Do you have piles of paperwork littering every surface in your home office? A filing system is necessary to keep all that paper in order. What filing system you decide to buy or setup will depend on your budget and your space.
A proper filing cabinet is an excellent way to keep records because you can file your paperwork in a way that is easy to access. All you need to do is drop the sheet of paper into the correct folder. Always set aside 15 minutes of your day to file paperwork correctly. If you cannot have a filing cabinet, then the next best thing is to have cardboard folders or even plastic or cardboard boxes — with lids if possible — on shelves. You can still use an alphabetical filing system by sticking labels on the edges of your shelves, or on the sides of the boxes. If you store your folders in a drawer, write the file name on the bottom of the folder so that you can see it when you open the drawer. You can purchase cardboard folders in packs of ten. You can also use large manila envelopes to file your paperwork. With many home businesses it is necessary to meet with clients sometimes. You simply cannot expect clients or prospects to feel comfortable in your lounge room, surrounded by toys and kids. Even if you don’t have children, you need a space for your clients that suits them. You’ll be able to have a visible sign directing your clients to the correct place. Your waiting room — if you need one — can be your front porch or even the foyer of the home.
You should design your meeting area with comfort in mind. Whether you have a sofa and easy chairs or whether you have a table and straight-backed chairs may depend on your space and your business. Try using straight-backed chairs. You may need a table to demonstrate something on. Make sure your client space is appropriate for the kind of business you have. If you need to simply talk to clients, then a sofa or easy chairs may be the best option. Two easy chairs are better than one sofa, unless you are likely to interview two people at once. You may need a small coffee table to provide tea or coffee options, but be sure this does not intrude on your available space.
When a person applies for a loan, he is termed to be an endorser or applicant of the loan. Person or organization, who lends the loan is known as the lender. In between the lender and borrower, sometimes there is an existence of a loan agent. After the application is made, the agent and the lender undertakes a very important procedure known as underwriting. In some cases the underwriting is done by both, the lender as well as the agent, but in some cases only the agent does finishes the procedure. It must be noted that there is no single loan underwriting definition, and the concept of underwriting is used for a varied number of reasons in the world of finance.
Underwriting procedure basically involves ascertaining the creditability and capability of the borrower to repay the loan. In cases where the loan is a commercial loan or a mortgage loan the projected value of the collateral is also forecast. Thus, basically, the underwriting process involves ascertaining the recovery of money and its rate of recovery. The process in itself is quite intricate, and difficult. Loan underwriting is usually conducted for bigger loans such as mortgage loans and auto loans. The smaller loans, such as cash advance loans and payday loans however do not have complex underwriting processes, instead, a simple approval process is used. In the United States, Freddie Mae and Fannie Mae, along with the Federal Housing Administration provide detailed underwriting guidelines.
What is Loan Underwriting
The best way to understand an underwriting procedure, is to understand the considerations and aspects of loan underwriting. The loan underwriting guidelines that are provided by the aforementioned institutions are based upon the following aspects.
Income: One of the most important aspect that is considered during the loan underwriting process is the income of the borrower. The loan’s installment is also calculated as per the income of the borrower. The size of the loan i.e.: the total amount that is lent, the down payment and rate of interest are all decided upon the income of the borrower.
Debt to Income Ratio: The second important factor that is considered while underwriting the loan is the debt to income ratio, which is the ratio between the monthly payable debts and the monthly income. The debt to income is sometimes also calculated for the entire year. The intention of calculating such a ratio is that it gives the perfect amount of income that is going to be used to pay debts.
Employment and Source of Income: A very important aspect that is considered by the underwriters is the employment status of the borrower and the source of income. The underwriters also further analyze the income projection and the growth of income rate, in cases where the loan is very long term loan.
Credit Report: The credit report of a person considers two important facts, namely, the credit history and the credit rating. The history is a record of all the previous credit related activities of the borrower. The rating is a figure that denotes the credit weight of the borrower. A rating is usually expressed in the form of a credit score and is calculated on the basis of credit history, late payments and defaults.
