GreenSky Credit offers high-end loans for high-end borrowers

The fintech industry, like so many other tech fields, had a nasty fetish for inclusion that has nearly destroyed it. Companies like OnDeck and Lending Club built their entire business models around inclusive finance, such as community reinvestment, NINJA loans and micro-lending.

While the sentiments that underpin these quixotic efforts to change the basic laws of finance and human nature may be laudable, the end result of believing in financial fantasies is always financial ruin. And this is precisely what has befallen OnDeck and Lending Club, with both companies trading at just fractions of their all-time stock highs and with many observers predicting liquidation for both firms.

GreenSky bets on exclusive loans

But while its fallen competitors were tilting at imaginary windmills, GreenSky Credit was building a viable business around proven money-making techniques. The company opted to go after deals where not just one party would make money, with the other being rapaciously exploited and left to the vultures. Instead, GreenSky understood that by excluding the vast majority of deals and the vast majority of applicants, it could create lending opportunities where the customers, the bank and the retailer all walked away huge winners.

GreenSky did this by concentrating on creating a technological interface that allows for retail customers doing high-end home improvements to instantly access financing in amounts up to the hundreds of thousands of dollars. The secret behind the company’s phenomenal success is that the firm only concentrates on the absolute top end of the prime borrower category. This typically means that GreenSky customers will have FICO scores of 760 and higher, making them highly attractive lending prospects for the largest and most respected lenders in the country.

Because the customers are so creditworthy, the lenders are able to extend loans on some of the best possible terms. The average GreenSky loan comes with no interest or payments required in the first year. After that, the interest rates can jump as high as 18 percent. But most of the company’s customers pay the loans off in full before the higher rates kick in.

https://www.indeed.com/q-Greensky-Credit-jobs.html

Wes Edens Has Proved to be an Innovation Force at Fortress Investment Group

Wes Edens is one of the leaders who have been in the industry for a longer period. He is an experienced financial analyst who has been able to come up with some important policies and strategies that have played a key role in the progress of Fortress Investment Group. A significant number of organizations have been yearning to have such a leader so that they can be able to move from one level to another. Here are some of the roles that Edens has implemented in the company.

  • Asset-based Investing

Asset-based investing is an investment strategy that is adopted by a significant number of companies, especially those working in the financial industry. Fortress Investment Group has been investing in major assets around the country and even in other parts of the world. Recent research studies highlight that Wes Edens has played a critical role in helping the company to invest in some of the asset. This advice has helped Fortress to acquire a significant number of assets, which cannot be matched by other financial organizations.

 

  • Operations Management

Operational management is a management skill that is used by a large number of organizations in ensuring that the company runs smoothly. Most of the companies operating in the financial industry fail because they do not have the necessary skills to help in the operations of the company. Wes Edens has been involved in the operational management of the Fortress Investment Group to the point where the company grew to become of the leading organizations in the industry.

  • Corporate Mergers and Acquisitions

Fortress Investment Group is one of the leading organizations in the industry when it comes to mergers and acquisition. The company has acquired a significant number of entities while at the same time being involved in acquisitions. Recently, the company was involved in one of the largest acquisition in the industry where it was acquired by Softbank.

  • Capital Markets

Wes Edens has also been involved in ensuring that Fortress Investment Group is highly involved in the capital markets. The company has been selling its shares in the stock market until it was ac quired by the new owner. It has other large number of stocks from multiple companies.

learn more about Wes Edens : http://www.nbcsports.com/philadelphia/tags/wes-edens

Stream Energy Launches Charity Foundation to Formalize their Philanthropic Efforts

Stream Energy is an energy company that directly sells to customers. Pierre Koshakji and Rob Snyder founded Stream Energy in 2005 in Dallas, Texas. Since then, Stream Energy has become one of the largest energy companies involved in direct selling worldwide. Koshakji and Snyder founded Stream Energy on the idea of selling energy through word-of-mouth. They are able to do this now through their thousands of Independent Associates located across the United States. The company currently offers services in Texas, Washington D.C., Maryland, New York, New Jersey, Delaware, Illinois, Ohio and Georgia. They also offer wireless plans for phones, home services and health services.

