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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Search on:See Transferable Record. This term is also defined in the MERS eRegistry Procedures Manual available at members.mersinc.org.
Term Source: MISMO Life of Loan Business Process Model
Term Type: Document
Focus Area: #eMortgageGlossary, #MBAGlossary
A document furnished by a Title Agent/Closing Agent to disclose closing costs that may be associated to the transaction. Also known as a Preliminary Fee Sheet or Quote.
Term Source: MISMO Life of Loan Business Process Model
Term Type: Document
Focus Area: #Origination
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
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].