Mortgage processing is the series of steps that lenders take to evaluate and approve a borrower's application for a home loan. This process begins when a borrower submits their application, which includes personal and financial information. The lender then reviews this information, checks the borrower's credit history, and assesses their ability to repay the loan. Once the initial review is complete, the lender orders an appraisal of the property to determine its value. After verifying all details, the lender makes a decision on whether to approve or deny the mortgage. If approved, the final documents are prepared for closing, allowing the borrower to secure their new home.