Collateral | Jotup

Bloktopia raises $4.2m for its VR metaverse. Round led by Animoca Brands, Jake Paul & Bitboy

Retrieved on:

Thursday, September 23, 2021

DOUGLAS, Isle of Man, Sept. 23, 2021 /PRNewswire/ -- Bloktopia, the virtual reality metaverse which will allow users to Learn, Earn, Play and Create and provides a central hub for everything cryptocurrency related - today announced that it has closed its private rounds.

Key Points:

Investment was led by Animoca Brands and also includes backing from Jake Paul's Anti Fund, Polygon, Bitboy (Ben Armstrong), Wendy-O, X21, Genblock, AU21, Avalanche,Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital and Magnus Capital.
Bloktopia also released a list of the brands that will be taking up residency.
Bloktopia is a VR skyscraper made up of 21 floors to commemorate 21 million Bitcoin.
For the first time ever, users will have access to crypto information and immersive content all in one place.

Bloktopia raises $4.2m for its VR metaverse. Round led by Animoca Brands, Jake Paul & Bitboy

Retrieved on:

Thursday, September 23, 2021

Investment was led by Animoca Brands and also includes backing from Jake Paul's Anti Fund, Polygon, Bitboy (Ben Armstrong), Wendy-O, X21, Genblock, AU21, Avalanche,Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital and Magnus Capital.

Key Points:

Investment was led by Animoca Brands and also includes backing from Jake Paul's Anti Fund, Polygon, Bitboy (Ben Armstrong), Wendy-O, X21, Genblock, AU21, Avalanche,Shima Capital, TKX Capital, Kucoin Labs, DuckDAO, Dreamboat Capital and Magnus Capital.
Bloktopia also released a list of the brands that will be taking up residency.
Bloktopia is a VR skyscraper made up of 21 floors to commemorate 21 million Bitcoin.
For the first time ever, users will have access to crypto information and immersive content all in one place.

EverGROW COIN: The Hyper Deflationary Buy-Back Token Which Rewards Holder in USDT

Retrieved on:

Sunday, September 19, 2021

Decentralized finance, Collateral, Dex, United Capital Partners, Liquidity, Buyback, Strategic reserve, Sale, Hero, BNB, Cryptocurrency, Pool, Dapp, Moonshot, Players, Adult, COIN, Burn, BSC, IPO, NFT, EGC, Chart, Contract, AND, ECG, Ecosystem

While everyone is scrambling to find the next big thing, EverGROW COIN is proud to be the 1st Yield Generation token which rewards its holders in USDT.

Key Points:

While everyone is scrambling to find the next big thing, EverGROW COIN is proud to be the 1st Yield Generation token which rewards its holders in USDT.
EverGROW not only offers static rewards to its holders; instead, it also benefits them from the buyback process of the contract.
There is no need for holders to claim their rewards as the $USDT is delivered automatically to their wallets in their holding EverGROW COIN Holdings proportion.
However, rewards are distributed automatically; EverGROW also allows its holders to claim their USDT tokens and receive those rewards manually.

EverGROW COIN: The Hyper Deflationary Buy-Back Token Which Rewards Holder in USDT

Retrieved on:

Sunday, September 19, 2021

While everyone is scrambling to find the next big thing, EverGROW COIN is proud to be the 1st Yield Generation token which rewards its holders in USDT.

Key Points:

While everyone is scrambling to find the next big thing, EverGROW COIN is proud to be the 1st Yield Generation token which rewards its holders in USDT.
EverGROW not only offers static rewards to its holders; instead, it also benefits them from the buyback process of the contract.
There is no need for holders to claim their rewards as the $USDT is delivered automatically to their wallets in their holding EverGROW COIN Holdings proportion.
However, rewards are distributed automatically; EverGROW also allows its holders to claim their USDT tokens and receive those rewards manually.

Ross Pazzol, Former Assistant General Counsel at CME, Joins Murphy & McGonigle

Retrieved on:

Monday, September 13, 2021

Mr. Pazzol joins from CME Group, where he served as Assistant General Counsel for the past five years.

Key Points:

Mr. Pazzol joins from CME Group, where he served as Assistant General Counsel for the past five years.
"We're thrilled to have Ross join our growing Chicago office," said Harris Kay, Managing Partner of Murphy & McGonigle in Chicago.
"I am delighted to join the talented team at Murphy & McGonigle and to help grow the new Chicago office," said Mr. Pazzol.
Murphy & McGonigle operates in New York, Washington, DC, Virginia, Chicago and San Francisco.

Arc Home LLC Implements Indecomm's BotGenius™ to Automate Middle Office Mortgage Operations

Retrieved on:

Monday, August 9, 2021

Technology, Software, Longevity, Compliance, CEO, Collateral, NY, LES, Time, Industry, Fraud, Review, RPA, Solution, AUS, Compact disc, Automation, QM, Communication, Education, Collection, Bank, Real estate

BotGenius is a collection of software robots pre-built to emulate human computer interaction for specific, standardized middle office tasks, processes, and workflows in the mortgage industry.

