Atlanta Home Loan

Accounting, finance and be intimatement 193160010 Assignment 2: battle of Atlanta emplacement Loan multitude B7 s1136011 - Reshma Bhansing s0132764 - Paul Franken s0167290 - Quirijn van Hengstum Atlanta interior(a) Loan In 2002 Al Fiorini started its owe lending bon gross ton in Atlanta, Georgia, Atlanta Home Loan or AHL as it named. Al Fiorini had a part of experience in the mortgage industry and this led to a fast growing judicature in the first a couple of(prenominal) years. Due to its preliminary experience, Al was able to establish really profitable relationships with a number of banks which enabled him to dispense mortgages at truly low prices. Because Atlanta was such a big city with severe profession problems, Al and all of its employees were working from their business firms. In 2002 the corporation had already 4 telemarketers and 8 give officers on i ts payroll. To manage his organization Al had some management controls put in up. In this report an assessment is given about these controls and the consequences they had for the company both in the situation where he lived in the comparable with(predicate) area as his employees and where he lived in California.

Part 1: Al lived nearby his employees When Al started his company he worked from his home in Atlanta. He bought his lead from disceptation brokers and gave this proclivity to his telemarketers. The list contained all the important information about the possible clients. The telemarketers would hire for a base salary plus an additional takings for every lead produced t o ensure they would do their best to fail a! s much as mortgages possible. The loanword officers received 40% of the total loan revenue that AHL originated and an extra 60% on loan they originated by generating their own leads. This performance based reward focuses only on the output of the employee and is thus considered to be a result control. The names of the produced leads were then transferred to Al Fiorini, whom distributed these names to his loan officers. These loan...If you want to get a full essay, order it on our website: OrderEssay.net

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