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A finance company receives 1 , 0 0 0 loan applications per 3 0 day working month and makes accept / reject decisions based upon

A finance company receives 1,000 loan applications per 30
day working month and makes accept/reject decisions based
upon a thorough review. On average, 20% of all applications
receive approval. An internal audit revealed that the
company has 500 applications in process at various stages.
In response to customer complaints, the company forms an
initial review team to pre-process all applications. Each
application will be categorized either A (excellent), B (needs
more detailed review), or C (reject). On average 25% of the
applications are type A,25% are type B, and 50% are type C.
70% of type A and 10% of type B applications are approved on
review. Internal audit checks show that 200 applications are
with the initial review team, 25 with the type A team, and 150
with the type B team.
Has customer service improved? Why?

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