Risk is inherent in any business enterprise. With every deal, there are potential positives and negatives for individuals, departments and the company as a whole. Managing and reducing the impact of these risks is an essential aspect of running a successful business.
For loan originators, the management team has varying levels of control in regard to the unique risks that are associated with the mortgage industry. Some risks can be directly avoided while others can be beyond their control.
While automation software cannot prevent the negative impacts of these risks, it can assist management in anticipating possible risks and their potential impact on the company’s business. With this knowledge, members of the management team can adjust their process or policies to effectively address and mitigate risks.
This eBook covers:
- Keeping up with mortgage marketing compliance
- Steps for tracking business procedures
- Evaluating your business efforts