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:When true, indicates the purpose of the extension of credit exempts the transaction from Regulation Z requirements.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies the creditor organization type exempts the transaction from Regulation Z Ability-to-Repay requirements.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to collect additional information when Other is selected for Ability To Repay Exemption Creditor Organization Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies the Loan Program that exempts the transaction from Regulation Z Ability-to-Repay requirements.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to collect additional information when Other is selected for Ability To Repay Exemption Loan Program Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies the reason that transaction is exempt from Regulation Z Ability-To-Repay requirements.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #ClosingDisclosure, #LDD
A free-form text field used to collect additional information when Other is selected for Ability To Repay Exemption Reason Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The ratio of all debt payments of the borrowers, including proposed housing expenses, to the qualifying income of the borrowers (back-end ratio) based on the note interest rate.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies the method by which the creditor satisfied Regulation Z Ability-to-Repay requirements.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #ClosingDisclosure, #LDD, #LoanApplication, #MISMO3.4_iLAD, #Origination
A value from a MISMO defined list that identifies how a loan is designated under TILA/Regulation Z.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to collect additional information when Other is selected as the Ability to Repay Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A unique value that represents a user defined version identifier.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery, #MISMO3.4_iLAD
Indicates the room is above grade and can be included in GLA.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A unique number (or alpha-numeric designator) assigned to a land Title Abstract document (i.e.: a sequential collection of documents relating to a specific parcel of land). The boundaries of a parcel of real property is determined from the information contained in the Title Abstract document.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Indicates that mortgagor participates in some sort of accelerated principal re-payment program which may be administered by a third party.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
An instruction as to the signing methods that are acceptable for this document. It does not reflect a document instance state.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Describes the number of accessory units associated with the structure.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true, indicates the user requested an account transcript which contains information about the financial status, penalties, and adjustments. Used on the IRS Form 4506T and 4506-C.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The 9 digit routing and transit number for the bank from which the payment is drafted.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The account type from which the payment is drafted.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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