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A normal part of the mortgage application process, conditional approval means the lender will give you a home loan, provided you address certain additional criteria.
A flowchart is a type of diagram that represents a workflow or process. A flowchart can also be defined as a diagrammatic representation of an algorithm, a step-by-step approach to solving a task. The flowchart shows the steps as boxes of various kinds, and their order by connecting the boxes with arrows.
Prequalification is a simple, quick process that provides a general indication whether you would qualify for a mortgage. Preapproval requires providing extensive documentation regarding your ...
In lending, a pre-approval is the pre-qualification for a loan or mortgage of a certain value range. [1]For a general loan a lender, via public or proprietary information, feels that a potential borrower is completely credit-worthy enough for a certain credit product, and approaches the potential customer with a guarantee that should they want that product, they would be guaranteed to get it.
Figure 1: Functional flow block diagram format. [1] A functional flow block diagram (FFBD) is a multi-tier, time-sequenced, step-by-step flow diagram of a system's functional flow. [2] The term "functional" in this context is different from its use in functional programming or in mathematics, where pairing "functional" with "flow" would be ...
The functional flow block diagram (FFBD) is a multi-tier, time-sequenced, step-by-step flow diagram of the system's functional flow. [14] The diagram is developed in the 1950s and widely used in classical systems engineering. The functional flow block diagram is also referred to as Functional Flow Diagram, functional block diagram, and ...
In Figure 10 an example of a process-data diagram is illustrated. It concerns an example from the orientation phase of complex project in a WebEngineering method. [1] Notable is the use of open and closed concepts. Since project management is actually not within the scope of this research, the concept CONTROL MANAGEMENT has not been expanded.
To create a SIPOC diagram, one must first map the overall process in a few steps. Then one must identify process outputs, who will receive them, and what the necessary inputs and suppliers are for each process. The final step is to share the diagram with the stakeholders to evaluate and verify the results. [5]
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