a)" The traditional role of the loan officer in personally visiting clients and assessing their character faded, increasingly replaced by impersonal, high-volume computer methods that awarded points for various borrower characteristics..........." Explain your full understanding of this statement as it relates to consumer credit, and also stating on whether the same statement can hold for corporate lending. (20 marks) 2 b)Explain what credit scoring is, how the system works and its major limitations. (10 marks)