Process Design
This client is a Financial Services Subsidiary of a Conglomerate. Our client was consistently hearing from their commercial customers that they needed a facility for financing the end users consumer paper. Our client's challenge was to develop a fully compliant 50 state delivery mechanism with the infrastructure to support origination, servicing, securitization and secondary market placement of sales finance, direct lending, and consumer and residential loan instruments. At risk was the floorplan business.
We partnered with our client utilizing Cheryl Gross & Associates project management methodology to project manage and faciltate:
The Bank versus Consumer Loan Company structure decision.
Identification of the origination and servicing applications for subsequent acquisition.
Design of the process and procedures to support origination, credit decisioning, servicing,
and securitization.
Development of secondary market options.
We leveraged the efforts of our client's team by assigning a senior project manager to manage the project one day per week over a six month period. Working with our client, we were able to deliver on their promise to their customers by establishing a fully licensed, 50-state Consumer Finance Company.
Project Management 