Foothill Family Receives 2017 Work-Life Seal of Distinction Award

first_img Make a comment 0 commentsShareShareTweetSharePin it Top of the News Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Community News Foothill Family Receives 2017 Work-Life Seal of Distinction Award Foothill Family Recognized for Outstanding Commitment to Employee Engagement From STAFF REPORTS Published on Monday, April 3, 2017 | 11:32 am Your email address will not be published. Required fields are marked * Name (required)  Mail (required) (not be published)  Website  More Cool Stuff HerbeautyWhat’s Your Zodiac Flower Sign?HerbeautyHerbeautyHerbeautyGained Back All The Weight You Lost?HerbeautyHerbeautyHerbeauty9 Of The Best Family Friendly Dog BreedsHerbeautyHerbeautyHerbeautyIs It Bad To Give Your Boyfriend An Ultimatum?HerbeautyHerbeautyHerbeauty15 things only girls who live life to the maximum understandHerbeautyHerbeautyHerbeautyVictoria’s Secret Model’s Tips For Looking Ultra SexyHerbeautyHerbeauty faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,Donald CommunityPCC- COMMUNITYVirtual Schools PasadenaHomes Solve Community/Gov/Pub SafetyPasadena Public WorksPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimescenter_img Community News Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Community News Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Subscribe Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena Foothill Family has been recognized for its outstanding commitment to employee engagement and work-life balance by WorldatWork. The Work-Life Seal of Distinction is a mark of excellence designed to identify organizational success in promoting effective practices to support and maintain the health of its employees.As one of only 160 organizations and companies in North America to be recognized, Foothill Family is honored to be a 2017 recipient of this award for our second consecutive year,” said Steve Allen, Foothill Family chief executive officer. “We are proud to support the mental health of our communities by starting with the health and well-being of our employees, who are the on the front line of caring for children and families in need.”Begun in 2012, the prestigious Seal of Distinction is awarded to companies that meet defined standards of workplace programs, policies and practices weighted on several factors, such as the complexity of implementation, required organizational resources, perceived breadth of access and overall level of commitment from leadership. Applicants are evaluated on:• Health & wellness• Pay for time not worked• Unpaid time off• Retirement• Perquisites• Base pay• Bonus programs• Short-term incentives• Long-term incentives• Performance management• Recognition• Development opportunities• Caring for dependents• Culture initiatives & community involvement• Financial wellness• Workplace flexibility• Workforce experience“We congratulate all of the recipients of the 2017 Seal of Distinction. These recipients represent a wide variety of industries from across the U.S. and Canada, showing that the total rewards model applies to employers and employees everywhere,” stated Anne C. Ruddy, president and CEO of WorldatWork. “This year, we saw the highest number of applicants since the Seal of Distinction was created. I’m confident that this means an increasing number of companies are recognizing the importance of a workplace environment that benefits both the employer and employee.”This year’s recipients represent nonprofit organizations and for-profit companies in industries of education, finance, government, health, law, manufacturing, and pharmaceuticals, and hail from 36 states, the District of Columbia, and Canada. Foothill Family is included in the ranks of awardees including Yale University, Massachusetts Institute of Technology (MIT), UCLA Health and the David Geffen School of Medicine, Centers for Disease Control and Prevention, TD Ameritrade, KPMG LLP, Volvo Group North America, and the US Department of Agriculture.About Foothill FamilyFounded in 1926, Foothill Family provides a range of community-based mental health and social services to at-risk populations in the San Gabriel and Pomona Valleys, Glendale, and Burbank. Its mission, to build brighter futures for children and families, has helped Foothill Family earn a reputation as a leader in providing high-quality services aimed at empowering families and strengthening communities. Programs include mental health services, early child development, school-based behavioral health care, and youth and family services including child abuse prevention and treatment, domestic violence prevention and treatment, services for pregnant teens and their babies, family counseling, and youth development. Last year, more than 24,000 children and their families benefited from Foothill Family’s life-changing programs and outreach. For more information, please call (626) 993-3000 or visit the website at www.foothillfamily.org.About WorldatWorkThe Total Rewards AssociationWorldatWork is a nonprofit human resources association and compensation authority for professionals and organizations focused on compensation, benefits and total rewards. It’s our mission to empower professionals to become masters in their fields. We do so by providing thought leadership in total rewards disciplines from the world’s most respected experts; ensuring access to timely, relevant content; and fostering an active community of total rewards practitioners and leaders. https://www.worldatwork.org/WorldatWork has more than 70,000 members and subscribers worldwide; more than 80% of Fortune 500 companies employ a WorldatWork member. Founded in 1955, WorldatWork has offices in Scottsdale, Ariz., and Washington, D.C., and is affiliated with more than 70 human resources associations around the world. Business News First Heatwave Expected Next Week last_img read more

