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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 (Non-LDD) #MBAGlossary
Department Of Housing And Urban Development (HUD)

The U.S. Department of Housing and Urban Development is a federal agency established in 1965 to address housing needs, improve communities, and enforce fair housing laws, ensuring equal access to housing and community-based employment opportunities.

Term Source: MISMO (Non-LDD)

Term Type: Actor

Focus Area: #MBAGlossary, #MISMOApprovedAcronym

Perform Administrative Functions

The process of performing activities that occur throughout the lifecycle of a loan in servicing.

Term Source: MISMO (Non-LDD)

Term Type: Document

Focus Area: #MBAGlossary

 

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