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Read the current home equity loan process at faircloth

Question: Business Mapping of Processes

Read the current home equity loan process at Faircloth Financial and map the current process.

Identify any rework loops and delays in the process. What causes these? What is the impact on cycle times?

How might this affect customers' willingness to do business with Faircloth? What changes might you recommend to redesign this process with the needs of the customer in mind?

Please use the requested reference.

REFERENCE:

Bozarth, C.C. and Handfield, R.B. (2012). Introduction to operations and supply chain management (3rd ed.). CH 1-5

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