Risk Management Identification and Assessment

Risk Management Identification and Assessment McBride pecuniary Services is a leading provider of low cost owe function using accede-of-the-art technology in the five state areas of Idaho, Montana, Wyoming, North Dakota, and South Dakota. Upon approved credit, McBride Financial Services ordain provide: Credit reports, home inspections, appraisals, and low-rate mortgages (McBride Financial Services, 2005-2011). In this paper, aggroup A will discuss and identify luck cardinal benefits of risk management involving McBride Financial Services. The team will in like manner conduct a risk assessment on McBride Financial Services to show how risk management contributes to shareholder wealthiness maximization. Risk Assessment Benefit 1 To keep up with the eer changing, fast-paced world we live in McBride Financial has obdurate to focus on internet and IT for its mortgage applications. The benefit to this risk is an efficient, easy to use, and more rapid processing of the mortgage applications. When relying to a great extent on the mesh, computers, and IT McBride has to have solid and secure servers, quality Internet connection, computers that are up-to-date, and knowledgeable people to operate the system. If those factors are non up to par the risk would outweigh the benefit of the IT and Internet processes.

Benefits of a strong IT department outweigh the risks that may return up. With a strong IT department security, process times, and overhead are usually at acceptable levels. Security of personal info house be a major risk. If the servers and processors are not secure guests personal information can be stolen. The benefit to this risk for McBride is the ease of access of customer information stored on company serves in one place. McBrides business philosophy is Our Customers will receive the most efficient and effective processing of mortgage applications from inception to closing. Process times are a huge benefit in the mortgage world. The faster a company can... If you want to get a full essay, order it on our website: Ordercustompaper.com

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