Business, Free News Articles, Reports and Studies

Distribution and Supply Chain 2020 Annual Report – Planned Capital Projects

JACKSONVILLE BEACH, Fla. -- SalesLeads announced today the CY 2020 results for new planned capital project spending report for the Distribution and Supply Chain industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 2,198 new projects in the Industrial Manufacturing sector identified in 2020.

Planned industrial project activity within the sector increased by 12% from the previous year.

The following are selected highlights on new Distribution Center and Warehouse construction news.

DISTRIBUTION AND SUPPLY CHAIN

PROJECT TYPE

Distribution/Fulfillment Centers- 612 New Projects

Industrial Warehouse - 1,823 New Projects

PROJECT SCOPE/ACTIVITY

New Construction - 1,055 New Projects

Expansion - 482 New Projects

Renovations/Equipment Upgrades - 691 New Projects

Plant Closing - 33 New Projects

PROJECT LOCATION

Texas - 212

California - 153

Florida - 142

New York - 133

Ohio - 124

Indiana - 92

Illinois - 87

Pennsylvania - 86

North Carolina - 78

Tennessee - 75

YOY GROWTH BY STATE

Research shows Tennessee had the highest increase with 35% more projects identified than in 2019. Conversely, Texas showed the largest decline of projects tracked, with a 5% decline compared to 2019.

MOST ACTIVE MONTH

Research shows that the most active month was April, where 214 opportunities.

LARGEST MONTH TO MONTH INCREASE IN PROJECTS TRACKED

Research shows that there was an 18% increase in new projects tracked from March 2020 to April 2020. Conversely, Apr-May showed the largest month to month decline; with 214 new projects in April and 182 in May.

OPPORTUNITIES - BY EQUIPMENT NEED

Conveyors - 1,373

Material Handling/Storage Equipment - 1,579

Lift Trucks - 1,594

Loading Dock Equipment - 1,461

Compressed Air Systems - 1,989

Control Systems and Instrumentation - 662

Floor Coatings - 1,306

Mechanical Construction - 1,835

Fire Suppression Equipment - 1,835

Networking/Security Equipment - 1,835

LARGEST PLANNED PROJECT

In 2020, our research team identified 54 new facility construction projects, estimated value of $100 million or more.

The largest project is owned by Bureau of Engraving & Printing, planning to invest $1.4 billion for the construction of a 1 million sf warehouse & office facility in BELTSVILLE, MD. The project is in early design stage.

TOP 12 LARGEST DISTRIBUTION AND SUPPLY CHAIN PROJECTS

JANUARY

Federal defense agency is planning to invest $125M for construction of a warehouse, office & aircraft maintenance hangar in FAIRFIELD, CA.

FEBRUARY

Global online retailer is investing $295M for the construction of a 645,000sf distribution center in BONDURANT, IA.

MARCH

Commercial airline is planning to invest $550M for a 325,000sf expansion, renovation & equipment upgrades on aircraft hangar, warehouse, & office facilities at Tulsa International Airport in TULSA, OK

APRIL

Biotechnology company is planning to invest $200M for construction of a 416,000sf warehouse, processing & laboratory facility in PLAINVILLE, MA.

MAY

Global online retailer is investing $350M for the construction of a 4M sf distribution facility in CLAY, NY.

JUNE

Cooperative food wholesaler is planning to invest $300M for the construction of a 918,000sf distribution facility in HERNANDO, MS. They will consolidate regional operations upon completion in Spring 2023.

JULY

Aluminum can and glass bottle mfr. is planning to invest $366 million for the construction of a 908,000sf manufacturing, warehouse, laboratory, and office facility in OLYPHANT, PA.

AUGUST

Global online retailer is planning to invest $400M for construction of a 3.8M sf distribution center in DETROIT, MI.

SEPTEMBER

Food production company is planning to invest $314M for construction of a greenhouse, processing, distribution complex in EARLY BRANCH, SC. Construction will occur in phases, completion of first phase 2022.