Recently, Stream Energy was featured on Patch.com for their philanthropic efforts. In March 2018, Stream Energy launched their own charity foundation called “Stream Cares.” This is following their long history of involvement in their community and philanthropic efforts. The company has established relationships with Habitat for Humanity and the Red Cross. They are also involved in helping the homeless in the Dallas area. The company regularly tracks the homelessness rate in Dallas. They partnered with Hope Supply Co. a Dallas-based organization to cover entrance fees and meal costs for over 1000 children in Texas at the annual Splash for Hope event which is an event for homeless children at a local water park. Also, in 2016 after a devastating Tornado, Stream worked with the Salvation Army and raised money for those who lost their homes or businesses. They did this by matching their employees’ sales and doubling those numbers to donate to victims. Stream also partnered with Operation Once in a Lifetime to provide emotional and financial support to veterans in the Dallas area. They donated transportation to veterans so that they could attend a special lunch for them. Philanthropy and charity has long been a part of Stream’s culture and their new foundation simply formalizes their efforts.

https://mystream.com/services/home

Nick Vertucci Discusses The Exciting Trend of Entrepreneurship

Nick Vertucci is excited about this time. One major reason that he is excited about this time is that there are tons of new entrepreneurs coming forward. There are many reasons that he is excited about the return of the entrepreneur. One thing that he has noted is that a lot of people have settled into a herd mentality. However, more people are learning that there is something more than being part of the herd. There are tons of possibilities out there for people that are eager to look. Nick Vertucci has seen this for himself, and he likes that more people are taking the risk.

One of the issues with today’s society is that so many people want to play it safe. They are so attached to this idea of playing everything safe that they sometimes seek out someone who is trying something different with the sole purpose of stopping that person. While these types of people do have a lot of respect and admiration for the successful entrepreneur, they seem to feel it is their duty to prevent an aspiring entrepreneur from joining the ranks. Among the tactics that are used are bullying, intimidation, and manipulation.

One thing Nick Vertucci has to say is that the country he lives in is still the greatest country when it comes to opportunity. However, one thing that made the country so great is that so many people had a passion. They took it upon themselves to start their own business or develop their own income stream. One of the ways they did it is by taking tons of risks. These days, it is all about being safe and following the herd. Nick Vertucci is very excited to see people breaking free of that mentality. He is able to make a life for himself and encourage others to break free of the herd.

Find out more about Nick Vertucci: https://www.facebook.com/nvrealestateacademy/

Thirty years of David McDonald in OSI Group

With an Animal Science degree from the University of the State of Iowa, and an Outstanding Senior Award from Wallace E. Barron, David McDonald has become a force to be reckoned with in the food industry. David McDonald grew up on a farm in the State of Iowa, a lifestyle that prompted him to pursue Animal Science and agricultural entrepreneurship. From a mere farm boy, David is currently the President and Chief Operations Officer of OSI Group.

David Mc Donald and the OSI Group

OSI Group was founded in 1909 by a German immigrant under the name Otto and Sons. The company began as a mere neighborhood butcher shop but has since expanded to a trader for wholesale meat, supplier and processor of meat products as well as a provider of services like branding and several other food services. The company is currently the leading corporation in the food industry in the entire globe with branches in several countries around the globe. OSI deals in vegetable, beef, pork, wheat products as well as raw and processed poultry products.

David McDonald joined the OSI Group immediately after graduating from the University in 1987. His first role in the company was as a project manager. Over the three decades that he has been in the company, he has risen in rank to the position of president and COO. David McDonald has led OSI Group in its growth and globalization. It is under his leadership that the company has expanded its operations globally. He has led OSI through the acquisition of several other organizations like the Tyson Food Company and the European Flagship food company among several others in pursuit of growth, sustainability and expansion. When the acquisition of the Baho food company by OSI was completed, David commented that this was a step towards intensifying the company’s presence in the local market and not only the international market. True to his words, OSI has not only grown globally but continues to thrive locally as well.

Beyond OSI Group

Apart from his role in OSI, David McDonald also serves as the Chairperson of the North American Meat Institute, an independent director of the Marfrig Global S.A, and director at the Australian OSI branch.

David is also an active humanitarian. He finances the Alpha Gamma Rho Scholarship fund of the Iowa State University. He also played a role in the establishment of the ISU internship programme and the University’s Agricultural Entrepreneurship Initiative as well.

