Business Glossary-Term List
Welcome to the MISMO Business Glossary - your online source of mortgage industry business terms and data point descriptions. Follow the links provided for Term Type; Focus Area; and Source descriptions; complete terms of authorized usage; and a more detailed description of the MISMO Business Glossary. Search tip: Use quotes for an exact search (e.g., "keyword or phrase").
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An electronic file that contains the Public Key, the name of the certificate holder (which may be either a person or a system name), and a date range during which the certificate can be considered valid as well as the Digital Signature of a Certificate Authority for Authentication, which provides assurance that the Public Key belongs to the entity to which the certificate was issued. A Digital Certificate may also be referred to as a Public Key Certificate.
Term Source: MISMO eMortgage
Term Type: Document
Focus Area: #eMortgage, #MBAGlossary
A document that is created, accessed, presented, and/or signed electronically. An eDoc may be a paper document that is converted to an electronic form.
Term Source: MISMO eMortgage
Term Type: Document
Focus Area: #eMortgage, #MBAGlossary
A contract or other record created, generated, accessed, sent, communicated, received, or stored by electronic means.
Term Source: MISMO eMortgage
Term Type: Document
Focus Area: #eMortgage, #MBAGlossary
See Transferable Record. This term is also defined in the MERS eRegistry Procedures Manual available at members.mersinc.org.
Term Source: MISMO eMortgage
Term Type: Document
Focus Area: #eMortgage, #MBAGlossary
A Negotiable Instrument is defined in Article 3 of the Uniform Commercial Code. Most Transferrable records related to first mortgage loans are intended to be Negotiable Instruments.
Term Source: MISMO eMortgage
Term Type: Document
Focus Area: #eMortgage, #MBAGlossary
A written unconditional promise to pay a specified sum of money in accordance with the terms of the writing.
Term Source: MISMO eMortgage
Term Type: Document
Focus Area: #eMortgage, #MBAGlossary
Information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
Term Source: MISMO eMortgage
Term Type: Document
Focus Area: #eMortgage, #MBAGlossary
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