Processing

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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 ?
Art's-Way manufactures and distributes farm machinery niche products including animal feed processing products, sugar beet, potato and edible bean equipment and land maintenance products.
The Company's product mix offers some measure of protection in that domestic sugar prices are relatively stable and feed processing customers are seeing major reductions in their feed costs.
niche products such as animal feed processing products, sugar beet and
While this decision represents a major victory for IUC in its pursuit of the alternate feed processing business, the State of Utah has indicated that it intends to appeal Judge Bloch's decision to the Commissioners of the NRC for review.
manufactures and distributes agricultural related niche products, such as animal feed processing products, sugar beet harvesting products, land maintenance products, and lawn, garden and recreational products.
For fiscal year 1998, IUC made progress in the three main areas of its business plan: mining operations, alternate feed processing and mineral exploration.
Losses in the second quarter were principally due to substantially lower sales of hog related feed processing products, major production cutbacks of these products and related unabsorbed overhead.
Through the third fiscal quarter, IUC continued to make progress in the three main areas of its business plan: mining operations, alternate feed processing and mineral exploration.