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NEW QUESTION: 1
A financial institution engaged in mortgage lending has embarked on a business process improvement initiative to eliminate the activities that hinder growth to ultimately improve the success rate of its mortgage business. As a benchmark for identification, the institution is keen on improving any business process that has less than a 75% success rate. The institution has appointed a business analyst (BA) to review the business transactions for the processes of origination, payments, and closures, as well as identify opportunities for improvements and recommend solutions.
The BA has collected the following information over the last three months pertaining to these business processes:
* All the business processes are at their maximum capacity in terms of the current number of transactions.
* Each business process has a certain number of rejects and the reasons for rejection include documentation, verification, collateral, and funding. Funding rejects occur when the bank's customers have failed to make payment of their mortgage processing fee or mortgage closure payment.
The BA has also recommended the use of documentation checklists as a solution to eliminate the documentation rejects.
Assuming the BA's recommendation to be true, what will be the new success rate of the mortgage closure process?
A. 10%
B. 20%
C. 90%
D. 58%
Answer: A
NEW QUESTION: 2
What is the difference between locking an Opportunity with an Approval Process and changing the record type to a page layout with all read-only fields?
A. Once denied the record will stay locked in the approval process.
B. No one can edit the record type with the read only fields and anyone can edit a locked record.
C. The edit button is disabled and a lock symbol appears on the record if it is submitted to the approval process.
D. When an Opportunity is locked, the submitter can edit it at any time to resubmit the record.
Answer: C
NEW QUESTION: 3
A. 0
B. 1
C. 2
D. 3
Answer: A
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