Implmentation Plan

MGT 597 Organizational Change Management Organizational Change at Mkay d advantageouslying house Loans Mkay plate Loans has been a partner with a very esteemed mortgage company, comprehensive Home Loans, for well-nigh deuce and a half years. Mkay Home lends is a mortgage company determined in the DFW ara in Texas. direct from 2 branches, nonpareil in Irving and the main branch in Dallas, MKay Home Loans make a correlative venture with statewide in July 2006 to give away expand their mortgage l supplanting business. Both these companies joined unneurotic in sting to compete with other mortgage companies and assign first syndicate service to aspiring home owners in the state of Texas. The joint venture operated, such that at the end of the every calendar calendar month the profit is split 50/50 between the two partners. Mkay goal is to make sure they contain funding imparts to withstand themselves in business while in addition supervise their expenses so as to maximize their profits. Mkay Home imparts started glum with 12 employees, including 2 branch managers, 2 polish office assistants, 2 payoff assistants and 6 mortgage sales consultants. The branch managers pull off the branches and are paid a salary, and can also explicate loans and get paid a commission.

The office assistants handle the clerical work, the production assistants assist the manager and the mortgage consultants and they are proportionality on an hourly basis. The mortgage consultants act as loan officers and are active in the field in construction for for new businesses. Referrals also contri bute to business for Mkay Home Loans. erst! while the mortgage consultants get customers, they have them fill let extinct applications and these applications are sent to the Loans Processing Department at StateWide. StateWide processes the loan to fruition and going forward, everything else is handled by StateWide employees. The pay division processes the split at the end of every month and sends out wires to StateWide and Mkay Home Loans. Business started off well for Mkay Home Loans. 2006 showed a total...If you want to get a wide essay, order it on our website: OrderCustomPaper.com

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