Latest news with #Geibel
Business Wire
4 days ago
- Business
- Business Wire
Vervent Highlights Critical Role of eVaults in Complex Loan and Lease Transactions
SAN DIEGO--(BUSINESS WIRE)--Vervent is proud to introduce the Business Impact Brief examining the critical role of eVaults in navigating complex loan and lease transactions. Commissioned by Vervent and conducted by S&P Global Market Intelligence's 451 Research, the research underscores the essential need for secure, compliant digital document management solutions in today's evolving capital markets landscape. "We are excited to commission 451 Research to provide valuable insights into the transformative impact of eVault technology," said Lou Geibel, Executive Vice President at Vervent. "This sponsored research validates our commitment to delivering solutions that not only address current market challenges but also position our clients for future regulatory and technological developments. The findings demonstrate how eVaults have become essential infrastructure for maintaining transaction integrity and compliance." The Business Impact Brief highlights gaps in current document management capabilities, with 20% of respondents identifying intelligent document processing as the most critical missing feature, followed by better integration with third-party tools and business systems (18%). Additional critical gaps include workflow automations for document approvals and reviews (16%), enhanced security features and compliance with industry regulations (16%), and version-control capabilities for tracking and managing different versions of documents (16%). These gaps reflect a fundamental challenge where organizations must navigate complex regulatory frameworks while maintaining the authenticity and enforceability of single authoritative copies (SACs) throughout the loan and lease transaction lifecycle. As noted in the Business Impact Brief, eVaults deliver three key business impacts: enhanced compliance and risk mitigation by helping organizations navigate complex legal and regulatory frameworks; improved efficiency and transparency through streamlined document organization and faster transaction processing; and strengthened trust and collaboration among stakeholders through secure, transparent access to authoritative documentation. The Business Impact Brief highlights that modern eVault solutions must facilitate the "perfection" of security interests while ensuring legal enforceability from origination to disposition. With regulatory environments expected to evolve over the next 2-3 years and anticipated technological advancements including blockchain and AI integration, eVaults are positioned to become central platforms in the digital origination process. "The finding reinforce our belief that eVaults are not just a technological solution but a strategic imperative for capital markets participants," added Geibel. "As organizations increasingly seek digitization across all asset classes, our eVault platform provides the secure, compliant, and scalable foundation needed to protect assets and enhance execution certainty for both originators and investors." Vervent's eVault platform, purpose-built to ensure compliance with UCC Article 9-105, ESIGN, and UETA regulations, addresses the critical challenges identified in the research. The platform integrates seamlessly with eSignature and loan origination systems while providing robust security features, comprehensive audit trails, and the transparency required for modern capital markets transactions. The complete S&P Global Market Intelligence 451 Research Business Impact Brief is available for download here. Learn more about Vervent's eVault Solution and schedule a demo here. About Vervent: As a fintech leader in the industry, Vervent sets the global standard for outperformance by delivering superior expertise, future-built technology, and meaningful services. We support our partners with primary strategic services including, Loan & Lease Servicing, Backup Servicing/Capital Markets Services, Managed Services, and Credit Card Servicing. Vervent empowers companies to accelerate business, drive compliance, and maximize service. Contact us today to find out how we can help boost your performance at Solutions@
Yahoo
14-03-2025
- Business
- Yahoo
Voters have approved $82M in projects at Willingboro, Southampton schools. What to expect.
Voters in two Burlington County towns have approved school-improvement projects with a combined cost of approximately $82 million. Willingboro residents on Tuesday supported two ballot questions worth $67.9 million, according to unofficial results on the county's website. "The community can look forward to improvements to every school and the construction of an Indoor track and basketball complex," stated a post expressing gratitude on the district's website. In Southampton, voters narrowly approved a $14.1-million bond to upgrade the local district's three elementary schools. Soul line dancing: South Jerseyans show off moves on national TV, at Library of Congress Southampton Superintendent Megan Geibel thanked the bond's supporters. But she acknowledged the close result in a letter to the community Wednesday. 'Our goal is to ensure that every voice is heard and considered as we move forward,' Geibel wrote, adding that the vote's outcome, with 52% approval, "underscores the diverse perspectives within our community." In Willingboro, almost 70% of voters supported the first ballot question, a $49.7-million proposal to upgrade the district's schools. The second question, which passed with 54% approval, called for spending $18.2 million on an indoor track/basketball complex. Here are some of the changes set to come to Willingboro: New or repaired roofs at the district's schools. Renovations for middle school and high school science labs. Conversion of elementary school libraries into media centers. Building gym annexes at the elementary schools. Installing bathrooms in preschool/kindergarten classrooms. Improved traffic flow for the parking lot at Garfield East Early Childhood Development Center. A track/basketball complex on Windover Lane, next to the district's administration building. The Willingboro projects are to result in a property tax increase of $23 annually for an average home assessed at $161,022. New Jersey is to cover $21 million of the school improvements, but none of the costs for the sports complex. State aid is to cover $3.5 million of debt service in Southampton. The bond's cost is to hike the annual property tax by $29 for an average home assessed at $189,284. Among other changes, the Southampton plan is to: Convert a bus garage at Southampton School No. 1 to hold all-purpose, art and music rooms, while an existing all-purpose room would become an instructional media center. The school also would add a history wall. Put new restrooms in seven classrooms for all-day preschool at Southampton School No. 2. Install an all-weather multipurpose field and running track, with pickleball and volleyball courts, and upgraded lighting at Southampton School No. 3. Implement security upgrades at all three schools, including cameras and additional fencing. They also would see infrastructure upgrades and playground refurbishment. Jim Walsh is a senior reporter with the Courier-Post, Burlington County Times and The Daily Journal. Email: Jwalsh@ This article originally appeared on Cherry Hill Courier-Post: Residents vote for big changes at schools in Willingboro, Southampton
