A small mortgage lender has one receptionist, four loan officers, and two office managers. When applicants apply for a new loan in person, they first fill out paperwork with the receptionist. Then the applicants meet with one of the loan officers to discuss their needs. The loan officer spends additional time processing the application after the applicants leave the office. Finally, the application must be reviewed by an office manager before it can be approved. The following table lists the processing times at each stage. The office is open for 8 hours per day, 5 days per week Staffing (Number of Employees) Processing Time (Hours per Loan) Resource Receptionist Loan officers 1 4 7 Office managers 2 4 Round "Utilization rate" to a whole percent. Round "Cycle time" to 2 decimal places. Round "Utilization of loan officers" to 1 decimal place. es a. What is the bottleneck of the process? Office managers Assuming unlimited demand, what is the process 20 loans per week b. flow rate (in loans per week)? If customer demand is 18 loans per week, what is c. 90 percent the utilization of the office managers resource? If customer demand is 18 loans per week, what is the cycle time (hours) of the process? hours d. If customer demand is 24 loans per week, what is e. the utilization of the loan officers? percent If customer demand is 24 loans per week, what is the cycle time (hours) of the process? hours Assuming that the office currently has no backlog of d. loans that it is processing, how long will it take to complete 10 loans? 29 hours A small mortgage lender has one receptionist, four loan officers, and two office managers. When applicants apply for a new loan in person, they first fill out paperwork with the receptionist. Then the applicants meet with one of the loan officers to discuss their needs. The loan officer spends additional time processing the application after the applicants leave the office. Finally, the application must be reviewed by an office manager before it can be approved. The following table lists the processing times at each stage. The office is open for 8 hours per day, 5 days per week Staffing (Number of Employees) Processing Time (Hours per Loan) Resource Receptionist Loan officers 1 4 7 Office managers 2 4 Round "Utilization rate" to a whole percent. Round "Cycle time" to 2 decimal places. Round "Utilization of loan officers" to 1 decimal place. es a. What is the bottleneck of the process? Office managers Assuming unlimited demand, what is the process 20 loans per week b. flow rate (in loans per week)? If customer demand is 18 loans per week, what is c. 90 percent the utilization of the office managers resource? If customer demand is 18 loans per week, what is the cycle time (hours) of the process? hours d. If customer demand is 24 loans per week, what is e. the utilization of the loan officers? percent If customer demand is 24 loans per week, what is the cycle time (hours) of the process? hours Assuming that the office currently has no backlog of d. loans that it is processing, how long will it take to complete 10 loans? 29 hours