Business Glossary-Term List

Adobe�s Portable Document Format (PDF), which allows for exchange of documents between computer systems in an International Standards Organization (ISO) format (ISO 32000-1 ratified in January 2008). PDF is a file format for representing documents in a manner independent of the application software, hardware, and operating system used to create them and of the output device on which they are to be displayed or printed. ISO owns the copyright.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

An ISO standard for an electronic document file format that enables long-term preservation.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

An ISO standard for the long-term preservation of documents. In PDF/A-1: � All fonts must be embedded, � All color spaces must be device-independent, � Javascript, embedded files, encryption, external content references, transparency, layers, and XFA forms data are prohibited, and � Standards-based metadata must be used.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

An ISO standard for the long-term preservation of documents. Adds support for a number of additional features that are not allowed in PDF/A-1. Specifically: � Transparency � Layers (also referred to as "optional content") � JPEG-2000 compression � Embedding of OpenType fonts � Digital signatures in accordance with the PAdES standard � Embedding of other PDF/A-2 documents

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

An ISO standard for the long-term preservation of documents. Adds to PDF/A-2 specification the ability to embed arbitrary documents in PDF/A-3 (such as XML data) in PDF/A files.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

See Public Key Infrastructure.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

Property Records Industry Association (www.pria.us).

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

An individual whose electronic signature is notarized in a remote online notarization; or making an oath or affirmation or an acknowledgement other than in the capacity of a witness for the remote online notarization.

Term Source: MISMO (Non-LDD)

Term Type: Actor

Focus Area: #eMortgage

Public Key Infrastructure term. The secret key of the Key Pair that is controlled only by the person or entity to which it was issued. By encrypting a message with the Public Key, only the holder of the Private Key can decrypt the message. Likewise, the holder of the Private key can encrypt messages that can only be decrypted by the Public key.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

A written unconditional promise to pay a specified sum of money in accordance with the terms of the writing.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

Public Key Infrastructure term. The published or publicly available key of a two- Key Pair that are mathematically linked. By encrypting a message with the Public Key, only the holder of the Private Key can decrypt the message. Likewise, the holder of the Private Key can encrypt messages that can only be decrypted by the Public Key, thus proving that a person is the holder of the Private Key.

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

See Digital Certificate.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage

Public Key Infrastructure term. A method requiring two unique software keys for decrypting data, one public and one private. Data is encrypted using the published Public Key, and the unpublished Private Key is used to decrypt the data.

Term Source: MISMO eMortgage

Term Type: Process

Focus Area: #eMortgage, #MBAGlossary

A cryptographic framework that provides the basis for establishing and maintaining a trustworthy networking environment through the generation and distribution of keys and Digital Certificates. This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org.

Term Source: MISMO eMortgage

Term Type: Process

Focus Area: #eMortgage, #MBAGlossary

Information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

Term Source: MISMO eMortgage

Term Type: Document

Focus Area: #eMortgage, #MBAGlossary

The transaction used to send required information to the MERS� eRegistry to report that an eNote has been originated with the MERS� eRegistry language. This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org.

Term Source: MISMO eMortgage

Term Type: Process

Focus Area: #eMortgage

An entity approved by an Issuing Authority to assist Digital Certificate applicants in applying for certificates, and to approve or reject certificate applications, revoke certificates, or renew certificates. 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

The transaction used to reverse an eNote Registration that was registered on the MERS� eRegistry. This term is also defined in the MERS� eRegistry Procedures Manual available at members.mersinc.org

Term Source: MISMO eMortgage

Term Type: Other

Focus Area: #eMortgage

Remote notarization of paper documents via audio-video communication platform (Skype, Facetime, etc.)

Term Source: MISMO eMortgage

Term Type: Event

Focus Area: #eMortgage

A Notarial Act performed by means of an electronic device or process that allows one or more Principals, who are not in the same physical location as the notary public, to complete a Notarial act and communicate with each other via a real-time online audio/video connection.

Term Source: MISMO Life of Loan

Term Type: Process

Focus Area: #eMortgage, #Origination