Millennial Milestones is a document that outlines a proposal for helping recent college graduates prepare for and buy their first home. It discusses the challenges millennials face in Hawaii's expensive housing market and lack of knowledge about mortgages. The proposed solution is a mobile app and website that provides tools and resources to guide users through the three phases of saving money, starting their career, and beginning the home buying process. The benefit to Bank of Hawaii would be attracting more young customers and sales.
Webinar: Helping people transition onto Universal CreditPolicy in Practice
Organisations tasked with delivering frontline support are fine tuning action plans to help prepare people ahead of the full service roll out of Universal Credit, which is set to accelerate this October.
Local authorities and housing associations can learn from peers who have already moved on to Universal Credit full service. Understanding the operational challenges faced during the transition period, and the strategies employed to deal with them, could make all the difference to a successful roll out.
Guest speakers from Aster Group housing association and Croydon Council shared how they've helped their customers move over to full service Universal Credit and how Policy in Practice's Benefit and Budgeting Calculator has helped.
For further information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
The document outlines a 6-week culinary entrepreneurship program held in January-March 2016. It consists of weekly 8-hour face-to-face sessions on topics like concept development, marketing, and operations. There are also weekly online modules and assignments to submit portions of a business plan. The program helps students develop a new food business concept, create a marketing plan, build financial projections, and pitch their plan to industry experts in a final presentation session.
Homeowners in Distress: Preventing Foreclosuressondramilkie
1) The document discusses strategies to prevent homeowner foreclosures, including educational materials, counseling programs, and policy approaches.
2) It provides data on foreclosure rates in Wisconsin counties and discusses the financial and emotional toll of foreclosure on homeowners.
3) In Dane County, a task force was formed with various groups to develop coordinated prevention, intervention, and stabilization efforts like workshops, a mediation program, and identifying neighborhoods impacted by many foreclosures.
This document provides information about paying for college, types of financial aid, the financial aid process, managing credit cards, credit reports and scores, budgeting, and benefits programs. It discusses the average costs of attending public and private colleges, the types of financial aid including loans, grants, scholarships, and work study. It also outlines the eligibility requirements for federal aid and the steps to complete the FAFSA form. The document provides tips for managing credit cards, understanding credit reports and credit scores, calculating net worth, creating a budget, budget tips, and information on benefits programs in Texas.
Intro to Clean Energy Finance: BGI MBA Guest LectureAvrum Jacobson
Avi Jacobson introduces himself as the senior sustainable energy coordinator at the Washington State Housing Finance Commission. He helps finance renewable energy and energy efficiency projects and provides policy advice, consulting, and matchmaking services. Jacobson's presentation covers lessons from the Commission's sustainable energy program, including identifying the sustainability issue being addressed, the related business problem, who is affected, developing a business model, and establishing a finance structure using mechanisms like debt, equity, and public-private partnerships. The goal is to help attendees understand Jacobson's role and background and think through approaches for developing clean technology businesses.
The document outlines a financial planning workshop that covers key retirement planning topics like net worth, cash flow, emergency funds, retirement goals, income needs, Social Security, and General Board retirement benefits. It provides tools and resources for participants, including the EY Financial Planner Line for objective financial advice. The workshop guides participants through a 6-step retirement planning process of determining goals, needed income, available resources, identifying gaps, solutions to address gaps, and how to stay on track. It emphasizes developing a retirement picture and using calculators to understand future savings needs and the impact of inflation.
Webinar: Helping people transition onto Universal CreditPolicy in Practice
Organisations tasked with delivering frontline support are fine tuning action plans to help prepare people ahead of the full service roll out of Universal Credit, which is set to accelerate this October.
Local authorities and housing associations can learn from peers who have already moved on to Universal Credit full service. Understanding the operational challenges faced during the transition period, and the strategies employed to deal with them, could make all the difference to a successful roll out.
Guest speakers from Aster Group housing association and Croydon Council shared how they've helped their customers move over to full service Universal Credit and how Policy in Practice's Benefit and Budgeting Calculator has helped.
For further information visit www.policyinpractice.co.uk, email hello@policyinpractice.co.uk or call 0330 088 9242.
