Location and Facilities optional 1. Company Overview There are many variations and approaches on how to lay out the various components of a business plan.
This will cover operating expenses for the first five months of operation. The company intends to be positive on a cash flow basis by the sixth month of operation. Statement of first year cash flow analysis in thousands This chart projects cash flow in thousands. Valuable Mortgage intends to revolutionize these practices through the implementation of a centralized web— based portal site designed to bring maximum capability, productivity, and cost savings to the individual mortgage broker and mortgage industry affiliate.
By effectively managing the communication process between affiliates Valuable Mortgage will allow these companies to refocus on business development, saving them extensive time and money now spent on the management of the process itself.
The company's unique business model called POEM, combines facets of a web Portal with process Out-sourcing, Extranet technologies, and extensive workflow Management. The result that this business model will bring to the industry will be a completely effective, focused, and relatively short mortgage process.
Competition in this industry is fierce with many companies trying to develop the next 'standard' for mortgage processing. What differentiates Valuable Mortgage's approach from the rest is their focus on the creation of a complete mortgage processing 'community'.
Instead of developing separate applications for each affiliated industry, Valuable Mortgage will develop an environment that brings a total solution to all the various affiliates of the industry.
This environment will be designed to maximize communication between affiliates, and thereby leverage the affiliates need for effective communications to build the environment in which they work. This approach is unique—there is no other company that is focusing on bringing more value to the process itself.
This approach is so radically different that what the competition is offering that it is destined to attract the largest percentage of affiliated customers. Not only has Valuable Mortgage developed a unique approach, but Valuable Mortgage has focused that approach on the development of the Portal community environment.
This business model assures that each task in the mortgage closing process is closely tracked and managed, so that each affiliate in the process is delivered the information needed at just the right time.
Finally, by creating multiple front—end and back—end revenue streams, Valuable Mortgage's community environment will be bring the most possible value to its customers while assuring multiple income streams for the company as well.
Confidentiality and Risk Statements The information, data and drawings embodied in this business plan are strictly confidential and are supplied on the understanding that they will be held confidentially and not disclosed to third parties without the prior written consent of Valuable Mortgage.
This business plan represents management's best current estimate of the future potential of the business. It must be recognized that no business is free of major risks and few business plans are free of errors of omission or commission.
There are believed to be 80 million Americans who currently use the Internet, with involvement ranging from occasional e—mail message exchanges to daily multi—hour surfing and exploratory sessions. One of the latest trends driving the phenomenal growth of the Internet is business to business services.
These services utilize a technology called 'extranet', where businesses utilize the Internet for the specific purpose of being effective in inter—business communications. Extranet technologies allow organizations to connect their internal systems with other organizations.
The result is a vastly increased level of communications, driven by the ability for these two organizations to share data securely and subsequently communicate faster and more effectively.
This is where Valuable Mortgage comes in. By providing a radically simplified environment based on this extranet technology that will tie together all of the affiliated businesses involved in the loan closing process, Valuable Mortgage will fulfill its goal of bringing about a new and much more effective overall process.
Stefan Swanepoel, a well—known author and real estate industry strategist, recently published an extensive and thought provoking report that identifies key trends expected to significantly determine the ground rules for the use of the Internet in the real estate mortgage industry.
According to Swanepoel, even though mortgage processing professionals have traditionally been the gatekeepers of information, the Internet is now demanding that they evolve into the interpreters of information. According to a Fast Company—Roper Starch worldwide survey, 94 percent of respondents believe that the Internet makes communication easier, while 96 percent report that the Internet increases their accessibility to information.
Based on the recent number of technology and Internet—related exhibitors at the National Association of Realtors convention, an event attracting more than 23, Realtors and Mortgage Brokers, it is evident that the Internet is rapidly taking a stronghold on the industry.
To date, however, many will agree that of the estimated 10 million real estate and mortgage related websites, very few really offer true value or the ability to conduct transactions online as easily as do Amazon. First, online lending king Mortgage Online, Inc.
ElectroMortgage, another leading online mortgage player, is also partnering with banks using a combination of web—based and real world offices.
And about 80 percent of Internet users rate their online banking experience higher than the traditional brick—and—mortar experience, according to a recent survey by Washington—based Frederick Schneiders Research Inc.
Valuable Mortgage intends to capitalize on this growing trend to take advantage of the Internet for mortgage processing.
However, Valuable Mortgage intends to do so in several unique ways. First, Valuable Mortgage will primarily be a business—to—business focused entity, providing services to the mortgage brokers and to the affiliates of the mortgage processing industry.Business Plans: Writing Guides, Downloadable Templates, and Samples.
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Our sample business plan templates are just a WYSWIG (What you see is what you get) of our premium templates. Generally, small-scale industries and businesses don’t bother much about the business plans. This plan raised $2 million for a company desiring to build a state–of–the–art mortgage processing application and Internet site.
Business plans are used by entrepreneurs to secure funding for their business idea, or by small business owners looking to tighten up their business strategy. Regardless of the purpose, having.