By Richard Bitner
Former subprime lender Richard Bitner as soon as labored in an that started off assisting deprived consumers yet collapsed because of greed, loss of monetary regulate and willful lack of awareness. In Confessions of a Subprime Lender: An Insider's story of Greed, Fraud, and Ignorance, he unearths the reality approximately how the subprime lending enterprise spiraled uncontrolled, driven domestic costs to unsustainable degrees, and became unqualified candidates into certified debtors via artistic financing. know about the methods the loan might be mounted together with his twenty feedback for severe switch.
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Extra resources for Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance
Sourcing should be a part of the organization’s process management approach, rather than an exception. This requires developing competency in sourcing and managing sourcing relationships. , single events or transactions, rather than as an integral part of their ongoing management processes. g. “right sourcing” or “global sourcing,” rather than addressing sourcing as a part of the organization’s standard business processes. Others learn the hard way that “distress outsourcing,” which is outsourcing a problem area as a way to solve that problem, often leads to more distress.
Equally important is the transfer and retention of knowledge during the Completion phase. Smoothly transferring services and resources. A common cause of failure in sourcing is the ineffective management of the transfer of services and resources to and from service providers, leading to service delivery problems or failures. Successful clients and service providers rigorously control the transfer of services and resources to ensure that the new service provider is able to adequately deliver the service and that service continuity is maintained.
Ongoing Practices represent management functions that need to be performed during the entire Sourcing Life-cycle. In order to meet the intent of these Practices, it is important to perform them across the whole Sourcing Life-cycle; an organization that only performs an Ongoing Practice during Delivery is not meeting the intent of the Practice. Ongoing Completion Figure 7. The Sourcing Life-cycle Analysis, Initiation, Delivery, and Completion are phases of the Sourcing Life-cycle addressed by the eSCM‑CL, while Ongoing spans the entire Sourcing Life-cycle.
Confessions of a Subprime Lender: An Insider's Tale of Greed, Fraud, and Ignorance by Richard Bitner