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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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Additional Data Item Value

The value for the additional data item.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Opinion Of Value Amount

An additional opinion of value for the subject property for a specific client requested condition.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Project Considerations Type

Describes the specific ownership or use of the project.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Project Considerations Type Other Description

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

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Property Analyzed Not Used Text

A free-form text field commenting on the reason the appraiser did not include the property in the Sales Comparison Approach.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Rental Income Type

A value from a MISMO prescribed list that represents supplemental rental income for a rental property.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Rental Income Type Other Description

A free-form text field that specifies the enumeration when the value of Other is used for Additional Rental Income Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Restoration Funds Amount

The dollar amount a borrower has to pay when a property is underinsured or not insured sufficiently to bring the property back into a livable state.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Valuation Identifier

A unique alphanumeric string identifying the valuation report as assigned by a party other than the appraiser (e.g. Client Reference ID, Agency Case Number).

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Valuation Identifier Type

A value from a MISMO prescribed list that represents the individual or organization which assigned the valuation identifier.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additional Valuation Identifier Type Other Description

A free-form text field that specifies the enumeration when the value of Other is used for Additional Valuation Identifier Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Additions Description

A free-form text field describing the additions made to the structure.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Address Additional Line Text

Address information that cannot be contained in the Address Line Text.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Address Additional Line Two Text

A free-form alphanumeric string which contains a second additional line of Address information.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Address Condominium Apartment Text

A free-form alphanumeric string that describes the apartment or condominium component of a specific address.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Address Format Type

A collection of values that specify an address format as defined by the USPS Publication 28 Appendix A2 Address Types.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Address Format Type Other Description

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

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Address Is Not USPS Codable Indicator

When true, indicates the given Address is not formatted according to USPS standards or on the USPS master file.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Address Line Text

The address with the address number, pre-directional, street name, post-directional, address unit designators and address unit value.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Address PR Urbanization Text

A free-form alphanumeric string that describes the urbanization component of a specific address. Urbanization denotes an area, sector, or development within a geographic area. Often preceded by "URB" in the address, it is commonly used in urban areas of Puerto Rico, and is an important part of the addressing format, as it describes the location of a given street.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

 

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