OCTOBER

LNG provider is planning to invest $542M for construction of processing, warehouse & office facility in JACKSONVILLE, FL.

NOVEMBER

Federal agency is planning to invest $1.4B for construction of a 1M sf warehouse & office facility in BELTSVILLE, MD. In early design stage.

DECEMBER

Online video streaming service provider is planning to invest $1B for expansion of warehouse, studio production & office complex in ALBUQUERQUE, NM.

ABOUT SALESLEADS INC.

SalesLeads Inc., Jacksonville, Florida, generates high quality industrial sales leads with valuable project information that can be assigned immediately to sales. Learn more: http://www.salesleadsinc.com/ 800.231.7876

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Business, Construction and Building, Free News Articles, Manufacturing, Reports and Studies

146 New Industrial Manufacturing Planned Industrial Project Reports – December 2020 Recap

JACKSONVILLE BEACH, Fla. -- SalesLeads announced today the December 2020 results for the new planned capital project spending report for the Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 146 new projects in the Industrial Manufacturing sector.

The following are selected highlights on new Industrial Manufacturing industry construction news.

Industrial Manufacturing - By Project Type

* Manufacturing/Production Facilities - 118 New Projects

* Distribution and Industrial Warehouse - 49 New Projects

Industrial Manufacturing - By Project Scope/Activity

* New Construction - 36 New Projects

* Expansion - 54 New Projects

* Renovations/Equipment Upgrades - 64 New Projects

* Plant Closings - 10 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)

* North Carolina - 13

* Indiana - 11

* Ohio - 10

* South Carolina - 8

* New York - 6

* Pennsylvania - 6

* Georgia - 6

* Florida - 6

* Tennessee - 5

* California - 5

Largest Planned Project

During the month of December, our research team identified 10 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Electric Last Mile, Inc., who is planning to invest $300 million for the renovation and equipment upgrades on a 675,000 sf manufacturing facility in MISHAWAKA, IN. They are currently seeking approval for the project.

Top 10 Tracked Industrial Manufacturing Projects

MISSISSIPPI:

Wood products mfr. is planning to invest $120 million for the construction of a manufacturing facility in LUMBERTON, MS. They have recently received approval for the project. Construction is expected to start in 2021, with completion slated for 2022.

NORTH CAROLINA:

Biopharmaceutical company is planning to invest $150 million for the construction of a 140,000 sf processing facility in RESEARCH TRIANGLE PARK, NC. Completion is slated for early 2022.

NEBRASKA:

Medical technology company is planning to invest $150 million for the renovation and equipment upgrades of their manufacturing facility in COLUMBUS, NE. They have recently received approval for the project.

GEORGIA:

Fiber products mfr. is planning to invest $48 million for the expansion and equipment upgrades of their manufacturing facility in COVINGTON, GA. Completion is slated for Summer 2021.

MISSOURI:

Personal care and home cleaning products mfr. is planning to invest $36 million for the renovation and equipment upgrades on a 508,000 sf manufacturing facility and distribution center at 11401 N. Congress Ave. in KANSAS CITY, MO. They have recently received approval for the project.

NEW YORK:

Automotive mfr. is planning to invest $70 million for an expansion and equipment upgrades of their manufacturing facility in TONAWANDA, NY. They have recently received approval for the project.

SOUTH CAROLINA:

LED products mfr. is planning to invest $55 million for the expansion, renovation, and equipment upgrades on their manufacturing facility in COLUMBIA, SC. Completion is slated for Summer 2022.

TENNESSEE:

Automotive components mfr. is planning to invest $95 million for an expansion of their manufacturing facilities on Hickory Valley Rd. and on Ferdinand Piech Way in CHATTANOOGA, TN. They have recently received approval for the project.

WEST VIRGINIA:

Metal packaging mfr. is planning to invest $30 million for the renovation and equipment upgrades on a manufacturing facility in WEIRTON, WV. Completion is slated for early 2022.

