GreenSky Credit helps boost home improvement industry even further

GreenSky Credit is one of the most lauded fintech companies to have emerged over the last decade. The company was founded in 2006. But it remained relatively small for its first few years of existence, growing at a rapid pace after being founded essentially from scratch.

The company’s continued growth has since propelled it into the national consciousness. GreenSky today represents one of the most dominant players in the fintech lending industry. The company is expected to originate more than $5 billion in new loans this year. And it is adding billions of dollars to the massive home remodeling industry.

Taking a small chunk out of a big sector

But GreenSky is not content to rest on its laurels. David Zalik, the company’s founder, has stated that he would like to be doing $20 billion per year in new loans by the year 2020. While this would represent a more than 400 percent increase in business from where the company is today, the past performance of the lender suggests that even this level of tremendous growth may be well within the capabilities of GreenSky.

This would represent a sizable portion of all of the loans that occur in the more than $400 billion home renovation market. Since its inception, GreenSky has created billions of dollars in additional business that likely never would have materialized. The company has been able to do this through concentrating on the highest-rated borrowers. The company’s average customer typically has a FICO score of more than 760, making it possible for the firm to instantly offer some of the best loan terms in the industry to its clients.

The fact that the vast majority of the firm’s borrowers are in the prime category has also made it relatively easy for the company to strike deals with some of the largest and most respected lenders in the country. The firm works with lenders like Region’s Bank, Sun Trust and Fifth-Third Bancorp to bring instant loans to hundreds of thousands of customers each year. If the firm can hit its growth goals, it will rank among the largest fintechs in the world.

***note to editor. None of this piece corresponds with anything listed in revision request

https://www.nasdaq.com/markets/ipos/company/greensky-inc-1052127-86689?tab=financials

Stream Energy: Using More than Just Money to Give Back

Hurricane Harvey is one of the most devastating catastrophes in the world that left many people desperate and stranded. Hurricanes such as Harvey are relatively common in America with other hurricanes such as Hurricane Katrina, Hurricane Rita, Hurricane Wilma, Hurricane Charley and Hurricane Ivan having hit the country in the past decade. In such cases, the victims are left helpless after the loss of their livelihood and other valuables. In the recent Hurricane Harvey, the water rose to 56 inches and flooded every part of Houston, leading to massive damages and even loss of lives. In an action to fund the recovery, Stream Energy – an energy distributing company based in Dallas – recently initiated a charity foundation, Stream Cares. Stream Energy has established long-lasting relationships with the Red Cross Society and Habitat for Humanity. Stream operates through a business model where the company’s associates are paid to build a chain of loyal consumers and deliver products and services including energy and mobile phone plans.

Stream Energy caters to both domestic and company needs, providing energy, telemedicine, and virtual doctors. Successful associates receive a commission based on sales and may choose to support as individual entrepreneurs or as passionate individuals. One of the associates in Dallas –Home Supply Co. – is deeply concerned about homelessness. The charity provides diapers, food, school supplies, clothing and more for homeless children in Dallas. Stream Energy in Collaboration with Home Supply Co. organizes an annual Splash that brings together homeless children. Stream then delivers the supplies as well as funds to Hope Supply. This is not the first time that Steam Energy is helping disaster victims. In 2016, Stream came to the aid of North Texas Tornado victims and matched their lost households together with donations from associates.

According to Stream Energy, giving is not all about money. In collaboration with Operation Once in a Lifetime, Stream donated transport to less fortunate military veterans and their loved ones to enjoy a December lunch out, and an American Doll Event for their daughters. Stream Energy has displayed devotion in helping the less fortunate by employing corporate generosity and associate passion.

Shervin Pishevar says U.S. has managed to export inflation for over a decade

Shervin Pishevar is one of the thought leaders of Silicon Valley finance. Responsible for the creation of dozens of highly valued firms, Shervin Pishevar is the current CEO and founder of Investment company, one of the most important venture capital firms in the world of tech. He has personally founded a number of companies as well, including Social Gaming Network, Ionside and WebOS.

Low levels of inflation have been deceiving

Shervin Pishevar makes the unique argument that the low levels of inflation seen throughout the U.S. economy over the last decade may be masking the true extent of inflation. He says that there have been two mechanisms that have acted as a sort of pressure valve for the enormous inflationary pressures that have been building up as a result of the Fed’s rivers of cheap credit that they have flooded the market with.

The first thing that has happened, Shervin Pishevar says, is that inflation has been exported. This can be seen in the wages of U.S. trading partners, particularly through developing economies like those of China and elsewhere in East and South Asia. This, he says, is approaching its limit. Shervin Pishevar believes that the amount that wages in these countries can continue to rise without severely adversely affecting their competitive advantages is quickly nearing its peak.

At the same time, another place that the inflation has shown up is stateside in most assets. Equities are currently nearing all-time high valuations, with many of the top companies on the Dow Jones trading at P/E ratios above 30. And the real estate market has been run up even above the levels that were seen in the lead up to the 2008 mortgage crisis and subsequent real estate crash.

It is in the area of real estate, in particular, that Pishevar believes that there is no more room to absorb inflationary pressures. He says that many real estate markets in the country’s largest cities are already at such valuations that ordinary workers can hardly afford to rent decent apartments. Pishevar says that this has historically been a harbinger of sharp market corrections.

https://www.caa.com/caaspeakers/shervin-pishevar

Louis Chenevert, The Success Story

Many success story go untold and therefore, do not provide much value for those who seek to be inspired. The story of Louis Chenevert is here to help close that gap of unknown or undisclosed history of the wealthy and successful. In this brief article, you are more than likely to find something that will either motivate or inspire you to continue building your business and/or improving your art form.

