processor

a person who acts as a liason between your Loan Officer and the Underwriter to help facilitate the flow of paperwork which takes you from loan application to loan closing. Verifies info in the file, orders appraisals, title searches, flood certifications, collects loan approval conditions, coordinates the closing instructions with the Title Company.

In a computer, a functional unit that interprets and executes instructions. Note: A processor consists of at least an instruction control unit and an arithmetic unit.

See central processing unit.