QUESTION ONE:

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. Outline the optimal fragment of a business process model for assessing this Loan application with comments.

QUESTION TWO

A faculty at UPSA received new credit request, after the risk is assessed. Now if the risk assessed is above a threshold, then more risk assessment is required to be executed, otherwise, a simple risk assessment will suffice. Unpon completion of the assessment, the faculty is notified of the result while the disbursement is organized. Taking into consideration that the result of an assessment is always positive. Provide the precise Business Process model for accessing the UPSA credit Union risks with comments.

QUESTIONS THREE

After a claim is submitted, it is examined by a claims officer who then writes a settlement recommendation. This recommendation is then checked by a senior claims officer who may mark the claim as LEGAL or FRAUDULENT CLAIM. If the claim is marked as FRAUDULENT CLAIM, it is sent back to the claims officer and the recommendation is repeated. If the claim is LEGAL, the claim handling process proceeds. Provide the optimal fragment of a business process model for insurance claims with comments