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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Search on:The date that the lender expects the recordation of the lien documents to be completed given geographical custom.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Average Prime Offer Rate
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
The date the creditor or originator received the application from the borrower for the subject mortgage loan.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD, #LoanDelivery, #MISMO3.4_iLAD
The date the Loan Originator signed the loan application.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD, #LoanApplication, #MISMO3.4_iLAD
A value from a MISMO prescribed list that specifies the method used to take the application.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD, #LoanApplication, #MISMO3.4_iLAD
When true, allows a borrower who has previously utilized their VA loan entitlement to purchase another home with the VA's guaranty.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A coded value defined by the appraisal analysis provider identifying a type of feedback message about the appraisal analysis.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form alphanumeric string which contains the feedback message text about the appraisal analysis from the appraisal analysis provider.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A value from a MISMO prescribed list that represents the assessed risk score of a property appraisal.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field that specifies the enumeration when the value of Other is used for Appraisal Analysis Risk Score Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The specific value of the score representing the risk associated with the property appraisal and/or valuation.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Indicates whether the appraisal report is a Certification of Completion of improvements upon which a previous appraisal report is dependent.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to describe or comment on the Appraisal Completion Report.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field describing how the appraiser determined that the conditions or requirements stated in the original appraisal report have been satisfied.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A unique identifier assigned by a party for all appraisal data delivered to the party for this loan. The party assigning the identifier can be provided using the IdentifierOwnerURI associated with a MISMO identifier.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #ClosingDisclosure, #LDD, #LoanDelivery, #MISMO3.4_iLAD
The effective date of the appraisal report on the subject property.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies the accuracy of a category of the appraisal review report (e.g. Accurate, NotAccurate, NotApplicable or NotDeveloped).
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to describe or comment on a particular category of an appraisal review report.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies a category within an appraisal review report.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to capture additional information when Other is selected for Appraisal Review Category Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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