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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The seller of personal or real property.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
See DEPARTMENT OF VETERANS AFFAIRS.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
A short-term lender for mortgage bankers. Using the note as collateral, the warehouse lender provides interim financing until the mortgage is sold to a permanent investor.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
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