Federal Financial Agencies Announce Flexibility in Mortgage Servicing Rules

first_img Tagged with: Forbearance Government Servicing Previous: FHFA to Re-Propose Financial Requirements for GSEs Next: How Lockdowns are Impacting Minority Homeowners The Week Ahead: Nearing the Forbearance Exit 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Forbearance Government Servicing 2020-06-15 Seth Welborn Jason R. Bushby and Jonathan R. Kolodziej are partners and Nicole B. Jones is an associate in the Banking and Financial Services Practice Group at Bradley Arant Boult Cummings LLP. Jason can be reached at [email protected] Jonathan can be reached at [email protected] Nicole can be reached at [email protected] Annual Escrow StatementsIn efforts to mitigate the typically high call volume associated with borrower questions surrounding receipt of annual escrow statements, the agencies do not intend to take supervisory or enforcement action against servicers for delays in sending annual escrow statements, as long as servicers make good faith efforts to send the statements within a reasonable time.TakeawaysThe agencies’ release is clearly good – though not necessarily earth-shattering and game-changing – news for mortgage servicers. Based on our review of the agencies’ release, servicers should be mindful of the following takeaways:Although the joint statement provides guidance concerning the CARES Act and notes additional flexibility, it does not impose any new regulatory requirements on servicers. For example, small servicers, as defined by Regulation X, are not subject to many of the requirements in the rules described in the statement. And a servicer does not need to comply with the early intervention requirements of Regulation X if a borrower is not considered delinquent for purposes of those requirements.The statement resolves any lingering questions surrounding the CFPB’s view of what constitutes an incomplete loss mitigation application. In the statement, the CFPB asserts conclusively that, as a part of a servicer’s CARES Act forbearance process, a conversation with a borrower, wherein the borrower expresses interest in a forbearance plan and attests to his or her hardship, constitutes an incomplete loss mitigation application under the rules, triggering additional CFPB notice and process requirements. We have previously encouraged servicers to be mindful in recognizing when verbal borrower assistance requests meet the definition of loss mitigation applications under Regulation X.While the flexibility provided by the agencies is helpful, the agencies do not provide clear guidance as to the manner in which a servicer can take advantage of the flexibility. Put another way, it simply isn’t clear how the CFPB will interpret whether a servicer has made “good efforts” to provide the requisite notice or conduct the requisite action “within a reasonable timeframe.”While the guidance provides relief to servicers concerning agency supervision and enforcement, servicers should be aware it does not address any applicable civil liability attached to violations of the above-mentioned rules. Unless and until the agencies release guidance providing, for example, a moratorium on civil liability provisions, servicers should be aware of the potential litigation risk attached to delaying compliance of certain CFPB notices and processes in accordance with the agencies’ release. Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago The Best Markets For Residential Property Investors 2 days ago in Commentary, Daily Dose, Featured, Government, News Demand Propels Home Prices Upward 2 days ago Sign up for DS News Daily Federal Financial Agencies Announce Flexibility in Mortgage Servicing Rules Demand Propels Home Prices Upward 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Recently, the Consumer Financial Protection Bureau (CFPB), Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office of the Comptroller of the Currency (OCC) and the State Banking Regulators released a joint statement announcing increased flexibility in the agencies’ regulation and enforcement of certain mortgage servicing rules governing borrower communications in response to the COVID-19 emergency. The agencies also provided corresponding FAQs to further clarify the new approach and provide additional guidance to servicers in light of the short-term payment forbearance option included in the recently passed CARES Act.The statement provides the following guidance and flexibility under the rules, effective as of April 3 and until further notice:Acknowledgment NoticesUnder existing Regulation X rules, servicers may offer borrowers short-term assistance without obtaining a complete loss mitigation application. A CARES Act short-term forbearance, which can be obtained solely by request and affirmation of hardship, falls within this category. The statement clarifies that requests for short-term options are considered incomplete loss mitigation applications under the rules and will require the standard acknowledgment notice, which is ordinarily required within five days of receipt of the application (12 CFR 1024.41(b)). The statement clarifies that if a servicer offers or provides a short-term option, agencies “do not intend to take supervisory or enforcement action” against servicers for providing the required notice after the five-day mark, provided the notice is sent before the end of the applicable short-term plan or program period.Loss-Mitigation, Live Contact, and Early InterventionOutside of short-term options, the current rules require that when a borrower submits a standard loss mitigation application, servicers must provide a series of notices at specific intervals. Similarly, for delinquent borrowers, servicers must attempt both live and written contact on a standardized timeline. Concerning those requirements, and regardless of whether borrowers are experiencing hardship, the agencies will provide similar leniency and do not intend to take supervisory or enforcement action against servicers for:Delays in sending certain loss-mitigation notices under Regulation X, including the five-day acknowledgment notice, 30-day evaluation notice, and the appeals notice, as long as the servicer makes a good faith effort to provide the notices and take the corresponding actions required under the rules within a reasonable time (see 12 CFR 1024.41 (b)-(d), (h)(4), and (k));Delays in making or attempting to make live contact with delinquent borrowers as required, as long as servicers make good faith efforts to establish contact within a reasonable time (see 12 CFR 1024.39(a)); andDelays in sending the 45-day written early intervention letter to delinquent borrowers, as long as good faith efforts to provide the notice are made within a reasonable time (see 12 CFR 1024.39(b)). Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago  Print This Post About Author: Jason R. Bushby and Jonathan R. Kolodziej June 15, 2020 11,748 Views Governmental Measures Target Expanded Access to Affordable Housing 2 days ago The Best Markets For Residential Property Investors 2 days ago Related Articles Home / Commentary / Federal Financial Agencies Announce Flexibility in Mortgage Servicing Rules Subscribelast_img read more