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 ?
The first step was to agree upon and document a set of repeatable systems engineering processes.
Guidelines for tailoring the systems engineering processes
Cross-program engineering processes to address critical program interdependencies for DoD's future net-centric environment.
In developing the internal perspective of their strategy map, managers identify the processes that are the most important for their strategies.
But even with an emphasis on one of the four clusters of internal processes--operations management, customer management, innovation and regulatory/social--companies must still follow a "balanced" strategy and invest in improving processes in all four clusters.
Cost savings from improvements in operational processes deliver quick benefits (within six to 12 months).
Asynchronous change control processes present a more complex landscape that can be simplified on an ongoing basis.
Other examples of triggers are business events, such as corporate strategy changes, organizational restructuring, fluctuation in workforce size, and modification of business processes; or technology evolution, such as business application changes, new infrastructure offerings (connections/bandwidth, systems/operating systems, integration services, support software), and anomalies (bugs, security alerts, and viruses), iT staff traditionally manage change by providing mechanisms that react to the triggers, keeping in mind that triggers may indicate proactive or reactive processes.
du Pont de Nemours, for example, the operations processes were turned inside out to launch a substantial financial turnaround.
While these processes may not represent hard assets per se, they represent value.
The combination of these two capabilities enables TeamTrack to agnostically span functionality and processes across any Web services-enabled applications, connecting disparate people and systems across the enterprise.
Now TeamTrack allows organizations to take advantage of functionality of any ALF-enabled application in such a way that all operational processes can be managed by TeamTrack.