What is Mike Neirenberg’s take on Mortgage Servicing Rights?

For the last couple of years, mortgage servicing rights have received great support from different quarters. Mike Nierenberg is one of the key players in the mortgage market who has championed the investment potential of MSRs. The CEO and President of New Residential Investment Corp. believes that these rights hold a lot of promise for anyone willing to bank on them.

Mike Nierenberg is well known for his contributions to the market. His novel ideas have earned him admiration and praise from friends and foes alike. He has shown no signs of scaling down on his efforts as he works to leave a legacy in the industry.

The residential mortgage loan investment market holds a lot of promise for different market players who can leverage on the numerous opportunities available. Undervalued assets are proving to be a worthwhile venture according to Mike Nierenberg. Shrewd investment managers who can identify them on a regular basis stand a chance of reaping big.

Mike Nierenberg believes that MSRs fall squarely in this category of specialized assets. It is no wonder that New Residential Investment Corp. spent well over $114 billion in 2018 to acquire them. With strong business relationships and enough capital, firms can make the most of the benefits of mortgage servicing rights.

Mike Nierenberg however insists that one should be well-versed with both the pros and cons of the assets before opting to invest in them. Their impressive cash flow opportunities and the provision of scaling up are top on the pros list. The greatest downside is the need for critical business partnerships with potential sellers to enjoy all the gains on offer.

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Glenn Schlossberg leads Jump Design Group in Acquiring Cathy Daniels

Glenn Schlossberg is the founding father and the principal of Jump Design Group. He has managed to initiate significant changes and innovation in the fashion sector since he launched a company known as the Jump Apparel. Glenn Schlossberg has embraced the core tenants of modern fashion and also believes that each role he plays in the firm is of paramount importance. He is proud of the fact that his management team is able to work as a team in designing, producing, and delivering quality goods to the organization’s clients.

Schlossberg developed interests in the fashion industry as a passion and part of the family business. He started by working in their family business and at the same time schooling at the Fashion Institute of Technology which was based in New York. This motivated Glenn Schlossberg to start his firm which he called Jump which aimed at producing high-quality goods in the most cost-effective ways thus giving him a competitive advantage over his rivals.

Under Glenn Schlossberg leadership, Jump has succeeded in manufacturing, designing, and logistics in various areas such as New York, New Jersey and other parts of the world. It has also joined the e-commerce retail firms globally such as Nordstrom and Zappos. Jump Design Group has also acquired Cathy Daniels which is a sportswear producing company. The firm took over all the assets that belonged to Cathy Daniels but retained its management team. The president of Cathy Daniel is expected to run the department of business development as a subsidiary of Jump Design Group. Learn more about him on cfda.com

Jump Design Group also highlighted that it’s not trying to sabotage organizations that are not performing well in the market but all it is doing is trying to acquire various firms with a viable business portfolio. They would incorporate their strategies in running these firms with the main aim of re-establishing their dominance in the market. The management of Cathy Daniels expressed their satisfaction that they have left a legacy by making sure that Cathy Daniels will have a chance to continue operating under the new leadership of Jump Design Group. Visit his Facebook page.

 

MORTGAGES AND INVESTMENT: MICHAEL NIERENBERG

Michael Nierenberg’s profile

Talent or hard work? With Michael Nierenberg, it is hard to draw a line on which of the two has gotten him to where he is now. Michael is currently the Fortress managing director, the president and also Chief Executive Officer of New Residential Investment Corp; a mortgage company that focuses majorly on residential mortgages. Michael Nierenberg has previously held top leadership positions in several financial institutions and companies including the Bank of America Merrill Lynch, Bear Stearns, JP Morgan and Lehman brothers all in which he contributed significantly in the departments he was in charge of. In Lehman brothers, for example, Nierenberg is responsible for the growth in the adjustable mortgage rates of the company during the seven years he worked in the company.

