Summary of Progress from Prior Month's Report RMS has been working with Assured, Ocwen and Altisource since the transfer of assets from Power REO to Ocwen on February 28, 2013. RMS continues to see instances where data appears incorrect and/or inconsistent. It is generally limited to current and original list price and date and as of recently, the estimated close date. RMS is now receiving days on market (“DOM”) as part of the data file received. Since RMS began working with Altisource, there
of STMO 8 Role of each position holder in the STMO 9 Roles of an Area Sales Manager – 10 Marketing Strategy 11 Sales Strategy: 12 Linking Marketing Strategy and Sales Strategy: 13 Sales Planning Process 13 Sales Planning Process: Objectives and Targets 13 Sales Planning Process:
As RMS continues to indicate, based on our observations and more importantly on the review of assets during our weekly calls with Altisource, RMS continues to believe on many of these assets, the condition or location of the property is the primary driver behind not only the large reduction in list price, but ultimately a sales price well below the initial list price, all of which contribute to extended days on market and an increase in carrying costs incurred by the Trust. We believe one of the
outside of what RMS believes is an acceptable range. • 2 assets were under or pending contract for more than 15% below the initial list price. The sales price for the 2 under or pending contract assets ranged from 76.2% to 81.8% of the original list price. Both are under contract as a traditional sale. During our weekly calls, Altisource acknowledges many of those with a significant variance had an initial asset value that was incorrect and they “chased the value” on the assets. RMS believes the
accruals in firms that achieve the target and those that fall short. The earning distribution method is based on the assumption that the target
outside of what RMS believes is an acceptable range • No assets have days on market of more than 100 days • 3 assets have reductions of more than 10% since listing When reviewing days on market together with the historic offers on the property, in our view many of these have a list price that still appears high, as suggested by the days on market, low offers (compared to the list price) and/or an ongoing lack of activity. Based on
As RMS has indicated before, based on our observations and more importantly on the review of assets during our weekly calls with Altisource, RMS believes on many of these assets, the condition or location of the property is a primary driver behind not only the large reduction in list price, but ultimately a sales price that will be well below the initial list price, all of which contribute to extended days on market and an increase in carrying costs incurred by the Trust. We believe a contributor
Integrating risk management (RM) and management control together has been considered as a significantly essential approach to bring about high quality of RM. This idea has been developed since the Committee of Sponsoring Organizations of the Treadway Commission (COSO) published integrated framework for internal control in 1992. Ten yeas later, Section 404 compliance, which is part of Sarbanses-Oxley Act, was enacted in 2002 for the purpose of reviewing and reporting on effectiveness of internal control
1854 Form of business : Partnership Email : kakzah_frozen@yahoo.com Main activities : Manufacture, selling, promotion and delivery Traditional cookies to the customer. Date of commencement : 1 January 2014 Date of establish : 18 March 2014 Registration number : AS0292980-A Initial capital : RM
As RMS has indicated many times, based on our observations and more importantly on the review of assets during our weekly calls with Altisource, RMS continues to believe on many of these assets, the condition or location of the property is the primary driver behind not only the large reduction in list price, but ultimately a sales price well below the initial list price, all of which contribute to extended days on market and increased carrying costs incurred by the trust. This is an ongoing issue