Canadian Businessman Louis Chenevert Inspiring Story

Canadian Businessman Louis Chenevert is the former CEO of United Technologies Corporation (UTC), a conglomerate business with multi-billion businesses under its umbrella. The story of Louis Chenevert is inspiring to many young people who would be looking to make it in business. He came from a humble background and worked his way up until he became a top corporate executive. He holds a degree in production management from Montreal University. As a production socialist, his role is to ensure that businesses met the production needs. The production department plays a crucial role in any business since it is the one which determines how the rest will perform. If it is running well, then the company will run smoothly. His work is to oversee the efficient production of high-quality products at the right prices and capacity.

Louis Chenevert started his career in the auto industry. General Motors employed him as a production line manager. It is here that he developed skills in managing high capacity production line. The company was producing a vehicle in every one-minute meaning that it required a high level of efficiency not to err. Everything must be running smoothly such that no mistake occurs. He worked at GM for 14 years.

After working in the auto industry, he decided to switch to the aerospace industry. He joined Pratt & Whitney Canada which was manufacturing small jet engines. After serving for some time, production went up significantly while at the same time the cost of production reduced by 20%. He caught the attention of the executives at Pratt & Whitney USA. They saw the work he had done at the Canadian subsidiary and decided to bring him to the USA where he would be in charge of production of large jet engines.

Louis Chenevert repeated his good performance at Pratt & Whitney. He impressed the management of UTC since his business was the only one making huge profits. It assisted in offsetting the losses which some of the businesses under the conglomerate were making. After an impressive run at Pratt & Whitney where he initiated the development of the geared turbofan engine, he was appointed the CEO of UTC in 2008.

https://twitter.com/louis_chenevert

Roberto Santiago — The Dream of a Shopping Scene

Roberto Santiago is a national hero and local entrepreneur. He has set the example for the children of Brazil to grow up and achieve their dreams. He took chances and made his goals come true, it is quite inspirational the way he persevered. He realized at an early age that his dreams were bigger than him and that is what propelled him towards his grand fate. His life was changed forever when he met his first college professors and they instilled lessons of business and entrepreneurship into him. His father supported him the entire way and always cheered him on. His first endeavors into business were great and sometimes hard. He had his challengers and he defeated them all. They doubted him, but he stood strong and created the best architecture that Brazil has ever seen.

 

Roberto Santiago is a major shopping mall developer in Sao Paulo, Brazil. The city looks up to him for everything that he has done for the economy and he has earned the title of Brazil’s most important shopping innovator. He is the creator of the best malls in Brazil. He built the town halls, he built the skyscrapers, he built the little luxury stores that boys and girls clamor into with their parents. And the little boys and girls can look at the Valentino dresses and Moschino boots and wonder, “how did Roberto Santiago do it?” How did he create such a miraculous spectacle of appearance and wonder in Brazil? It’s easy, he set out to do it himself, he set out to achieve his dreams, he set out to accomplish great wonders.

 

Roberto Santiago inked a few deals with high ranking celebrities and socialites. He built parking lots and movie theaters, and each of his buildings attracts more and more celebrities into the heart of Brazil. He’s brought in more income to the city than 3 businessmen combined, and he’s not finished. He has other shopping malls in store that he’s building so the little boys and girls can shop with their parents and grow up in a new Brazil. They can grow up in an affluent Brazil. They can grow up in the Brazil that Roberto Santiago has believed in since he was a little boy and first conceived his high reaching dream.

 

Jacob Gottlieb – Doctor, Investor, Philanthropist

Born and raised in Brooklyn New York, Jacob Gottlieb was a true fan of the game of baseball and the players in it. As a New Yorker, his favorite team, of course, was the Yankees. When Jacob was only in the seventh grade he entered a contest in which he had to pick stocks and that contest he won. This victory led Jacob to have his own investment account that he could trade with, bringing him into the investment world at a very young age. However, in Dr. Jacob Gottlieb’s adult life, he surprisingly went in a different direction and decided to become a medical doctor. Gottlieb, in New York City, received his medical degree. It was then clear that Jacob’s heart was not in it, as he was working through his internship. He often found himself thinking of investments and finances and decided to go back to school to study economics in the nearby state of Rhode Island.

https://www.slideshare.net/JacobGottlieb3/visium-slides-by-jacob-gottlieb

From London to New York he has worked in multiple different facets of investments to include being a Chief Investment Officer, an Investment Portfolio Manager, and a buy-side analyst. As he worked in both medicine and investments, Gottlieb can easily see the similarities between the two professions. He stands by his belief that they are similar in the fact that they both take a lot of planning, risk and advance skill, which he prides himself on having. It doesn’t stop there, as Jacob is also one of few people to have the designation of CFA after he received the chartered financial analyst award in 2001.

