Business, Free News Articles, Reports and Studies, Software

Critical Defect Rate Drops 18% in Q3 2021, Per ACES Quality Management Mortgage QC Industry Trends Report

DENVER, Colo. -- ACES Quality Management® (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 third quarter (Q3) of 2021. The latest report provides an analysis of post-closing quality control data derived from ACES Quality Management & Control® software.

Notable findings from the Q3 2021 report include:

* Mortgage lenders managed mortgage origination quality extremely well in Q3 2021, leading to an 18% improvement in the overall credit defect rate.

* Manufacturing-related loan defects decreased as volumes declined.

* Q3 marked the official shift from refinances to a purchase-driven market, with purchase defects increasing as a result.

* Defect performance on conventional loans stabilized while FHA defects rose.

* The Early Payment Defaults trend line indicates that reviews peaked and are now below pre-pandemic levels, shifting the focus to the remaining loans in forbearance status and exit plans for those borrowers.

"The critical defect rate for Q3 2021 dropped 18% to 1.86%, a welcomed improvement from the previous quarter. Lenders also experienced a slight decrease in origination volume, down 8% from Q2 of 2021," said ACES Executive Vice President Nick Volpe. "Metrics are beginning to trend back to their historic normal levels as volume moderates. With the amount of volatility in macroeconomic factors and rising rates, the decline in the overall critical defect rate is a testament to lenders taking quality management and control seriously."

Findings for the Q3 2021 ACES Mortgage QC Industry Trends Report are based on post-closing quality control data derived from the ACES Quality Management and Control® benchmarking system and incorporate data from prior quarters and/or calendar years, where applicable. All reviews and defect data evaluated for the report were based on loan audits selected by lenders for full file reviews.

"An improvement in the critical defect rate is always a positive sign. The worst of early payment default volume seems to be behind us, but we're not out of the woods yet. Lenders' focus should continue to be on helping remaining loans in forbearance status and building exit plans for those borrowers," said ACES CEO, Trevor Gauthier. "Lenders and banks need to be cognizant of the economic and geopolitical environments in the coming months and possibly years. As the Federal Reserve works to calm inflation, these actions oftentimes have a ripple effect, which can certainly impact loan quality."

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 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 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/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Manufacturing, Reports and Studies

152 New Planned Manufacturing Industrial Projects Identified – Report for March 2022

JEFFERSON BEACH, Fla. -- SalesLeads announced today the March 2022 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 152 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 - 137 New Projects
Distribution and Industrial Warehouse - 71 New Projects

Industrial Manufacturing - By Project Scope/Activity
New Construction - 40 New Projects
Expansion - 56 New Projects
Renovations/Equipment Upgrades - 65 New Projects
Plant Closings - 12 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)
Indiana - 13
Michigan - 12
Ohio - 11
California - 10
New York - 8
Ontario - 8
South Carolina - 7
Texas - 6
North Carolina - 6
Pennsylvania - 5

Largest Planned Project

During the month of March, our research team identified 13 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Contemporary Amperex Technology USA, Inc., who is planning to invest $5 billion for the construction of a manufacturing facility and is currently seeking a site in TEXAS.

Top 10 Tracked Industrial Manufacturing Projects

MICHIGAN:

Battery components mfr. is planning to invest $2 billion for an expansion of their manufacturing facility in HOLLAND, MI. They have recently received approval for the project.

ONTARIO:

Automotive mfr. is planning to invest $1.1 billion for the renovation and equipment upgrades on their manufacturing facility in ALLISTON, ON. They are currently seeking approval for the project.

MARYLAND:

Medical supply company is planning to invest $350 million for the renovation and equipment upgrades on a 735,000 sf warehouse and manufacturing facility in SPARROWS POINT, MD. Completion is slated for early 2023.

NEW YORK:

Semiconductor components mfr. is considering investing $150 million for the construction of a 150,000 sf manufacturing facility and currently seeking a site in the ALBANY, NY and ROCHESTER, NY area.

ILLINOIS:

Steel pipe and tube mfr. is planning to invest $130 million for the renovation and equipment upgrades on an 810,000 sf warehouse and manufacturing complex at 1600 Ritchie Court in ROCHELLE, IL. Completion is slated for Fall 2022.

PENNSYLVANIA:

Semiconductor components mfr. is planning for an expansion and equipment upgrades on their manufacturing facility in EASTON, PA. They are currently seeking approval for the project.

ARKANSAS:

Electric vehicle mfr. is planning to invest $80 million for the renovation and equipment upgrades on a recently acquired 580,000 sf warehouse and manufacturing facility at 1425 Ohlendorf Rd. in OSCEOLA, AR.

