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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A document issued by the Uniform Collateral Data Portal (UCDP) that summarizes the appraisal submission details, the status of the submission, and the Document File Identifier (Doc File ID) Loans delivered to Fannie Mae or Freddie Mac must have an appraisal with a "Successful" status in the UCDP prior to loan delivery.
Term Source: MISMO Life of Loan Business Process Model
Term Type: Document
Focus Area: #MISMOLifeOfLoan, #Origination
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