you've almost got the order down, streetdoc. let me tweak it a bit...
1)Submit AMCAS. Application is "in line to be processed"
2) preliminary info sent to schools you're applying to (address, mact score if available, major... basic demographic info) AMCAS periodically updates the info as your app gets verified, so the transmission date to schools on the first page of the AMCAS keeps changing. Once your application has been checked against your official transcripts, your app will be verified. You don't receive any kind of notification saying your app has been verified. Caveat: some schools (MCP/Drexel for instance), are only receiving paper copies from the AMCAS gods. There won't be a transmission date for these schools, but they'll still send you secondaries.
3) Most schools send you secondaries just based on the preliminary info (your address). Some schools screen applications before sending secondaries and will wait for your entire file to be processed and verified before sending you an application.
4) If schools like your secondary and LORs, they'll send you an invitation for an interview. Some schools only want you to send LORs if they ask for them, but most want them before you'll be considered for an interview. An exception to this is Vanderbilt, which screens for interviews based solely on your AMCAS.
5) You get accepted, rejected, or waitlisted. But I'm sure you already knew that part.🙂
hope this helps 🙂