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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.

References in periodicals archive ?
The PHM subsystem will be used for storage, distribution, and extended processing of onboard information concerning aircraft health, safety, diagnostics, and prognostics.
The 2200/500 can be coupled with other 2200 Series systems through Unisys Extended Processing Complex (XPC), giving the customer an incremental growth path exceeding 600 times the smallest 2200 system without changing applications, databases or networks.
The X40S runs these applications across 10 application processing module (APM) blades that can be "virtually" grouped together for extended processing power.

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