His career journey

Michael Nierenberg worked at Lehman Brothers for seven years during, a period in which he played a great role in growing the company’s adjustable mortgage rates. He then moved to Bear Stearns, and in this particular company, Michael worked for fourteen years during which he held a number of top leadership positions namely; co-head of mortgage-backed securities trading, structured products, the head of foreign exchange and interest rates.

Mr. Nierenberg also managed to become a board member at Bear for two years. JP Morgan was his next place of work after Bear Stearns, and here he headed the Global Securitized Products department aside from being one of the members of JP’s management committee. From JP Morgan, Michael Nierenberg joined the bank of America Merrill Lynch where he held the position of managing director and the head of securitized products and global mortgages. It is after leaving the bank of America Merrill Lynch that he was appointed as the president and CEO of New Residential following which he was appointed as chairman of New Residential’s board owing to his vast experience in investment and mortgage matters.

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Penelope Kokkinides and Richard Shinto: Always Looking For Innovation at InnovaCare

If there is one thing that is certain about InnovaCare Health, it would be the fact that the leadership is always looking for innovative ideas to bring the company forward into the future. Richard “Rick” Shinto is the CEO of InnovaCare Health, which is a leading provider of Medicare Advantage Plans and physician provider services. Penelope Kokkinides is proud to be Chief Administrative Officer of this company. Both of these individuals have the experience to think outside-the-box, and they are excited about many of the recent developments that InnovaCare Health is going to take part in.

One of the areas in which they are most proud of would be their decision to join a HHS initiative in August 2016 called the Health Care Payment Learning and Action Network (LAN). This initiative is notable for seeking to move the U.S. toward payment models based not on quantity, but on quality. This strategy will speed up the transition towards payment models that many would consider alternative. Although this decision by InnovaCare occurred over two years ago, it is one of these achievements that both Rick Shinto and Penelope Kokkinides are proud to put on their resume.

“By working alongside the other LAN committed partners, we are confident that we will be able to reach these important milestones and ultimately make a noticeable difference in the spread of APMs throughout our industry. This type of collaboration is exactly what the healthcare industry needs today and we proud to be a part of it,” Penelope Kokkinides said at the time. Rick Shinto has similar comments regarding the important decision as well. “Joining these efforts reinforces InnovaCare’s mission of redefining healthcare management by redefining healthcare management by providing patients with access to care that is coordinated, cost-effective, innovative and driven by quality. Payment reform is just one way we are working to build stronger patient-provider relationships within our networks.”

Payment reform. In a nutshell, that is the main thing that Rick Shinto and Penelope Kokkinides. It isn’t all of it, but they want to make healthcare better in this country. They are looking to improve it so everyone in America will benefit. With them at the helm of InnovaCare Health, it is sure to happen.

https://www.manta.com/c/mmnthrl/innovacare-services-company-llc

A Comprehensive Biography Of Sheldon Lavin- A Respected Name In The Food Industry

Sheldon Lavin is a respected name in the world’s food industry. He is the CEO of OSI International Foods, a leading processing company operating 60 branches, in over 60 countries.

How did Mr. Lavin advance to be one of the most distinguished administrators in the food and meat processing industry? We have examined his educational and career background to help you know.

Sheldon Lavin educational background
Mr. Lavin is a trained financial expert. Before starting his career, he joined Roosevelt University whereby he pursued a bachelor’s degree in business. Later on, he entered the University of Illinois where he majored in accounting and finance.

Sheldon Lavin Career Background
After completing his studies, Mr. Lavin established Sheldon Lavin and Associates, a financial consultancy that was headquartered in Chicago. He managed the consultancy for 15 years

In 1970, Mr. Lavin joined Otto & Sons, Inc., the predecessor of OSI Group. As Otto& Sons’ partner and senior administrator, Mr. Lavin cooperated with other managers to venture into new markets. The first international branch was opened during Lavin’s tenure.

Moreover, he helped Otto & Sons to start processing other food products like hot dogs and sausages. Later on, Otto& Sons changed its name to OSI Group, and Mr. Lavin was appointed as the group’s chairperson and CEO.