SOUTH CAROLINA:

Plastic resin mfr. is planning to invest $54 million for the renovation and equipment upgrades on their manufacturing facility in GASTON, SC. They have recently received approval for the project.

INDIANA:

Biotechnology company is planning to invest $50 million for the construction of a 300,000 sf processing facility at 1555 Manchester Ave. in WABASH, IN. They have recently received approval for the project. Completion is slated for Summer 2023.

CALIFORNIA:

Global automation technology company is planning to invest $40 million for the construction of a manufacturing facility in POMONA, CA. They are currently seeking approval for the project.

ABOUT SALESLEADS, INC.:

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

* 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

LEARN MORE: https://www.salesleadsinc.com/industry/industrial-manufacturing/

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

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

Blue Glacier Publishes ‘Red Team’ Report on ‘What if Kim Jong Un Dies in 2022?’

FAIRFAX, Va. -- Blue Glacier Security & Intelligence LLC announced it has published a thought-provoking Red Team memorandum titled "What if Kim Jong Un Dies in 2022?" This "out-of-the-box" analytic approach offers a thought-provoking viewpoint after Kim's recent, drastic weight loss and continued weapons tests.

The Red Team memorandum addresses how Kim might die in 2022, who might succeed him, and how that succession could unfold.

Blue Glacier's Red Team memorandums are modeled after the Central Intelligence Agency's Red Cell memorandums. This latest Blue Glacier effort follows the company's prescient Red Team memo on the intersection of cybercrime, anti-vaccination militancy, and pandemic fatigue that was published in August (https://blueglacierllc.com/wp-content/uploads/2021/07/Blue-Glacier-Red-Team-Memo_Cybercrime-Anti-Vax-July-30-2021.pdf).

Key takeaways from this Red Team memorandum include:

* Kim Jong Un's father (Kim Jong Il), grandfather (Kim Il Sung), and half-brother (Kim Jong Nam) all had problems with heart disease. Kim Jong Il and Kim Il Sung both suffered from diabetes and stress and died of heart attacks. Kim Jong Un's aunt (his father's sister) reportedly also has heart problems.

* Kim Jong Un's habits and family history of heart disease, diabetes, obesity, and nicotine addiction indicate significant health risks.

* Several real and perceived assassination attempts against Kim Jong Un and his father (some of these attempts are listed in the Red Team memo) likely inform Kim's understanding of threats to his power.

* Kim Jong Un has probably selected a successor from within his family (the "Paektu bloodline"). However, Kim's eldest son will be only 11 or 12 years old if Kim dies in 2022.

* Kim Jong Un's sister Kim Yo Jong is likely being groomed to be regent for her nephew, rather than supreme leader, if Kim Jong Un does not live to oversee the transition himself.

* The 72-year-old Choe Ryong Hae (Kim Yo Jong's father-in-law), president of the Presidium of the Supreme People's Assembly and also first vice-chairman of the State Affairs Commission, could be the elite who would most likely dare to question Kim Jong Un, or attempt to consolidate power and succeed Kim if the supreme leader dies in 2022, or even mount a coup.

"This Red Team effort reminds us to avoid tunnel vision on the Ukraine war," notes K. Campbell, a principal at Blue Glacier. "Kim's significant health risks, in addition to the constant threats of assassination and coups he faces, has implications for all of East Asia and beyond."

View report (PDF) at: https://blueglacierllc.com/wp-content/uploads/2022/03/Blue-Glacier-Red-Team-Memo_What-if-KJU-Dies-in-2022_March-18-2022.pdf

About Blue Glacier Security & Intelligence LLC:

Blue Glacier is a military veteran-owned security and intelligence consultancy that specializes in all-hazards security risk assessments, business continuity and disaster preparedness planning, workplace violence training, executive protection, and geopolitical risk. Contact Blue Glacier at bluesupport@blueglacierllc.com or (703) 934-2034 / (202) 389-6200.

Learn more: https://blueglacierllc.com/

Twitter: https://twitter.com/BlueGlacier_LLC

#KimJongUn #NorthKorea #RedTeam

LinkedIn: https://www.linkedin.com/company/blue-glacier/

MULTIMEDIA:

VIDEO (YouTube): https://youtu.be/4i6WS7qreXM

Related link: https://blueglacierllc.com/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

Kiosk Association Digital KYC Series Begins: the new framework for identity, for opt-in consumers

​DENVER, Colo. -- March Self-Service News: The Kiosk Association is pleased to announce new multipart series of whitepapers covering Digital KYC. Digital KYC is the new framework for identity, for opt-in consumers. PopID is 100,000 users in California. Wendy's First Kitchen in Japan is the first international. The complete 5-part series will see a whitepaper per month.

