A mortgage process improvement team suspects that home loans over $500,000 take longer than less expensive loans.
Posted: Mon Sep 25, 2023 10:02 am
A mortgage process improvement team suspects that home loans over $500,000 take longer than less expensive loans. Which of the following could help them verify this as a root cause of lengthy mortgage Lead Time?
Stratify Lead Time data by large and small loan amounts and see if a Box Plot comparison shows a significant difference
Stop offering home loans in amounts greater than $500,00 and see if Lead Time decreases
Expedite all home loans of $500,000 or greater to ensure they have acceptable Lead Times
Monitor the staff offering home loans to see if they are spending their time wisely
Stratify Lead Time data by large and small loan amounts and see if a Box Plot comparison shows a significant difference
Stop offering home loans in amounts greater than $500,00 and see if Lead Time decreases
Expedite all home loans of $500,000 or greater to ensure they have acceptable Lead Times
Monitor the staff offering home loans to see if they are spending their time wisely