OHIO:

Automotive mfr. is planning to invest $23 million for the construction of a 250,000 sf manufacturing facility in TOLEDO, OH. They are currently seeking approval for the project.

Since 1959, SalesLeads, based out of Jacksonville, FL has been providing Industrial Project Reports on companies that are planning significant capital investments in their industrial facilities throughout North America. Our professional research team identifies new construction, expansion, relocation, major renovation, equipment upgrades, and plant closing project opportunities so that our clients can focus sales and marketing resources on the target accounts that have an impending need for their products, services, and indirect materials.

Each month, our team provides hundreds of industrial reports within a variety of industries, including:

Industrial Manufacturing

Plastics

Food and Beverage

Metals

Power Generation

Pulp Paper and Wood

Oil and Gas

Mining and Aggregates

Chemical

Research and Development

Distribution and Supply Chain

Pipelines

Pharmaceutical

Misc. Industrial Buildings

Waste Water Treatment

Data Centers

Related link: https://www.salesleadsinc.com/

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Business, Free News Articles, Reports and Studies

Tubbergen reports Recently Passed COVID Relief Bill May Threaten Your Retirement

GRAND RAPIDS, Mich. -- Does the Recently Passed COVID Relief Bill Threaten Your Retirement? According to Dennis Tubbergen, a partner with Retirement Lifestyle Advocates, that question is not as crazy as you may be thinking it is.

In this month's issue of the company's newsletter, the "You May Not Know Report," Dennis explores this question and offers some historical references to help answer the question and offer you some strategies for your consideration.

As you are now undoubtedly aware a $900 billion COVID relief bill was recently passed that was part of a $2.3 trillion spending package.

The reality of the situation is that there is only one way to fund this enormous spending bill; more money creation.

History teaches us that whenever a government reaches the point that the only way to fund its profligate spending is through additional money creation, that government is on a path that is irreversible.

As Tubbergen has often stated previously, we are not debating the 'what,' we are only debating the 'when.'

History teaches us that this cycle has existed for as long as governments have existed.

Governments have a balanced budget initially. Then, due to warfare or welfare or both, budgets develop deficits.

These deficits are initially funded through borrowing. Government's issue bonds in which investors invest, loaning the government money to make up the shortfall between tax revenues and spending in exchange for interest payments and a promise from the government to pay the investor's principle back at some future date.

At this point in the cycle, investors are confident of the government's ability to pay them their interest and return their principle to them.

If deficit spending continues, governments are forced to sell more bonds to still more investors. As debt levels rise, and the government becomes a poorer credit risk, the government might have to offer investors more interest to make up for the additional investment risk.

As deficits continue to widen, the government will eventually find itself in a position that investors don't want to loan the government money by purchasing bonds no matter what the interest rate is. When that happens the only remaining option is money creation.

Once money creation starts, it never stops. It only intensifies until such time as there is a reset.

A reset can occur in only two ways.

One, deficit spending stops. That creates a deflationary reset similar to the reset experienced in the 1930's. Markets crash, prices fall and unemployment soars as the economy collapses into a deflationary depression. Debt is purged from the system through defaults.

Two, deficit spending continues as does money creation. Inflation is the result. If money printing continues after inflation begins, even more inflation is created, and eventually, confidence in the currency is lost. When confidence in the currency is lost, a new currency needs to be established at which point the debt in the economy gets redenominated to the new currency. Then deflation takes over the economy and markets crash, prices fall, and unemployment skyrockets.

It seems obvious now that we are now on the latter path.

That is where we now find ourselves as Tubbergen discusses in detail in this month's "Special Report." He'll examine several historical examples of other governments that reached this point and you'll see that in EVERY circumstance the outcome was the same.

If you'd like to learn more, you may request a copy of Dennis Tubbergen's "Special Report" by visiting http://www.requestyourreport.com/.

