Analysis of McBride Financial Services
McBride Financial Services is a regional mortgage company that becomes the most advanced mortgage company in the Midwest. This company gives low cost mortgage services by using the state-of-the art technology to help homebuyers. The McBride also offers conventional, FHA, and VA mortgage loans for the customers who are purchasing or refinancing at the lowest possible rate. In addition, this company provides credit report , home inspection, and an appraisal of $ 1,500.00 for a fixed price for its customers(Apollo 2004).
If I want to have a financial company like McBride Financial Services, I will look for the current market situation because I have to be careful with the financial business. I will get information online and other resources. I will study the other mortgage companies information . In addition, I have to make sure how many people I will need to hire to start my business. And they need to have skill that will help my company. If I need to take some courses to learn more about the business, I will do it to understand the concept of my market plan. Then I will plan to start establishing my business. When the company is set up, I will provide valuable services to first time buyers, retirees second time buyers and others. For first time buyers, I will give a special discount for them like helping them with closing costs.
In 1859 John D. Rockefeller started one of the greatest monopolies of the progressive era. The Standard Oil Company grew to dominate the oil industry and became one of the first big trust in the United States. In 1870 the Northern Pacific Railway which span from Duluth and St. Paul, Minnesota, to Seattle, Washington and Portland, Oregon.
Finally, I will do a financial forecast in order to figure out firms’ ability to repay its loans. I will use simple percentages-of-sales forecasting technique. I will use existing trends in my forecast to show the implications of current policies before making my own recommendations. During my forecast I will use New Era Partners loan to find out the interest rates. I will make the short-term debt as my plug.
Lowe’s Companies, Inc. is the fourteenth largest retailer in America, and overall the world’s second largest home improvement retailer. They are the 108th ranked corporation on the Fortune 500 top corporations list. With an impressive in store stock of 40,000 home improvement items on hand, ranging from lumber to Home décor items, plus an additional 400,000 home improvement items available through a special order program. Lowe’s provides a onetime stop for all home improvement needs, for both the Do-It-Yourselfer, and the ever-expanding market of the Commercial Business Customer.
"Home Owners Loan Corporation." Next New Deal. Roosevelt Institute, 2014. Web. 16 Mar. 2014. .
A majority of mortgage defaults that Americans used were on subprime mortgage loans, which were high-interest-rate loans lent to people with high risk credit rates (Brue). Despite knowing the risks, the Federal government encouraged major banks to lend out these loans to buyers, in hopes, of broadening ho...
Although their mortgage rates are reasonable, other companies may have better rates available for specific customers. However, for customers with credit issues, Primerica's policies are right in line for these clients as well as clients looking to invest in and develop a portfolio the "middle market". For these customers, Primerica is a perfect place to begin. However, if you are a relatively well-off investor, Primerica would not be a good recommendation as again, this is not their target
...stances who were trying to make an investment. Nevertheless, he agrees that there are those who used fraud to get the mortgages and should be accused. The article on NewYork Times is written by Michael Corkey who reports that large banks made a big mistake in the already troubled mortgage industry in the US. He writes in response to a report released by a federal regulator.
RBC Financial Group uses a customer relationship management (CRM) strategy that provides a variety of services for a variety of clients. The strategy allows for individual customers to trust RBC and develop a personal relationship with each and every client. One major factor that allows CRM to operate effectively is the use of technologies and analytics to help classify each client’s financial situation. These customer profitability-based techniques allowed RBC to categorize their clients into A, B, and C groups so that the sales teams could optimize their efforts in catering to these different clients. This strategy holds the following strengths: optimizing sales efforts to different customers, easily accessible electronic sales leads, centralized and standardized financial decisions, and building personalized and sustainable customer relationships. There are a few weaknesses to the system though including the complexity in predicting future positions of companies despite the use of analytics as well as the complexity in creating consistency when using these
Butler Lumber Company is looking for more cash due to a fast-paced lumber market and a shortage of funding. Their regular bank, Suburban National Bank, is not willing to expand their exiting loan to an amount greater than $250,000 without securing the loan with real property. Another loan is being offered by a second bank, Northrup National Bank, for $465,000, with the understanding that the previous loan would be rolled into the second. The interest on the new loan would be prime + 2%.
A major funding agency that home buyers should take advantage of is the Federal Housing Administration, also known as the FHA. FHA provides mortgage insurance on housing loans that are funded by FHA approved lenders. The FHA will insure loans on single and multifamily homes located within the U.S. and its territories. The Federal Housing Administration is known worldwide for being the largest insurer for residential loans.
Third Star Financial Services is an “un-banked” business that was built from a foundation of several money transfer operations that can be transact through an agent or an online facility since 1996. Third Star’s goal and objective is to develop and implement an enterprise architecture platform for the organization that is more streamlined and leaned with consistent policies and procedures throughout the company. A consolidated, centralized and standardized single version of the business structure and a modernize technology that can provide ease and flexibilities to their new and existing customers, in addition to their support staff and management teams.
Mortgage loans are a substantial form of revenue for the financial industry. Mortgage loans generate billions of dollars in the financial industry. It is no secret that companies have the ability to make a lot of money by offering a variety of mortgage loan products. The problem was not mortgage loans but that mortgage companies were using unethical behavior to get consumer mortgage loans approved. Unfortunately, the Countrywide Financial case was not an isolated case. Many top name mortgage companies have been guilty of unethical behavior. Just as the American housing market was starting to recover from its worst battering since the Great Depression, a new scandal, an epidemic of flawed or fraudulent mortgage documents, threatens to send not just the housing market but the entire economy back into a tailspin (Nation, 2010).
Shield Financial Management is a large insurance company with a corporate office in New York and four regional offices. The company provides a variety of insurance products for businesses. A case study of Shield Financial Management reveals that the new Des Moines sales manager, Doug, has assigned leads to his sales team. The leads were generated via a lead generation program that had not been used for some time. In this process customers return postcards or send emails to indicate that they would like more information regarding a company’s product or service. Doug re-launched the lead generation program in response to poor results in sales for the first quarter. During a sales meeting Doug has discovered that several members of the team have not followed up on the leads assigned to them. To remedy this issue he has indicated that a standard plan will be developed for the sales team to follow.
Bad Service Experience at Wells Fargo Banking For this assignment, I am sharing the bad service experience I received from the Wells Fargo online banking service. Wells Fargo is the largest bank in the world by market value. It is the fourth largest bank in the U.S. by assets and the largest bank by market capitalization. Wells Fargo launched its personal computer banking service in 1989 and was the first bank to introduce access to banking accounts on the web in May 1995. Wikipedia :
In the year eighteen fifty-two, two men by the names of Henry Wells and William