Coming Events:

National Restaurant Association in Chicago in May is the big upcoming. We will be showing the unreleased LG fast food self-order kiosk in its first public appearance.

June 8 is InfoComm 2022 and we are a media partner for the show. AV is huge and especially for all forms of menu displays for outdoor (think Drive-Thru which is 75% of sales?). Big screens for EV charging stations at places like Walgreens, Kohls, and now restaurants. The free advertising on Google Maps doesn't hurt.

Free Research -- Updated Market report. Included are restaurants worldwide & kiosks. McDonalds & YUM Foods being the two big components. Using corporate sites plus NRN datafiles we have a lower margin of error. We're updating the spreadsheet with drive-thru & digital menu displays for more context.

Market Report information: https://kioskindustry.org/kiosk-market-research-2022-trends-in-self-service-facts-factoids-v2/

Kiosks

* Face Verification - PopID Seeking $50 million Pay By Face

* Lockdown Browser News - Android + Windows & Kiosk Mode

* IDmission - Empowering Identity Solutions

* Know Your Customer Brief aka Digital KYC

* Kiosk Location and Kiosk Placement - Best Practice

* Touchless Checkout Kiosks - 235% increase in deployments for Grab and Go

* Stripe For Kiosks - Samsung Kiosk Demo No Code by Intuiface

* National Restaurant Association Kiosk Trade Show

* Telehealth Kiosk - Mental Health for Students and Let's Talk Interactive

* Antibacterial Touchscreen News - Utah Study on COVID Transmission via Surfaces

* Wayfinding Kiosk - 22Miles Video Catalog - Healthcare, Hoteling, Convention Centers and More

Digital Signage

* Digital Signage STRATACACHE Partners with NCR

* Digital Signage Software Solutions - Video Catalog - Healthcare, Hoteling, Convention Centers and More

* ChromeOS Flex for Digital Signage

Retail Automation

* Just Walk Out Checkout - Whole Foods

* Food Robot Roundup - Delivery Robots & Robotic Food Assembly

* UK Shop and Go Automated Store - Just Walk Out - Tesco, Sainsburys Aldi UK Review - nice photo gallery of each store and its "just walk out" configuration.

FOR MORE INFORMATION:

Contact Craig Keefner, 720-324-1837 or craig@catareno.com or visit https://kioskindustry.org/.

Since 1996 for 26 years serving the self-service technology market. For a complete list of verticals visit The Industry Group (https://industrygroup.org/).

Related link: https://kioskindustry.org/

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Manufacturing, Reports and Studies

145 New Planned Manufacturing Industrial Projects Identified – Report for February 2022

JACKSONVILLE BEACH, Fla. -- SalesLeads announced today the February 2022 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 145 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 - 135 New Projects

Distribution and Industrial Warehouse - 70 New Projects

Industrial Manufacturing - By Project Scope/Activity

New Construction - 37 New Projects

Expansion - 46 New Projects

Renovations/Equipment Upgrades - 64 New Projects

Plant Closings - 14 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)

Texas - 14

Ohio - 8

Indiana - 8

North Carolina - 8

New York - 8

Michigan - 7

South Carolina - 7

Florida - 6

Ontario - 6

California - 5

LARGEST PLANNED PROJECT

During the month of February, our research team identified 14 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by ArcelorMittal Dofasco, who is planning to invest $1.8 billion for the renovation and equipment upgrades on their manufacturing facility in HAMILTON, ON. They have recently received approval for the project.

Top 10 Tracked Industrial Manufacturing Projects

NORTH CAROLINA:

Pharmaceutical company is planning to invest $1 billion for the construction of a 5 building processing and manufacturing complex in CONCORD, NC. They have recently received approval for the project.

ARIZONA:

Air treatment system mfr. is planning to invest $300 million for the construction of a 1 million sf manufacturing and office facility and currently seeking a site in the MESA, AZ or CHANDLER, AZ area.

INDIANA:

Steel company is planning to invest $290 million for an expansion and equipment upgrades of their manufacturing facility in CRAWFORDSVILLE, IN. They are currently seeking approval for the project.

TEXAS:

Steel pipe mfr. is planning to invest $192 million for an expansion of their manufacturing facility in BAYTOWN, TX. They are currently seeking approval for the project. Completion is slated for 2023.

