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:Accessory Dwelling Unit
Term Source: LDD Acronym
Term Type: Data
Focus Area: #LDD, #MISMOApprovedAcronym
In real estate, a partial disbursement of funds under a note. Most often used in connection with construction lending.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
The date the advance was disbursed.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A unique alphanumeric string identifying a check number, wire number or other tracking identifier for the disbursement activity.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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
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
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
The portion of advances that is to be forgiven.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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
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
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
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
The date the determination for adverse action was made.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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
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
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
The date that the adverse action determination notice was sent.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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
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
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
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