As a child, Louis Chenevert showed a genuine interest in everything entrepreneurial. He’s been at the success game since he was a child. He had the persistence and determination that got him to the point of his life that he is at today. He attended the HEC Montreal Business School at the University of Montreal where he majored in production management.

Soon after, he acquired a job at General Motors in St. Therese, Quebec, where he was in charge of the assembly line. His employer, Guy Hachey, admired the way that Louis Chenevert performed at his duties and promoted him every chance he had. His hard work, dedication, loyalty, and accountability did not go unnoticed.

After fulfilling 14 years of dedicated service to General Motors, Louis Chenevert decided that it was time for a change. He wanted something more, so he began to investigate companies of different industries. His new endeavors landed him in the aerospace field.

Louis Chenevert landed a job in the aerospace industry by working for Pratt & Whitney Canada in 1993. After working for the PWC for about 3 years, Chenevert decided that it was time for yet another change. Just like the world is in a constant state of change, so are we. This meant that it was time for Louis to take his evolution to the next level, continuously improving himself through the channel of his work.

With his natural and consistently improving leadership skills, Louis Chenevert has become a successful business entrepreneur. His degree and level of success is something that most can only dream of obtaining. Louis Chenevert is a testament of hard work and dedication. His actions alone can be enough to motivate the right person with eyes that can see.

https://www.bloomberg.com/photo/united-technologies-corp-ceo-louis-chenevert-/104967.html

Todd Lubar  Successful Entrepreneur Offering Tips to Succeed in this Industry

For people who are looking for financial guidance as well as mortgage loan for purchasing home in Baltimore, consulting with Todd Lubar can ease your worries to a great extent. With the experience of just under three decades in real estate and mortgage banking, Todd Lubar is among the stellar financial and real estate executives in the city of Baltimore. He has spent nearly twenty-five years in the real estate sector of the region and knows the industry in and out, which is what makes him the perfect consultant to counsel on anything related to the real estate scenario in Maryland and surrounding areas.

 

Todd Lubar has worked with several financial companies during his lifetime, which includes Crestar Corporation, which was his first job. As loan originator at Crestar Corporation, Todd Lubar was able to help the company generate considerable revenue and his contribution to it was highly applauded. Todd Lubar went on to work for Legacy Financial after leaving Crestar Corporation, where he used the network he made at Crestar Corporation to help the company make sells of hundreds of dollars in the new few years. Eventually, he went on to follow his entrepreneurial instinct and started TDL Ventures, which helps people get the loans they need to buy real estate properties. Many people are unable to get the home loan they need to buy their dream home for several reasons. In many cases, the loans are not available to such people due to minor hindrances in their financial management.

 

Todd Lubar has spent over two decades in this field and has also been listed several times as one of the top 25 loan originators in the country. Todd Lubar believes that it is much easier for the people to get the loan if they keep a regular check on where their credit score is heading towards. If anything is causing your credit score to drop, make sure that you immediately take the corrective measures as it would get difficult with time to get the loan if the problems are kept unchecked. Todd Lubar offers some excellent advice to people looking to succeed in their ventures. He is successful because he has great respect for his teammates. The company he owns follows a transparent working method so that communication becomes much easier for everyone.

 

Todd Lubar also believes that one has to be motivated to be successful as it gives a person the drive to do better. The motivation can be anything that a person would personally want or need. Also, when the owners of any businesses are active in the everyday operations of the company, it does much better than the ones who think that they can just rule their employees.

 

 

What Helped Daniel Taub Make His Decision to Leave for Israel

When Daniel Taub made the decision to leave the home that had been his for years and leave the ambassador position that he thrived in, he knew it would be a move that would allow him to really branch out and expand on the things he could do to help people who were a part of the Jewish community. Daniel Taub knew there were many different things that people would benefit from when he was in Israel and most of the benefits were exactly what his family needed. Daniel Taub tried to always give them the best opportunities possible and make sure they were experiencing the culture the way he truly wanted it to be.

 

For Daniel Taub, this meant he would have to do what he could to teach his family about their ancestral heritage. He can use Israel as a way to show them where they come from and what they had to go through to get to where they are now (http://www.everipedia.com/editor/dtaub/). Daniel Taub knew this would be something that would give him the options he needed to truly focus on how he was helping them and what he could do to bring attention to the issues he had while he was working as an ambassador.

 

The idea that Daniel Taub had about what he could do to help these people gave him the opportunity to keep helping others and to move forward with his life. While the ambassador position was perfect, Daniel Taub did not see himself staying in Britain for the rest of his life. He wanted to explore and see the world while he was also doing other things to help himself through the issues that were going on in the world around him. Daniel Taub wanted to do his best so he could try more opportunities on his own.

 

As long as Daniel Taub was working, he was learning things. There were many life lessons he could take away from his job as an ambassador. In fact, he enjoys sharing the life lessons so people can use them on their own. Part of what has made Daniel Taub so successful is the fact he is not afraid to share about the things he has done or the things he has learned while he is in the position he’s in. It has helped him make sure he can help people in other ways through his advice.

 

 

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