Approaches to Restructuring in the Fight for Cost Control

Beginning of article

To make the most of the available talent to control costs, mortgage companies need to make significant changes. One change, redefining jobs, was discussed last week.

This article deals with restructuring the organization.

There are three major approaches to such restructuring: centralizing and regionalizing; developing alternative methods of retail originations, and finding alternative origination sources.

Centralizing Operations

Under centralization and regionalization the objective is to concentrate operations into fewer and larger locations where staff can be used more efficiently.

The first step is to analyze market locations. Review the cost effectiveness of each location, including …