You can also learn more about Retirement Lifestyle Advocates by visiting their website at https://retirementlifestyleadvocates.com/.

About Retirement Lifestyle Advocates

Based in Grand Rapids, Michigan, Retirement Lifestyle Advocates is a privately held financial planning firm specializing in helping clients position assets to secure a comfortable, stress-free retirement in an economy where government policy threatens to destroy the current financial system.

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Business, Free News Articles, Reports and Studies

Critical Defect Rate Highest Since 2018, Per ACES Quality Management Q2 2020 Mortgage QC Trends Report

DENVER, Colo. -- ACES Quality Management(TM) (ACES), the leading provider of enterprise quality management and control software for the financial services industry, announced the release of its quarterly ACES Mortgage QC Trends Report covering the second quarter (Q2) of 2020. The latest report provides an analysis of post-closing quality control data derived from ACES Quality Management & Control Software(TM).

Notable findings from the Q2 2020 report include:

* The overall critical defect rate of 1.88% is the highest quarterly rate since 2018.

* Defect increase was driven primarily by a 64% increase in the Income/Employment category.

* While defects were down in the overall majority of categories, three of the four key borrower qualification categories saw significant defect rate increases compared to Q1 2020.

* The share of conventional and refinance loans continues to skyrocket.

* Early Payment Defaults (EPD) increased 197% through Sept 2020 compared to last year.

"While evidence of COVID-19's impact on loan quality was present in the Q1 data, Q2 is where 'The COVID Effect' becomes truly apparent, resulting in the highest critical defect rate observed since Q4 2018," said ACES Executive Vice President Nick Volpe. "One of the biggest drivers of this increase was the rise in Income/Employment-related defects - a wholly unsurprising outcome given the challenges nearly all employers faced in transitioning to a remote working environment."

"In many respects, the mortgage industry and the world at large remain in a "wait-and-see" mode. As such, we expect higher than normal volatility in the critical defect rate for the remaining quarters of 2020 and into 2021, though loan volumes should remain high next year thanks to the ongoing low-interest-rate environment," Volpe added.

Findings for the Q2 2020 ACES Mortgage QC Industry Trends Report are based on post-closing quality control data from over 90,000 unique loans and are categorized using the Fannie Mae loan defect taxonomy. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.

"We are still seeing a tremendous increase overall in EPDs as compared to 2019, making it too early to predict when EPDs will peak. Any continued rise is likely to exacerbate long-term default and loss rates, signaling that lenders must remain vigilant of the risks this might pose to their organizations," said ACES CEO Trevor Gauthier. "By increasing visibility into loan quality and introducing functionality specifically designed to accommodate the COVID-related changes to compliance regulations, ACES arms lenders with powerful quality control technology needed to manage that risk as they approach the great unknowns of the year ahead."

ACES executives will analyze the findings from the Q2 2020 ACES Mortgage QC Industry Trends Report and offer insights into what lenders can expect in future quarters during a webinar titled, "Insights into Mortgage QC Trends - First Signs of the COVID Effect," as part of its on-going QC NOW Web Series. To sign up for January 14, 2021 webinar, click here.

Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.acesquality.com/resources/reports.

About ACES Quality Management

ACES Quality Management, formerly known as ACES Risk Management (ARMCO), is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Quality Management & Control Software(TM) to improve audit throughput and quality while controlling costs, including:

* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;

* 7 of the top 10 loan servicers;

* 11 of the top 30 banks; and

* 1 of the top 3 credit unions in the USA.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit www.acesquality.com or call 1-800-858-1598.

Related link: https://www.acesquality.com/

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Advertising and Marketing, Business, Entertainment, Free News Articles, Reports and Studies

Trends for Creative Services Industries from Voices.com’s 2021 Annual Trends Report

LONDON, Ontario -- Voices.com has released their tenth annual trends report that looks at creative services industries - including advertising, education, media, entertainment, technology, and more - and provides insights into trends that impacted them in 2020 and makes predictions for trends in 2021. The report is based on a survey of creative professionals and leverages Voices.com's vast internal data.

