Processing


Definition of "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.



Search Real Estate Glossary

 

Related Real Estate Glossary terms

Certificate

Same as term Certificate of Insurance: document in life and health insurance issued to a member of a ...

Livestock Floater

Standard Commercial Property Floater form covering death or damage to livestock as the result of ins ...

Dual Life Stock Company

Stock life insurance company that sells participating insurance and nonparticipating insurance. ...

Water Table

Distance from the location of natural ground and water to the actual ground level. ...

Buy-sell Agreement

Partnership agreement where the parties consent to purchase the interest of those leaving the partne ...

Summary Proceeding

Way to obtain a faster decision in a legal case than going to a trial. Procedural rules are followe ...

Related Real Estate FAQ

What Is Commission?

The fee an agent earns for the sale of a home-usually a percentage of the selling price. ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and ...

When Should I Get Travel Insurance?

You should definitely consider getting travel insurance when doing or bringing any of the following ...

What Do I Need To Know About Term Life Insurance?

Provides financial protection for a limited, specified period of time, at a lower cost than permanen ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a ho ...

Is Depreciation Common?

Generally, real property never depreciates in value, or more so, it is not very common for property ...

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

Getting Ready to Sell? Don't make these DIY Mistakes! 5 signs of house foundation problems 6 Reasons you are not selling properties How Does The Home Loan Underwriting Process Work? What is Escrow and how does it Work?

FAQ

What is a FHA mortgage? What is a title search? What is a survey? What do I need to know about Term Life Insurance? What is comprehensive homeowners insurance?