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Service Portfolios of the Commercial Banks of the State of Connecticut, 1974
No full text(Introduction)
The purpose of this paper is to explore the degree to which the commercial banks of Connecticut utilize the secondary mortgage market. That is, are commercial banks active in the business of selling mortgage loans rather than retaining them for their own investment? Can any bank, regardless of size, participate in this type of activity? Why or why not? Does participation in this activity enhance or detract from the profitability of the mortgage department? An attempt has been made to answer these questions, and others. The initial chapter deals with the definition of a servicing portfolio and an explanation of the servicing relationship between the customer, the bank and the investor. The discussion includes an explanation of the economic forces and business considerations at work that may lead a bank to consider the use of the secondary mortgage market and the establishment of a service portfolio. The intent of Chapter II is to orient the reader and to acquaint him with the terms to be used in the ensuing analysis.
The research method is described in Chapter III. The data for this an?.lysis was obtained by means of a survey of the commercial banks of Connecticut in November of 1974. Each bank was mailed a questionnaire.^ While absolute statistical validity cannot be claimed due to the lack of randomness in the selection of the responses, it is felt that the data is representative. It is felt perhaps, that tae extremes in the range of activity may be missing from the sample. That is, banks which have absolutely no interest in the servicing of mortgage loans, and banks that are heavily involved and, therefore, feel that little could be gained from participating in the study, may be under-represented in the data. The reader should, therefore, take this possible bias into account while reviewing the data.
Despite very real limitations in the data, information concerning the ability of banks of various sizes to participate in the mortgage servicing activity, the staffing requirements of various levels of activity and the relationship of automated data processing to activity levels is considered significant. The question of the effect on profitability, however, remains largely unanswered. It may not even be possible to limit the inquiry to the narrow area of a bank’s mortgage area when discussing the profitability question. Overall bank profitability may be a more relevant index to use rather than portfolio yield. The ability of a bank to offer a complete range of services to its customers, including mortgage financing, may help the bank to attract and retain profitable customers. Further study is necessary to obtain a definite answer
Credit Process
No full textThe primary purpose of this work is to present a broad overview of the credit process involved in commercial markets today.
Over the past four decades open account trade receivables have grown at an unprecedented rate bringing major changes in the world of credit. To deal with these changes brought on by business growth and pressing liquidity pressures, the credit manager has been forced to establish new and different credit methods and tools in order to accomplish his job effectively. With the assistance of the computer, the credit operation has been mechanized to a point,that the credit manager is now free of formerly burdensome routines. Because of this, the role of every credit manager has changed and his importance as a decision maker in the firm has increased.
In this paper an examination of the credit process begins with a review of the nature and function of credit. The types of credit, policies and selling terms relevant to industry groups are explored. Credit department personnel and organizational structure and the investigatory procedures and practices involved in the granting of credit are also detailed. Special emphasis is given to financial and comparative analysis as valuable analytical tools in the credit decision making process.
The concluding chapter outlines several new computerized credit services now available to the ciedit exectuive and the advantages of a credit by exception program in a modern credit department
Organizing for Conservation of Energy and Fuels in Large Manufacturing Companies
No full textThe importance of energy conservation by industry and the need for a special organization of the effort in a large manufacturing company are explained. The forms of organization for energy conservation used by eight companies reported to be successful in this effort are described and analyzed, and the best features of each are pointed out. Certain of these features are recommended for adoption by Uniroyal, Inc
The Plight of the Businesswoman
No full textContents: I. Introduction II. General facts about women in the labor force. III. Are women qualified for management positions? IV. Discrimination of women in business. V. Measures to overcome discrimination. VI. Summary
A Computer Model for Use in Evaluating Various Electric Utility Capital Expansion Plans
No full textThe planning of generation and transmission capacity for the growing requirements of electric utilities has become an extremely complex undertaking. The magnitude of the alternative costs, the length of time which must be considered and the number of influential variables bearing on the decision have created a task for the planning engineer which no longer can be solved with short cut approximations. The modern planning engineer requires more complete information on which to base his decisions.
The computer model presented here was developed to provide the engineer with the information he requires to select the best alternative. In writing the programs the historical manual approximations were discarded in an attempt to fully utilize the potential of modern computers. The resulting model allows the user complete flexibility in defining the set of alternatives in question and provides detailed output for a decision base. All variables that could be identified as well as the various accounting methods currently in practice have been included to insure user confidence