The 2021 Annual Trends Report showcases that the COVID-19 pandemic has impacted creative services industries across the board, accelerating digital transformation and changing both content strategies and the way businesses are doing work. 43% of survey respondents are doing more work with freelancers and over 50% of survey respondents are making more internet videos this year.

Survey respondents indicated four trends that were impacting their businesses:

* 52% cited a shift to remote work

* 33% cited an increased demand for eLearning content and online training

* 20% cited the growing digital audio advertising space

* 18% cited the increased popularity of voice-powered applications and devices

"2020 was a year that changed everything-when people did old things in new ways," says Voices.com CEO and founder, David Ciccarelli. "More than ever, it's important for brands to emotionally connect with their customers, and to do so in a safe way. Voice is proving to be both a medium and a means of creating emotion and is emerging as a key trend in our increasingly touchless world."

To view the report, "2021 Annual Trends Report: Communicating through voice and video in a remote world," and to discover even more trends visit https://www.voices.com/company/press/reports/2021-annual-trends-report

About Voices.com

Voices.com is the largest marketplace for audio and voice over products and services in the world, with over one million members. Since 2005, the biggest and most beloved brands have entrusted Voices.com to help them find their voice. Headquartered in London, Canada, Voices.com helps service clients and voice talent in over 160 countries. Learn more: https://www.voices.com/

Media Contact:
Michelle Melski
michelle.melski@voices.com
1-888-359-3472 ext. 536

Related link: https://www.voices.com/

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Business, Free News Articles, Manufacturing, Reports and Studies

152 New Industrial Manufacturing Planned Industrial Project Reports – November 2020 Recap

JACKSONVILLE, Fla. -- SalesLeads, Inc. announced today November 2020 results for new planned capital project spending report for Industrial Manufacturing industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 152 new projects.

Planned industrial project activity within the sector increased by 9% from the previous month, but is down 10% YTD from the previous year.

Highlights on new Industrial Manufacturing industry construction news.

Type

* Manufacturing/Production Facilities - 138

* Distribution and Industrial Warehouse - 59

Project Scope

* New Construction - 40 New Projects

* Expansion - 55 New Projects

* Renovations/Equipment Upgrades - 75 New Projects

* Plant Closings - 8 New Projects

Location

* Indiana - 13

* Florida - 10

* North Carolina - 10

* Michigan - 9

* Wisconsin - 9

* Ontario - 8

* Ohio - 8

* New York - 8

* South Carolina - 7

* Iowa - 7

Largest Planned Project

SalesLeads' research team identified 6 new Food & Beverage facility construction projects, estimated value $100+M.

Largest project is owned by General Motors, who is planning to invest $1.4B for renovation & equipment upgrades on their manufacturing facilities in OSHAWA, ST. CATHERINES, and WOODSTOCK, ON. Recently received approval for the project.

Top 10 Tracked Industrial Manufacturing Projects

NORTH CAROLINA

Medical equipment mfr., planning to invest $300M for construction of a 1M sf manufacturing facility in RESEARCH TRIANGLE PARK, NC. Recently received approval for the project. Completion late 2023.

IOWA

Pharmaceutical company is planning to invest $50M for expansion of processing facility in CHARLES CITY, IA. Completion early 2022.

NEW JERSEY

Shipping container mfr. is planning for expansion of manufacturing facility in CINNAMINSON, NJ by 225k sf. Received approval for the project.

NEW YORK

Biotechnology company is planning to invest $90M for a 50k sf expansion, renovation & equipment upgrades on manufacturing facility in GRAND ISLAND, NY. Construction expected to start early 2021, completion late 2022.

OHIO

Packaging container mfr. is planning to invest $30M for the renovation & equipment upgrades of 81k sf manufacturing facility in LORDSTOWN, OH. Seeking approval.

