Rededication

first_imgDespite the upheaval, service to the community was not interrupted, Salinas said. “Staff worked diligently to ensure that the programs out of the department ran smoothly,” she said. “This building and department, even more so than City Hall, is the city’s true connection to the people,” said Lopez-Reid. “And we are so glad to have it open for business once again.” The building houses a multipurpose room, two conference rooms, offices and work stations for the 11-member staff. The landscaping in front of the building includes palms trees and two “early tradition” style lightposts. “It’s a beautiful building,” Lopez-Reid said. sandra.molina@sgvn.com (562) 698-0955, Ext. 3028 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! • Photo Gallery: Montebello Parks & Recreation MONTEBELLO – City officials reopened what they called “the face of the city” when they rededicated the Parks and Recreation Building on Wednesday. The 6,000-square-foot building was closed for nearly a year after a fire destroyed one of its storage rooms last December. “I am extremely glad to welcome our staff back home,” said Mayor Norma Lopez-Reid at a ribbon-cutting ceremony. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREPettersson scores another winner, Canucks beat KingsThe fire prompted the city to close down the facility not only to repair the fire-damaged storage room, but to make other renovations already scheduled. The improvements, which cost $280,000 and were completed by Macco Construction, included painting the building’s interior and exterior, replacing water pipes, installing carpet to replace old tile and making the restrooms comply with the Americans with Disabilities Act. The building is also fire protected and was made energy efficient, said Tom Castillo, building official. “It feels good being home,” said Municipal Services Director Norma Salinas. “We are just trying to acclimate ourselves back into working in this building.” The parks and recreation staff was displaced and dispersed at City Hall, the Cathy Hensel Youth Center and a trailer adjacent to the Parks and Recreation Building. last_img read more

Streamlined Wendy’s gets back to serious business of burgers

first_imgCOLUMBUS, Ohio – Wendy’s International Inc. introduced a strategy Thursday to revive its brand by introducing new menu items and emphasizing product quality. Part of the plan by the nation’s third-largest hamburger chain includes an agreement to sell its underperforming Baja Fresh Mexican Grill chain to a consortium of investment firms for $31 million. Wendy’s, which spun off its coffee-and-doughnut chain Tim Hortons last month, has been under pressure from some shareholders to shed its extra businesses and return to its hamburger roots. The company, known for its square, made-to-order burgers, is trying to keep recent momentum after a tough 2005 in which sales at locations open more than a year fell for the first time in 18 years as a customer falsely claimed she found part of a finger in her chili. AD Quality Auto 360p 720p 1080p Top articles1/5READ MOREThe joys and headaches of holiday travel: John Phillips“Over time, we have kind of not focused on what business we’re in and we’re in the core hamburger business,” interim Chief Executive Officer and President Kerrii Anderson told The Associated Press in a telephone interview. The stock has reached record levels recently. On Thursday, it rose $1.39, or 4.1 percent, to close at $35.11 on the New York Stock Exchange. The company said it expects same-store sales, one of the best indicators of a company’s strength, to continue to increase by 3 percent to 4 percent over last year, but it warned that third-quarter profits due out Oct. 26 would be affected by several factors, including the cost of closing 30 to 40 restaurants and writing down the value of its Cafe Express chain. The company also is on target to meet previously announced plans to cut costs by $100 million, Anderson said. Those cuts include reducing corporate jobs. Analysts say that one of Wendy’s strengths is the quality of its products, which was a focus of founder Dave Thomas. He was a big part of Wendy’s marketing before he died in 2002. “It’s struggled for brand image,” said Sherri Daye Scott, editor of QSR magazine, which covers the fast-food industry. “Most people will tell you that after the passing of Dave Thomas, the company didn’t have an anchor.” Wendy’s, based in suburban Columbus, is selling the Baja Fresh chain after buying it in 2002 for $275 million. Second-quarter losses of $29.1 million, or 25 cents per share, were blamed partially on the chain of 300 restaurants in 25 states. “They sold it for a song,” Daye Scott said. The Baja Fresh chain was hurt by several leadership changes over the last few years, Anderson said. It’s best for Baja Fresh to have a new owner and for Wendy’s to concentrate on Wendy’s, she said. The West Coast group buying the chain is led by investor David Kim and owns brands including Sweet Factory, Cinnabon and Denny’s.160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set!last_img read more

Altisource Expands Vendor Oversight Platform

first_imgAltisource Expands Vendor Oversight Platform in Headlines, Technology Alitsource Portfolio Solutions, a mortgage and real estate technology provider, announced today that its Vendorly platform, which manages vendor oversight for financial institutions, is now available to all across the market. Previously, Vendorly was only available to members of the Lenders One Cooperative, a national alliance of independent mortgage professionals.Additionally, Altisource announced a collaboration with Secure Insight to offer settlement agent data and real-time risk ratings through the platform. Secure Insight is an information database that offers information on vetted mortgage closing professionals.“With Vendorly, we’ve developed an easy-to-use platform for delivering stronger vendor management across all vendor types,” said Jim Vaca, VP at Vendorly.“Our relationship with Secure Insights allows us to leverage their deep expertise in settlement agent oversight and industry-leading database of over 50,000 vetted and rated agents, which has been a decade in the making,” Vaca said.Vendorly was created to offer full vendor oversight and improve efficiencies, according to Altisource. In addition to the settlement agent database offered through Secure Insights, Vendorly provides end-to-end vendor oversight with due diligence, document management, annual assessments, and security reviews.“Leveraging Altisource’s technology and industry expertise has enabled us to help bring efficiency to our clients’ vendor management process,” Vaca said.More than 50 customers have adopted the Vendorly platform since its launch.“We have always recognized that lenders are seeking a complete solution for vendor management, one that encompasses the different areas of risk and the various vendors that make up the universe of third parties with whom lenders conduct business,” said Andrew Liput, President and CEO of Secure Insight.“We are excited to combine our specific expertise in settlement agent oversight with Vendorly’s oversight services, uniting our efforts to develop an integrated solution that will deliver our risk data on a transaction basis for greater loan efficiency and operational security at the closing table,” he said. Sharecenter_img May 4, 2017 560 Views Altisource Portfolio Solutions independent mortgage professionals Lenders One Lenders One Cooperative mortgage closing professionals Mortgages Secure Insight third party oversight vendor management vendor oversight vendor oversight platform Vendorly 2017-05-04 Krista Franks Brocklast_img read more