The document outlines a 6-week culinary entrepreneurship program held in January-March 2016. It consists of weekly 8-hour face-to-face sessions on topics like concept development, marketing, and operations. There are also weekly online modules and assignments to submit portions of a business plan. The program helps students develop a new food business concept, create a marketing plan, build financial projections, and pitch their plan to industry experts in a final presentation session.
Homeowners in Distress: Preventing Foreclosuressondramilkie
1) The document discusses strategies to prevent homeowner foreclosures, including educational materials, counseling programs, and policy approaches.
2) It provides data on foreclosure rates in Wisconsin counties and discusses the financial and emotional toll of foreclosure on homeowners.
3) In Dane County, a task force was formed with various groups to develop coordinated prevention, intervention, and stabilization efforts like workshops, a mediation program, and identifying neighborhoods impacted by many foreclosures.
This document provides information about paying for college, types of financial aid, the financial aid process, managing credit cards, credit reports and scores, budgeting, and benefits programs. It discusses the average costs of attending public and private colleges, the types of financial aid including loans, grants, scholarships, and work study. It also outlines the eligibility requirements for federal aid and the steps to complete the FAFSA form. The document provides tips for managing credit cards, understanding credit reports and credit scores, calculating net worth, creating a budget, budget tips, and information on benefits programs in Texas.
Intro to Clean Energy Finance: BGI MBA Guest LectureAvrum Jacobson
Avi Jacobson introduces himself as the senior sustainable energy coordinator at the Washington State Housing Finance Commission. He helps finance renewable energy and energy efficiency projects and provides policy advice, consulting, and matchmaking services. Jacobson's presentation covers lessons from the Commission's sustainable energy program, including identifying the sustainability issue being addressed, the related business problem, who is affected, developing a business model, and establishing a finance structure using mechanisms like debt, equity, and public-private partnerships. The goal is to help attendees understand Jacobson's role and background and think through approaches for developing clean technology businesses.
The document outlines a financial planning workshop that covers key retirement planning topics like net worth, cash flow, emergency funds, retirement goals, income needs, Social Security, and General Board retirement benefits. It provides tools and resources for participants, including the EY Financial Planner Line for objective financial advice. The workshop guides participants through a 6-step retirement planning process of determining goals, needed income, available resources, identifying gaps, solutions to address gaps, and how to stay on track. It emphasizes developing a retirement picture and using calculators to understand future savings needs and the impact of inflation.
The document summarizes user research conducted on the sign-up process for a donations platform called Change Donations. 8 participants completed a questionnaire, user testing of the prototype, and interview. The research aimed to understand if the sign-up process was clear, if users trusted the process, and if they were inclined to sign up. Key findings showed that participants understood the concept but lost trust when asked to log into their bank accounts on the Change Donations website. Recommendations included providing more information upfront and allowing alternative donation methods besides entering banking credentials.
Nicole Haverly 2016 CUES Next Top Credit Union Exec PresentationCUES Emerge
Nicole Haverly is a 30-year-old Senior Portfolio Manager of Affinity Plus Federal Credit Union ($1,839M) in Saint Paul, Minnesota, United States.
This is her Finalist presentation that she gave in Savannah, Ga. as part of the 2016 CUES Next Top Credit Union Exec competition.
1. CBA can provide a base-case scenario and conduct partial sensitivity analysis to test assumptions and increase confidence in results.
2. CBA can perform break-even analysis, best- and worst-case scenarios analysis, and Monte Carlo analysis to show the range of possible outcomes and that results are not guaranteed.
3. CBA can present benefits that accrue to different stakeholders like taxpayers, victims, and society separately to show who benefits.
4. Multiple CBAs can provide a menu of options and costs/benefits for each alternative to show what policymakers are choosing between.
Another version of Content & Cash, Melissa Rach's talk on establishing the value of content first delivered in 2012. This version was done for the CIDM Best Practices conference in Washington in Stevenson, Washington.
Universal Credit: Protect rental income and support tenantsPolicy in Practice
The document summarizes a conference presentation about the impact of Universal Credit on tenants and housing associations. The presentation discusses how Universal Credit has led to increased rent arrears for many tenants. It provides data on the percentage of tenants experiencing arrears and debt after claiming Universal Credit. The presentation also discusses challenges tenants face in managing their Universal Credit claims and how housing associations are addressing these challenges. It encourages collaboration between housing associations and the Department for Work and Pensions to better support tenants.
