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Machine and Processor

noun

  • Any mechanical or electrical device that transmits or modifies energy to perform or assist in the performance of human tasks.
  • An efficient person.
    • usage: "the boxer was a magnificent fighting machine"
  • An intricate organization that accomplishes its goals efficiently.
    • usage: "the war machine"
  • A device for overcoming resistance at one point by applying force at some other point.
  • A group that controls the activities of a political party.
    • usage: "he was endorsed by the Democratic machine"
  • A motor vehicle with four wheels; usually propelled by an internal combustion engine.
    • usage: "he needs a car to get to work"

verb

  • Turn, shape, mold, or otherwise finish by machinery.
  • Make by machinery.
    • usage: "The Americans were machining while others still hand-made cars"

noun

  • A business engaged in processing agricultural products and preparing them for market.
  • Someone who processes things (foods or photographs or applicants etc.. )
  • Computer science) the part of a computer (a microprocessor chip) that does most of the data processing. (
    • usage: "the CPU and the memory form the central part of a computer to which the peripherals are attached"

Processor is a liaison between the loan officer and the funder of a loan. The processor's responsibility is to meet all of the pre-funding conditions of a loan including, gathering all documentation and the clarification of information.