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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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MISMO eMortgage Event
Data Point Registration

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

eNotarization

Any notarial act performed electronically, that a notarial officer may perform under state law.

Term Source: MISMO eMortgage

Term Type: Event

Focus Area: #eMortgage

Notarial Act

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 Ink Notarization (RIN)

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 (RON)

Remote online notarization of electronic documents with use of multi-factor authentication.

Term Source: MISMO eMortgage

Term Type: Event

Focus Area: #eMortgage

Traditional Wet Ink Notarization (TWIN)

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].