What factors should a bank look for before sanctioning a residential mortgage?

Required Delivery: Prepare a word document mentioning the following. 4 pages
1. Identify the risk warning signs from the perspective of General Risk Management
How can the bank shield itself against cyber-crimes?
What factors should a bank look for before sanctioning a residential mortgage?
Answer & Explanation
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1. Risk Warning Signs from the Perspective of General Risk Management

The following are some warning signs that may indicate that a company is at risk of financial difficulties:

-Decreasing sales or revenues
-Increasing levels of debt
-Decreasing profitability
-Decreasing cash flow
-Increasing levels of inventory
-Decreasing levels of customer satisfaction

If a company is experiencing any of these warning signs, it is important to take action to mitigate the risks. Some r

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Step-by-step explanation
isk mitigation strategies that a company can take include:

-Improving internal controls
-Improving management processes
-Improving financial reporting
-Decreasing expenses
-Increasing revenues

2. How can the bank shield itself against cyber-crimes?

There are a number of steps that a bank can take to protect itself against cyber-crimes, such as:

-Educating employees on cyber-security risks and best practices
-Implementing strong cyber-security measures, such as firewalls and encryption
-Monitoring systems for signs of intrusion
-Responding quickly to any signs of intrusion

3. What factors should a bank look for before sanctioning a residential mortgage?

When considering whether to sanction a residential mortgage, banks typically look at a number of factors, including:

-The creditworthiness of the borrower
-The value of the property
-The borrower’s income and employment history
-The borrower’s ability to repay the loan
-The terms of the loan

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