Projection of the Property: The value projection of the property is also considered by the underwriters. This projection is taken into consideration, in cases where the asset is a real estate. There are cases where the mortgage loans and home loans are defaulted by the borrower or foreclosure has to be initiated. In such a case the lender takes over the ownership of the property, and sells it off to recover losses. The projection of the value of the property is thus an important aspect of mortgage loan underwriting.
It must be noted that the commercial loan underwriting is different and much more complicated than the underwriting procedure for individual consumers.
When anyone has been seriously injured through no fault of their own due to an accident, negligence or wrongful act done against them, a personal injury lawyer will advise and act on behalf of that person, or persons. An initial consultation is usually free of charge. A lawyer will determine if a person is legally eligible to seek financial compensation for personal injury.
Once eligibility has been determined, the lawyer will file a personal injury claim. The lawyer will act on behalf of the client to recover damages. The lawyer will also file suit for accident benefits.
For example, a work related injury or illness will entitle someone to receive worker’s compensation benefits. A personal injury lawyer will determine if financial compensation beyond those provided under any predetermined worker’s compensation act should be awarded to the victim. Personal injury lawyers, being familiar with the law and with all precedents and exceptions to it, will file a suit against any third party who is ultimately responsible for the injury as well as any pain and suffering.
An example of a third party might be the manufacturers of the offending drug, machinery or chemical, a contractor working for a company different from that of the injured party, a negligent driver within the scope of the workplace, etc. A personal injury lawyer can help their client obtain second medical opinions, recover back-wages, etc., until the claim is settled.
A lawyer will argue, for instance, that accident benefits be awarded to the injured party in motor vehicle accident and slip and fall injury cases. Victims of motor vehicle accidents might have sustained severe or life-threatening injuries to the head, spine, bones, soft tissues, etc., which may permanently, and adversely, impact them and their family. Amongst other things, a personal injury lawyer will file, at minimum, a claim to recover loss of income plus immediate and future medical costs.
It is always in the victim’s best interest to retain a lawyer for accident claims. It is well-known that it can be difficult and confusing to deal with insurance companies. Whether the physical or emotional trauma is the result of a motor vehicle accident or a slip and fall injury, it might be difficult for a victim to receive all the benefits possible from their insurance company without legal advice.
Slip and fall injuries can be caused by dangerous conditions on a property, such as sidewalks or stairways in a state of ill-repair, poorly lit or covered with ice or snow. All property owners must ensure that their building is reasonably safe, inside and out, to avoid the possibility of personal injury due to negligence. A person visiting a property must also exercise due vigilance so as not to be considered equally negligent in the case of trauma or injury.
By way of citing motor vehicle and slip and fall accidents as examples, compensation or accident benefits can be awarded for a victim’s pain and suffering as well as lost financial income due to the accident. In general, it is in the victim’s best interest to hire a personal injury lawyer to argue their case on their behalf and many law firms will not receive payment until the case has been won. This is great news for the client because they will be assured that their lawyer will work very hard to win their case.
If you are interested in succeeding in the area of business, it is essential that you are well educated in the area of effective communication skills.
Consistency is the key when it comes to business and communication skills.
Here, you will find useful information directly related to the impact of good communication skills in the business environment. The lack of communication skills has been determined to be one of the most popular reasons for the overall decline in many businesses.
The inability to share ideas and thoughts, facts and figures, and express oneself in the business world can literally destroy careers, and close the door on many different types of businesses. There are two general types of communication. The second type of communication is nonverbal.
When it comes to communicating in a professional environment, it is important that we are all aware of the things that we are communicating with our mouth, our facial expressions, and our general body language.
This is really the first step to increasing business and communication skills. When focusing on business and communication skills, it is important that you focus on several different aspects that may be experienced in the professional environment.
Second, you should understand how to communicate when it comes to conflicts that may arise in the professional environment.
Last, you should gain some sort of comfort level in communicating in training sessions, as well as the general public.
When it comes to business and communication skills that are numerous necessary components that should be the center of focus these are considered to be the “building blocks” of effective communication.
In conclusion, business and communication skills are an absolute must for the professional. In today’s business market, writing has also become a standard form of communication on top of verbal and nonverbal types.
It is important that every professional knows and understands how to communicate via electronic and written communications.