TENNESSEE:

Tile mfr. is planning to invest $140 million for the renovation and equipment upgrades of their 250,000 sf manufacturing facility in DICKSON, TN. They are currently seeking approval for the project. Completion is slated for late 2023.

KENTUCKY:

Magnetic products mfr. is planning to invest $95 million for the construction of a 171,000 sf manufacturing facility in LOUISVILLE, KY. They have recently received approval for the project.

WEST VIRGINIA:

Automotive mfr. is planning to invest $73 million for the renovation and equipment upgrades on their manufacturing facility in BUFFALO, WV. They have recently received approval for the project.

NORTH CAROLINA:

Rubber components mfr. is planning to invest $70 million for an expansion of their warehouse and manufacturing facility in KINSTON, NC. They have recently received approval for the project.

PENNSYLVANIA:

Aluminum products mfr. is planning to invest $46 million for an expansion of their manufacturing and processing facility in LANCASTER, PA. They are currently seeking approval for the project. Completion is slated for Spring 2023.

WEST VIRGINIA:

Building materials mfr. is planning to invest $40 million for the construction of a 150,000 sf manufacturing facility on John Nash Blvd. in BLUEFIELD, WV. Completion is slated for late 2022.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities.

The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

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

LEARN MORE:

https://www.salesleadsinc.com/industry/industrial-manufacturing/

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

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Manufacturing, Reports and Studies

813 New Food and Beverage Industry Planned Project Reports – CY 2021 Recap

JACKSONVILLE BEACH, Fla. -- SalesLeads announced today the CY 2021 results for the new planned capital project spending report for the Food and Beverage industry. The Firm tracks North American planned industrial capital project activity; including facility expansions, new plant construction and significant equipment modernization projects. Research confirms 813 new projects in the Food and Beverage sector identified in 2021.

Planned industrial project activity within the sector decreased by 7% from the previous year.

The following are selected highlights on new Food and Beverage industry construction news.

Food and Beverage Project Type

* Processing Facilities - 620 New Projects

* Distribution and Industrial Warehouse - 239 New Projects

Food and Beverage Project Scope/Activity

* New Construction - 310 New Projects

* Expansion - 219 New Projects

* Renovations/Equipment Upgrades - 337 New Projects

* Plant Closing - 31 New Projects

Food and Beverage Project Location (Top 10 States)

Texas - 51

California - 46

New York - 46

Ohio - 40

Pennsylvania - 38

Florida - 32

Wisconsin - 31

Indiana - 30

Georgia - 30

Missouri - 28

YOY Growth by State

Research shows that Missouri state had the highest increase of projects tracked, with 54% more projects identified than in 2020. Conversely, Kentucky state showed the largest decline of projects tracked, with a 85% decline compared to 2020.

Most Active Month

Research shows that the most active month was August, where 86 new projects opportunities were identified.

Largest Month to Month Increase in Projects Tracked

Research shows that there was a 20% increase in new projects tracked from May 2021 to June 2021. Conversely, Aug-Sep showed the largest month to month decline; with 86 new projects in August and 61 in September.

Opportunities - By Equipment Need

* Air Emissions Control Equipment - 567

* Compressed Air Systems - 739

* Control Systems and Instrumentation - 588

* Conveyors - 659

* Floor Coatings - 431

* Material Handling/Storage Equipment - 760

* Mechanical Construction - 666

* Packaging Equipment - 518

* Process Equipment - 508

* Tanks/Vessels - 315

Largest Planned Project

During the year 2021, our research team identified 52 new Food and Beverage facility construction projects with an estimated value of $100 million or more.

The largest project is owned by J.M. Smucker Company, who is planning to invest $1 billion for the construction of a processing facility in MCCALLA, AL. Construction will occur in phases and is expected to start in early 2022, with completion slated for 2025.

Top 12 Largest Food and Beverage Projects

JANUARY

Pet food mfr. is planning to invest $145 million for a 200,000 sf expansion and equipment upgrades of their processing facility in FORT SMITH, AR. They have recently received approval for the project. Completion is slated for 2022.

FEBRUARY

Cheese mfr. is planning to invest $500 million for the construction of a 486,000 sf processing facility in BELVIDERE, NY.

MARCH

Pet food mfr. is planning to invest $390 million for the construction of a processing facility at 6574 OH-503 in LEWISBURG, OH. They have recently received approval for the project. Completion is slated for Fall 2023.

APRIL:

Winery is planning to invest $400 million for the construction of a production facility in FORT LAWN, SC. They are currently seeking approval for the project.