2022 NAR Profile of Home Buyers and SellersTom Blefko
The North Pointe Office of Berkshire Hathaway HomeServices Homesale Realty's sales meeting on March 7, 2023, covering the following topics: 1. VIP vendor Next Door Photos, 2. 2022 North Pointe Award Winners, 3. Upcoming Virtual Training Sessions, 4. Foreclosure Headlines, 5. 2022 NAR Profile of Home Buyers and Sellers.
Learn more about Innoweave, an initiative of the J.W. McConnell Family Foundation and Social Innovation Generation, that provides community sector leaders with new tools and processes to affect large-scale change. Learn about the webinars, workshops, coaching and grants that Innoweave offers to help you implement approaches such as developmental evaluation, social enterprise, social finance, impact and strategic clarity, collective impact, outcomes finance and cloud computing.
Webinar slides: Practical ways to help vulnerable households deal with debtPolicy in Practice
Policy in Practice’s analysis estimates that the average hit faced by low income households, on top of existing pressures, will be over £40 per week by 2020. More households are now ‘can’t pay’s rather than ‘won’t pay’s.
Income collection teams have a responsibility to help both their clients and their customers, both of whom are feeling the pinch. As an ethical enforcement agency, Phoenix recognises that they can support people by helping them to better understand their financial position and find ways to increase income and lower expenditure, prior to enforcement action.
Using Policy in Practice’s Benefit and Budgeting Calculator they are bringing welfare support together, around the customer. Early results after 4 months are extremely promising.
For more details visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk.
Legal aid lawyers spend hours providing clients with valuable self-help legal advice. What happens to that advice? What results are achieved? This session explores Atlanta Legal Aid Society’s (ALAS) experience building an extensive follow up pro bono project that provides additional assistance to clients and collects legal outcomes, using modifications to its Legal Server database. It will be of particular interest to organizations that work with legal Hotlines, utilize senior volunteer attorneys or would like to leverage brief service and advice on a variety of legal topics. Such a project could be replicated in urban legal aid offices with high volume, or in more rural areas. Participants will learn how to document and enhance the value of advice and brief service pro bono, identify core elements to establishing a sustainable follow up project, and discuss key stakeholders, important to creating a larger scale, long term follow up project.
The document discusses a mortgage acceleration program called the Net Worth Account that aims to help homeowners pay off their mortgages faster and save on interest. It works by using a home equity line of credit or similar account to make extra principal payments on the mortgage. On average, homeowners who use the program can save over $45,000 in interest and pay off their 30-year mortgage in under 11 years. The program is administered through a web-based software service that optimizes payments to maximize interest savings over time.
Webinar: Understand how Universal Credit affects Council Tax Reduction SchemesPolicy in Practice
The document summarizes a presentation about how Universal Credit affects Council Tax Reduction Schemes. The presentation discusses trends in Council Tax reduction since 2013, how Universal Credit impacts schemes and objectives. It also outlines Wolverhampton City Council's scheme and four approaches to modeling scheme changes. The presentation aims to help councils understand how to design schemes that align with Universal Credit while meeting objectives like cost reduction and work incentives.
Dowell Management created this presentation to serve as a snapshot of the data found in both the MACE Compensation Survey (2012) and MACE Operations Survey (2013).
Working in a Changing Market - How to keep your sanity when those around you ...Tom Blefko
The North Pointe Office of Berkshire Hathaway HomeServices Homesale Realty's sales meeting covering the following topics: 1. FHA guidelines, 2. Pros and cons of solar panels, 3. The Great Convergence in the insurance industry, 4. How to submit a HUD offer, 5. The rise of Homes.com, 6. Homesale Center has moved to the RESource Center, 7. The use of SOCI in your social media posts, 8. Working in a Changing Market.
Gen Y ROI - Credit Union Strategies that WorkJoshua Jones
The document discusses strategies for credit unions to better serve and retain young adult members aged 16-35. It emphasizes the importance of understanding the needs and life stages of local young adults, bundling products and services accordingly, and having a strong online presence. Creative messaging and advocacy are key to competing against larger banks. The strategies highlighted include segmenting members, focusing on financial education and bundling products around life events like getting a first car or home.
Universal Credit is a new benefit being introduced by the Government, replacing six existing benefits and providing a monthly payment to households. It is the biggest current threat to landlord income. Its rollout is slow, and this allows housing associations the opportunity to prepare for its introduction.
The document discusses a new CPA exam review course that aims to increase first time pass rates through collaborative learning techniques like study groups and gamification, personalized instruction tailored to individual needs, and exam-like content delivered in an engaging "fun" way. It outlines the course's offerings and pricing compared to competitors, and provides financial projections showing strong revenue growth and profitability as more candidates and firms adopt the new approach to CPA exam preparation.
The document proposes a TV show called "Biggest Saver" that would feature families as they work to reduce debt and build savings over 16 weeks. Viewers would be engaged through challenges to reduce expenses in their own lives. The winning family would receive $100,000 deposited into a savings vehicle. Accompanying online tools and financial education would help viewers improve their financial literacy and start saving. The show aims to build financial awareness among millions of households nationwide by highlighting real families' debt repayment journeys.
The document summarizes user research conducted on the sign-up process for a donations platform called Change Donations. 8 participants completed a questionnaire, user testing of the prototype, and interview. The research aimed to understand if the sign-up process was clear, if users trusted the process, and if they were inclined to sign up. Key findings showed that participants understood the concept but lost trust when asked to log into their bank accounts on the Change Donations website. Recommendations included providing more information upfront and allowing alternative donation methods besides entering banking credentials.
Nicole Haverly 2016 CUES Next Top Credit Union Exec PresentationCUES Emerge
Nicole Haverly is a 30-year-old Senior Portfolio Manager of Affinity Plus Federal Credit Union ($1,839M) in Saint Paul, Minnesota, United States.
This is her Finalist presentation that she gave in Savannah, Ga. as part of the 2016 CUES Next Top Credit Union Exec competition.
1. CBA can provide a base-case scenario and conduct partial sensitivity analysis to test assumptions and increase confidence in results.
2. CBA can perform break-even analysis, best- and worst-case scenarios analysis, and Monte Carlo analysis to show the range of possible outcomes and that results are not guaranteed.
3. CBA can present benefits that accrue to different stakeholders like taxpayers, victims, and society separately to show who benefits.
4. Multiple CBAs can provide a menu of options and costs/benefits for each alternative to show what policymakers are choosing between.
Another version of Content & Cash, Melissa Rach's talk on establishing the value of content first delivered in 2012. This version was done for the CIDM Best Practices conference in Washington in Stevenson, Washington.
Universal Credit: Protect rental income and support tenantsPolicy in Practice
The document summarizes a conference presentation about the impact of Universal Credit on tenants and housing associations. The presentation discusses how Universal Credit has led to increased rent arrears for many tenants. It provides data on the percentage of tenants experiencing arrears and debt after claiming Universal Credit. The presentation also discusses challenges tenants face in managing their Universal Credit claims and how housing associations are addressing these challenges. It encourages collaboration between housing associations and the Department for Work and Pensions to better support tenants.
2022 NAR Profile of Home Buyers and SellersTom Blefko
The North Pointe Office of Berkshire Hathaway HomeServices Homesale Realty's sales meeting on March 7, 2023, covering the following topics: 1. VIP vendor Next Door Photos, 2. 2022 North Pointe Award Winners, 3. Upcoming Virtual Training Sessions, 4. Foreclosure Headlines, 5. 2022 NAR Profile of Home Buyers and Sellers.
Learn more about Innoweave, an initiative of the J.W. McConnell Family Foundation and Social Innovation Generation, that provides community sector leaders with new tools and processes to affect large-scale change. Learn about the webinars, workshops, coaching and grants that Innoweave offers to help you implement approaches such as developmental evaluation, social enterprise, social finance, impact and strategic clarity, collective impact, outcomes finance and cloud computing.
Webinar slides: Practical ways to help vulnerable households deal with debtPolicy in Practice
Policy in Practice’s analysis estimates that the average hit faced by low income households, on top of existing pressures, will be over £40 per week by 2020. More households are now ‘can’t pay’s rather than ‘won’t pay’s.
Income collection teams have a responsibility to help both their clients and their customers, both of whom are feeling the pinch. As an ethical enforcement agency, Phoenix recognises that they can support people by helping them to better understand their financial position and find ways to increase income and lower expenditure, prior to enforcement action.
Using Policy in Practice’s Benefit and Budgeting Calculator they are bringing welfare support together, around the customer. Early results after 4 months are extremely promising.
For more details visit www.policyinpractice.co.uk, call 0330 088 9242 or email hello@policyinpractice.co.uk.
Legal aid lawyers spend hours providing clients with valuable self-help legal advice. What happens to that advice? What results are achieved? This session explores Atlanta Legal Aid Society’s (ALAS) experience building an extensive follow up pro bono project that provides additional assistance to clients and collects legal outcomes, using modifications to its Legal Server database. It will be of particular interest to organizations that work with legal Hotlines, utilize senior volunteer attorneys or would like to leverage brief service and advice on a variety of legal topics. Such a project could be replicated in urban legal aid offices with high volume, or in more rural areas. Participants will learn how to document and enhance the value of advice and brief service pro bono, identify core elements to establishing a sustainable follow up project, and discuss key stakeholders, important to creating a larger scale, long term follow up project.
The document discusses a mortgage acceleration program called the Net Worth Account that aims to help homeowners pay off their mortgages faster and save on interest. It works by using a home equity line of credit or similar account to make extra principal payments on the mortgage. On average, homeowners who use the program can save over $45,000 in interest and pay off their 30-year mortgage in under 11 years. The program is administered through a web-based software service that optimizes payments to maximize interest savings over time.
Webinar: Understand how Universal Credit affects Council Tax Reduction SchemesPolicy in Practice
The document summarizes a presentation about how Universal Credit affects Council Tax Reduction Schemes. The presentation discusses trends in Council Tax reduction since 2013, how Universal Credit impacts schemes and objectives. It also outlines Wolverhampton City Council's scheme and four approaches to modeling scheme changes. The presentation aims to help councils understand how to design schemes that align with Universal Credit while meeting objectives like cost reduction and work incentives.
Dowell Management created this presentation to serve as a snapshot of the data found in both the MACE Compensation Survey (2012) and MACE Operations Survey (2013).
Working in a Changing Market - How to keep your sanity when those around you ...Tom Blefko
The North Pointe Office of Berkshire Hathaway HomeServices Homesale Realty's sales meeting covering the following topics: 1. FHA guidelines, 2. Pros and cons of solar panels, 3. The Great Convergence in the insurance industry, 4. How to submit a HUD offer, 5. The rise of Homes.com, 6. Homesale Center has moved to the RESource Center, 7. The use of SOCI in your social media posts, 8. Working in a Changing Market.
Gen Y ROI - Credit Union Strategies that WorkJoshua Jones
The document discusses strategies for credit unions to better serve and retain young adult members aged 16-35. It emphasizes the importance of understanding the needs and life stages of local young adults, bundling products and services accordingly, and having a strong online presence. Creative messaging and advocacy are key to competing against larger banks. The strategies highlighted include segmenting members, focusing on financial education and bundling products around life events like getting a first car or home.
Universal Credit is a new benefit being introduced by the Government, replacing six existing benefits and providing a monthly payment to households. It is the biggest current threat to landlord income. Its rollout is slow, and this allows housing associations the opportunity to prepare for its introduction.
The document discusses a new CPA exam review course that aims to increase first time pass rates through collaborative learning techniques like study groups and gamification, personalized instruction tailored to individual needs, and exam-like content delivered in an engaging "fun" way. It outlines the course's offerings and pricing compared to competitors, and provides financial projections showing strong revenue growth and profitability as more candidates and firms adopt the new approach to CPA exam preparation.
The document proposes a TV show called "Biggest Saver" that would feature families as they work to reduce debt and build savings over 16 weeks. Viewers would be engaged through challenges to reduce expenses in their own lives. The winning family would receive $100,000 deposited into a savings vehicle. Accompanying online tools and financial education would help viewers improve their financial literacy and start saving. The show aims to build financial awareness among millions of households nationwide by highlighting real families' debt repayment journeys.
3. Problem
College students don't think about mortgage and lack
information and knowledge of what to do or where to start.
Solution
Provide recent graduates with the resources, knowledge,
and support in order to plan for buying a home.
Problem & Solution
Problem
Statistics
Solution
Benefit to BOH
Internship Experience 3
4. Significance
4
“It is too expensive to live here in Hawaii and there aren’t
many good opportunities, you have to move to the
Mainland.”
