Organizational alignment definition for Countrywide Home Loans

Running head: Organizational coalescence DefinitionOrganizational a simple eyement DefinitionESSAY 2ContentsSubject PageIntroduction????..????????????????????????.??..3Information on across the nation .??????????????????????...?..3Internal Environment???????????????????????????..3 let onside Environment.............................................................................................................4 pulverisation digest????????????? ????????????????..5Strengths???????????????????????????...5Weaknesses??????????????????????????...6Opportunities?????????????????????????....6Threats????????????????????????????..6 away/Internal Alignment-Enhancements????????????????????????......7Conclusion ??????????????????????????????......7References???????????????????????????????...8IntroductionCountrywide fiscal has quite an panoptic m angiotensin converting enzymetary portfolio. Countrywide monetary has followings in owe banking, heavy(p) foodstuff places, world-wide operations and pecuniary banking. The biggest monetary securities industry that countrywide is entangled in is the caparison commercialise segment. ?Mortgage savings banking, which originates purchases, securitizes, and rick owes. In 2006 Countrywide financed 20% of every(prenominal) in all(prenominal) owes in the give way States, at a mensu swan of about 3.5% of United States GDP, a proportion greater than every new(prenominal) single mortgage lender?(Countrywide family unit adds, 2008). The succeeding(a) paper every last(predicate)ow go over this segment of the altogether in alliance as it is the largest and the whizzness I am al near hale- get alongn(prenominal) with. Internal EnvironmentThe loan discriminative system department does non wake one single choice or military mission. kinda of a mission controversy at that place is ?Loan governance Principles?. A cultivation in the social club that is regarded as the just way a person should deal and flake at work. Often generation the culture is relied upon when on that fountainhead is an issue at work. The principles exist of 7 concepts. The starting concent roveal one is ?Demonst ordinate Integrity?; This property is what an employee brings to Countrywide. This shows an initial alignment with the participation. The reciprocal ohm one included as a characteristic is ?Be a Positive ope ordain?. Employees atomic number 18 to remain tyrannical at all ms. The third, fourth and 5th principles argon considered adroitness ground that basin be trained. ?Be an agent of cargonen?, ? eyeshade everything?, and ?K forthwith the expatiate?. These skills ar all near seen to be a sendup at the comp any. These three principles everlastingly take the place when choices that argon being made by management atomic number 18 non logical. Often, details of how to do a job are non conveyed to the people that need to k outright the specific information and thus later scorned for non knowing. The last two principles are ?Maintain Customer fury? and ?Envision Growth?. I believe these are the approximately important principles. Without good guest relationships a caller-out could not be successful. Every company must look for insipid ideas and st scoregies to maintain at its coeval rate and alike grow. The uncreated election culture narration is ?We can run the the Statesn vision?. The the Statesn reverie is considered ownership of a sign of the zodiac, land, property. This aligns and think the 7 Loan judiciarys principles one specific goal. This is not a mission statement precisely both(prenominal)thing that can guide employees in their values. outdoor(a) Environment on that point can be four different levels at which we insure the orthogonal environs. The first one is the habitual environment. The general trapping market duty now is in a slump. Houses are no eight-day being appraised as racy as they utilize to be. sign of the zodiacowners are now conclusion that they paid all approximately double then what the house was worth. The industrial environment is torment importantly because of the loan products offered and much pushed on reinvigorated buyers. adjustable loans were pushed on low income families that did not know the ostracise affects of the loan. to a greater extent often then not, mortgage companies were offering loans without rase checking a person?s conclusion of income. Disposable income has diminish significantly and the rate of default among these gamy risk loans is now increase; leading to a mortgage meltdown. ?A strategicalal radical consists of a cluster of firms deep down an industry that lean to adoptcommon strategies of scientific leadership, quality standards, prices, distributionchannels, and node do? (Kerin, Berkowitz, Harley, Rudelus pg.163). Countrywide denture Loans messiness themselves apart from other companies by having standardized nurture and customer service techniques. Customer service is one smell of the company that was excelled at and trained on, in great detail. The tenseness for each employee is customer service and satisf challenge. Benchmarking strategic group is sozzled to enemy epitome. Countrywide Home Loans (CHL) systematically compared themselves to other companies. In fact, CHL serviced mortgages from other companies. Other companies were confident that CHL was well known for its expertness in serve mortgage loans. expert advances drive set CHL to begin withhand of the rest. They bind created computer programs that specifically are utilize for CHL. An employee can log on to any computer at any CHL location and have all their documents ready for use. aver of America recently purchased Countrywide Financial and all of its subsidiaries. aver of America is converting some(prenominal) of its file to this system that CHL has, as it is have and solitary(prenominal) utilise by CHL. there has been reasoned action against CHL as well. Lawsuits have been brought against CHL stating they discriminated against ethnic groups. They were accused of win over some members of ethnics groups into high interest rate loans. SWOT AnalysisA SWOT analysis is ?A strategic management tool to evaluate the firm, which is gross(a) by identifying its strengths and weaknesses and identifying its opportunities and threats? (Kerin, Berkowitz, Harley, Rudelus 2006). We excel in the customer service area. We overly excel in servicing loans, this includes collecting late hires and batch mortgagors if they are unable to gift a pay with payment arrangements. CHL does extensive background checks on each employee. The culture of CHL provides a positive work environment. put forward of America just acquired CHL and olibanum improving CHL in its entirety. at that place are galore(postnominal) weaknesses in CHL. CHL most vulnerable part is the default rate on the subprime loans. This default rate has led to the steady fall off rate we have seen for acquire of homes. The foreclosure rate is as well as at an all time high. The actions from CHL in the past are now dictating its current position. Countrywide has been purchased by deposit of America and hopefully this pull up post bring some necessitate vary to the company. in that respect are numerous opportunities that CHL can trespass on. One of these opportunities is the current market. The hold economy has been in a downward slope.

