Business Glossary

The MISMO Business Glossary is a business-friendly glossary of terms and definitions representing content from MISMO and non-MISMO sources.  The glossary includes information about common business processes, business events, business terms, calculations, documents, forms and much more. There are over 7,000 terms within the glossary and it continues to grow!

Updated Version
An updated version of the MISMO Business Glossary was published in May of 2021.

New terms were added specific to the Data Governance & Management Community of Practice Fit-for-Purpose framework (DG&M CoP), along with a set of enhancements to Business Reference Model's Life of Loan product. This iteration introduces MISMO version 3.5 acronyms and definitions, which will serve as a starting point for many more acronyms in a future release.

A collaborative effort within MISMO has allowed for the development of a new set of hashtags to help describe a set of terms associated to the industry datasets, including:

  • Uniform Appraisal Dataset for MISMO 2.6 (UAD)
  • Uniform Loan Delivery Dataset for MISMO 3.0 (ULDD)
  • Uniform Closing Dataset for MISMO 3.3 (UCD)
  • Industry Loan Application Dataset for MISMO 3.4 (iLAD)
  • Uniform Loan Application Dataset for MISMO 3.4 (ULAD). 

For information on the specific updates that will be included, please read the accompanied Release Notes when they are released.

MISMO's Business Glossary Content was derived from the following sources of content:

  • MISMO standards 
  • eMortgage Glossary
  • Business Reference Model
  • Logical Data Dictionary (LDD)
  • MBA Business Glossary
  • Data Governance & Management CoP (DGM)
  • Retired Logical Data Dictionary (LDD)
  • GSE Extension
  • iLAD Extension

For more detailed information on the sources please go to the link on the left side of the page.

Category types and #Hashtags are included to provide added context for MISMO Business Glossary terms. Categories and hashtags are a way to group related terms. Every term in the Glossary is associated with a single specified Category Type. Further, terms in the Glossary may be assigned one or more hashtags.  

MISMO encourages users to send comments/edits/suggestions for the Business Glossary to info@mismo.org.

Access Information:  

MISMO Members can access a fully downloadable version of the Business Glossary in the Resource Library housed on MISMO's Collaboration Site, "MISMO Connect" here

Non-Members can access the Business Glossary here

For additional information, contact us at info@mismo.org.

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