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.

The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Some mammography films are designed to be processed using standard processing cycles (90 to 150 seconds), while others are made for extended processing (170 to 210 seconds), and some can be processed either way.
With regard to efficiency, the planning process will be slowed significantly by the intensive debate over every aspect of every possible development land allocation and by the extended processing of planning applications when they are submitted.
Typical construction project time frames generally match those of private contractors, although inmate lock downs, security checks and extended processing times in inmate-occupied areas can affect the schedules.

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