What is the meaning of Processing?

Processing are the steps a lender takes with your loan application to gather your information for underwriting. Processing involves building your file of information for your loan. Processing includes getting the credit report, appraisal, verification of employment, assets, etc.

5
 
|15 years ago|108 views|share |citing 
APABarry Goldsmith. (2010). processing. Retrieved September 20, 2026, from http://smartdefine.org/processing/definitions/1161235
ChicagoBarry Goldsmith. 2010. "processing" http://smartdefine.org/processing/definitions/1161235 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, processing, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/processing/definitions/1161235>.
MLABarry Goldsmith. "processing" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/processing/definitions/1161235>
{ class="autoclick" }next definition (/)