Malocal bank, kan ufficers must evaluate loan application hefare approving or denying them. During this evaluation proces

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Malocal bank, kan ufficers must evaluate loan application hefare approving or denying them. During this evaluation proces many factors regarding the loan request and the ap plicant's background are considered. If the loan as for less than $2000, the loan officer checks the applicant's credit report. If the credia report is rated good or excellent, the boan uffiere approves the loan. If the credit report is rated Eair, the officer checks to see if the applicant has an account at the bank if the applicant holds an account, the applica don isappened otherwise, the application is denied. If the eredit report is rated poor, the application in denied, Lois applications for amounts hervern $2000 and $200,000 are divided in four categories: car mortgage, education, and other, For car, meetgage, and other loan requests, the ap plicant's credit report is reviewed and an employment check is made to verify the applicant's reported salary income. If the credit report cating is poor, the loan is denied. It the credit report rating is fair, good, or excellent and the sal ary income is terified, the loan is approxed. If the salary Income is not verable, the applicant is contacted and ad ditional information is requested. In this case, the loan ap plication, along with the additional information, is it to the vice president for review and a final loan decision. For educational loss, the educational institution the applican will anend is contacted to determine the estimated cost of attendance. Thic amount is the compared to the amount of the loan requested in the application. If the requested amount exceeds she cost of attendance, the loan is denied. Otherwise, education loan requests for amounts between $2000 and $34,909 are approved it the applicants credit rat ing is faic, good, or excellent Education loan applications requesting amounts from $15,000 to $200,000 are approved unly if the credit rating is good or excellent. All loan appl cations for amnis greater than $200.000 are sent to the xice president for review and approval. Use a decision table to represent this logic.

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Related Book For  answer-question

Modern Systems Analysis And Design

ISBN: 9780132991308

7th Edition

Authors: Jeffrey A Hoffer, Joey George, Joseph S Valacich

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