I'm going to offer a gentle correction. Lofting is the process of laying out the shape of a boat at full size, starting from a reduced-size set of plans. Working from a table of offsets to draw station forms is a part of the lofting process.

It sound like you are in the process of setting up the forms on the strongback and adjusting the forms (either by moving them or by subtle reshaping) so that there are no high or low spots. This process is generally called "fairing."

The lofting process often extends beyond just drawing the station forms, to include checking for fairness of the lines between the many forms. But this is done by springing battens through plotted points on the lofting floor. Once the forms are cut and assembled into the shape of a boat you're into fairing.