PriSim® customized a Mortgage Banking Simulation – Cycloan™, for Washington Mutual. The simulation models a working, growing loan center, and teams compete for profit and market share. Washington Mutual needed to effectively communicate the way business success at the company was measured, and the way revenues, expenses, and profitability were reported. As participants run the simulated loan center, results feed into the rest of the organization and demonstrate how those branch-level decisions impact profitability.
“CycloanTM provided us with a real-time view of our strategies and our ability to react to ever changing market conditions. It allowed us to bring into perspective for the participants their role in managing a market by allowing them to view the business holistically on an added-value basis. It is an engaging exercise with real-world relevance that will improve any participant’s awareness of business management.”
– Executive Vice President