North West Constructive Bank Center 2 . North West Constructive

Furthermore, the need to recall certain customers increased the overall process duration. As a result, many potentially qualified customers are lost due to self-withdrawal. Second, we’ve concluded the underwriting process is the bottleneck of the entire operation. Currently, it takes an average of 40.5 minutes per application to be put through. By comparing the inflow and outflow numbers, the yield/throughput results to .33. Two factors contribute to the low yield rate. 1) As mentioned earlier, 14.6 of the 100 inputted applicants withdrew their applications due to the process duration. 2) Of the remaining applications, 52 of the 100 inputted applicants were rejected because they were not qualified. Lastly, looking into the quality assessment procedure, no additional work value is added to the application. However, accurate information is vital before the application is passed through. The two associates in this step create a supply constraint for the overall process. This is evident in that the implied utilization measures 1.08, meaning the two associates cannot complete all tasks.

This problem cannot be easily fixed. In order to fix it, we will need not just

The regulation that I have chosen for this paper is amendment in the Regulation X i.e. “Real Estate Settlement Procedures Act” and Regulation Z which is for “Truth in Lending”, for establishing the new disclosure requirements and forms in Regulation Z for the most closed-end consumer credit transactions secured by the real property. This regulation is controlled by the Bureau of Consumer Financial Protection. The role of the Consumer Financial Protection Bureau (CFPB) is to provide consumers information related to the terms of their agreements with financial companies during their application for a mortgage, choosing among credit cards, or using any number of other consumer financial products. The mortgage market is the single largest market for the consumer of financial products and the services in the United States, with approximately $10.4 trillion in loans outstanding. Since last decade, market went through an unprecedented cycle of the expansion and the contraction that was fuelled in the part by securitization of mortgages and the creation of increasingly sophisticated derivative products. This led to the collapse of financial system in 2008 and sparked the most severe recession in United States.

Those involved in the mortgage lending process have some duty to the borrower. They are expected to perform their specific duties in an ethical manner and have some form of direct or indirect contact with the

A topical listing of the cases is presented with the case and solution following the listing.

This Report is for the use only of the party/s to which it is addressed for first mortgage purposes only and is not to be used for any other purpose. No responsibility is accepted or undertaken to third parties in respect thereof. No responsibility is accepted or undertaken in the event that the party/s to which it is addressed use this Report for any other purpose apart from that expressly outlined above.

What are the different opinions about the actual issue or how to solve the issue?

First, I am going to tell what the problem is. Then, I will tell you some effects of it. Finally, I will tell you the best solution to overcome this problem.

We often come across applications that don’t look well put together, and some applications just look too squeaky clean. If there aren’t any false we assume there is a lot of false information in that application. As a loan officer you have to make decisions that are reasonable. Making decisions means weighing information and coming to some conclusion that we feel will maximize our outcome (King 2014). A good loan officer shouldn’t just process a loan for the money. We expect to see files that seem reasonable and would help Gateway Group gain a good reputation. There are two types of loan officers, ones who are greedy for money and will take any file without doing research or a loan officer that prefers to do a file the right way without pulling any stings. A business profession should want to be known for having successful and stress-free closings. Anthony takes the time to analyze and help his borrowers complete a pre-approval process. Justin just takes information over the phone and tell applicants that they are pre-approved without submitting an application to underwriting.

First, I would like to present a little background information to present the origins of the current problem transpiring at my university for a better

As the last assignment, this is an integrative case. Please refer to all previous chapters that may be applicable. The case analysis is worth 60 points.

Identify each of the stakeholders and how they are affected. What are the main harms and benefits in this case for the different stakeholders based on the current situation?

Mortgage fraud - Misrepresentation of loan application data and mortgage fraud are other contributing factors. US Department

Brief solution of all problems that is indicated to be occur will be made in advance.

Please use the following questions as guideline to prepare the case: (Follow instructions in outline except those mentioned below..