Business Glossary-Term List

The two-character representation of the US state, US Territory, Canadian Province, Military APO FPO, or Territory in which the party is licensed or certified to operate.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

A value from a MISMO prescribed list that specifies the priority of the lien against the property.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

When true, indicates that the loan amount can increase after closing.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

The value of the identifier for the specified type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

A value from a MISMO prescribed list that specifies the type of loan identifier.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

A free-form text field used to describe the Loan Identifier Type when Other is selected as the Loan Identifier Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Indicates that the loan was manually underwritten.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #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 mortgage loan interest rate for which the price quote is calculated.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

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

The maximum possible number of months for the term to maturity, if the term to maturity is extendable.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

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

Indicates that Mortgage Insurance is or was required as a condition for originating the loan.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

The projected mandatory date the mortgage insurance must be terminated when a set loan to value percent is reached as identified by HOEPA regulations. Also known as Mandatory MI Termination Date on PMI disclosure documents.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD

The middle name of the individual represented by the parent object.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Indicates the Multipurpose Internet Mail Extensions type of the data in the resource. A registered list of these types is available at http://www.iana.org/assignments/media-types/ AND http://tools.ietf.org/html/rfc2045. In addition, there is a defined syntax for custom MIME types that should be followed when the type is not registered with IANA.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD