ application filed by a detenue, preventively detained, can be rejected at the threshold on the ground that the detenue should wait for the outcome of his representation addressed to the PASA Board? It observed that the issue is no longer res integra as in Prabhu Dayal Deorah v. The District Magistrate, Kamrup, [1974] 1 SCC 103, the Supreme Court had held as udner: “We think that the fact that the Advisory Board would have to consider the representations of the petitioners where they have also raised the contention that the grounds are vague would not in any way prevent this Court from exercising its jurisdiction under Article 32 of the Constitution. The detenu has a right under Article 22(5) of the Constitution to be afforded the earliest opportunity of making a representation against the order of detention. That constitutional right includes within its compass the right to be furnished with adequate particulars of the grounds of the detention order. And, if their constitutional right is violated, they have every right to come to this Court under PG NO 1086 Article 32 complaining that their detention is bad as violating their fundamental right. As to what the Advisory Board might do in the exercise of its jurisdiction is not the concern of this Court.” The Court ruled that the concept of alternative remedy and the power of the High Court to entertain a writ application under Article 226 of the Constitution of India is “foreign” to cases wherein the challenge is to an order of preventive detention. It held, “When a citizen of this country complains of infringement of his right of personal freedom and liberty as embodied under Articles 21 and 22 of the Constitution respectively, then the High Court should not decline to entertain his challenge to such preventive detention on the ground that the detenue has an alternative remedy of filing a representation before the authority concerned.” On the merits of the case, the Court observed that the offences alleged to have been committed by the Appellant are such as to attract the punishment under the Mines & Minerals (Development & Regulation) Act, 1957 as well as the IPC. However, it was of the opinion that taking recourse to the preventive detention laws for the said offences “would not be warranted”. “Preventive detention involves detaining of a person without trial in order to prevent him/her from committing certain types of offences. But, such detention cannot be made a substitute for the ordinary law and absolve the Investigating Authorities of their normal functions of investigating the crimes which the detenue might have committed,” the Court said while ordering forthwith release of the Appellant-detenu. Case Title: Haidarsha Pir v. State of Gujarat Click Here To Download Judgment Read Judgment Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more

TAPping into an employee perk

first_imgThe TAP benefit is applied upon registration, so there’s no wait for tuition reimbursement. There are, however, some restrictions. It’s important to make sure you are eligible for TAP before you register. And there can be implications for taxes depending on whether you are pursuing a degree or certificate, taking classes for credit, or taking a job-related class.Still, as Olsen and Natoli have learned, the benefits are worth the time and effort of working through any necessary red tape.For more information on TAP eligibility, tax implications, and other important legalese on TAP for Harvard employees, visit the Tuition Assistance Program page on HARVie or contact your HR representative. Division of Continuing Education’s expertise in online learning has helped to lift College’s transition efforts Extension School grad celebrates the degree it took a lifetime to earn For professors who have taught at Extension School, Zoom is an old friend Related A Navy SEAL who cheated death finds his voice A 40-year road Grit and determination fuels Extension School student Sergio Lopez’s recovery after three heart attacks in succession For many Harvard staffers, the dream of getting a University degree can be an affordable reality thanks to the Tuition Assistance Program (TAP), which lets eligible employees take Harvard classes at a steep discount.It is a dream that had always been one of Veronica Olsen’s long-term goals. When, with help from TAP, she started working on a graduate certificate, the impact on her career was immediate.“When I began my business communications graduate certificate, I worked in enrollment services at DCE [the Division of Continuing Education], but then transitioned to coordinator of alumni communications in the Office of Advancement,” Olsen said.Now, her certificate complete, she is pursuing a master’s of education at Pennsylvania State University and has been promoted again to assistant director of special events.Christine Natoli, who took over for Olsen as coordinator of alumni communications and events, has used TAP to take five courses at Harvard Extension School so far. In June, she enrolled in the School’s graduate degree program in management.“I could not afford to receive an advanced degree without the help of TAP,” Natoli said. “My hope is that this degree will help me advance in the workplace. I know that I’m already learning skills and tactics that are helping me in my current role, so I’m excited to see what other opportunities will present themselves to me as I move through the program.”TAP helps eligible employees take classes at most Harvard Schools, including the Extension School, the Graduate School of Education, the Harvard Kennedy School of Government, the Harvard T.H. Chan School of Public Health, and some designated programs at other Schools.Classes at the Extension School cost TAP employees $40, while classes at other schools are usually offered at 10 percent of the standard tuition.Like Olsen and Natoli, about one-third of employees who take advantage of TAP do so to pursue a graduate certificate or degree at the Extension School. A small percentage use the program to get a bachelor’s degree in liberal arts. But many more simply pursue personal enrichment. More than 80 percent of employees who use TAP take classes at Harvard Extension School. The range of class offerings, flexible scheduling, and fully online availability enable full-time employees to continue their education while working.“I’m glad I had the opportunity to continue my education through TAP,” Olsen said. “Deciding to go back to school was not an easy choice. Being in school while working full-time demands time and a financial commitment. Utilizing TAP … helped set me on a trajectory I never expected.”last_img read more