Key Points:

BotGenius is a collection of software robots pre-built to emulate human computer interaction for specific, standardized middle office tasks, processes, and workflows in the mortgage industry.
The bulk of time and expense in the mortgage loan origination process is in processing and underwriting, or the "middle office."
While the "middle office" is the hardest part of the mortgage loan lifecycle to automate, it is the loan stage that provides mortgage lenders with the biggest opportunity for gaining efficiencies.
To learn more about Indecomm's BotGenius solutions and how you can automate your middle office mortgage workflows, visit the corporate website at https://botgenius.net .

Numerated Adds New Secured Lending Features to Its Digital Lending Platform for Banks & Credit Unions

Retrieved on:

Wednesday, August 4, 2021

Professional Services, Data Management, Technology, Other Technology, Finance, Banking, Money, Finance, Economy, Loans, Bank, Collateral, Peer-to-peer lending

Numerated , the fast-growing fintech making business banking easy for financial institutions and their clients, has added new secured lending features to its digital lending platform to take the work out of business lending secured by specific collateral.

Key Points:

Numerated , the fast-growing fintech making business banking easy for financial institutions and their clients, has added new secured lending features to its digital lending platform to take the work out of business lending secured by specific collateral.
The new capabilities add to Numerateds existing business lending solutions, providing banks and credit unions with a single digital lending platform for secured and unsecured loans and lines of credit.
Banks and credit unions use Numerated to make their business lending more efficient and to offer convenient digital channels to their clients.
Banks and credit unions use Numerateds digital lending platform to meet business expectations for digital convenience and to bring efficiency gains to their internal teams.

KBRA Assigns Preliminary Ratings to Greystone 2021-FL3

Retrieved on:

Tuesday, July 27, 2021

Professional services, Finance, Money, Finance, Economy, Loans, Credit, Collateral, Liability

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to eight classes of Greystone 2021-FL3, a $900.0 million managed CRE CLO with the ability to reinvest principal proceeds for 36 months, which includes a six-month ramp-up period.

Key Points:

Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to eight classes of Greystone 2021-FL3, a $900.0 million managed CRE CLO with the ability to reinvest principal proceeds for 36 months, which includes a six-month ramp-up period.
The transaction will initially be collateralized by 29 whole loans (or participations therein) with an in-trust balance of $722.8 million and $177.2 million of cash collateral.
At the end of the ramp-up period, any unused proceeds will be applied as principal proceeds to pay down the notes sequentially.
Additionally, the transaction includes a feature which provides the sponsor with the ability to effectuate significant modifications to performing loans.

UCASU Received $400,000 Construction Loan on 1st SHOC Airbnb Property

Retrieved on:

Tuesday, July 6, 2021

Money, Finance, Loans, Economy, Mortgage, Personal finance, Refinancing, Mortgage loan, Real estate investing, Southern Hemisphere Ornithological Congress, Collateral

ATLANTA, July 6, 2021 /PRNewswire/ -- UC Asset LP (OTCQX: UCASU), an Atlanta-based real estate investment firm, confirms that it has received a construction loan of $400,000 on its first Shared Home-Office Cluster (SHOC) property, through its wholly owned subsidiary SHOC Holdings LLC.

Key Points:

ATLANTA, July 6, 2021 /PRNewswire/ -- UC Asset LP (OTCQX: UCASU), an Atlanta-based real estate investment firm, confirms that it has received a construction loan of $400,000 on its first Shared Home-Office Cluster (SHOC) property, through its wholly owned subsidiary SHOC Holdings LLC.
This property may be developed into 10 units for short-stay rental under the concept of SHOC.
"We are grateful to receive a construction loan that will likely cover all of our construction cost.
If renovation of the property can be completed by the maturity date, it is possible that the loan can be refinanced into a mortgage loan of longer term, collateralized with the finished SHOC property.

KBRA Releases CRE CLO Default and Loss Study

Retrieved on:

Friday, July 2, 2021

Other Professional Services, Professional services, Finance, Money, Finance, Loans, Economy, Credit, Mortgage, Collateralized loan obligation, Financial law, CLO, Credit rating agency, Collateral, Default

Kroll Bond Rating Agency (KBRA) releases a commercial real estate (CRE) collateralized loan obligation (CLO) default and loss study, as the asset class enters its 10th year.

Key Points:

Kroll Bond Rating Agency (KBRA) releases a commercial real estate (CRE) collateralized loan obligation (CLO) default and loss study, as the asset class enters its 10th year.
Over the decade, $82.4 billion of CRE CLOs have been issued, providing a good opportunity to study loan defaults.
The study population had a cumulative payment default rate of 2.5% by loan count, and, inclusive of modifications and maturity defaults, a cumulative combined default rate of 7.8%.
Notably, CRE CLO managers can generally choose to identify credit-impaired loans and purchase them from transactions prior or during the time in which they become a default.