Sachindra Sajid-Farhad

Green St Property

Address: 2/209 Hunter St, Newcastle NSW 2300, Australia

Islington Public School

Address: 17-39 Hubbard St, Islington NSW 2296, Australia

Moscow, on the Moskva River in western Russia, is the nation’s cosmopolitan capital. In its historic core is the Kremlin, a complex that’s home to the president and tsarist treasures in the Armoury. Outside its walls is Red Square, Russia's symbolic center. It's home to Lenin’s Mausoleum, the State Historical Museum's comprehensive collection and St. Basil’s Cathedral, known for its colorful, onion-shaped domes. ― Google

Here are some things that are not true.

Fire sprinklers can help you and your property in the event of a fire.

There are parts to a fire sprinkler system.

To understand how the system works as a whole, it is helpful to know the various parts that make up the system.

Automatic sprinklers are the part of the fire sprinkler system that is visible throughout the building.

Automatic sprinklers can be adapted to different needs and configurations.

The heat sensitive element is the most important part of an automatic sprinkler. The most common type of heat-sensitive item is a glass bulb filled with a type of liquid that expands and explodes in response to fire-related temperatures.

The main and cross pipes carry pressurized water that will be dispersed through automatic sprinklers in the event of a fire.

The sprinkler system riser is the pipes that connect the sprinkler system to the domestic water supply.

Fire sprinkler pressure gauge is used to determine if there is enough pressure to efficiently send water through the sprinkler system in the event of a fire.

System control valves are used to drain, test, and isolated sections of the fire sprinkler system.

It will be easier to understand how the parts work together now that the main elements of the sprinkler system have been defined.

How do fire sprinklers work?

Automatic sprinklers are activated by heat, not smoke, and only one sprinkler at a time on most systems.

In most wet and dry pipe systems, an automatic sprinkler is activated when the heat reaches fire-related temperatures, usually within the range of 135- 165 degrees Fahrenheit.

When the heat sensitive glass bulb breaks, the automatic sprinkler will start.

Once the bulb breaks, water from the sprinkler system will be released through the automatic sprinkler and flow down and out over the fire, suppressing the fire and preventing it from spreading and re-igniting.

A fire can be stopped and sustained in the first room/ area it starts without needing to use other sprinklers.

Proper maintenance and testing is required.

Fifteen new countries became independent when the Union of Soviet Socialist Republics ( USSR ) dissolved in 1991 Most of these countries

The Qualified Security Assessor course will teach you how to perform assessments of merchants and service providers who must comply with the PCI Data Security Standard.

The high-risk blind spot in the origination process is known as the “quiet period.” It is the waiting period between the start of origination and closing when consumers can incur undisclosed debt or new trade lines that increases their debt-to-income (DTI) ratio. As a result, this can jeopardize closing. Here we will share why undisclosed debt is a big industry issue. We will then offer best practices for addressing undisclosed debt within a tech-forward, digital origination strategy.

When it comes to undisclosed debt, three percent is an important number. A mere three percent jump in a borrower’s DTI ratio can spark costly loan repurchase demands. The three percent jump will negatively impact a lender's Government-Sponsored Enterprise (GSE) scorecard. It can trigger regulatory action due to non-compliance with ability-to-pay guidelines. Agencies are hyper-aware of the risk potential. This is why undisclosed liabilities are listed as one of the big six areas that lenders must thoroughly check prior to closing.

According to the data, the risk is real. A recent Equifax analysis of 98 million+ mortgage originations between 2010 and 2018 reveals that 4.5% of those borrowers applied for an auto loan during the same month as their mortgage origination. In a separate review of undisclosed debt during mortgage origination, we found that 36% of borrowers who only opened one new trade line during the quiet period increased their DTI ratio by at least three percent.

Apart from skewed DTI ratios, undisclosed debt can point to an increased risk in fraud. Misrepresented liabilities are causing 23% of loans with mortgage fraud findings, according to Fannie Mae. It also presents operational issues. Undisclosed debt can disrupt mortgage closings, overload underwriting resources, and ruin the customer experience. This will result in delaying or blocking their path to homeownership. Undisclosed debt is an industry issue. It can negatively impact loan pipelines and ultimately a lenders' bottom line.

Today, given the fast-growing shift to digital strategies, lenders have a unique opportunity to reduce risk that comes from undisclosed debt. Automated undisclosed debt monitoring (UDM) tools are available to continuously monitor all loan files in a lender’s pipeline for new tradelines and other changes to a borrower’s credit. UDM triggers daily alerts anytime relevant, new activity is discovered. This gives lenders daily visibility into a borrower’s credit changes. Activity monitored includes new tradelines, new inquiries, balance changes, new late payments, public record bankruptcy and more—from origination through closing. The net-net? No more last-minute surprises right before closing. Instead, lenders can proactively work with borrowers to resolve most issues. This will keep their closings on time and on track.

With UDM alerts, lenders can intelligently prioritize using three categories:

As mortgage banks rapidly adopt digital processes to achieve better efficiency, cost savings and customer experiences do not forget about the “quiet period.” Instead of getting blindsided at closing, integrate undisclosed debt monitoring technology, for clear visibility into borrower credit files. Daily alerts can help lenders streamline required underwriting tasks and optimize their resources. As an end result, lenders can confidently close more loans faster and with less risk.

Contact us today. Learn how Equifax Undisclosed Debt Monitoring can be used as a standalone digital service or integrated into your technology platform.