MAY:

Dairy products mfr. is planning to invest $460 million for the construction of a processing facility in DODGE CITY, KS. Completion is slated for 2024.

JUNE:

Startup meat processing company is planning to invest $325 million for the construction of a processing facility in MILLS COUNTY, IA. Construction is expected to start in Spring 2022, with completion slated for late 2023.

JULY:

Beverage company is planning to invest $740 million for the construction of a 2 million sf processing and distribution facility in CONCORD, NC. They have recently received approval for the project.

AUGUST:

Specialty food products mfr. is planning to invest $415 million for the expansion, renovation, and equipment upgrades on their processing facility in AMERICAN FALLS, ID. Completion is slated for Summer 2023.

SEPTEMBER:

Startup soybean processing company is planning to invest $350 million for the construction of a processing facility in ALTA, IA. They are currently seeking approval for the project. Completion is slated for early 2024.

OCTOBER:

Specialty dairy products mfr. is planning to invest $870 million for the construction of a processing facility in LUBBOCK, TX. They have recently received approval for the project.

NOVEMBER:

Specialty food products mfr. is planning to invest $1 billion for the construction of a processing facility in MCCALLA, AL. Construction will occur in phases and is expected to start in early 2022, with completion slated for 2025.

DECEMBER:

Distillery is planning to invest $400 million for the construction of a production facility in CHARLESTOWN, IN. 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

Learn more: https://www.salesleadsinc.com/industry/food-and-beverage/

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

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Manufacturing, Reports and Studies

137 New Planned Manufacturing Industrial Projects Identified – Report for January 2022

JACKSONVILLE BEACH, Fla. -- SalesLeads announced today the January 2022 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 137 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 - 65 New Projects

Industrial Manufacturing - By Project Scope/Activity

- New Construction - 44 New Projects

- Expansion - 44 New Projects

- Renovations/Equipment Upgrades - 57 New Projects

- Plant Closings - 9 New Projects

Industrial Manufacturing - By Project Location (Top 10 States)

Texas - 11

Ohio - 10

Pennsylvania - 9

North Carolina - 9

New York - 8

Tennessee - 6

South Carolina - 6

Florida - 6

Illinois - 5

Michigan - 5

LARGEST PLANNED PROJECT

During the month of January, our research team identified 17 new Industrial Manufacturing facility construction projects with an estimated value of $100 million or more.

The largest project is owned by Micron Technology, Inc, who is planning to invest $150 billion for the construction of a manufacturing facility. They are currently seeking a site in the CALDWELL COUNTY, TX or WILLIAMSON COUNTY, TX area.

Top 10 Tracked Industrial Manufacturing Projects

ARKANSAS:

Steel company is planning to invest $3 billion for the construction of a manufacturing facility in OSCEOLA, AR. Completion is slated for 2024.

WEST VIRGINIA:

Steel company is planning to invest $2.8 billion for the construction of two manufacturing facilities in WEIRTON, WV. They are currently seeking approval for the project.

NORTH CAROLINA:

Specialty aerospace company is planning to invest $500 million for the construction of a 400,000 sf manufacturing, hangar, and testing complex at Piedmont Triad International Airport in GREENSBORO, NC. They are currently seeking approval for the project. Completion is slated for 2024.

VIRGINIA:

Paper products mfr. is planning to invest $267 million to establish a 335,000 sf paperboard recycling and processing complex at the Chesapeake Deepwater Terminal in CHESAPEAKE, VA. Completion is slated for 2024.

KENTUCKY:

Metal components mfr. is planning to invest $167 million for the renovation and equipment upgrades on their manufacturing facility in LEWISPORT, KY. They have recently received approval for the project. Completion is slated for early 2024.

NEW YORK:

Automotive mfr. is planning to invest $154 million for the renovation and equipment upgrades on their manufacturing facility in LOCKPORT, NY. They have recently received approval for the project.

SOUTH CAROLINA:

Startup biotechnology company is planning to invest $107 million for the renovation and equipment upgrades on a manufacturing facility at 260 Midway Drive in UNION, SC. Completion is slated for early 2023.

WISCONSIN:

Biotechnology company is planning for the construction of a processing facility on their manufacturing campus in SHEBOYGAN FALLS, WI. They are currently seeking approval for the project. Completion is slated for late 2024.

TEXAS:

Ammunition mfr. is planning to invest $100 million for the renovation and equipment upgrades on a recently leased manufacturing facility at 523 Titus Road in HOOKS, TX. The site allows for additional expansion and new construction.

