Processing


Definition of "Processing"

Tim Watson
  Tim Watson Realty

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.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Common Carrier

Transportation firm that must carry any customer's goods if the customer is willing to pay. Common c ...

Portfolio

Insurance company's total investments in financial securities. ...

Re-equitization

Deleveraging of the insurance company's balance sheet. ...

Flexible Portfolio Accounts

Accounts in which assets are allocated across the spectrum of equity, debt, and money market instrum ...

Automobile Physical Damage Insurance

Coverage in the event an insured's automobile is damaged, destroyed, or lost through fire, theft, va ...

Reinstatement

Restoration of a policy that has lapsed because of nonpayment of premiums after the grace period has ...

Related Real Estate FAQ

What Is A APR Loan?

This APR Calculator can be used to estimate the Annual Percentage Rate for a loan based on input par ...

What Is A FHA Mortgage?

A FHA mortgage is when the government guarantees Federal Housing Authority loans. You can put down a ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Is A Home Warranty?

A home warranty is a guarantee for certain features of a new home-for instance, the materials and wo ...

What Does Fannie Mae Mean?

Fannie Mae is a name used by the Federal National Mortgage Association, which is a government-charte ...

What Is A Loan Origination Fee?

A loan origination fee is a fee charged by the lender-usually 1 percent of the loan amount. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

What is Hazard Insurance? Foreclosure - The Pros and Cons of Buying 7 Things to Consider Before Moving to a New City When to Dispute Your Home Appraisal 10 Tips for Homebuyers

FAQ

What are basis points? What is a contingency? Besides making my monthly mortgage payment, how can I build equity into my house? What is a subdivision? What is a home warranty?