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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
Advance Non Recoverable Indicator

When true indicates that the advance amount is not recoverable from another party.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Advance Recovery Source Type

A value from a MISMO prescribed list that represents the expected entity that should repay the advance.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Advance Recovery Source Type Other Description

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

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Advance Recovery Waived Amount

The portion of advances that is to be forgiven.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Advance Type

Specifies the type of advance made on the loan by the servicer.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Advance Type Additional Description

A free-form text field used to provide a supplemental comment or remark regarding the Advance Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Advance Type Other Description

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

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Credit Repository Decision Indicator

When true, indicates credit decision was based in whole or in part on information obtained in a report from a consumer-reporting agency.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Date

The date the determination for adverse action was made.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Decision Source Type

A value from a MISMO prescribed list that specifies the source of information that prompted the adverse action determination.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Decision Source Type Other Description

A free-form text field that specifies the enumeration when the value of Other is used for the Adverse Action Decision Source Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Non Credit Repository Decision Indicator

When true, credit decision was based in whole or part on information obtained from an affiliate or from an outside source other than a consumer-reporting agency.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Notice Sent Date

The date that the adverse action determination notice was sent.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Requested Credit Description

A free-form text field used to describe the account, transaction, or credit for which the borrower applied.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Type

A value from a MISMO prescribed list that specifies the type of adverse action that was taken.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Type Other Description

A free-form text field that specifies the enumeration when the value of Other is used for the Adverse Action Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Neighborhood Influence Indicator

Indicates at least one adverse influence has been noted about the neighborhood.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Affidavit Of Death

Establishes the fact of death but does not contain personally identifiable information.

Term Source: LDD Document

Term Type: Document

Focus Area: #LDD, #Origination, #Servicing

Affidavit Of Lost Note

Establishes the fact that the Note is lost. The Lost Note Affidavit together with a copy of the lost note may be accepted as a note equivalent.

Term Source: LDD Document

Term Type: Document

Focus Area: #LDD, #Origination, #Servicing

Affiliated Business Arrangement Disclosure

Informs the borrower of any Lender-related businesses (i.e., subsidiaries or affiliates) and borrower options related to using these providers. This document is a part of HUD Regulation X (RESPA/Reg X).

Term Source: LDD Document

Term Type: Document

Focus Area: #LDD, #Origination

 

AUTHORIZED USAGE: All usage of this product is dictated by the terms and conditions within the MISMO 2018 Intellectual Property Rights (IPR) Policy.  For more information, please see complete Authorized Usage / Patent Disclosure Request or contact [email protected].