DFD

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Data Flow Diagram

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  • 1. CUSTOMER BANK Application & Documents DocumentationBank Records Documents Reviewed and adds new records Record Checks Under -writer Bank Reserves Checking of amount Takes out therequired amount Asks the underwriter to check Checks the documents Bank is informed if the loan is approved or not Escrow Company Documents are drawn Funding Check is issued Transaction is Closed Signing of documents STEP 8 STEP 7 DFDOFMORTGAGE PROCESS