Business Glossary-Term List

National Association of Insurance Commissioners

Term Source: LDD Acronym

Term Type: Actor

Focus Area: #LDD, #MISMOApprovedAcronym

An individual, business or organization that is specified in the declarations by name as the insured(s) under a policy.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

A national trade association located in Washington, D.C. that provides support to the building industry through lobbying and educational services.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

An organization whose membership consists of state insurance regulators. NAIC�s objectives are to promote uniformity in regulation by drafting model laws and regulations for adoption by the states and to provide support services to insurance departments such as examinations and statistical information.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary, #MISMOApprovedAcronym

Professional society for mortgage brokers which was developed to foster professional business relationships.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

Trade association representing real estate sales professionals. Realtors is a registered trademark of the National Association, and is properly used only to describe members of the Association, not all real estate brokers or agents.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

National Credit Union Administration (NCUA)

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

The Nominating Committees (NC)�s primary responsibility is to identify and develop future board members and leaders.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOApprovedAcronym

A group of retail businesses, providing a limited variety of convenience services for a limited area, and having common parking and ownership or management. The smallest type of shopping center, neighborhood centers usually range in size from 25,000 to 100,000 square feet.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

A Work Group who collaborates with MISMO Community, the Mortgage Industry, Emerging Tech Community of Practice and MISMO Product Manager in surfacing, vetting and prioritizing new product ideas.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

National Flood Insurance Program

Term Source: LDD Acronym

Term Type: Actor

Focus Area: #LDD, #MISMOApprovedAcronym

Any individual who engages in one or more MISMO Development Work Group (DWG) or other activities that is not a MISMO Member or an employee of an organization that has a MISMO membership in good standing. Such activities include, but are not limited to making a Contribution, attending meetings, or participating by telephone, Internet, or e-mail. All Non- Members are �Participants� under the terms of the IPR Policy.

Term Source: MISMO Governing Documents

Term Type: Actor

Focus Area: #MISMOGOV

A group not motivated by profit that backs a housing project. Units can be rented on a nonprofit basis or the sponsor can allow individual, cooperative or condominium ownership.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

The person to whom the note was issued as original obligee or, if the note has been transferred, the current transferee entitled to enforce the note.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

Office of Foreign Assets Control

Term Source: LDD Acronym

Term Type: Actor

Focus Area: #LDD, #MISMOApprovedAcronym

Chief regulator of national banks, appointed by the President for a five-year term.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

The successor thrift regulator to the Federal Home Loan Bank Board and a division within the Treasury Department. The OTS was responsible for the examination and regulation of federally chartered and state chartered savings associations. The OTS ceased to exist in October 2011.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary, #MISMOApprovedAcronym

Open Financial Exchange � a financial data mark- up language to facilitate online data exchanges between businesses, consumers and financial institutions.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

A person who solicits builders, brokers and others to obtain applications for mortgage loans. Often called a loan officer.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

Office of Thrift Supervision

Term Source: LDD Acronym

Term Type: Actor

Focus Area: #LDD, #MISMOApprovedAcronym