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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Search on:A MERS eRegistry Request that includes a Digital Signature and Registration data. (No eNote is presented at Registration).
Term Source: MISMO eMortgage
Term Type: Event
Focus Area: #eMortgage
Any notarial act performed electronically, that a notarial officer may perform under state law.
Term Source: MISMO eMortgage
Term Type: Event
Focus Area: #eMortgage
1) The act of registering the security instrument electronically with the county recorder or similar jurisdictional authority. 2) An act of registering the security instrument and other recordable documents electronically with the county recorder or similar jurisdictional authority. eRecording does not require the security instrument to be electronically executed. A county often records a scanned image of the paper security instrument when it eRecords. For models of eRecording, see the PRIA Technology Committee Business Requirements Work Group: Models of eRecording - A Continuum of eRecording - https://www.pria.us/i4a/doclibrary
Term Source: MBA Glossary
Term Type: Event
Focus Area: #eMortgage, #MBAGlossary
An act, whether performed with respect to a tangible or electronic record, that a notarial officer may perform under the law of a specific state. The term includes taking an acknowledgement, administering an oath or affirmation, taking a verification on oath or affirmation, witnessing or attesting a signature, certifying or attesting a copy, and noting a protest of a negotiable instrument.
Term Source: MISMO eMortgage
Term Type: Event
Focus Area: #eMortgage
Remote notarization of paper documents via audio-video communication platform (Skype, Facetime, etc.)
Term Source: MISMO eMortgage
Term Type: Event
Focus Area: #eMortgage
Remote online notarization of electronic documents with use of multi-factor authentication.
Term Source: MISMO eMortgage
Term Type: Event
Focus Area: #eMortgage
A notarial act in which paper documents are notarized in wet ink in the physical presence of the notary.
Term Source: MISMO eMortgage
Term Type: Event
Focus Area: #eMortgage
AUTHORIZED USAGE: All usage of this product is dictated by the terms and conditions within the MISMO 2018 Intellectual Property Rights (IPR) Policy. For more information, please see complete Authorized Usage / Patent Disclosure Request or contact [email protected].