Business Glossary-Term List

A free-form text field used to collect additional information when Other is selected for the Loan Credit Score Selection Method Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanApplication, #LoanDelivery, #MISMO3.4_iLAD, #Origination

The one credit score value that represents the overall credit risk on the loan. This value is determined using credit score values for each qualifying borrower.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanApplication, #LoanDelivery, #MISMO3.4_iLAD, #Origination

Indicates that the loan was manually underwritten.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery

The date when the loan is scheduled to be paid in full as reflected on the Note.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery

The scheduled number of periods (as defined by Loan Maturity Period Type) after which the loan will mature.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanApplication, #LoanDelivery, #MISMO3.4_iLAD

The unit of time used to define the period over which the loan matures. Used in conjunction with Loan Maturity Period Count.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanApplication, #LoanDelivery, #MISMO3.4_iLAD

The date on which the Modification Agreement goes into effect.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery

A value from a MISMO defined list that specifies the type of party that originated the loan.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery

Identifies the mortgage program associated with the loan as defined by a specific entity. Entity may be referenced using OwnerIdentifierURI or "Loan Program Sponsoring Entity Name".

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery, #MISMO3.4_iLAD

Specifies the purpose for which the loan proceeds will be used.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanApplication, #LoanDelivery, #MISMO3.4_iLAD

Specifies the date for the "Loan State Type".

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery

A value from a MISMO prescribed list that identifies the state in time for the information associated with this occurrence of LOAN.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery

The date and time on which the agreement to lock a price and interest rate was made.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanApplication, #LoanDelivery, #MISMO3.4_iLAD, #Origination

The ratio of the (outstanding) loan amount to the appraised value, estimated value or purchase price of the property.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery

Specifies the common size (width) designation of a Manufactured home.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery, #MISMO3.4_iLAD

The number of percentage points to be added to the index to arrive at the new interest rate.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery, #MISMO3.4_iLAD

The number assigned by the private mortgage insurance company to track a loan.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery

To convey the private MI company short/common name from whom the private mortgage insurance coverage was obtained.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery, #MISMO3.4_iLAD

A free-form text field used to describe the MI company name when Other is selected for the MI Company Name Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery, #MISMO3.4_iLAD

The percentage of mortgage insurance coverage obtained.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanDelivery, #MISMO3.4_iLAD