Top tips for effective communication. Use clear language: Avoid jargon and tailor your language to your patientsâ understanding and information needs. Be conscious of your non-verbal communication: It is important to maintain eye contactâreading notes or looking at the computer screen may convey negative messages.
In June, Accredited Home Lenders asked to sell the mortgage servicing platform to Vericrest for $250,000. Vericrest is owned by private equity manager Lone Star Funds, which acquired Accredited Home Lenders in 2007 for $296 million. The deal was criticized by creditors, including JPMorgan Chase Bank NA and two structured investment vehicles owned by Kodiak Funding LP, which tried to block the sale.
Covenant's financial problems date back to its days as Community Bank of Lawndale (CBL). CBL faced closure in late 2002 before it was bought by South Side-based International Bank of Chicago, an Asian-owned entity, for $2.5 million. Covenant's new owners, Liberty Bank and Trust Co., has been around since 1972 and is one of the country's three largest black-owned financial institutions.