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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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#MBAGlossary #DGMFitForPurpose
Confidentiality

Data and information assets must be confined to authorized access and not be disclosed to others who do not have a need to know. Exact criteria for criticality is to be determined by each organization

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose, #MBAGlossary

Generally Accepted Accounting Principles (GAAP)

A framework of accounting standards, rules and procedures defined by the professional accounting industry, which has been adopted by nearly all publicly traded U.S. companies.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Other

Focus Area: #DGMFitForPurpose, #MBAGlossary

Home Mortgage Disclosure Act (HMDA)

Federal legislation which requires certain types of lenders to compile and disclose data on where their mortgage and home improvement loans are being made.

Term Source: MBA Glossary

Term Type: Document

Focus Area: #DGMFitForPurpose, #MBAGlossary, #MISMOApprovedAcronym

 

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