Dr. Gottlieb is also a philanthropist who enjoys giving back to the community, with founded charities to include Covenant House, Robin Hood, and Math for America. Math for America is one of his prominent charities that focuses on encouraging teachers in the New York area. Their focus is to give them a sense of empowerment as they go into the workplace as teaching professionals to create satisfaction in the profession so that the teachers enjoy a long-term career as they work within New York City communities.

Sahm Adranji Is A Highly Successful Business Owner

Sahm Adranji founded a large investment firm called Kerrisdale Capital in 2009, and he was in his 20s at the time that he founded it. Sahm Adrangi is currently 32 years old. The company was started with an investment of around a million dollars, and growth occurred quickly. The company now manages over a hundred million dollars.

What Stocks Do Clients Buy Through Kerrisdale Capital?

While clients are able to choose from many types of stocks, not all of their clients exclusively invest in stocks. Some clients at Sahm Adrangi’s company invest in bonds and alternative investments. Some of Kerrisdale Capital’s clients invest in small companies. However, Kerrisdale Capital has made an exceptionally large number of investments in these industries:

  • Pharmaceutical manufacturers
  • Financial institutions
  • High tech manufacturers

What Has Sahm Adrangi Published?

Sahm Adrangi has published many articles. His articles discuss a variety of subjects that are important for investors. He also has made it extremely easy for investors to access these articles. In fact, he makes his publications available for free.

His Efforts To Keep The Public Safe:

He has worked hard to keep the public safe from companies that used unethical business practices. Sahm Adrangi issued warnings about online companies from China that engaged in illegal activities. These companies were quickly sanctioned by the SEC, and they have ceased the illegal activity. In addition, his company is looking into the potentially illegal business practices of companies in the mining industry,

Getting In Touch With The Company:

Sahm Adrangi makes it easy to get in touch with his company. If you call or email Kerrisdale Capital, they will get back to you fast if a representative isn’t there to answer you. Their phone number is 212.792.7999 and the email address is info@kerrisdalecap.com. Via twitter

Norman Pattiz – article recap

As a follow up to his plethora of achievements that include writer, producer, director and multiple Emmy award winner, Norman Lear now enhances his list with podcasting.

 

The 94-year old Lear, creator of classics “All in the Family,” “One Day at a Time,” “The Jeffersons,” and more, will add his voice with a weekly podcast. Actor and composer Paul Hipp and Lear’s friend will take part in the podcasts with him.

 

Norman Pettiz, PodcastOne founder and executive chairman, said he has a high regard for Lear and has known him for quite some time. He added having Lear join the team is huge.

 

Podcasting allows people to watch or listen anytime to online audio or video on computers, tablets and smartphones.

 

A story, at https://finance.yahoo.com/news/norman-pattiz-anounces-hollwoods-legendary-204000537.html, stated the podcast will start on May 1 and early visitors include Julia Louis-Dreyfus, America Ferrera, Amy Poehler and Jerrod Carmichael.

 

Lear is quoted as saying he waited more than half his life time to initiate a podcast.

 

According to Lear, the show will range from comedy to family, current events, politics and more. The free podcast, “All of the Above with Norman Lear,” will introduce new episodes every Monday on PodcastOne.com, iTunes and the PodcastOne app. Lear has never acted as host to his own talk show until this podcast.

 

Lear, who had nine shows on the air concurrently, also founded the liberal advocacy group People for the American Way. The World War II veteran acquired an original print of the Declaration of Independence and took it throughout all fifty states for a time period of ten years. In addition, US President Clinton awarded Lear with the National Medal of the Arts.

 

Pattiz has served as chief executive officer of PodcastOne since its founding in 2013. Its current lineup includes celebrities Dr. Drew, Shaquille O’Neal, Larry King, Dennis Miller, Jillian Michaels and more.

 

With his more than 40 years radio familiarity and know-how, Pattiz is also the founder of Westwood One, the largest provider of news, sports, entertainment and more.

 

Pattiz was appointed by former Presidents Clinton and Bush to function on the Broadcasting Board of Governors of the United States. He was inducted into the National Radio Hall of Fame in 2009.