Company Is Nationstar Mortgage Based On The Organization

Company Is Nationstar Mortgage Companybased On The Organization You Se

Company is Nationstar Mortgage Company based on the organization you selected, write an organizational plan (words) that addresses the following: Describe who will comprise your management team, and what talents or skills each of the team members will bring to the organization. Include a simple organizational chart. Outline a McKinsey 7-S assessment/model as it applies to your business. Describe the business-level strategy and how it fits with the corporate-level strategy. Prepare this assignment according to the APA guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required. This assignment uses a grading rubric. Instructors will be using the rubric to grade the assignment; therefore, students should review the rubric prior to beginning the assignment to become familiar with the assignment criteria and expectations for successful completion of the assignment. You are required to submit this assignment to Turnitin. Refer to the directions in the Student Success Center. Only Word documents can be submitted to Turnitin.

Paper For Above instruction

Introduction

In establishing a comprehensive organizational plan for Nationstar Mortgage Company, it is essential to shape a strategic framework that delineates the management team, evaluates internal alignment through the McKinsey 7-S model, and articulates the business-level strategy in harmony with the overarching corporate strategy. This approach ensures a structured, aligned, and agile organization capable of competing effectively in the mortgage industry.

Management Team Composition and Skills

The management team of Nationstar Mortgage is designed to encompass key leadership roles that oversee various operational and strategic facets of the organization. The core management team consists of a Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), Chief Marketing Officer (CMO), and Vice President of Credit and Risk Management.

The CEO will bring visionary leadership, strategic insight, and extensive experience in financial services and mortgage lending. The COO will possess operational expertise, process optimization skills, and a deep understanding of mortgage servicing procedures. The CFO's talents include financial planning, risk assessment, and compliance management, ensuring financial health and accountability. The CMO will contribute skills in customer engagement, branding, and digital marketing strategies. The Vice President of Credit and Risk Management will have expertise in credit analysis, risk mitigation, and regulatory compliance.

Organizational Chart

A simplified organizational chart illustrates the hierarchy and reporting relationships:

[Insert visual organizational chart here]

- CEO

- COO

- CFO

- CMO

- Vice President of Credit and Risk Management

McKinsey 7-S Model Application

The McKinsey 7-S framework provides an integrated model for aligning strategic and operational elements within Nationstar Mortgage:

1. Strategy: Focus on customer-centric mortgage solutions with technological integration to streamline processes.

2. Structure: A flat organizational structure facilitating quick decision-making and communication across departments.

3. Systems: Advanced mortgage processing software, customer relationship management tools, and compliance monitoring systems.

4. Shared Values: Commitment to integrity, customer service excellence, and innovation.

5. Skills: Emphasis on financial acumen, technological expertise, customer service proficiency, and compliance knowledge.

6. Style: Leadership fosters an open, adaptive, and results-oriented culture.

7. Staff: Skilled professionals in finance, compliance, information technology, customer service, and marketing.

Business-Level and Corporate-Level Strategies

At the corporate level, Nationstar Mortgage aims to diversify its mortgage products and expand its market share through strategic acquisitions and technological advancements. Its business-level strategy centers on differentiation by providing superior customer service, leveraging technology for efficiency, and offering customized mortgage solutions.

This alignment ensures that operational activities support the broader corporate objectives, fostering a competitive advantage. The differentiation strategy appeals to a broad customer base seeking personalized service and innovative digital solutions, aligning with corporate growth ambitions.

Conclusion

An effective organizational plan for Nationstar Mortgage integrates a skilled leadership team, strategic alignment through the McKinsey 7-S model, and a well-defined strategy that complements corporate goals. Such a comprehensive approach supports sustainable growth, operational excellence, and a competitive edge in the mortgage industry.

References

  1. Waterman, R. H., Peters, T. J., & Phillips, J. R. (1980). Structure is not organization. Business Horizons, 23(3), 14-26.
  2. Peters, T., & Waterman, R. (1982). In Search of Excellence: Lessons from America’s Best-Run Companies. Harper & Row.
  3. Johnson, G., & Scholes, K. (2002). Exploring Corporate Strategy (6th ed.). Prentice Hall.
  4. McKinsey & Company. (1980). The 7-S Framework [White paper]. McKinsey & Company.
  5. Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2017). Strategic Management: Competitiveness and Globalization (12th ed.). Cengage Learning.
  6. Kaplan, R. S., & Norton, D. P. (1996). The Balanced Scorecard: Translating Strategy into Action. Harvard Business School Press.
  7. Porter, M. E. (1985). Competitive Advantage: Creating and Sustaining Superior Performance. Free Press.
  8. Grant, R. M. (2019). Contemporary Strategy Analysis (10th ed.). Wiley.
  9. Collins, J., & Porras, J. I. (1994). Built to Last: Successful Habits of Visionary Companies. Harper Business.
  10. Roberts, N. (2004). Corporate strategy and ethics in the mortgage servicing industry. Journal of Business Ethics, 54(3), 245-259.

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