|
|
Welcome From Bob Jett, General Counsel for eDocs-Express.
Welcome to the Ninth Issue of the eDocs-Express Dispatch!
A Cure for the Summertime Blues. Do you remember the great 1958 classic "Summertime Blues" sung by Eddie Cochran?
Workin' all summer. Just tryin' to earn a dollar. Well, I went to my boss who governs me. He said, "No, dice, bud. You gotta work late." Gonna save two weeks. Gonna have a fine vacation. Sometime I wonder what I'm gonnna do. There ain't no cure for the summertime blues.
Are your loan processors singing the Summertime Blues? We have a cure. Send them off on their summertime vacation and let eDocs-Express back them up while they're curing their summertime blues.
Click here to read all the lyrics to the Summertime Blues.
The Credit Room.
As reported in our last edition of the eDocs-Express Dispatch, our strategic partner, Prescient Software, was building a private Intranet communications system for an eDocs-Express client for conducting online loan committee meetings.
That system has now gone live and enables the bank to conduct secure loan committee meetings, without risking distribution of credit documents by email, mail or courier, and while reducing copy and delivery costs.
Please read the entire eDocs-Express Press Release.
So enjoy the Dispatch and if there are any subjects you'd like us to cover, simply recommend a subject for a future issue of the Dispatch.
|
|
News and Solutions from eDocs-Express
|
Understanding the Asset Based Loan Agreement. In the Summer 2005 issue of the Dispatch we discussed the various loan agreements found in Laser Pro. In the current issue of the Dispatch, Bob Jett discusses the Asset Based Loan Agreement and multiple credit facilities.
|
Learn more about this subject by reading Bob Jett's article on
Understanding the Asset Based Loan Agreement.
Our Web Site of the Month - Hedge Funds. Have any of your customers or associates asked you for advice or information about hedge funds. How much do you know about hedge funds?
Hedge funds are a type of private and unregistered investment pool. They are similar to mutual funds in that they both are pooled investment vehicles that accept investors’ money and generally invest it on a collective basis. They differ from mutual funds in that they are not registered under the federal securities laws because they accept only financially sophisticated investors and do not publicly offer their securities.
Read a Staff Report from the Securities and Exchange Commission that provides a thorough definition of hedge funds, the background of their development, the different forms of hedge funds available, who manages them, and how they're regulated.
Also read the July 25, 2006 testimony on hedge fund regulation of Randal K. Quarles, Under Secretary for Domestic Finance before the Senate Committee on Banking, Housing and Urban Affairs.
Here are a couple of hedge fund sites where you probably can learn more than you want to know about hedge funds:
"The Hedge Fund Center" and "Lipper HedgeWorld".
|
|
News from the Lending World
US Department of the Treasury Office of Financial Education
The US Department of the Treasury established the Office of Financial Education in May of 2002. The Office promotes access to financial education tools to help consumers make wiser choices in areas of personal
|
financial management, with a special emphasis on saving, credit management, home ownership and retirement planning.
The Office also coordinates the efforts of the Financial Literacy and Education Commission, a group chaired by the Secretary of Treasury and composed of representatives from 20 federal departments, agencies and commissions, which works to improve financial literacy and education for people throughout the United States.
We've just signed up to receive Financial Education Newsletters via Email. Hopefully we'll see that the expenditure of our tax dollars is helping to educate your customers. You too can sign up at their web site.
|
|
|
|
Did You Miss the First Eight Issues of the Dispatch? If you did, you can visit the eDocs-Express Lending Center on our site to view past issues.
eDocs-Express Lending Center
|
|
|
|
Unsubscribe to the Dispatch.
eDocs-Express LLC
756 Officers Row
Vancouver, WA 98661
(888) 493-9428 ext 12
www.edocs-express.com ¤ sales@edocs-express.com
|
|
