GreenSky Credit goes where the money is

If you were told that an entire industry had set about to achieve high levels of prosperity and growth by seeking out deals where the participants had no assets, jobs or income, you may think that you were either talking to some sort of crazy payday lender or someone who was just plain crazy, period.

Yet, that is exactly the strategy that many of the top companies in the fintech sector were attempting to follow throughout the late 2000s and early 2010s. Companies like OnDeck and Lending Club were apparently so high on their own supply of Marxist utopian drivel that they actually started believing that products like NINJA loans, micro lending and so-called community reinvestment would be sources of great financial prosperity. Their resulting thousand-foot cliff dive onto the rocks has been, therefore, somewhat unsurprising to more sober-minded observers.

GreenSky shows acumen and common sense

But there was one company that never bought into this left-coast propaganda. GreenSky Credit decided early on that it would follow proven money-making techniques. Taking the advice of John Dillinger to heart, GreenSky Credit went where the money was, not where it had never existed.

GreenSky Credit found transactions where everyone would win and where everyone was trustworthy, upstanding and solvent. The first niche market that the company concentrated on was the high-end home improvement sector. GreenSky didn’t even want to look at the lower end of this market. By concentrating on the top of the home improvement business, GreenSky had two very useful characteristics naturally built into every deal that it did.

The first was that almost all of the people looking to spend five or six figures to do home renovations are prime borrowers, meaning that they have FICO scores above 760. This, by itself, made it very easy for the firm to pitch its business to its major lending partners.

The second advantage is that, by focusing only on those doing high-end home renovations, the company’s borrowers were all but guaranteed to be seeing increases in their home values that exceeded the cost of the renovations. Unlike in low-end neighborhoods, where over-improving a property often ends up costing more than it adds, high-end home prices almost always benefit from significant improvements.

https://www.forbes.com/sites/greatspeculations/2018/09/05/greensky-now-looks-undervalued-given-strong-q2-performance-alliance-with-amex/#5d78658d5eda

Randal Nardone An Entrepreneur With An Eye For Investments

Randal Nardone an Entrepreneur With An Eye For Investments

Randal Nardone has always had an eye for business, but when he ventured into starting a company, he knew it would not be such an easy thing because of cutthroat competition that exists in the financial realm. Randal Nardone did not start out green in the industry as he was already well adverse with workings in financial sector and had been engaging with many clients in the past. Having a vision of bringing improvements that could lead his company into the top best performing private equity firms drove him to start Fortress Investment Group. He is currently the Chief Executive Officer of firm whereby he has contributed his vast knowledge into the development of the institution.

Randal did not start in the financial sector but studied law and earned a graduate certification, as well as a masters in the same field, from the University of Connecticut as well as Boston University School of law respectively. With time he worked for companies that gave him an insight into the financial world and a curiosity was formed whereby he worked to interlink  legal sector with the commercial field. As time went by he cultivated an interest in the business which ultimately led him to switch tracks and embark in a new career in finance.

Randal Nardone then went on to hold prestigious positions at Alea Group Holdings, Eurocastle Investment Limited as well as Springleaf Finance Corporation. Such an aggressive turnaround has led Randal to have an impressive career as he believes in putting in the very best in skill and commitment to ensure that all he attempts come into fruition. The expert  successful businessman that he built at Fortress attracted the attention of SoftBank Group which saw it put a deal in acquiring the firm. December last year saw the company being acquired fully by the bank and yet again proving that Randal Nardone had once again successfully led the company to a lucrative deal for him and the other principals. He joined Forbes billionaire list in 2007 and currently ranks at five hundred, and fifty-seven we expect more to come from this seasoned entrepreneur.

To Learn More Click This Link : www.crunchbase.com/person/randal-nardone

Talos Energy Encourages Greater Employee Participation

WorkplaceDynamics, an well-known employee survey company, has named Talos Energy the best local small business workplace. While the company is typical compensation do not rank near the top, it has built that reputation by allowing its employees to have a greater stake in company.

Talos Energy was created by Tim Duncan along with a team of partners. The environment of the financial crisis of a decade ago forced him and his partners, who were then running private equity backed oil and gas company, to change their focus. By focusing on the most lucrative spots they were able to double in size and sell their company to Apache Corp. in 2011.

Tim Duncan, his partners in tow, then went on to start Talos Energy with the equity earned from their earlier backers, as well as their assets in the Gulf of Mexico that have been producing 16,000 barrels of oil per day. They went on to grow the company up to a total of 120 employees.

It’s the presence of an entrepreneurial spirit within the company that Tim Duncan believes attracts the best candidates for employment. It also encourages a free flow of ideas, which pushes innovation. He credits this tendency to the way he was treated by his bosses in his early years of his professional life. They wanted to hear what he had to say, and that made him work that much harder.

The smaller size of the Talos Energy has a lot of influence, as well. Michael Harding, chief accounting officer and controller, believes being a private equity pushes Talos Energy toward a more entrepreneurial atmosphere. This leads to more innovative thinking than is possible with typical larger firms. Having a smaller employee pool also means that the work each individual does has larger reverberations throughout the rest of the company.

