Gather Useful Information About the New Century Term Paper

Pages: 7 (1987 words)  ·  Style: MLA  ·  Bibliography Sources: 4  ·  File: .docx  ·  Topic: Business

¶ … gather useful information about the New Century Financial Company as a place that I might work.

Take a Mental Inventory chose to research New Century Financial Company because I have worked for a financial corporation in the past. Because of my experience as an administrative assistance, I think this company may offer a position that I am qualified for. All I know about this company is that it offers mortgages, and that its main offices are in California. Is this a national organization, or is it limited to one state?

Formulate Research Questions

What standards of education and training are standard to obtain a position in this company?

Is this company a national organization?

What is the demography that this company targets?

How is this company doing right now financially?

How big is the company?

Step 4. Find Sources went to www.hoovers.comand researched "New Century Financial Company" to find information about the company. This site contain basic information such as sales figures and the size of the company. It also contained a direct link to the New Century Financial web page, which I used as an additional source. The citation for the two sites is as follows:

New Century Financial Company. 2 Nov. 2006 http://www.ncen.com/.

New Century Financial Corporation." Hoovers. 2 Nov. 2006 http://www.hoovers.com/new-century-financial/ -- ID__53504 -- /free-co-factsheet.xhtml.

Buy full Download Microsoft Word File paper
for $19.77
Step 5. Answer Research Questions

1. What standards of education and training are standard to obtain a position in this company?

The New Century Financial Company web site has a search page to find open positions, and the page included fields to fill in education and experience. This indicates that positions are open with different qualifications, and that I will need to consider my particular position when determining my eligibility.

2. Is this company a national organization?

Term Paper on Gather Useful Information About the New Century Assignment

According to the company web site, New Century Financial does about forty percent of its business in-state; however, it has 216 offices in thirty-five states according to Hoover.com. So, despite a concentration of in-state business, New Century Financial has obviously been tapping into the national market.

3. What is the demography that this company targets?

New Century Financial provides mortgages primarily for single-family homes, and targets those with less-than-perfect credit. Most of its business goes through independent brokers, but it does have a significant (twelve percent) retail division.

How is this company doing right now financially?

While stock figures were much higher in the Spring, Hoovers.com indicates that New Century Financial did 2443.1 Million dollars in sales in 2005, and that it was a growth of forty-one percent, which indicates that the company is doing very well. The company also has 7200 employees, which an employee growth of 38.5%, which means the company is hiring.

How big is the company?

Most of this information has been reviewed in previous questions. New Century Financial offers loans from thirty-five thousand different mortgage brokers, and has over two hundred of its own offices in thirty-five states. It does about 2.5 billion in sales per years, and employs 7200 people. It is a very large company, and seemingly very stable.

Step 6. Present Your Research

New Century Financial Corp

New Century Financial Corporation is a national mortgage company that offers loans to sub-optimal households through a network of 35,000 mortgage brokers. In 2005, it grossed approximately 2.5 billion in sales, and has 7200 employees (Hoovers).

Works Cited

New Century Financial Company. 2 Nov. 2006 http://www.ncen.com/.

New Century Financial Corporation." Hoovers. 2 Nov. 2006 http://www.hoovers.com/new-century-financial/ -- ID__53504 -- /free-co-factsheet.xhtml.

Personal Evaluation of Company

The recent growth of this company indicates to me that, should I secure a position there, my job will be secure. It is a very large company, which is a good thing because I am looking for the kind of managerial positions that only exist in companies with a lot of employees. I worry about the demography that this company targets, however, because a lot of companies that offer loans to people with poor credit aren't trustworthy. I want to be sure that this company is ethical about the way it conducts business.

Profile of a Community - Outline

Step 1: Define Research Purpose

The goal of this research project is to consider possible destinations for relocation. The destination I am considering is San Diego, California.

Step 2: Take a Mental Inventory currently live in Sunnyvale, CA, which is several hundred miles North of San Diego. The climate is very temperate here, and it is nice living next near the ocean. Sunnyvale is not a huge city, but it is big enough to offer a lot of big city amenities.

A worry that moving almost a thousand miles to the South is a bad decision because of how hot it is; however, it is also very appealing to live by the beach in a city that is in perpetual summer. San Diego is a much bigger city than the one I live in. The advantage of this is that there will be more recreational opportunities for me. The disadvantage is that it will take longer to get to a place where I can walk or read peacefully.

