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 X40S runs these applications across 10 application processing module (APM) blades that can be "virtually" grouped together for extended processing power.
The X40S runs security applications across ten application processing module (APM) blades that can be "virtually" grouped together for extended processing power.
Applix also reached a major milestone for iPlanning with the development of extended processing using 64-bit technology.

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