Processing

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Related to centralized processing: decentralized processing, Distributed processing

Processing

Compiling and maintaining the file of information about the transaction, including the credit report, appraisal, verification of employment and assets,and so on.

Mortgage brokers usually process the loans they handle. The processing file is handed off to underwriting for the loan decision.

References in periodicals archive ?
To further increase cost efficiencies and streamline financial operations, MetLife's international subsidiaries were set up as local databases within a virtual shared server or centralized processing environment.
These devices allow transactions to be managed at the edge of the network instead of requiring centralized processing through MasterCard's own systems.
DataTreasury was issued the patents in 1999 and 2000 for image capture, centralized processing and electronic storage of document and check information.
5,910,988 and 6,032,137, which were issued to DataTreasury in 1999 and 2000 for image capture, centralized processing and electronic storage of document and check information.
Image capture enables each branch to scan all locally processed checks on-site and electronically transmit the image files to the bank's centralized processing center, eliminating the need for couriers.
5,910,988 and 6,032,137, which were issued to DataTreasury in 1999 and 2000 for image capture, centralized processing and electronic storage of document and check information, and it is the subject of a series of high-profile patent-infringement lawsuits DataTreasury has filed against a number of banks and financial-services companies.
The efficiencies of our centralized processing and the transportation advantages of our Memphis location mean we can provide surgeons with their requested allografts quickly.

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