Accounting, finance and management 193160010 Assignment 2: Atlanta Home Loan Group B7 s1136011 - Reshma Bhansing s0132764 - Paul Franken s0167290 - Quirijn van Hengstum Atlanta Home Loan In 2002 Al Fiorini started its mortgage lending company in Atlanta, Georgia, Atlanta Home Loan or AHL as it named. Al Fiorini had a lot of experience in the mortgage industry and this led to a fast growing organization in the first few
Case --- Atlanta Home Loan 1. Identify the controls that Al Fiorini implemented to manage his business (both before and after he went back to school). Classify each control as a results, action, or personnel/cultural type control. a. Before Al went back to school •Result Controls: ① Telemarketers were paid a combination of an hourly wage plus a performance bonus ($10.00) for each lead produced. ② AHL paid the loan officers 40% of total loan revenue on loans that AHL originated, and 60%
Things didn’t go the way that Al planned after he went back to school for his MBA in Los Angeles. He’s losing control of AHL he created and in dilemma of what he should do to save the business he started. There are some issues that throw the company off the track. First, he left 4 signed blank checks before he left for the school. Even though he instructed the assistant not to use without his permission this has left loopholes in action control. Second, even though he’s monitoring the employees
Case Atlanta Home Loans Study:1) Controls that were implemented before going to school:§ Results controls- Al paid telemarketers a performance bonus for each lead produced. Such an incentive motivated employees to generate, on average, four new leads per person per day. The loan officers would receive 40% of the total revenue that AHL originated and an extra 60% on loans they originated by generating their own leads. Such performance measures focus on the output of the employee and so are results
bank fraud, wire fraud, mail fraud, identity theft, fraudulent use of social security numbers, money laundering, obstruction of justice and perjury arising out of her involvement with a mortgage fraud ring that flipped more than one hundred homes in Atlanta, Georgia. Seventeen of her nineteen co-defendants testified against her at the trial. During the sentencing hearing, Judge Thrash noted that mortgage fraud is a very serious problem and that McFarland's conduct had victimized banks, mortgage
Running Head: Georgia Supply and Demand for Homes 1 Georgia Supply and Demand for Homes Name Course I.D. Instructor Date Georgia Supply and Demand for Homes 2 Thesis The supply and demand for homes in Georgia has not been at equilibrium for many years. There are many factors that may have contributed. Unemployment has been at it highest in Georgia for the past decade. Has the increase of unemployment affected the demand for homes in Georgia? Mortgage interest rates have fluctuated
standards and low interest rates, many regions of the country saw very little growth during the "bubble period". Out of 20 largest metropolitan areas tracked by the S&P/Case-Shiller house price index, six (Dallas, Cleveland, Detroit, Denver, Atlanta, and Charlotte) saw less than 10% price growth in inflation-adjusted terms in 2001–2006.[65] During the same period, seven metropolitan areas (Tampa, Miami, San Diego, Los Angeles, Las Vegas, Phoenix, and Washington DC) appreciated by more than 80%
I chose the business plan for Zara’s Restaurant in Midtown Atlanta. Zara’s is an ethnic restaurant that includes menu items from various ethnicities. They serve Spanish, Thai, Indian, American and more. It will contain a contemporary feel and is geared more toward an adult demographic. They will focus on exceptional customer service, good food, and an innovative contemporary environment as the keys to Zara’s success. They will also have a steady focus on employee retention. They know this will help
romantic, and short/travel packages to people in Georgia, specifically in the greater Atlanta area. An opportunity for CIT’s success exists because the national tourism and travel industry is growing at 14%, and adventure travel at 10% annually. Further, the Atlanta adventure travel market is growing at least 12% annually and there are no providers who specialize solely in economical adventure travel in the greater Atlanta area. CIT poised to take advantage of this growth and lack of competition with experience
AMERICA’S BEST MORTGAGE Place Stamp Here PURCHASE • REFINANCE • FORECLOSURE PREVENTION A $3 Billion Welcome Mat Marks’ Group lands huge mortgage s pact with Bank of America The Atlanta Journal Constitution www. .COM Terms of New NACA Loan Program Unbelievable Good LOWEST INTEREST RATE (For current rate visit: www.naca.com) TO: www.naca.com NACA: NACA is a national non-profit community advocacy and mortgage brokerage organization. NACA is widely recognized