PKA, Danica increase stakes in biopharmaceutical firm via loan

first_imgPKA and Danica Pension have increased their existing stakes in Danish biopharmaceutical company Symphogen, with commitments to a new convertible debt facility totalling €67.5m.They have been joined by other existing investors including Novo A/S, the investment arm of the Novo Nordisk Foundation, Danish firm Sunstone Capital – which invests in early stage life science and technology companies in Europe – and US-based Essex Woodlands Health Ventures.Symphogen, a private company founded in 2000, develops antibody therapeutics based on antibody mixtures, allowing treatments to fight cancer more effectively, and potentially turning it from a deadly disease to a chronic condition.The company is aiming ultimately to bring oncology products to the market itself. The proceeds of the loan will be used to progress Symphogen’s pipeline, specifically Sym004, an antibody mixture for colorectal cancer, currently undergoing Phase 2b clinical trials in Europe and the US.Since its inception, the company has raised €249m in the form of equity capital.Investors in the current financing round can convert their debt to shares at any time until end-2019.Kirsten Drejer, founding chief executive at Symphogen, told IPE: “The financing has been structured as a loan because not all existing investors have participated, so, until the loan is converted, it does not alter the relative shareholdings.“Furthermore, it gives investors a guaranteed return, as we are still several years away from marketing our first product.”She said the company was now trying to identify additional investors, especially from the US, to take part in the loan facility.PKA is investing around DKK140m (€19m) in this financing round.Claus Jørgensen, head of equity at PKA, told IPE: “Since our first investment in Symphogen was made in 2011, the company has shown impressive results and lived up to PKA’s expectations.“Also, the company has a strong Danish and international investor base led by Novo A/S, which allows it to develop the pipeline in an efficient way.”The investment return over the past 10 years on PKA’s portfolio, now worth DKK215bn, is 7.4% p.a., with a good contribution from the private equity portfolio, Jørgensen said.Symphogen is one of the few unlisted companies in PKA’s portfolio with a directly held stake.Most of PKA’s investments in unlisted companies are made through funds and co-investments with these funds.However, Jørgensen said PKA had no current plans to make similar investments in other healthcare companies.last_img read more

Sarajevo: Everything in Sign of Dragons and Good Fun

first_imgFootball atmosphere shortly before the beginning of the World Cup in Brazil can be described as heated. In Bosnia and Herzegovina, the situation is the same due to the fact that it’s team will play for the first time on this competition. The capital of Bosnia and Herzegovina offers several projects of organized viewing of matches.In Sarajevo, many restaurants are already decorated with the flags of countries participating in this year’s world championship, and of course, dominated by the flag of Bosnia and Herzegovina and Brazil.According to the spokeswoman of “Dragon Nest”, Marina Duletić, said that the biggest “fan zone” will be placed in the center of Sarajevo, where citizens can support the Dragons and keep track of the World Cup matches.“Dragon Nest” will be opened for all visitors from 12th June until 13th July at the liberation square-Alija Izetbegovic.“This event is a small paradise for the fans because they will have everything regarding Championship in one place, watching the games on a large LED screen, tent with 600 seats, competition in table football, live betting, information desk, food corner, contests and lots of other fun activities”, added Duletić.Our Dragons will play their first match against Argentina on June 15th  . (Source: Fena)last_img read more