Question

Text: Exercise 3.2: Provide a Signavio process model which will model the following fragment of a business process for assessing a loan application. See example output in back of this assignment. Your output model submitted should look exactly the same (notations and wording). Fill in the appropriate decision node (?) that should be applied based on the process. 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. Text: Exercise 3.3: Provide a Signavio process model which will model the following fragment of a business process for assessing loan applications. See example output in back of this assignment. Your output model submitted should look exactly the same (notations and wording). Fill in the appropriate decision node (?) that should be applied based on the process. A loan application may be coupled with a home insurance which is offered at discounted prices. The applicants 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.

Answer 1

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In solution 2 the steps of Credit check and whether applicant is eligible on basis of the credit score and application were missing.

In solution 3.3, the steps of whether applicant requested for a home insurance quote and customers’ repayment agreement steps were missing.

Reject Application Check credit history Assess Loan Risk applicant not eligible Loan Application Rejected Applicant eligible for Credit Check Assess Eligibility loan Loan Application Received Appraise Property applicant eligible Prepare acceptance pack Send Acceptance Pack Acceptance pack sent Solution 3.2

always Send accptance pack 0265oo Prepare Acceptance Pack Check if home insurance quote is requested Home insurance quote not requested? Customers Repayment Agreement Verify Repayment Agreement Loan Application Approved Loan Application Completed Send home insurance quote home insurance quote requested Solution 3.3