Decision Making Research Paper

Submitted By JlM220
Words: 917
Pages: 4
Open Document
Decision Making Paper

MGT/230- Jack Geer

Mary Demarest

People need to use decision making to make important decisions about things that happen in everyday life. When big decisions need to be made in someone’s life then the decision making process should be used. Something happened big in my life two years ago and the decision making process was not used very well.

They walked into the loan agent’s office and sat down and asked him what it would take to get approved for a home loan. At that point the loan agent sat down and got out his pen and paper and began to write.

The problem is how they can get approved for a home loan. The loan agent began by checking their credit report to see what was on there. There were several outstanding debts on there, but he said that he could work with them to get the loan. The agent checked with his connections at the bank and the bank guaranteed them a home loan (called an FHA loan for $150,000). All they would have to do is fill out the application and show proof of income and show proof of bank accounts. Everything sounded pretty easy, that is until the agent wanted them to get all the outstanding debt off their credit report.

So the agent went ahead and told them how to get the outstanding debt off their credit report, they were then told to call all the agencies on the credit report and ask how to get those debts removed. Most of them had been paid but were not removed. They were asked to go ahead and pay off the judgment that they had against them and the agent would try and get the removal of the judgment on their credit report. So they went ahead and called all the agencies to see if they could get letters saying that their debt was paid, and they paid off the judgment also. When they did all these things there was one other problem they had to face. One of the creditors was being really nasty toward them. They could not get this one creditor to remove their debt and this was another problem they had to face. So with this problem not resolved the agent said that it would take some time and they did not have time since they had found a house in their price range and they were waiting on the loan agent to contact the real estate agent to let him know everything was a go.

After several attempts of trying to contact the loan agent, and when the couple tried and called the loan agent, they kept getting the run around about when the loan would be approved. They had a deadline to meet if they wanted to get this house since it was a H.U.D home (a program ran by the state of California). When this would not happen the loan agent brought the couple in and sat them down and told them that their loan would not be approved because they could not get the debts erased from their credit report. Then the loan agent said that there was nothing more he could do and handed them their paperwork. So the real estate agent referred them to another loan agent and they had to start the process all over again.

Now that our real estate agent knew that the loan agent put everything back in the couples lap, what he did was set them up with his loan agent that he trusts. She met with them and she said that
Show More

Related Documents: Decision Making Research Paper

Decision Making Paper

Introduction Decision making is a characteristic that is not only held by individuals, but is also implemented in processes within companies. Each style of decision making that a company teaches, is different and has different strengths. While some companies need to develop better practices, others have ways that incorporate all staff members to be active in the process. This paper will describe successful and unsuccessful experiences related to group decision making in a retail setting, as…

Words 1136 - Pages 5

Decision Making Paper

Decision Making Process Paper MGT 230 November 11, 2013 Decision Making Process Paper There was a time almost three years ago where I had to make a quick company change due to higher wages and a much more convenient schedule that would fit my current needs. So, first thing that I did was weigh my options and realized that the current job was too difficult for me to maintain with having a newborn baby on the way and at the time I realized that I would need more…

Words 404 - Pages 2

Decision Making Paper

Decision-Making process MGT/230August 19, 2013Decision-Making process Decision making is an evitable task we are all faced with from the moment we wake up to the moment we go to bed. Decisions as simple as what to wear and as complex as life and death. Fortunately I have not encounter having to make a decision that makes the difference between life and death. An important decision I did have to make a few months ago was whether I should return to school or get a second job. Working for the same…

Words 428 - Pages 2

Decision Making Paper

Decision-Making Process I have been working for the same company for almost three years. When I started in 2010, I was an administrative assistant to the manager of payroll. Within 6 months, I was promoted to payroll specialist and received a raise. I really enjoyed working for that team. In 2012, my boss gave me the opportunity to travel to Chicago and assist with the process of centralizing the Chicago branch payroll to the corporate office. I was told that I was going to be the Team Lead for…

Words 347 - Pages 2

Decision Making Process Paper

Decision Making Process Paper Decision Making Process Paper Upon completion of my Associates of Arts degree program in business I was unsure what I should do next. I wondered if I should continue my education with the hope of having a better chance at getting a good career one day, and if so, should I continue at the same college. I didn’t know it at the time, but I used the first step in the decision making process and recognized “that a problem exists and must be solved" (Bateman, T.…

Words 610 - Pages 3

Mgt 230 Decision Making Process Paper

Decision Making Process Axel Rivera MGT/230 12/15/2014 Decision Making Process The purpose of this essay is to demonstrate how the Decision Making Process was utilized in one of the biggest decision that as a family we had to decide on. The steps are clearly viewed on the readings for this week. The steps are as follow, Identify the issue or problem, create or generate alternate solutions, evaluate the alternate solutions, making a choice, implement the decision and evaluate that decision once is…

Words 421 - Pages 2

Decision Making Techniques Term Paper Group 8

potential countries. Micah Robert 4572006858000Abstract Using Expert Choice software as well as an AHP decision-making technique, an analysis was done of five potential markets to determine which emerging market was the most suitable market for a business to enter. A basic overview of each country is included. 010000Abstract Using Expert Choice software as well as an AHP decision-making technique, an analysis was done of five potential markets to determine which emerging market was the most…

Words 2990 - Pages 12

pharmacoeconomic Essay examples

Therefore, this paper introduces the concept of VOI in a non-theoretical way and provides a systematic and critical review of the evolving methods and applications of VOI in academia and practice. 2 VOI Analysis To the extent that decision making between alternative courses of action in healthcare is based on evidence regarding clinical and cost effectiveness and aims to maximize net health benefit, at decision time, any decision maker will (or should) ask himself: Is…

Words 14233 - Pages 57

Spiritual Discernment Paper

This paper will focus on the impact of spiritual discernment and how it has something to do with vocational career decision making. The importance of spiritual discernment will play important in not only myself as a counselor but other counselors as well due to the influence of decision-making factors and god’s will. Due to the subject of spiritual discernment in counseling, the article titled “Discerning Spiritual Discernment: Assessing Current Approaches for Understanding God’s Gift” will be used…

Words 763 - Pages 4

Essay about Decision Making MGT/230

Decision Making Paper This is something we all have to deal with each and everyday of our lives. People make decisions each and every day, some of those decisions are easy to make, while others are quite difficult to make. Appropriately combined and organized decision-making process will help to control this issue and bring positive outcomes for people enrolled in it. In this paper I will provide decision-making process when I had to make a personal decision, such as opening…

Words 484 - Pages 2