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Bank Lending Process Flow Chart Commercial Loan Mortgage Home

Bank Lending Process Flow Chart Commercial Loan Mortgage Home Business

By Kate Le Grand at November 13 2018 06:46:34

Multiple inputs to the process exist : Some of them would be competition, lifecycle stage of the market, brand image, budget, etc... ; Complex decisions are made : There are many possible ways to achieve the process objectives (reach planned sales, leverage brand image, etc...) ; Each decision implies different levels of risk and potential benefits : It is the responsibility of the worker to choose the best one (low price strategy, aggressive advertising campaign, etc...) ; There are three main characteristics that make knowledge processes different from highly structured processes: Focus is on communication instead of automation.

What's a flowchart? A flowchart can be defined as a graphical representation of a sequence of operations or steps. In other words, it's an illustration of the various steps involved in a project or process. Typically, a flowchart consists of a number of boxes, arrows, and text that combine to form a sequence. Why create a flowchart? The purpose of a flowchart is to show the various steps of a process in a snapshot. By looking at the flowchart, the viewer should be able to identify the various steps involved in the process.

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Current research in information processing deals with programs that enable a computer to understand written or spoken information and to produce summaries, answer specific questions, or redistribute information to users interested in specific areas of this information. Essential to such programs is the ability of the system to generate grammatically correct sentences and to establish linkages between words, ideas, and associations with other ideas. Research has shown that whereas the logic of language structure-its syntax-submits to programming, the problem of meaning, or semantics, lies far deeper, in the direction of true AI.

In all cases, however, the task that the algorithm is to accomplish must be definable. That is, the definition may involve mathematical or logic terms or a compilation of data or written instructions, but the task itself must be one that can be stated in some way. In terms of ordinary computer usage, this means that algorithms must be programmable, even if the tasks themselves turn out to have no solution. In computational devices with a built-in microcomputer logic, this logic is a form of algorithm. As computers increase in complexity, more and more software-program algorithms are taking the form of what is called hard software.

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