OHIO:

Packaging products mfr. is planning to invest $60 million for the construction of a 482,000 sf manufacturing and distribution facility in LEBANON, OH. Construction will occur in two phases and is expected to start in Spring 2022. They will relocate regional operations upon completion.

About SalesLeads, Inc.

Since 1959, SalesLeads, based in Jacksonville, FL is a leader in delivering industrial capital project intelligence and prospecting services for sales and marketing teams to ensure a predictable and scalable pipeline. Our Industrial Market Intelligence, IMI identifies timely insights on companies planning significant capital investments such as new construction, expansion, relocation, equipment modernization and plant closings in industrial facilities. The Outsourced Prospecting Services, an extension to your sales team, is designed to drive growth with qualified meetings and appointments for your internal sales team.

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

MORE INFORMATION: https://www.salesleadsinc.com/industry/industrial-manufacturing/

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

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Reports and Studies

Sales Boomerang releases Q4 2021 Mortgage Market Opportunities Report

WASHINGTON, D.C. -- Sales Boomerang, the mortgage industry's top-rated automated borrower intelligence and retention system, today released its latest Mortgage Market Opportunities Report. The Q4 2021 report identified increasing opportunities for mortgage lenders to assist borrowers with tappable home equity, lending credence to analysts' expectations for a surge in home-equity-related mortgage activity in 2022.

Methodology

The Mortgage Market Opportunities Report draws on Sales Boomerang system data to identify market opportunities of relevance to today's borrowers and lenders. To generate the report, Sales Boomerang reviewed data from more than 160 residential mortgage lenders that use its borrower intelligence and retention tools to monitor millions of customer and prospect records. Sales Boomerang then calculated and compared the aggregate frequency with which those contact records triggered loan-opportunity, prescriptive-scenario and risk-and-retention alerts during the third and fourth quarters of 2021.

Key Findings*

Sales Boomerang's loan-opportunity alerts identify the contacts inside a lender's database who are actively shopping for a mortgage loan or who may be able to benefit from a new mortgage loan. Across the sample group, the frequency of each alert type in Q4 2021 was as follows:

* Mortgage Inquiry Alert: 4.42% of monitored contacts (down 16.13% from Q3)

A customer or prospect has shopped with a competitor in the last 24 hours.

* EPO Alert: 1.84% of monitored contacts (down 17.49% from Q3)

A customer or prospect whose loan closed ≤ 6 months ago has shopped with a competitor in the last 24 hours.

* Credit Improvement Alert: 1.14% of monitored contacts (down 13.64% from Q3)

A customer or prospect has improved their FICO score.

* New Listing Alert: 0.64% of monitored contacts (down 38.46% from Q3)

A customer or prospect has listed their home for sale.

* Equity Alert: 8.61% of monitored contacts (up 7.36% from Q3)

A customer or prospect's home equity has increased.

* Rate Alert: 5.07% of monitored contacts (down 27.16% from Q3)

The interest rate of a customer or prospect's existing mortgage is significantly higher than current prevailing rates.

Sales Boomerang's prescriptive-scenario alerts analyze not only whether a consumer could benefit from a given loan type, but also whether the consumer is credit-qualified to apply for financing. This additional layer of intelligence makes prescriptive-scenario alerts among the highest-converting available to mortgage lenders today. The frequency of each alert during Q4 2021 was as follows:

* Cash-Out Alert: 5.08% of monitored contacts (up 17.87% from Q3)

A borrower is credit qualified and has built sufficient equity to tap into the cash in their home.

* Rate-and-Term Alert: 10.05% of monitored contacts (up 160.36% from Q3)

A borrower is credit qualified and can benefit from the current interest rates for a refinance.

* Debt Alert: 1.33% of monitored contacts (down 23.12% from Q3)

A borrower is credit qualified and can benefit from paying off other debts with the equity in their home.

* FHA MI Removal Alert: 14.01% of monitored contacts (up 92.71% from Q3)

An FHA borrower has exceeded 20% equity and can remove mortgage insurance (MI).

For a subset of lenders that maintain servicing portfolios, the frequency of risk-and-retention alerts was as follows:

* Risk & Retention Alert: 31.18% of monitored contacts (down 13.82% from Q3)

A customer is engaging in one or more of 15 credit activities that may put their serviced loan at risk

Analysis*

* When a borrower puts less than 20% down on an FHA-insured loan, they are required to pay mortgage insurance (MI) premiums on top of their monthly principal and interest payments. FHA borrowers with MI may be unaware they have the option to remove their MI once they reach 20% equity. With a nearly 93% quarter-over-quarter increase in FHA MI Removal alerts, lenders have the opportunity to deliver immediate monthly savings to borrowers.

