Mortgage Company - Conclusions & Summary
CONCLUSIONS & SUMMARY
A review of the first several years of National's existence show that it has been very successful in serving customers with less than perfect credit in the Seattle and Spokane markets. Each subsequent year has shown significant improvement in profitability and operational performance.
During the first two years, the company concentrated upon being profitable, building its staff, and equipping its office. National Mortgage is now ready to step up to the next level and utilize economies of scale to make the projected numbers even more striking. It wishes to take its unique concept to a national level by selling franchises to people throughout the country. These franchises would generate loans which would be processed by the main processing center in Seattle.
The projections in this business plan are extremely conservative according to Merrill Lynch and ABC. With their help the chances for continued growth are excellent. Once...
[The entire page is 215 words long]
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