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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 MBA Glossary
Business Day

1)Days on which a bank or market is open for business or trading; usually excludes Saturdays, Sundays and legal public holidays. 2)The type of day used by business partners to specify time-bound requirements for processing an eMortgage.

Term Source: MBA Glossary, MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage, #MBAGlossary

 

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