As we discussed in Part 1 of Modernizing the Property Valuation Process, the housing market has experienced dramatic changes that have presented many challenges for appraisers. Although the market has shifted, the challenges remain. While [...]
Following three years of pandemic-related disruptions, it’s likely no surprise that the collections industry is poised for even more change in 2023. Historically low levels of delinquency since Q2 2020 have been artificially supported [...]
For many financial institutions, outsourcing critical and time-consuming collections efforts is key to saving money and reducing the strain that comes with hiring talented collections teams, especially in a historically tight labor market. Taking advantage [...]
It is clear that the most significant economic story of the past year has been high inflation, which has not only affected current economic activity but has also shaped the outlook for the foreseeable future. [...]
The holidays can already be a stressful time of year, and money is one of the leading causes of holiday anxiety for Americans. But this year, typical holiday stress is exacerbated by inflationary forces. The [...]
Without a doubt, the economic story of the past year has been the highest inflation in decades. Not only is it impacting current financial and economic activity, but it is dominating the outlook as well. [...]
Once relatively rare, fiduciary liability litigation is on the rise across the country: In 2019, participants in Anthem Inc.’s 401(k) plan reached a $23.7 million settlement in an ERISA fiduciary breach lawsuit. [...]
In my previous quarterly projections, I called for a recession to possibly begin as soon as the fourth quarter of this year (current quarter) and is more likely to occur in the first and second [...]
In benefits administration, as in life, mistakes happen. In spite of employers’ best efforts to facilitate a successful open enrollment, a few employees will inevitably miss the deadline or accidentally elect the wrong benefits. While [...]
Over the near term (12-18 months), credit unions will need to pull out their recession management playbooks. However, because we do not see the forthcoming economic downturn being anything as severe as the Great Recession [...]
With inflation reaching its highest point in 40 years and subsequent steep interest rate hikes, the real estate investment insurance landscape has changed significantly this year. For one thing, insurance costs are rising. Two Main [...]
Homebuying is one of the most daunting processes someone can go through—spending hours driving around, attending open houses, swiping on real estate marketplaces—and that’s before entering the negotiation and closing processes. Now, [...]
Your borrowers expect a wide range of valuable services that are timely and relevant in today's economy. For example, Guaranteed Asset Protection (GAP) coverage gives them a safety net if their vehicles are ever totaled [...]
Open enrollment season has officially begun. The period from Nov. 1 through Jan. 15, 2023, marks the busiest time of year for many HR leaders and business owners. According to a report on a survey [...]
Collecting on delinquent accounts is a time-consuming challenge for many financial institutions. The tasks involved are often tedious for internal employees using manual (vs. automated) processes and can lead to a decrease in productivity for [...]
