Business Glossary-Term List

1) The act of registering the security instrument electronically with the county recorder or similar jurisdictional authority. 2) An act of registering the security instrument and other recordable documents electronically with the county recorder or similar jurisdictional authority. eRecording does not require the security instrument to be electronically executed. A county often records a scanned image of the paper security instrument when it eRecords. For models of eRecording, see the PRIA Technology Committee Business Requirements Work Group: Models of eRecording - A Continuum of eRecording - https://www.pria.us/i4a/doclibrary

Term Source: MBA Glossary

Term Type: Event

Focus Area: #eMortgage, #MBAGlossary

ESIGN and UETA.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

A family of document types, schemas, and modules that reproduce, subset, and extend HTML. XHTML conforms to the XML standard.

Term Source: MISMO eMortgage

Term Type: Data, Other

Focus Area: #eMortgage, #MBAGlossary

Federal Information Processing Standard (140-2), which specifies the security requirements that will be satisfied by a cryptographic module, providing four increasing, qualitative levels intended to cover a wide range of potential applications and environments.

Term Source: MISMO eMortgage

Term Type: Process

Focus Area: #eMortgage

Used as a verb, hashing is the process to calculate a "digital fingerprint" of an electronic document with a mathematical algorithm. The digital fingerprint is unique and entirely based upon the specific content of the electronic document, including any signatures. Any change to the electronic document -- even something as small as the insertion or deletion of a single character -- will create two distinct and unlike digital fingerprints. Comparing the fingerprint and the recalculation of the digital fingerprint at a later date provide evidence of tampering.

Term Source: MISMO eMortgage

Term Type: Process

Focus Area: #eMortgage, #MBAGlossary

The result of a Hashing Algorithm. A Hash Value is a unique, fixed-sized computed value that represents any arbitrary length string (such as a document). Hash values are also known as Message Digests, hash codes, hash sums, or hashes.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

A mathematical function that is used to calculate an electronic Hash Value or "digital fingerprint" of an eDocument. Since this value is unique to the document, if the document were altered, the result from applying the Hashing Algorithm to the altered document would be different from applying the mathematical function to the original document. The difference in results indicates that the integrity of the original document has been compromised.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

See Hypertext Markup Language (HTML).

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

A signing process for documents in the mortgage industry in which certain documents are printed and signed on paper while other documents are signed electronically.

Term Source: MISMO eMortgage

Term Type: Process

Focus Area: #eMortgage

The industry standard language defined by the W3C for representing a web page.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage, #MBAGlossary

An identity proofing method that relies on something you know - the verification of information that is unique to the Principal, should be known by the Principal, and can be readily demonstrated by the Principal. Some common forms of this type of identity proofing include Knowledge- Based Authentication (KBA), passwords, or personal identification numbers. See also definition of Knowledge-Based Authentication

Term Source: MISMO (Non-LDD)

Term Type: Process

Focus Area: #eMortgage

An identity proofing method that relies on the verification of something you are - the Principal�s unique personal traits. Some common forms of this type of identity proofing include comparisons of fingerprints, iris, voice, or face to a reference scan.

Term Source: MISMO (Non-LDD)

Term Type: Process

Focus Area: #eMortgage

An identity proofing method that relies on something you have - the verification of the Principal�s possession of unique information or credentials. Some common forms of this type of identity proofing include Digital Certificates, physical or digital government-issued identification cards, one-time passwords, or a response to a message delivered to a mobile device.

Term Source: MISMO (Non-LDD)

Term Type: Process

Focus Area: #eMortgage

A digitized presentation of a document.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage, #MBAGlossary

A representation of the signer�s signature that is electronically captured at the time of signing and placed in the signature line on a document. Also known as a Digitized Signature.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

See SMART Doc� View.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

A notarial act in which documents are notarized in electronic form in the physical presence of the notary.

Term Source: MISMO eMortgage

Term Type: Process

Focus Area: #eMortgage

A numerical label assigned to each device connected to a computer network that uses the internet protocol for communication

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

International Standards Organization.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

See Certificate Authority. This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org.

Term Source: MISMO eMortgage

Term Type: Actor

Focus Area: #eMortgage