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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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Data
Alias Type Other Description

A description of an ALIAS type not included in the enumerated list.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Alimony Child Support Obligation Indicator

When true, indicates that a borrower has obligations for alimony, child support, etc.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Alimony Owed To Name

An unstructured name that identifies the person to whom alimony payments are owed by the borrower.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

All Property Rights Appraised Indicator

When true, indicates all ownership rights of the property are being included as part of the valuation.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

All-In Cost

The term applied to the total costs of a securitization; usually quoted in basis points to reflect what the costs would have added to yield if they had not been spent on the creation of the security.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary

Allocated Loan Amount

The portion of the principal amount of a blanket mortgage associated with each individual property. This term is applicable when a number of properties are financed under one blanket mortgage with each property allocated its share of the total mortgage balance.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary

Allonge To Note Date

The date the Allonge was executed.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Allonge To Note Executed By Description

Name of current note holder executing the Allonge, also executing the assignment of the security instrument.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Allonge To Note In Favor Of Description

The party identified as endorsee on the Allonge, typically the new note holder.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Allonge To Note Pay To The Order Of Description

The name of new note holder identified on the Allonge.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Allonge To Note Without Recourse Description

Description for Allonge section pertaining to recourse and without recourse typically note holders name and address.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Allowable Live Work Space Indicator

When true, indicates that there is Live/Work space available within the residential unit. A Live/Work unit refers to a unit in a Condominium or Cooperative project that allows space within the individual unit to be used jointly for non-residential and residential purposes and is primarily residential.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Allowable Work Space Area Measure

A measurement that specifies the allowable space within the residential unit to be used for non-residential purposes. The applicable unit of measurement is specified by the Area Unit Of Measure Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Allowance For Vacancy And Income Loss

In accounting, an estimated amount reflecting probable vacancy, nonpayment of rent by tenants and any other income loss. These funds are set aside to cover either expected or unanticipated income losses.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary

ALTA Identifier

A unique alphanumeric string assigned by ALTA to individuals or companies that participate in title or settlement activities.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

ALTA Registry Address Identifier

A unique alphanumeric string identifying an address for an entity in the ALTA Registry.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

ALTA Registry Company Role Identifier

A unique alphanumeric string representing the ALTA Identifier of the associated company for an individual.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

ALTA Registry Confirm Status Indicator

When true, indicates that an entity in the ALTA Registry has been confirmed by an underwriter.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

ALTA Registry Entity Type Code

A coded value as defined by the ALTA Registry that indicates if an entity is an underwriter and if so, how they interact with the ALTA Registry.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

ALTA Registry Grouping Identifier

A unique alphanumeric string representing the ALTA Identifier of a single parent company that is shared by related companies and individuals.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

 

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