Risk Assessment: Mcbride Financial Services

McBride Financial Services is a virtual organization of the University of Phoenix and offers mortgage services to its members. The goal of McBride is to become an "excellent supplier of low-cost mortgage services using state-of-the-art technology" in five provinces: Idaho, Montana, Wyoming, North Dakota and South Dakota. McBride serves three major mortgage groups. Experts who purchase primary or secondary houses, retirees to purchase primary or secondary houses, and families and individuals who purchase entertainment.

McBride Financial Services plans to provide services to experts who purchase primary or secondary residences, retirees who purchase primary or secondary residences, and family and / or individuals who purchase entertainment facilities. They believe that by offering the following services, customers can receive the most effective and effective mortgage application process from start to finish. The following year, it became a useful company to use technology to minimize the cost of customers and companies that apply for and acquire a mortgage and maximize efficiency. The main factors of success are as follows.

LAN topology McBride Financial Services uses a star topology that provides fast and reliable service of FastEthernet (100 Mbps) throughout the local network to guarantee messaging and connectivity without the cost and security risk of the wireless network To do. The Boise office of MFS headquarters functions as the center of the star and the other offices function as stars or spokes. When the Sioux Falls office is rented, it will be a redundant site if communication with Boise ceases. As mentioned above, Boise uses the FastEthernet Local Access Network (LAN) which is physically connected according to the EIA / TIA (Electronic Industries Association) / Telecommunications Industry Association) 568 standard. The Boise office shares two non-adjacent floors (1st and 7th floors), so two FastEthernet fiber optic cables are wired between the main switches and redundant services are provided on each floor.

Like PepsiCo, McBride Financial should use the committee to reduce the risks associated with compliance violations. The concept of compliance is a very important issue for every organization. As far as McBride Financial Services is concerned, proper rule and regulatory knowledge and implementation is detrimental to the organization's potential growth and development. It is necessary to reduce the problem of company's compliance violation by using recommendations including self assessment and risk identification. McBride Financial needs to implement self-assessment of the plan so that regulators will be in time to knock on the door. Companies need to develop risk-based compliance methods, such as identifying factors necessary to ensure non-compliance risks and compliance using internal committees. The committee analyzes the organization's risks and assists the company in deciding which risks to focus on.