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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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#LDD #ClosingDisclosure Data
Document Signature Required Indicator

When true, indicates that a signatory must execute a signature on the document.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Document Type

A value from a MISMO prescribed list that represents either a category of document or a category and sublevel of a document combined into a single enumeration.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Document Type Other Description

A free-form text field used to collect additional information when Other is selected for Document Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanApplication

Embedded Content XML

The XML compatible byte stream in the encoding of the EncodingType that when decoded is a resource of the MediaType using characters from the CharacterEncodingSetType. If a binary EncodingType is not used (e.g. "None" or "EscapedXML") then the CharacterEncodingSetType must be the same as that used for the XML instance document.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Entry Datetime

The date and time the action occurred. The time must always contain the proper time zone designator.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Escrow Absence Reason Type

Specifies the reason the loan does not have an escrow account.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Escrow Aggregate Accounting Adjustment Amount

The amount of any adjustment made to the initial escrow account balance based on Regulation X requirements.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Escrow Collected Number Of Months Count

The number of months escrow to be collected at closing for the escrow item.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Escrow Indicator

Indicates whether or not escrows are associated with this loan.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery

Escrow Item Actual Payment Amount

The actual dollar amount paid by a specific party at a specified time for a specified escrow item.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Escrow Item Payment Paid By Type

The role of the party making the escrow item payment.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Escrow Item Payment Timing Type

Defines the point in time during the origination process when the escrow item payment was paid.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Escrow Item Type

A value from a MISMO prescribed list that represents an item that may be held and managed in an escrow account.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery

Escrow Item Type Other Description

A free-form text field to collect additional information when Other is selected for Escrow Item Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery

Escrow Monthly Payment Amount

The monthly payment amount for the escrow item.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery

Event Type

For a step in a process, contains the type of action or state.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Event Type Other Description

A free-form text field used to describe the type of action or state if Other is selected as the Event Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Execution Date

The date the signature was or will be affixed to the document.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Execution Datetime

The date and time the signature was affixed to the document.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

Fee Actual Payment Amount

The actual dollar amount paid by a specific party at a specified time for a specified fee or cost.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

 

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