McBride Financial Services

Essay by tcfearsCollege, UndergraduateA-, August 2009

download word file, 4 pages 0.0

Mr. Hugh McBride started McBride Financial Services with the thought in mind of specializing in one stop shopping for first-time buyers and problem credit clients. McBride Financial Services decided to open its home office in Boise Idaho which is a first for that region; the offices will also have kiosk where the client will be able to serves themselves. This approach is a first of its kind in this region, which gives Mr. McBride a great head start on anyone else thinking of branching into this area.

McBride Financial Services is a start-up regional mortgage lender headquartered in Boise, Idaho. The requester is Hugh McBride who is also the founder/owner of the company. The firm will specialize in conventional, FHA, and VA loans for purchasing and refinancing.

There is no Sponsor yet Hugh McBride is the only stakeholders because McBride is a privately owned company. The Main office will be placed in Boise Idaho, due to where the other six offices will be placed.

The other to be opened after the first two are opened in Idaho are as follows; one in Montana, two in Wyoming, two in North Dakota, and one in South Dakota (Rapid City) which happens to be the capitol of South Dakota(South

Each office will have two to three brokers, brokers will work on commission and provide own laptop computers. Company will provide networks, internet access, printers, fax and telephones for each office. Each location will have experienced receptionist working eight to five Monday thru Friday to assisted clients that may have questions or problems with one of the kiosk that are placed in the office. The other office's once they are up and running will have three brokers and two administration assistance to handle office duties. The loan decisions will be...