Security Online Loan Application Service Provider Policy

McBride Financial Security Online Loan Application Service Provider Policy University of Phoenix CMGT 441 * Introduction: McBride financial services is a mortgage lender in Boise, Idaho. This company is specialize in conventional, FHA, and VA loans for home purchasing and refinancing. The company is planning to develop and expand into Wyoming, Montana, North Dakota and South Dakota (Apollo Group, 2003). * Mission: McBride Financial Services main mission is to be the top provider of mortgage services in a low cost in the its region and all branches Idaho, Montana, Wyoming, North Dakota, and South Dakota.

Also McBride intends to offer mortgages to first time buyers and problem credit clients. The company will control its cost by having a small staff rather than large staff of brokers to sell the financing packages. Also they intends to make the customers enter their own mortgage applications online, and getting the approvals or denials electronically. (Apollo Group, 2003 ) * Concern: McBride Financial services’ main concern is to ensure security for its customers’ financial online application services, and making sure that the online information is protected.

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In order not to involve into a lawsuit from clients because of identity stolen, McBride Financial will implement a kind of internal security system so every employee can access the clients’ information. McBride Financial is also concerned with physical security of the computer system, and other security issues as the company’s success is based on client’s understanding of how their personal information is safe. (Apollo Group, 2003 ) * The desired plan for McBride financial is: “To have a company website that can be accessed either from the in office or online”( Apollo Group, 2003 ) so the customer be able to log into it and take a look even before it can be seen by the employee. Customers will be able to access to the latest interest rate, financial calculators and other information (Apollo Group, 2003 ) * Connect each office network to home office, to be able to monitor and access the provided information so the location does not matter in this case. * Having a strong and a secure back up in each office, in order not to have any problem if any equipment failed or a disaster occurred. Safe Data base that is too fast and connected to a website, so if people fill up application online from any public internet cafe, this information are safe and protected, so no one who uses the public computer can get any information. The online application contains personal information about the lender and the borrowers also information about borrowers income information, assets information, job history and all transactions. After filling the application, McBride financial will evaluate the borrowers qualification for loan.

By making sure of personal information accuracy, it prevents the borrowers from loan denial. All the information entered by customers in online application will be protected and secure. * Providing security needs some recommendations: 1. Making data security protection for all company branches. 2. Putting some policies to monitor weaknesses in data security. 3. For security purposes each employee must have security card for entering and exiting the company. 4. Each employee will have a special code to log in the computer system 5. Adapting anti-virus to be used in all of the systems and it will be automatic update.

In conclusion, McBride Financial Services is a mortgage company that provides load for first time buyer, also bad credit customers. The company’s main concern is to ensure security for its customers’ financial online application services, and making sure that the online information is protected, in order to meet that desires McBride financial will Ensure Privacy and Security for its online application customers, will provide security procedures for data transfer on the Internet, also The information provided to McBride Financial Services online will be protected by Secure Socket Layer (SSL) technology.

References: * https://ecampus. phoenix. edu/secure/aapd/cist/vop/Business/Smith/Projects/McBride/NetworkTranscript. pdf * https://ecampus. phoenix. edu/secure/aapd/cist/vop/Business/McBride/McBrideHome002. htm

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Security Online Loan Application Service Provider Policy. (2017, May 16). Retrieved August 22, 2019, from https://newyorkessays.com/essay-security-online-loan-application-service-provider-policy/
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