Report on Finance and Mortgage Broking
Added on 2020-04-15
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FNS40815 CERTIFICATE IV IN FINANCE AND MORTGAGE BROKING – ASSESSMENT TASKSPage 1 CEH InvestmentsMaria Halabi28/9/20171. EXECUTIVE SUMMARYCEH Investments is a mortgage broker company which is committed to providing the best mortgage and lending services. The aim is to keep building client database and have the regular loyal customers. CEH Investments and is a sole proprietorship business owned by Maria Halabi.The business is situated Ontario, Canada with its head office being in Toronto City. The city is aprime location for the business headquarters because it offers conducive environment for the business to achieve its aim of a consistent building of the client database and have the regular loyal customers. Furthermore, Toronto City is a business harbor with several businesses, and it is expected that the workforce will be in need of loans for various reasons and decent housing. This implies that Toronto City is a business hotspot for a mortgage and lending company with clients already in waiting. The idea of a sole proprietor was favored by the owner to achieve her dream and create opportunities for employment. Initially, the business will commence with threestaff permanently employed.2. SITUATION ANALYSIS2.1S.W.O.T analysisStrengths Minimal start-up budgets Professional staff One package with many financial productsWeaknesses High compliance costs unfriendly market scenario can impact revenue© Copyright 2015 The National Finance InstituteV.010715
FNS40815 CERTIFICATE IV IN FINANCE AND MORTGAGE BROKING – ASSESSMENT TASKSPage 2Opportunities Establish and develop new plans and financial products Multiple yields from each customer Diversify the mortgage portfolio businessThreats Lack of protection of patents on new financial strategies New legislations in the mortgage business High costs of errors and omissions2.2P.E.S.T analysisPolitical: The industry is regulated by the government by managing taxation rates, stamp duty obligations and the alteration of laws. The safeguard of consumers is monitored by the state and it may be unfavourable for the enterprise.Economic: The savings are impacted by The rate or degree of economic growth which also affects the business The state economy affects the financial demands of the workforce which in turn affects the mortgage businessSocial: The consumption behaviour of clients is affected by their social status.Technological: Technology development demands efficient business operation Innovative technology influences the introduction of new products and services that are web oriented© Copyright 2015 The National Finance InstituteV.010715
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