A bank wanted to explore the possibility of making the leap from Best Efforts to Mandatory Deliveries but didn’t have anyone with the expertise to guide the company in this area.
Globalise provided a financial and operational analysis manager with more than 27 years of experience in the banking industry. This manager had extensive background in mortgage banking, primarily in secondary marketing activities, and had run the Mandatory function at another bank during her career.
Our manager built a process for the bank to convert the sale of mortgage loans from Best Efforts to Mandatory, indentifying risks and controls, documentation needs and more. Along with developing this function within the bank, our manager trained the bank’s staff so that full advantage of this capability would be realized. In doing so, our manager helped the bank increase the profitability of its mortgage business.