SOUTH CAROLINA

Tire mfr. is planning to invest $100M for expansion & equipment upgrades of manufacturing facility in GREENVILLE, SC. Currently seeking approval.

TENNESSEE

Pharmaceutical company is planning to invest $65M for expansion of manufacturing facility in NASHVILLE, TN. Construction will occur in phases. Completion of first phase: late 2021.

VIRGINIA

Aircraft mfr. is planning to invest $48M for expansion of their hangar, manufacturing & office facility in BRIDGEWATER, VA by 46k sf. Received approval.

ALABAMA

Automotive components mfr. is planning to invest $16M for construction of a manufacturing facility in MCCALLA, AL. Received approval.

IDAHO

Power systems equipment mfr. is planning for construction of a 140k sf manufacturing facility in MOSCOW, ID. Construction starts Spring 2021, completion Summer 2022.

About SalesLeads, Inc.

SalesLeads, Jacksonville, Florida, provides accurate and timely Industrial Market Intelligence on planned capital projects throughout North America so you can focus on selling to the right accounts at the right time.

Learn more: https://www.salesleadsinc.com/ or 800.231.7876.

Media Contact:
Cherise Kennerley
ROI Marketing
cherise@roi-m.com
847-312-1367 mobile

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Business, Environment and Ecology, Free News Articles, Reports and Studies, Sciences

Oil and Gas Companies to Solve Climate Change – Develop Global Enhanced Geothermal Energy

YAP, Micronesia -- How can oil and gas companies lead in the fight against climate change? That is a question whose answer could very well solve the climate crisis rapidly. A new research project hosted by the Center for Open Science's online collaboration platform explores one option: pay them generously to drill for geothermal energy, and let their profits transform the entire global economy. That is the focus of Dr. Daniel Helman, a multidisciplinary researcher on the small island of Yap in Micronesia, who initiated the work this week.

According to an MIT study published more than a decade ago, there are large amounts of usable geothermal energy located all over the world, in every country. It is enough energy to power civilization for several millennia to come.

Called "enhanced geothermal" because it involves adding to the drilling process to fracture the surrounding rock, the oil and gas industries can do the work to ramp up this new geothermal energy to fuel the global economy. It could feasibly end reliance on fossil fuels.

"The timing and scale of climate change mitigation and adaptation are important," writes Helman about his motivation. The idea is to use the profit motive to encourage the oil and gas sector to come to the table, and provide a carrot for developing nations to make the switch. That could end the deadlock in the official climate negotiations as well.

"Providing viable pathways for oil and gas companies to cease production of fossil fuels and transition to developing geothermal energy is a novel and useful avenue for research," writes Helman about the work.

This solution doesn't come cheap. Adoption still depends on developed countries like the United States, the UK, and members of the European Union to fund the effort. And negotiations over how much geothermal energy to develop in each country are bound to be contentious, but could easily be based on population or on known fossil fuel reserves.

Helman's "Mixing Climate Change Response with the Profit Motive: Policy Roadmap for Hiring the Oil/Gas Sector to Develop Global Enhanced Geothermal Energy" is available on the Open Science Framework, an online platform of the Center for Open Science, at: https://osf.io/ta9wj/.

Follow Dr. Helman on Twitter at: https://twitter.com/HelmanDaniel

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Business, Free News Articles, Reports and Studies

LBA Ware Issues Q3 2020 Mortgage Loan Originator Compensation Report, Enhances Analysis with Addition of Loan Processor Compensation Data

MACON, Ga. -- LBA Ware(TM), a leading provider of incentive compensation management (ICM) and business intelligence software solutions for the mortgage industry, today released summary statistics on the state of mortgage industry compensation in the third quarter of 2020. The firm's analysis of data from its CompenSafe(TM) ICM platform shows that year-over-year increases in refinance and purchase loan volume contributed to increased commissions for both loan originators (LOs) and loan processors.

