The focus on technological improvements has greatly impacted on the performance and growth of GreenSky Credit Firm. This is an organization based in New York that aids other credit firms in their lending operations by offering them financial and technological support. Recently, GreenSky has launched an online platform that has turned tables for both the borrowers and the financial institutions. This platform has ensured that the process of loan application has is smooth and also efficient. The efficiency features through the time used to complete theapplication process. Customers can fill in the application details and get their loans approved within seconds.
Paperwork and movements of the loan applicantshave also been alleviated by the platform, by ensuring that the application can be made through the computers or even at the comfort of the applicants’ smartphones. All the customers are required to do is to get into the GreenSky Credit website and fill in their personal and loan credentials. They are then required to submit the applications, which are then remitted to the credit facility from which the customer is borrowing. Then the financial institution reviews the details and either approves or declines the application. Once the application has been approved, a process that takes few seconds, the funds are processed by GreenSky Creditand remitted to the borrower’s account within the following forty-eight hours.
The main reason behind the success of GreenSky Credit is the leadership pillar that the company possesses. Led by the organization’s President, David Zalik, the employees of the company have been trained to establish and nurture professional business relationships with theinterested financial organizations. As a result, GreenSky Credit has entered into partnerships with many financial institutions in the country, which it has leveraged to increase its clientele base. GreenSky Credit has used this approach for years since it was established and it has proved to be quite fruitful in a myriad of ways. One of the ways that the company has realized the fruition of the approach is by the rapid growth of its valuation figure. At the end of last year, Zalik David, the CEO and President of the firm was happy to announce the company’s worth of $3.5 billion after valuation.
Whistleblowing has often been considered ethical under many circumstances. For instance, if the company is going to harm the public, a whistleblower comes in handy to educate the people and issue negated reports with the intention of arresting the management. Also, when the immediate supervisor of the employee does not come forward with the report, it becomes the responsibility of the whistleblower to report the issues. That brings you to Sahm Adrangi.
Sahm Adrangi is the head cheerleaderof Kerrisdale Capital Management. He established the company in 2009. But before that, he was employed as an analyst by the Deutsche Bank. He then joined Chanin Capital Partners where he served as an analyst in bankruptcy. He later joined Longacre Fund Management as an analyst as well. Here, he oversaw distressed debt fund. At the same time, he became prominent for publishing research on finance. Today, he is a prominent whistleblower who exposes fraudulent companies. The companies he first exposed include China Marine Food Group, China-Biotics, andLihua Internationalamong others. Additional Chinese targets have been charged by the SEC.
Duties and Roles
Since the establishment of Kerrisdale Capital Management, Adrangi has worked hard to develop the firm’s portfolio. What he started with about $1 million has now become worth $150 million. In his tenure, the company has conducted various researches on companies as well as industries. Currently, Sahm Adrangi has shifted his focus towards biotechnology where the company capitalizes on emerging companies likePulse Biosciences, and Zafgen, among others. Other than that, Kerrisdale Capital Management also focuses on exposing companies that offer false data on stocks, and telecommunication.
Recently, Sahm Adrangi issued a report on St. Joe Company. According to the $1 billion firm that deals with real estate, there are hopes to change desolate land adjacent to the Panama City into a major attraction site for retirees. However, according to Adrangi, this is highly unlikely. He reiterates that the firm’s financial position cannot sustain the project. He also adds that Joe will have to assume more than 2,000 home sites. While that is what Joe claims to have achieved, Sahm Adrangi and his team are sure that there is no progress. In fact, the company has not achieved half of what it claims.