Processed and Processor

verb

• Subject to a process or treatment, with the aim of readying for some purpose, improving, or remedying a condition.
  • usage: "process cheese"; "process hair"; "treat the water so it can be drunk"; "treat the lawn with chemicals"; "treat an oil spill"
  • synonyms: process, treat
• Deal with in a routine way.
  • usage: "I'll handle that one"; "process a loan"; "process the applicants"
  • synonyms: process
• Perform mathematical and logical operations on (data) according to programmed instructions in order to obtain the required information.
  • usage: "The results of the elections were still being processed when he gave his acceptance speech"
  • synonyms: process
• Institute legal proceedings against; file a suit against.
  • usage: "He was warned that the district attorney would process him"; "She actioned the company for discrimination"
  • synonyms: action, sue, litigate, process
• March in a procession.
  • usage: "They processed into the dining room"
  • synonyms: march, process
• Shape, form, or improve a material.
  • usage: "work stone into tools"; "process iron"; "work the metal"
  • synonyms: work, work on, process
• Deliver a warrant or summons to someone.
  • usage: "He was processed by the sheriff"
  • synonyms: serve, process, swear out

adjective

• Subjected to a special process or treatment.
  • usage: "prepared ergot"; "processed cheeses are easy to spread"
• Freed from impurities by processing."refined sugar"; "refined oil"; "to gild refined gold- Shakespeare
  • synonyms: refined
• Prepared or converted from a natural state by subjecting to a special process.
  • usage: "processed ores"

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"
  • synonyms: central processing unit, CPU, C. P. U., central processor, mainframe

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.