Methodology

LBA Ware reviewed account data for mortgage lenders who used CompenSafe to automate incentive compensation throughout the third quarter of 2020. The controlled, sample dataset consisted of retail, first-lien production from LOs and loan processors with at least six funded loans during the three-month period beginning July 1, 2020, and ending September 30, 2020.

Key Findings

* Commissions earned by LOs in Q3 2020 increased 50% from Q3 2019, because the average LO funded 51% more volume in Q3 2020 ($2.6M per month) versus Q3 2019 ($1.7M per month).

* Refinance transactions accounted for 46% of total volume funded in the quarter (versus only 36% of total volume funded in Q3 2019). LOs averaged $1.2M in funded refinance volume per month, an increase of more than 75% over Q3 2019.

* Although paychecks were larger in Q3 2020 than Q3 2019, the uptick in refinance production contributed to a 0.9% decrease in per-loan commissions from 107 basis points in Q3 2019 to 106 basis points in Q3 2020. Refinance commissions averaged 100 basis points in Q3 2020 compared to 111 basis points paid out for purchase loans.

* Purchase volume grew year-over-year with LOs averaging $1.45M in funded purchase loans per month ($1.11M in Q3 2019) and receiving on average 110.8 basis points per purchase loan (109.8 in Q3 2019).

* Loan processors handled 30% more loans per month in Q3 2020 compared to Q3 2019, fueling a 54% increase in average incentive compensation earned from $5,105 in Q3 2019 to $7,855 per processor in Q3 2020.

"Increased loan volume continues to deliver big paydays for loan originators as well as for loan processors, many of whom earn per-loan unit bonuses," said LBA Ware Founder and CEO Lori Brewer. "The refi boom won't continue indefinitely, though, and we're already seeing some softening in refi volume even as consumer appetite for purchase loans sharpened in Q3."

About LBA Ware(TM):

LBA Ware is a leading provider of cloud-based software for mortgage lenders. Since 2008, LBA Ware has been on a mission to help mortgage companies reach new heights with software that integrates data, incentivizes performance and inspires results. Today, more than 100 lenders of all sizes, including some of the nation's top producing mortgage companies, use LBA Ware's award-winning technology to enhance lender experiences and maximize the human potential within their organizations. A 2019 Inc. 5000 fastest-growing private company, LBA Ware is headquartered in Macon, Georgia. For more information, visit https://www.lbaware.com/.

Twitter: @LBAWare #CompenSafe #mortgagetrends #LOcompensation

Related link: https://go.lbaware.com/

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Business, Free News Articles, Reports and Studies, Software

ACES Quality Management Q1 2020 Mortgage QC Trends Report: EPDs Rising, Critical Defect Rate Hits Three-Year Low

DENVER, Colo. -- ACES Quality Management (ACES), formerly known as ARMCO and the leading provider of enterprise quality management and control software for the financial services industry, announced the release of the quarterly ACES Mortgage QC Trends Report. The latest report, which provides nationwide loan quality findings based on data derived from ACES Quality Management and Control Software(TM), covers the first quarter (Q1) of 2020.

Noteworthy findings include:
* Overall critical defect rate of 1.56% matched the lowest rate in three years;
* Defects attributed to the credit and income categories rebounded after climbing higher in Q4 2019;
* Increases in the share of refinances (5%) and conventional loans (2%) contributed to the improvement in the overall defect rate; and
* Early Payment Defaults are on the rise.

"The combination of falling interest rates, employment numbers not yet impacted by COVID-19, and steady property appreciation all contributed to increases in the share of both refinances and conventional loans, which in turn drove the continued decrease in the overall critical defect rate observed in Q1 2020," said ACES Executive Vice President Nick Volpe. "However, the last few weeks of the quarter encompassed the beginning of the COVID-19 pandemic, and given the economic impact of the pandemic on consumers, the number of early payment defaults increased, as one would expect."

