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:Indicates if the ACH information is current or pending.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The dollar amount of funds being transferred by the wire.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
In a HUD/FHA transaction, the price the borrower paid for the property plus any of the following costs: closing, repairs or financing (except discounts in other than a refinance transaction). Does not include prepaid discounts in a purchase transaction, mortgage insurance premiums or similar add-ons.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
A unit of measure for land, 43,560 square feet.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
When true, indicates that the loan is actively in the foreclosure process.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true, indicates that the loan is subject to active litigation.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true indicates that a loan is currently part of a transfer of servicing rights.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies the date of the document status for an active workout.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Specifies the status of the documentation for an active workout.
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 as the Active Workout Document Status Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Valuation of damaged property which allows for depreciation.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
The actual dollar amount of the contribution.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The number of actual HUD funded housing counseling and education activities per category.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The actual dollar amount of the insurance claim.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The actual dollar amount of the insurance proceeds.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The dollar amount of the rent per finished area unit of measure (e.g. square feet, square meters) determined by dividing the amount of actual rent by the total finished area of the living unit.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The ActualSignatureType contains the actual type of the signature applied to the signature field.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #ClosingDisclosure, #LDD
Contains a description of the signature type when the value of �Other� is used for the ActualSignatureType attribute.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #ClosingDisclosure, #LDD
Based on the value of the property.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
Real estate taxes on the assessed value of property.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
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