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More information
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In-house vs. Outsource
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Importance of
Intangibles
About CogentQC Systems
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The Value
Proposition
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Case Studies
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Rating Agency Comments |
Buying a Quality Control System
Is your organization considering altering its quality control practices? If so, then the following are questions that you will have to answer before you ultimately decide on the solution for you:
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What is the purpose of quality control? Is it to satisfy regulatory requirements? Or is it to improve quality over time? Developing a coherent sense of priorities and a vision for how you want QC to impact your lending practices is the first step to determining what kind of QC system is right for you.
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What are
your constraints? Money? Personnel? Time? How ironclad are those
constraints? Understanding your organization's limitations is a key step
towards shaping a QC decision.
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Is
in-house QC better for you than outsourcing? The answer to this question
will be a function of both your priorities and your constraints. In-house
QC is for managers who want a more involved, customized, and ultimately
effective process. Outsourced analysis is optimal for managers who either
deal with very low volume or who regard cost as the primary consideration.
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For an
in-house system, what factors are important? How do you pick between
options and measure the benefits and drawbacks? A lot of times, answering
these types of questions is as much art as it is science. There are
tangible and intangible factors to weigh in choosing a QC system. Often,
recognizing the importance of intangibles is a matter of having experience
and good instincts.
Have more questions?
Contact us.
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