Business Plan Analysis-Loan Modification Business



Business Plan - Software, And Strategy

Overview of the Company

The business that we plan to initiate is a loan modification business that from the basic definition might be defined as a business helping the consumers (homeowners) to modify the terms of their borrowing or loan (Department of Banking and Insurance, 2008). Our company will be targeting the mortgage loan consumers, who might be facing the danger of default, by offering modification terms in the existing loans. It will make borrowing more affordable for our potential consumers. We desire to successfully target the potential consumers of credit and loan business; hence, we have tagged our line:

“A place to serve Credit Consumers on relaxed and easy terms”

In the recent few years, the mortgage loan industry of financial services has grown in number with the increased level of demand on domestic as well as international level. Therefore, it is a high time to enter into the loan modification or mortgage modification industry. Every individual wishes to build his or her own home that provides the feel of safety and security and sense of ownership to the owner of the house. We aim to target such consumers by providing them easy loan terms that can help them to make their dreams come true.

Core Competencies and Values

The core competencies of our mortgage service company are as followed:

Our business will be focusing on the homeowners who wish to modify the loan terms of their home. We will offer advanced solutions to our potential consumers by mainly offering the modification in loan terms or the interest rates.

Mortgage Service Company will value its vendors, customers, and suppliers and its business practices will be in aligned with the following business values:

Integrity, Respect and Responsibility: We look to work together with honesty and respect our employee and other people that are involved or connected with Mortgage Service Company. We take our responsibility to offer a reliable and friendly business environment to our customers in order to hear a single line of “We Will Be Back”.

Resources - people: We hire potential and quality resources since out-standing people have tendency to make everything possible and the only resource through which we can lead towards the success. We create healthy energetic and safe working environment for our people.

Excellence Passion: This is infused across our working environment, we think for better and new business solutions and services, innovative, continuous improvement considering last performance (Sellars, 2011).

Services offered by Mortgage Service Company

Mortgage Service Company, we believe in maintaining family relationship with our consumers by assisting them to find a constructive and healthy financial solution to their mortgage problems. We provide the consultancy and fully support our consumers throughout the loan modification process to help them achieve the desired outcomes (Newingham, 2009). We ensure to provide best and suitable mortgage solutions and loan terms to our consumers that can completely address and satisfy their basic needs.

Beside this, we welcome an open and constructive discussion session with our consumers where consumers can easily ...