The Internet mortgages are currently a fast growing market, allowing selling mortgages cheaper andfaster than in the traditional methods such as in bank departments.Given the specificity of selling mortgages in the Internet, banks try to sell more mortgages by spendingmore money on advertising and paying higher commission to the brokers selling their products. It is important tooptimise the amounts of money in both sectors (the balance of money for advertising and for brokers) and tocompare these amounts with the level of mortgages can be sold within this period (which is related to theeconomic indicators such as the current level of interest rate, unemployment rate etc.)It is suggested to create a knowledge base rule model defining the Internet mortgage market which willinclude the variables important for the problem (preliminary choice of such indicators the level of commissionthat is paid to the brokers, the current interest rate in the country), restrictions concentrating optimising theamounts of money that will be spend with the correlation to the current possibilities of selling mortgages(defined by the current situation of the economy). The model will be supported with the data from two banks andtwo brokers representing the market.
Authors
Additional information
- DOI
- Digital Object Identifier link open in new tab 10.1002/pamm.200910262
- Category
- Aktywność konferencyjna
- Type
- publikacja w wydawnictwie zbiorowym recenzowanym (także w materiałach konferencyjnych)
- Language
- angielski
- Publication year
- 2010
