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An Operational Framework For Mortgage Supply Chains, Juri Hirschey, Patricia Wescott, Nezih Altay

Nezih Altay

Operations management in the mortgage banking industry requires a strategic framework that takes into account the industry’s volatility, operational complexity and unique customer model. The foundation of this framework begins by (re)defining the mortgage lender’s customer to include the capital markets. This paper proposes a novel model for managing mortgage banking operations, a model that uniquely reveals two different but intricately related supply chains in mortgage operations. The proposed dual-direction supply chain model offers speed and flexibility with one supply chain and integration and market knowledge with the other – the combination of which is critical to developing an effective …