Risk Management Process

Risk management is the process of making and carrying out decisions that will minimize the adverse effect of accidental losses upon our company. The risk management process is vital to the personal health and safety of employees and the safety of the public. In financial terms, it is vital to our ability to pursue our goals, commence and operate programs, and to perform duties in an efficient and professional manner.

The senior management of organization John Marsh has formed a risk management program to pursue our risk management goals and objectives. These goals and objectives include:

Avoiding exposure to accidental loss by not undertaking functions, contracts, programs or activities where the potential loss is greater than the potential benefit to be derived from these undertakings.
Preventing loss by identifying loss exposures and implementing policies and procedures to reduce the risk of these losses occurring
Controlling losses that do occur by:
Assisting and supporting injured parties
Developing contingency plans for possible loss scenarios
roper documentation and investigation of losses
Determining the most cost effective balance of different risk financing tools
Raising the awareness of all board members, senior managers, employees, volunteers and residents concerning risk management within our organization. These goals and objectives will be accomplished by:
Establishing a Risk Management Committee with representatives from each department, whose responsibilities will be to implement, monitor, evaluate and revise plans to achieve our goals and objectives?
Electing a Risk Management Coordinator to serve as the head of the Risk Management Committee and report to the council
Including risk management as an item for discussion at every staff meeting

Cooperation is needed, and expected, from all management and employees. Only by working as a team with common goals and objectives can we ensure the success of this risk management program.

TESTIMONIALS

Letter of Recommendation
It is with great pleasure that I am writing to endorse Nationwide Management Services, Inc. I am the Operations Manager and I have worked with John Marsh, who is the Executive Director for Nationwide for a little over a year now. My first contact with John was regarding a door knock service his company offered for mortgage companies. Since partnering with the team I have had the pleasure of watching their company grow into a well-rounded service provider for not only home mortgage companies but also the automobile industry. They will be an excellent addition to any company looking to make contact and/or check on their mortgaged property.
- C. Binger; Operation Manager - Auto Dealership
Nationwide Management Services wins our approval!
When it was time to look for a new company to handle our outside servicing needs for our assets, I didn't have to look no further than Nationwide Management Services. After the first order I gave them at 5:00PM on a Friday night, I had the results of a field call before I even went home and the rest were there waiting for me on Monday. The quality of the products and services they offer I have found to be one of the best in the industry.
- C. Hammons; Loan Servicing Manager - Mortgage Services
Pleased to recommend Nationwide Management Services, Inc.
I'm pleased to recommend Nationwide Management Services (NMSI) to your company. Since early 2011, I have worked directly with John Marsh, President of Nationwide Management Services, and we have entrusted them with sensitive member information and we are happy with the results they have provided us. They are dedicated towards providing a real solution to us while servicing our delinquent accounts. NMSI provides us with face to face field visits and letter delivery. They have always been on time and on budget with their services, I recommend them without hesitation and continue to use their services.
- C. Carignan; Credit Risk Manager - Credit Union
Bank Success
Most recently, our efforts to obtain updated financial documents from loan borrowers became a collaborative effort with Nationwide. Again, using the network that we knew Nationwide possessed, coupled with their ability and desire to develop software solutions for placement and tracking of accounts placed for collection of tax returns, rent rolls, leases and personal financial statements, we have seen results that we deem as very and anticipate recovery rates will increase as the process continues to evolve.
- J. Strathman; Collection Counsel - Commercial Bank

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Risk Management Process

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