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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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HELOC Maximum Balance Amount

The maximum dollar amount of credit available to the borrower on a Home Equity Line of Credit (HELOC) regardless of whether the borrower has accessed the amount.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Ethnicity Collected Based On Visual Observation Or Surname Indicator

When true, indicates the ethnicity was collected based on visual observation or surname.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Ethnicity Origin Type

A value from a MISMO prescribed list that represents the borrower's statement about the borrower's ethnicity origin as defined in the Home Mortgage Disclosure Act (HMDA).

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Ethnicity Origin Type Other Description

A free-form text field that specifies the enumeration when the value of Other is used for HMDA Ethnicity Origin Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Ethnicity Refusal Indicator

When true, indicates the borrower has stated that they do not wish to furnish the HMDA ethnicity information.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Ethnicity Type

A value from a MISMO prescribed list that represents the borrower's or interviewer's statement about the borrower's ethnicity as defined in the Home Mortgage Disclosure Act (HMDA).

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Gender Collected Based On Visual Observation Or Name Indicator

When true, indicates the gender was collected based on visual observation or name.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Gender Refusal Indicator

When true, indicates the borrower has stated that they do not wish to furnish the HMDA gender information.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Gender Type

A value from a MISMO prescribed list that represents the borrower's or interviewer's statement about the borrower's gender.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Gender Type Other Description

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

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA HOEPA Loan Status Indicator

When true, indicates that the loan is to be reported as a HOEPA (Home Ownership and Equity Protection Act of 1994) loan for HMDA reporting.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Race Collected Based On Visual Observation Or Surname Indicator

When true, indicates the race was collected based on visual observation or surname.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Race Designation Other Asian Description

A free-form text field used to capture information specific to HMDA Race Designation category of Other Asian.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Race Designation Other Pacific Islander Description

A free-form text field used to capture information specific to HMDA Race Designation category of Other Pacific Islander.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Race Designation Type

A value from a MISMO prescribed list that represents the borrower's statement about the borrower's race designation as defined in the Home Mortgage Disclosure Act.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Race Refusal Indicator

When true, indicates the borrower has stated that they do not wish to furnish the HMDA race information.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Race Type

A value from a MISMO prescribed list that represents the borrower's or interviewer's statement about the borrower's race as defined in the Home Mortgage Disclosure Act. Up to 5 Race Types may be included per borrower.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

HMDA Race Type Additional Description

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

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Homeowner Past Three Years Type

Borrower's answer to the question: Have you had an ownership interest in a property in the last three years?

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

Housing Expense Payment Amount

The dollar amount per month of the associated housing expense type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

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

 

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].