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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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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

Discovery

Non Personally Identifiable Data used for research or under evaluation for use in the organization.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose

Information Classification

The practice of identifying the sensitivity of information considering the risk and impact of the information being accessed, disclosed, modified, used or destroyed without proper authorization and the potential harm resulting from such unauthorized access, disclosure, modification, use or destruction.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose

Proof of Concept

An experiment or pilot project, which demonstrates the feasibility of a design concept, business proposal, etc.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose

Recovery Time Objective (RTO)

Time by which services must be resumed to business-critical activities and/or their dependencies and any relevant data recovered and restored.

Term Source: Data Governance & Management CoP (DGM)

Term Type: Process

Focus Area: #DGMFitForPurpose

 

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