BUSINESS PROCESS OUTSOURCING

Business Process Outsourcing the Perfect Solution for Your Business?

May 17th, 2010.

Business process outsourcing is one of the most popular and the most cost-efficient business solution that you can ever make. By contracting other companies to do a specific business task, you will be taking off extra work involved in your company and focus more on important aspects in running your business.

By outsourcing your company’s business process or some of your company’s business process, your company will be able to utilize its facilities to its maximum potential. Through business process outsourcing you will be able to cut some operational costs and at the same time, let your company focus more on important factors in running your own business..

Outsourcing’s Next Phase Has Begun

April 2010

Business Process Outsourcing has reached a near-term peak, and meaningful expansion from this point forward will result in higher costs and lower-quality delivery. Business leaders worldwide have been saying such things to one another for months now. Today, we are seeing deliberate action to move capacity from India to next-step destinations like the Philippines, China and Vietnam.

HIGH LEVEL PROCESS FLOW

The SSU will be responsible for obtaining basic mortgage capability criteria and information from the prospect (criteria to be defined by Company- including mortgage amount, interest rate, LTV, annual income, time in residence etc)

The SSU will be responsible for gaining permission and conducting credit checks

The SSU will then counsel/ advise the prospects on loan program options and products that best fir prospect’s criteria (product knowledge to be trained by client)

Upon indication of interest by prospect, the SSU will proceed to intake a mortgage application as per Company guidelines and requirements (all systems to be provided access to by Company)

The SSU will be responsible for completing the application to the guidelines specified by Company (guidelines to be defines – including proof of employment, credit report, signed application etc.)

Upon completion of the application, the SSU will forward the application to Loan Processing at Company and will then act as intermediaries to ensure that all questions are answered and issues are being resolved until loan is processed

If loan is approved, a Company representative will handled the loan closing



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