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
5. Hawaii At a Disadvantage
5
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
3rd 1st
22nd
6. Hawaii At a Disadvantage
6
Honolulu, Hawaii
• $431,000
Seattle, Washington
• $313,300
New York City, New York
• $263,400
Phoenix, Arizona
• $172,800
Pittsburgh, Pennsylvania
• $85,500
Seattle, Washington
• $36 ,854
New York City, New York
• $35,896
Pittsburgh, Pennsylvania
• $30,780
Honolulu, Hawaii
• $30,366
Phoenix, Arizona
• $19,833
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
1
2
3
4
5
1
2
3
4
5
8. Mortgage Payment vs Rent Payment
8
Rent Payments
• Not fixed payment
• Median 2-Bedroom Condo
Payment:$1,448.00
Mortgage Payments
• Condo Price: $431,200
• 20% Down: $86,240
• Loan Amount: $344,960
• Interest Rate: 3.25%
• Length: 30 year
• Payment: $1,501.29
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
9. Renting vs Owning
Renting Pros
• No down payment
• No maintenance
expenses
• No property tax
• Not 100%
committed to the
property
Renting Cons
• Risk of increase in
rent
• No equity
Problem
Statistics
Solution
Benefit to BOH
Internship Experience 9
10. 10
Renting vs Owning
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
Owning Pros
•Build equity
•Pride of home-
ownership
•Freedom to do
what you want on
your own property
Owning Cons
• High cost of
ownership
11. Mortgage Payment vs Rent Payment
11
Rent Payments
• No fixed payment
• Median 2-Bedroom Condo
• Payment: $1,448.00
Mortgage Payments
• Condo Price: $431,200
• 20% Down: $86,240
• Loan Amount: $344,960
• Interest Rate: 3.25%
• Length: 30 year
• Payment: $1,501.29
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
12. 12
APR as of 7/26/16
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
Citi 3.710%
Bank of America 3.685%
Wells Fargo 3.684%
Chase 3.466%
CPB 3.431%
First Hawaiian 3.430%
BOH 3.411%
13. Monthly Payments for Mortgage
13
20% Down
Payment
Condo Price: $431,200
Down Payment: $86,420
Loan Amount: $344,960
Interest Rate: 3.25%
Monthly Payment: $1,501
10% Down
Payment
Condo Price: $431,200
Down Payment: $43,120
Loan Amount: $388,080
Interest Rate: 3.375%
Monthly Payment: $1,716
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
17. Phase 1- Saving Money and Building Credit
17
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
18. Phase 1- Saving Money and Building Credit
18
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
19. Building Credit
19
5 C's of
Credit
Character
Capacity
CapitalCollateral
Conditions
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
20. Phase 1- FICO Credit Score
20
FICO
Credit
Payment
History
Amounts
Owed
Length of
History
New
Credit
Types of
Credit
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
21. Phase 2- Start Career
21
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
22. Phase 2- Start Career
22
– Bonus rate savings plus
– Open another credit card (mileage) establish more credit
– Mortgage seminars, free meeting with mortgage officer
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
23. Phase 3- Begin Home Buying Process
23
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
24. Phase 3- Begin Home Buying Process
24
– Pre-approval pre-qualified
– Setting aside money for down payment
– Setting budget of house
– Figuring out location of house
– Meeting with loan officer figuring out unforeseen cost
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
26. Survey
26
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
68% had little to no knowledge about mortgages
84% would download a mortgage app
98% will find it somewhat to very helpful
62% would use the app once or more a month
Feedback: video tutorials, monthly payment calendar,
budget/ money management planner
(100 people surveyed)
28. Purpose of App
28
Features:
• Videos
• Newsroom/
Search
• Messages
• Profile
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
29. Perks of App
29
• Only shows budget planner if a Bank of Hawaii member
Able to reach everyone
• Active User for 4 years
Lower Points
• New Videos
• Time for Next Phase
Notifications
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
33. How to Market
Social Media and Alternative Channels
• Expand potential market
FiNAP Current customers
• Understand current and future needs
College Campuses
• Reach target market
33
Problem
Statistics
Solution
Benefit to BOH
Internship Experience
34. Benefit to Bank of Hawaii
More
Business &
Sales
Pipeline
Public
Relations
Better for
Community,
Better for
Hawaii
Problem
Statistics
Solution
Benefit to BOH
Internship Experience 34