"ACES is monitoring this area closely, and the early Q2 data shows the number of EPDs reviewed by lenders through ACES is 75% higher than the average monthly rate of EPD reviews for 2019. Because an EPD review is triggered only when borrowers fall three or more payments behind, this indicates the industry is still in the early stages of the problem, and there is a high likelihood that the number of EPDs will continue to increase," Volpe added.

The Q1 2020 ACES Mortgage QC Industry Trends Report is drawn from nationwide post-closing quality control loan data from over 90,000 unique loans selected for random full-file reviews, as was captured by the company's ACES Quality Management and Control benchmarking system. Defects listed in the report are categorized using the Fannie Mae loan defect taxonomy.

"Amid the chaos and uncertainty driven by COVID-19, data provides a clear path forward for lenders. While the industry's focus has been on managing the near-historic volumes, Q1 loan defect data also indicates that lenders must also turn their attention to the growing problem of EPDs, as this represents a significant operation and financial risk to their organizations," said ACES CEO Trevor Gauthier. "The power of ACES benchmarking functionality is that it allows lenders to utilize their current QC data to see what may lie ahead and respond accordingly to maintain loan quality and manage risk. This kind of trend forecasting can be a powerful tool in lenders' arsenals especially with so much uncertainty remaining at a macroeconomic level."

Mortgage QC Industry Trends Reports are available for download, free of charge, at https://www.acesquality.com/resources/reports.

About ACES Quality Management

ACES Quality Management, formerly known as ACES Risk Management (ARMCO), is the leading provider of enterprise quality management and control software for the financial services industry. The nation's most prominent lenders, servicers and financial institutions rely on ACES Audit Quality Management & Control Software(TM) to improve audit throughput and quality while controlling costs, including:
* 3 of the top 5 and more than 50% of the top 50 independent mortgage lenders;
* 2 of the top 5 loan servicers; and
* 2 of the top 5 depository institutions.

Unlike other quality control platforms, only ACES delivers Flexible Audit Technology, which gives independent mortgage lenders and financial institutions the ability to easily manage and customize ACES to meet their business needs without having to rely on IT or other outside resources. Using a customer-centric approach, ACES clients get responsive support and access to our experts to maximize their investment. For more information, visit https://www.acesquality.com/ or call 1-800-858-1598.

Related link: https://www.acesquality.com/

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Aerospace and Aviation, Business, Free News Articles, Reports and Studies

Track the Sudden Conversion to Renewable Fuels

BOULDER, Colo. -- The Jacobsen Publishing has launched a hub for tracking the rapidly changing landscape of fuel producers adopting renewables, with a focus on renewable diesel, sustainable aviation fuels and co-processing operations.

The special coverage includes tracking on:
* Current US Renewable Diesel Production Refineries
* US Co-Processing Refineries
* US Refinery Conversions and New Builds
* Renewable Diesel Facilities List with 10 Year Projections
* Renewable Diesel Feedstock Balance Sheets
* Price Forecasting and Supply and Demand Analysis

The Jacobsen's position between agriculture and energy gives them a practical and insightful understanding of how these two industries will converge at an ever-increasing rate in the upcoming year.

Access to the hub is available to the public and can be accessed at https://thejacobsen.com/renewable-fuels/

About the Jacobsen:

The Jacobsen has been a price reporting agency since 1865 which puts us in a rarefied field of companies that have survived for so long. We set the benchmark for a wide range of commodities trading as a result of our unbiased, rigorous, neutral position in the market. Our team is unparalleled in experience on supply-demand fundamentals, reporting and forecasting in both long-standing and emerging markets.

Please contact George Morris at George [at] thejacobsen.com for more information.

*IMAGE link for media: https://www.Send2Press.com/300dpi/20-0908s2p-thejacobsen-300dpi.jpg

MEDIA ONLY CONTACT:
George Morris
The Jacobsen
george@thejacobsen.com
303-775-4213

Related link: https://thejacobsen.com/

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