applicant’s loan risk assessment

FIND A SOLUTION AT Academic Writers Bay

Question 2
Model the following fragment of a business process for assessing loan applications.
A loan application is approved if it passes two checks: (i) the applicant’s loan risk assessment, done automatically by a system, and (ii) the appraisal of the property for which the loan has been asked, carried out by a property appraiser. The risk assessment requires a credit history check on the applicant, which is performed by a financial officer. Once both the loan risk assessment and the property appraisal have been performed, a loan officer can assess the applicant’s eligibility. If the applicant is not eligible, the application is rejected, otherwise the acceptance pack is prepared and sent to the applicant.
Question 3
Model the following fragment of a business process for assessing loan applications.
A loan application may be coupled with a home insurance which is offered at discounted prices. The applicant may express their interest in a home insurance plan at the time of submitting their loan application to the loan provider. Based on this information, if the loan application is approved, the loan provider may either only send an acceptance pack to the applicant, or also send a home insurance quote. The process then continues with the verification of the repayment agreement.
Question 4
Model the following fragment of a business process for assessing loan applications.
Once a loan application is received by the loan provider, and before proceeding with its assessment, the application itself needs to be checked for completeness. If the application is incomplete, it is returned to the applicant, so that they can fill out the missing information and send it back to the loan provider. This process is repeated until the application is found complete.
Question 5
Extend the fragment of a business process you created in Question 2.
The risk assessment rules are permanently stored in an electronic database, while the applicant’s credit history, property appraisal, risk assessment, loan application, and loan acceptance pack are paper based. Add several information artefacts including at least 2 data objects, a data store and make any relevant data associations.
The process for assessing loan applications is executed by four roles within the loan provider: a financial officer takes care of checking the applicant’s credit history; a property appraiser is responsible for appraising the property; an insurance sales representative sends the home insurance quote to the applicant if this is required. All other activities are performed by the loan officer who is the main point of contact with the applicant. Add a pool and at least 2 swim lanes to the process model fragm

Order from Academic Writers Bay
Best Custom Essay Writing Services

QUALITY: 100% ORIGINAL PAPERNO PLAGIARISM – CUSTOM PAPER