* Since Sales Boomerang's Cash-Out alerts only trigger for credit-qualified contacts, continued gains in this alert category show that borrowers are growing their credit scores alongside their equity. Lenders should prepare for continued cash-out refinance and HELOC activity in the coming months.

* Keen observers will notice that the Rate and Rate-and-Term alerts trended in opposite directions from Q3 to Q4. Following a year of interest rate growth, fewer consumers are positioned to benefit from a refinance solely based on the difference between their current interest rate and prevailing market rates - thus, the decline in Rate alerts. But a higher frequency of Rate-and-Term alerts indicates that even if the overall refi market is down, there's a growing subset of consumers who have the home equity and credit profiles necessary to benefit from a refinance.

* Mortgage Inquiry and EPO alerts declined for a third consecutive quarter, and New Listings were down for a second quarter in a row. With fewer consumers actively putting themselves in the market for mortgage products, lenders will need to be proactive in bringing financially advantageous opportunities to potential customers.

* Q4's 14% drop in Risk & Retention alerts was the category's first significant decline in 2021. Nonetheless, with nearly one in three borrowers still exhibiting risky credit behaviors, mortgage servicers should keep a close eye on their portfolios for default risk.

"Borrowers aren't always aware of the multitude of ways they can leverage their home equity, yet it's becoming increasingly clear that equity is creating some of the best financial opportunities for borrowers and lenders today. It is up to us to help mortgage advisors bring these opportunities to the table for their customers," said Sales Boomerang CEO Alex Kutsishin. "Experts may have predicted 2022 would be a year to focus on purchase transactions, but our data shows lenders would be well-served to shine equal light on home-equity lending."

*Key findings and analysis provided for informational purposes only. The data represented in the Mortgage Market Opportunities report is historical. Past performance is not a reliable indicator of future results. Sales Boomerang accepts no responsibility or liability for readers' use of the key findings or analysis included in this report.

About Sales Boomerang:

Sales Boomerang transformed the relationship between mortgage lenders and borrowers with the introduction of the first automated borrower intelligence system in 2017. The company's intelligent alerts notify lenders as soon as a past customer or prospect is ready and credit-qualified for a loan. As the mortgage industry's #1 borrower retention tool, Sales Boomerang is trusted by more than 150 lenders - including brokers, independent mortgage companies, credit unions and banks - to help build lasting borrower relationships that maximize lifetime customer value. To date, Sales Boomerang alerts have enabled lenders to close more than $150 billion in additional loan volume that would have otherwise been overlooked and achieve customer retention rates that outperform industry norms by an average of 3-5X. To learn more about Sales Boomerang and its No Borrower Left Behind™ ethos, visit https://www.salesboomerang.com.

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

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Real Estate, Reports and Studies

Down Payment Resource releases Q4 2021 Homeownership Program Index

ATLANTA, Ga. -- Down Payment Resource (DPR), the nationwide database for U.S. homebuyer assistance programs, today announced the release of its latest Homeownership Program Index (HPI). The firm's analysis of 2,192 homebuyer assistance programs in its DOWN PAYMENT RESOURCE® database showed measurable quarter-over-quarter gains in program funding levels and an increased prevalence of programs aimed at assisting community heroes.

Methodology

Published quarterly, DPR's HPI surveys the funding status, eligibility rules and benefits of U.S. homebuyer assistance programs administered by state and local housing finance agencies, municipalities, nonprofits and other housing organizations. DPR communicates with over 1,200 program administrators throughout the year to track and update the country's wide range of homeownership programs, including down payment and closing cost programs, Mortgage Credit Certificates and affordable first mortgages, in the DOWN PAYMENT RESOURCE® database.

Key Findings

The Q4 2021 HPI examined a total of 2,192 homebuyer assistance programs that were active as of January 6, 2022. Key findings are as follows.

* Funding levels are on the rise. 84% of programs had funds available for eligible homebuyers. That level of funding reflects a nearly 2% increase from Q3 2021.

* More programs now target community heroes. Nearly 9% of all homebuyer assistance programs available in Q4 benefit teachers, first responders, law enforcement officers, firefighters, healthcare workers and other providers of critical community services. Another 11% of programs offer benefits for veterans, members of the military and surviving spouses.

* Three out of four programs (73%) focus on helping homebuyers with down payments and/or closing costs. This figure includes repayable, partially forgivable and fully forgivable programs. Other major categories of assistance include affordable first mortgage programs (11%), Mortgage Credit Certificates (5%), matched savings programs and Housing Choice Vouchers.

