Using the risk assessment model please identify and discuss the red flags, hazards and your concerns with a typical loan application.

Complete the risk assessment process with a decision and a rationale (including safeguards) for that decision.

Indicate all of the details and descriptions related to the items below. Analyze them separately and then together. Noting all red flags, hazards and safeguards

Explain the concept of each of the 4 steps as if explaining to someone who knew nothing about the process.

YOU can use some (but not limited to) the points indicated in each step . 1) Assess the Borrower Income ( verifiable ) Loan- terms Financing characteristics, Gdsr, Tdsr, Income and Net worth