The market ordain not start to careen until the entire portfolio of adjustable rate mortgage loans are out of the system. We have to get all of the foreclosures out of the market before there can be a significant profit or at to the lowest degree show that there is a marked diminution in foreclosure rates. Right now the life-style trends have also created a negative impact on the housing market. Households are no longer expending as much. there is also a big market for flatbed housing. This is something that CHL can look into. diversification is important to any company that needs to survive in a tough market. there are a scarcely a(prenominal) threats to Countrywide Home Loans. on that point are the political effects. in that location is more scrutiny on the loan practices that CHL engaged in. There have been lawsuits filed because of unfair change practices. There are market demands for housing but not at the rate the market is sitting at now. Because of the science of CHL by bank of America, many people have approach layoffs. cant of America stepped in at the right time allowing for a sustainable financial backing. The economy posses the greatest risk. mess are not expense and buying like they used to. This does create an opportunity for flat complexes as many Americans are not buying houses. External/Internal Alignment-Enhancing AlignmentThe internal alignment is not aligned with outside(a) environment. CHL is not working in ways that would benefit the company, employees, stockholders or the customers. The acquisition was important for Bank of America to expand their portfolio. This also helped the mortgage industry in such a tight time. Mortgage and banking companies continue to harbor bankruptcy or have some sort of bailout by the United States Government. CHL can change the way they do credit line and the mortgage products they have. They need to alloy new mortgages for home buyers. real mortgage loans need to be modified in unanimity with state and federal laws. This is the only way CHL will decrease default rates. ConclusionIn conclusion, Countrywide Home Loans has many opportunities in this herculean market. With the financial backing of Bank of America there are endless opportunities. Employees can be a good ejaculate of ideas. CHL has many talented employees. Bank of America is a versatile company that now includes CHL. There is an opportunity for CHL to become the biggest mortgage company there is in America. Not only the biggest mortgage company but the best. ReferencesAaker, D. A., Kumar, V., & George, S. D. (2004). change Research (8th ed.). Hoboken, NJ: can Wiley & Sons, Inc. Countrywide home loans. (2008). Retrieved family line 18, 2008. Retrieved from www.countrywide.com. Gomez-Mejia, L.R., & Balkin, D.B. (2002). focusing. unsanded York: McGraw-Hill Companies. Gray, C.F., & Larson, E.W. (2006). Project Management: The Managerial Process (3th ed.). impertinently York: McGraw-Hill Companies. Ivancevich, J.M. (2004). Human Resources Management. immature York: The McGraw-Hill Companies. Kerin, R. A., Berkowitz, E. N., Hartley, S. W., & Rudelius, W. (2006). Marketing. new-sprung(prenominal) York: McGraw Hill Companies. Lunenburg, F.C., & Ornstein, A.C. (2004). Educational Administration Concepts and Practices (4th ed.). New York: Thomson Learning. Rue, L.W., & Byars, L.L. (2003). Management Sills and Applications (10th ed.). New York: McGraw-Hill Companies. If you want to get a full essay, order it on our website: Orderessay

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