* Assistance is available for repeat homebuyers and landlords. Approximately 38% of programs do not have a first-time homebuyer requirement. In addition, 27% of programs allow buyers to purchase a multi-family property as long as the buyer occupies one of the units.

* Availability varies by location. Three out of four (74%) programs are targeted to properties in specific locales such as cities, counties or neighborhoods, with the balance of programs available statewide through state housing finance agencies. The states with the most homebuyer assistance programs are California, Florida and Texas.

* Support for manufactured housing is increasing. While homebuyer assistance programs have historically favored site-built homes, as of Q4, 28% of programs allow manufactured housing as an eligible property type, up nearly 2% from the previous quarter.

"First responders, military, educators and other community service roles have been front and center for their extraordinary pandemic contributions," said DPR CEO Rob Chrane. "Many locales - especially in higher-cost markets - are determined to find creative ways to recruit and retain these workers, including by helping them make homeownership more affordable."

Further analysis of the Q4 HPI findings, including infographics and examples of many of the programs described in this release, can be found on DPR's website at https://downpaymentresource.com/professional-resource/homeownership-program-index-highlights-programs-for-community-heroes/.

For a complete, state-by-state list of homebuyer assistance programs, visit https://downpaymentresource.com/wp-content/uploads/2022/01/HPI-state-by-state-data.Q42021.pdf.

About Down Payment Resource:

Down Payment Resource (DPR) creates opportunity for homebuyers, REALTORS® and lenders by uncovering programs that get people into homes. The company tracks funding status, eligibility rules, benefits and more for more than 2,000 homebuyer assistance programs through partnerships with state and local program providers. DPR has been recognized by Inman News as a "Most Innovative New Technology" and named to HousingWire's Tech100(TM) list of the most innovative companies serving the mortgage and real estate industries. DPR is licensed to multiple listing services, REALTOR® associations, lenders and housing counselors across the United States and offers a subscription service, Down Payment Connect, to help agents and loan officers match buyers to available programs. For more information, visit https://www.downpaymentresource.com.

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

This news story was published by the Neotrope® News Network - all rights reserved.

Business, Free News Articles, Product Launches, Reports and Studies

Thinkzilla Launches New DEI Scorecard to help Organizations Grow Diversity, Equity and Inclusion Focus

SCOTTSDALE, Ariz. -- Companies with ethnically diverse executive teams outperform their peers by a full 33 percent when it comes to profitability, according to a recent McKinsey report, and yet many companies still come up short in terms of diversity, equity and inclusion work. Thinkzilla Consulting Group announced the launch of a proprietary DEI Scorecard to help clients improve DEI outcomes based on research, data, best practices and organizational goals.

The scorecard can be used for audits, to support training and programs, and to help organizations build more inclusive workplaces and workforces. Thinkzilla Consulting is the only firm that combines program development with extensive DE&I expertise, a network of thousands of minority-led business suppliers and full-service marketing capabilities,

"Every organization should develop DE&I goals customized to their team, their industry and their goals, which is why we launched this scorecard," said the CEO of Thinkzilla Consulting, Velma Trayham, who was recently featured in the Business News Ledger for her DE&I work. "Based on feedback from companies interested in growing their diversity and inclusion programming and outreach, the scorecard can be part of your strategic plan and overall growth efforts. It's all about inspiring change in a meaningful way."

After launching the United Diversity Business Summit in 2021 with a proclamation from the city of Scottsdale, Ariz., Thinkzilla's team in Scottsdale, Atlanta, and Houston has continued to innovate and support minority business owners through its work in supplier diversity program development & evaluation, Marketing Services and DE&I assessments and training.

"While everyone knows that diverse, inclusive and equitable companies do better across many metrics, not every organization knows how to get there," said Dr. Trayham. "Our data, our knowledge and our passion can help organizations of all sizes get the information they need to take equitable action and make a true difference."

About Thinkzilla Consulting Group

Thinkzilla Consulting helps organizations create a positive economic impact through cultural diversity. Making brands more relevant, Thinkzilla builds meaningful connections between brands and consumers.

For more information on Thinkzilla or to schedule a consultation, please visit https://thinkzillaconsulting.com/

RELATED LINKS:

https://www.mckinsey.com/business-functions/people-and-organizational-performance/our-insights/delivering-through-diversity

https://businessnewsledger.com/innovative-solutions-of-dr-velma-trayham-ceo-of-thinkzilla-consulting-group/

Related link: https://thinkzillaconsulting.com/

This news story was published by the Neotrope® News Network - all rights reserved.