Step 3. Formulate Research Questions

What is the cost of living in San Diego?

What does the city have to offer in terms of recreation?

How big is the city, and how many people are there?

What is the crime rate?

What is the climate like?

Step 4. Find Sources

For my first source, I used Google to search for "San Diego, CA" and found the official website of the city. It has a lot of useful information that indicates what the quality of life will be there. Then, I went to City-Data.com, which I have used in the past to research cities, and looked up San Diego. City-Data.com is designed to give the kind of information prospective inhabitants might want, so it was full of good information. I also looked up my own city so that I could compare the two. The MLA style citation is as follows:

City of San Diego Official Website." 2 Nov. 2006 http://www.sandiego.gov/.

San Diego, California Detailed Profile." City-Data.com. 2 Nov. 2006 http://www.city-data.com/city/San-Diego-California.html.

Sunnyvale, California Detailed Profile." City-Data.com. 2 Nov. 2006 http://www.city-data.com/city/Sunnyvale-California.html.

Step 5. Answer Research Questions

What is the cost of living in San Diego?

The average income in San Diego is significantly lower than in Sunnyvale. This is a good indication that the cost of living is probably lower. Because I plan to apply for a new job with a higher income, I hope that this will result in a lifestyle change that is even more significant.

What does the city have to offer in terms of recreation?

San Diego has a number of recreational facilities, included two libraries, a myriad of Golf Courses, a multitude of shopping centers, and a wide assortment of parks and beaches (San Diego). The web site is kept current with recreational and leisure activities (City).

How big is the city, and how many people are there?

The population of San Diego as of 1,223,400 as of the year 2000. The city covers 324.4 square miles (San Diego).

What is the crime rate?

The San Diego crime rate is just slightly higher than the national average (343.3 compared to 327.2) (San Diego).

What is the climate like?

San Diego is sunny and warm, but not sweltering. It has unusually low precipitation, but is a touch more cloudy than the national average (San Diego).

My impression of San Diego is that it a vibrant city with a lot of cultural diversity and flare. A strong tourist industry has kept the city looking clean and healthy, and the large population means that there will be lots of opportunities for employment and recreation.

Despite being a tourist destination, the business-like layout of the official web site is obviously designed to help you find what you need quickly. I appreciate the "work first, play later" mentality because I prefer to devote myself entirely to one thing at a time. I also like the convenience and integration of the city. From the city web site, I can pay my water bill, renew a library book, or even start a new business. That's really neat!

Step 6: Present Your Research

Researching a community: San Diego, California

Finding a new place to live is a major step for me. It is important to me that my destination feel like a home. In order for my life to feel complete, I need to have a job that I enjoy and that allows me to comfortably fulfill my financial obligations. I need to have a home of adequate size, quality, and location for me to enjoy living there. I also need to like the atmosphere and mentality of the city.

The research I have done on occupations leads me to believe that I am in a good position to find a job that I love and that pays well. This is especially important during the first few months, because moving can be very expensive.… [END OF PREVIEW] . . . READ MORE

Two Ordering Options:

?
Which Option Should I Choose?
1.  Buy full paper (7 pages)Download Microsoft Word File

Download the perfectly formatted MS Word file!

- or -

2.  Write a NEW paper for me!✍🏻

We'll follow your exact instructions!
Chat with the writer 24/7.

New York Public Sector Vocational Rehabilitation Agencies Term Paper


Information Systems and Their Efficiency Essay


Black Churches / New Pastors the Influences Term Paper


Nineteenth Century Prostitution Within the Grand Catalogue Term Paper


Autonomy Rights and Medical Information Research Paper


View 200+ other related papers  >>

How to Cite "Gather Useful Information About the New Century" Term Paper in a Bibliography:

APA Style

Gather Useful Information About the New Century.  (2006, November 2).  Retrieved March 30, 2020, from https://www.essaytown.com/subjects/paper/gather-useful-information-new-century/366389

MLA Format

"Gather Useful Information About the New Century."  2 November 2006.  Web.  30 March 2020. <https://www.essaytown.com/subjects/paper/gather-useful-information-new-century/366389>.

Chicago Style

"Gather Useful Information About the New Century."  Essaytown.com.  November 2, 2006.  Accessed March 30, 2020.
https://www.essaytown.com/subjects/paper/gather-useful-information-new-century/366389.