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Fragment of business process for assessing loan applications

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Reference no: EM132906343

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.

Reference no: EM132906343

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