OSI Group under the Management of Lavin
Mr. Lavin has steered OSI Group to the food industry’s top position. The group runs over 60 subsidiaries, and it supplies its high-quality food supplies to Starbucks, McDonald’s, and other chief food outlets. It deals in beef, fish, poultry, and bacon.

Into the bargain, OSI has grown to a multi-billion company that employs over 20,000 people. In 2016, Forbes recognized it as one of the most successful private companies in the United States.

Sheldon Lavin Philanthropy
Mr. Lavin supports a myriad of charities that help the underprivileged citizens. He is a trustee of McDonald House Charities, a philanthropic organization that promotes the health of kids.

Furthermore, Mr. Lavin is a director of The Sheba Foundation, a not for profit organization that offers humanitarian aid, vocational training, and scholarships to youths from economically challenged families.

Richard Dewayne Blair Three Pillars

Living life without a clear plan in most places leads to chaos. One area that people tend to lack a plan is in their finances. Richard Dewayne Blair founder of Wealth Solutions has dedicated his career to making sure that people have an idea for retirement. Waiting until retirement is upon you to start trying to plan turns out to be a failure. Proper planning will ensure that one is able to live a comfortable life. He serves the Austin, Texas community and surrounding areas. He has been very successful in his career by implementing strategies that allow him to do business in a way that incorporates the things that he loves.

Richard Dewayne Blair grew up around teachers, so the bases he is planning strategies on guiding his clients as if they were his students. He does business with the three pillar system. Everyone is not in the same situation. A struggle that one person may have may not be the same struggle as someone else. He makes sure that he develops different ways to help his customer through the three pillar system. The first pillar of the three pillar system allows Blair to evaluate the situation that his client is currently in. He not only looks at their situation he looks at how he can help them to better the condition that they are in. Their strengths, weaknesses, failures, and triumphs are looked at in this stage. He has to see their current reality before he is able to do anything else for them. The second pillar is where he began to put a plan in place to make sure that his client is ready to be successful. He has already seen what the lack so he starts to set them up for success. In the third pillar, Richard Dewayne Blair manages the account of his client to make sure that they a progressing and not failing. If he sees that they are going backward instead of forward he makes changes to the plan to ensure that his clients are successful. He understands that people may need assistance.

 

Igor Cornelsen: Using Your Intuition To Create Positive Results

Dare to follow your passion. Where does it lead you? Probably to a road of achievements like that of Igor Cornelsen.

Where did it all start for the Brazilian born and established investment advisor? At the school of engineering in the Federal University of Parana. Being the only engineering school in the state of Parana, it had been a rigorous and competitive admission. But again the heart’s drive came in.

Two years of studying engineering are all that the investor needed to figure out that he wanted to study economics. Unfortunately, Igor Cornelsen dropped out of school.

Upon graduation in 1970, he found a place to put his skills to work. An investment bank which had not yet had the light of calculators and computers, needed him to calculate compounded interest with nothing to help but sliding rules.

“The idea of my business is a consequence of my experience as an investment banker,” he said. This just started shortly after his graduation in 1971 where he picked up this line of work. His passion helped him to shoot through the ranks quickly and by 1974, he was dining as a board member of Multibanco.

Two years later, he was crowned its CEO. He later left when it was acquired by the Bank of America.This got more interesting when joined Libra Bank PLC, a London Merchant Bank, receiving his salary in dollars, opening more investment opportunities.

“I try not to be influenced by other analysts or professors. I believe it is better to make my mind with facts rather than opinions”. Igor Cornelsen’s mind was eventually made in 1995 when he stepped down from the board of the Standard Chartered Merchant Bank after seven years to start his own firm.

With no definite strategy for him and especially in this market but finding before others when assets have depreciated, his success can be attributed to the information he gets from Reuters which he believes is not bias and delivers credible information.

Success always backed by failure, Igor Cornelsen would be when he closed all his position instead of selling in 2007.