Budgeting and Financial Planning for Non-Believers
This webinar is part of MBA Education's Garrett, McAuley & Co. Mortgage Banking Management Webinar Series.
Budgeting and financial planning may not be glamorous, and many mortgage bankers will say, "Tell me what rates will be, and I'll tell you how much money we'll make." This isn't a viable approach to a dynamic and difficult industry, and the top-performing mortgage bankers would never take this approach. In this webinar, MBA Education and Garrett & McAuley will provide mortgage bankers with reasons why establishing, tracking, and modifying an annual financial plan or budget is essential to success in the mortgage banking industry. Measuring financial & operational performance and benchmarking is important for all mortgage companies and mortgage divisions of banks. By employing a financial sound plan/budget, companies will see increased revenues, have a better control of costs, and a tighter management of risk.