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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.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Use of the labels is voluntary; however, if a product is labeled as `organic' and is not, the operating or processing company can be fined up to $10,000.
Specifically, officer applications decreased 17 percent, from 72 to 60 days; detention officer applications declined 37 percent, from 60 to 38 days; and civilian processing dropped 49 percent, from 49 to 25 days.
It is geared toward providing taxpayers with information that will reduce not only the emotional stress taxpayers face when dealing with the IRS but also the payment, processing and filing burden.
The project was initiated to find improved technical solutions for the processing of two of these new raw material and compound developments.
This study compares the effectiveness of a traditional approach to grammar teaching with what has been called "processing instruction".
Remittance processing, or "lockbox," is ideal for real estate operations where receivables are deposited into numerous - and sometimes hundreds - of bank accounts.
* Traditional processing methods tend to institutionalize antiquated, inefficient, and ineffective business processes.
In image processing, the contents of a document are captured by various photographic and scanning techniques.
* Was the patient recalled because of a computer processing error or of incomplete or unacceptable films?
these particles may enter a casting due to a number of reasons, such as poor wax or mold processing or the use of burnout ovens that have cracked shells from previous castings.
The 22nd International IKV Plastics Technology Colloquium, along with an exhibition, sponsored by the Institute of Plastics Processing, will take place March 10-12 at the Eurogress Aachen in Germany.
Process automation benefits the new business processing of uncomplicated, "clean" cases, and these cases typically represent much of a company's application volume.

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