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Paul Mampilly Retires To Give Investment Advice Through Banyan Hill

Paul Mampilly has accomplished a lot in his career, especially considering his rather humble beginnings in a small Indian village. At 42, his career in investing has lasted over the last decade and a half. During this time, he has held a wide variety of positions that have given him important insight into the world of Wall Street.

Paul Mampilly is a firm believer that investing doesn’t have to be limited to the elite anymore and encourages other to invest using his newsletter from Banyan Hill Publishing aimed at ‘Main Street Americans’. He and his advice have been featured on news outlets like Bloomberg TV, Fox Business News, and CNBC. With his new publication, he can spread his messages about investing to those who are interested across the United States.

His newsletter Profits Unlimited is subscribed to by more than 90,000 people. Before joining Banyan Hill Publishing Paul Mampilly was getting tired of helping corporations become richer while everyday people struggled to make ends meet. This is one of the factors that led him to retire from the world of Wall Street in order to get into the publishing industry. His newsletter consists of 8 pages that include a “model portfolio” or stocks that Paul Mampilly personally recommends to his readers based on his extensive research.

After earning his bachelors degree in business administration Paul Mampilly earned his first position of many in the financial industry at Bankers Trust Company. Starting as an assistant portfolio manager he quickly became a full portfolio manager before earning the position of research assistant after the company was acquired by Deutsche Bank. His experience at Bankert Trust allowed him to gain a lot of necessary experience that taught him the vital importance of research when it came to investing.

As his experience grew, he was able to move up the ranks even more and eventually was managing accounts with millions of dollars in capital in their portfolios under ING. After leaving ING he joined Kinetics Asset Management as a hedge fund manager. In this position, his portfolio eventually grew to contain over $35 billion in assets that he personally managed.

Read More : epodcastnetwork.com/paul-mampilly-on-trading-wall-street-for-main-street/

Adam Milstein Hopes the Tragedies of the Past Do Not Repeat Themselves

It is important that humanity learns from their mistakes of the past according to Adam Milstein. Recently Adam Milstein along with dozens of scholars and philanthropists from all around the United States visited 6 key countries that were important in the events of World War II and the Holocaust. This trip gave the group of 100 an interesting insight into the cruelty that the victims of World War II and the Nazi party experiences during this tragic part of history. It also showed them that it’s possible that these events or ones similar to them could happen in the present day if actions are not taken in order to prevent them.

 

In recent years, there has been a dramatic rise in systemic racism, division, and discrimination in the United States and different countries around the world. While many people look at the past and think “Never Again”, they aren’t stopping to think about the fact that the events that led up to the Holocaust did not happen quickly. In fact, it took years of racism and apathy from other countries to become the horrifying tragedy that we know of today.

 

Unfortunately, many officials in the E.U. refuse to acknowledge any responsibility for their actions or inactions that led to the Holocaust, according to Adam Milstein. This refusal has a lot of similarities today as those who are witnessing hatred towards certain groups on both the Left and the Right refuse to acknowledge that their apathy could eventually lead to another tragedy on a similar or even greater scale. It’s important that the people of the world must recognize the events that are going on currently that have many similarities to the past must be spoken out against and actions must be taken.

 

Currently a managing partner at Hager Pacific Properties, Adam Milstein began his career as a sales agent in commercial real estate. After moving from Israel in 1981, he and his family began their life in the United States. In 1983, Adam Milstein graduated from UCLA with an MBA and has been working hard to achieve his goals for himself and his family ever since.

 

https://www.linkedin.com/in/adammilstein

Talk Fusion Bringing Itself To India

Talk Fusion has grown over the years to becoming one of the most successful direct selling video marketing companies. Today, Bob Reina, the creator continues to create a professional atmosphere by coming up with new ideas to expand the brand in an ever growing way.

 

The founder explained in an interview recently that the company has expanded throughout India, and they decided to open an office in the country. The people in the new office were eager to join in the platform and bring more of the company to India making it a global business opportunity. Guru Lal Singh is now the new manager of the Indian office, and he knows that the interest of the locals has grown. He understands the power of video and how the locals can utilize it effectively. Reina hopes to visit India very soon and hopes to collaborate with as many people in the New office to help move the brand forward in new ways.

 

Talk Fusion is most popular for their video email products. They offer things like optimizing video newsletters, video chat, and other video options that most email providers don’t offer. The rewarding compensation structure is incredibly powerful with access to instant pay that allows for the money to be given to the seller within minutes instead of weeks like most direct selling companies online.

 

Talk Fusion is incredible to be a part of because of the opportunities available to those who want to get into direct selling. Their marketing platform is amazingly rewarding with great pay and stunning video options that can open the door for you to make good money. Talk Fusion continues to utilize effective strategies to further move the brand globally like taking the company to India. Doing this allows for the brand to elevate the company and bring it to more people. Talk Fusion is highly respected for numerous reasons, and there is a never ending supply of people to market to. With their new office in India, there is no doubt that Reina can see the potential for the future in other surrounding countries in Southeast Asia. Learn more: http://www.huffingtonpost.com/author/bobreinatalkfusion-704