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 ?
By the same token, the move to centralized processing has fostered greater communication among the international operations.
He said, "With the integration of the Newgen software with our Centralized Processing Centre, we have now put in place end-to-end automation of the account opening, account management and funds transfer processes, effectively enabling us open instant accounts and improve our turnaround time in servicing customers who visit any Union Bank branch or touch point.
Lot 2: automated transport using plastic bins included with return control via information from the centralized processing of screening machines, as well as optional maintenance.
The CRAS will transition existing special protection systems from an Intelligent Electronic Device (IED) at substations to a redundant and highly secure centralized processing system.
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.

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