Home / Standards & Resources / Business Glossary / Business Glossary-Term List

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"). 

Return to full Term List                                                                                           Download Business Glossary
                                                                                                                                                   (MISMO Members)

Refine Results
Search on:





Filter By Term Type
Filter By Focus Area
Filter By Source
#MISMO3.4_iLAD
Escrow Absence Reason Type

Specifies the reason the loan does not have an escrow account.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #MISMO3.4_iLAD

Escrow Absence Reason Type Other Description

A free-form text field used to collect additional information when Other is selected for Escrow Absence Reason Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Escrow Account Activity Current Balance Amount

The current balance in the escrow account for the activity period, as projected during the closing documents preparation process.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Escrow Account Activity Payment Description Type

A description of the escrow disbursement type included in a payment for the activity period.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Escrow Account Activity Payment Description Type Other Description

A free-form text field used to collect additional information when Other is selected for Escrow Account Activity Payment Description Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Estimated Closing Costs Amount

The dollar amount of the estimated loan fees, title fees, appraisal fees and other closing costs associated with the subject transaction excluding discount points.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanApplication, #MISMO3.4_iLAD

Execution Date

The date the signature was or will be affixed to the document.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #LoanApplication, #MISMO3.4_iLAD

Expense Exclusion Indicator

When true, indicates the expense is to be excluded from calculations associated with processing the loan.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Expense Monthly Payment Amount

The dollar amount of the monthly payment required on borrower's Expense Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanApplication, #MISMO3.4_iLAD

Expense Remaining Term Months Count

The number of months the borrower must make payments in order to satisfy the identified expense.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Expense Type

A value from a MISMO prescribed list that specifies items commonly listed as borrower expenses on a mortgage loan transaction.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanApplication, #MISMO3.4_iLAD

Expense Type Other Description

A free-form text field used to collect additional information when Other is selected for Expense Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #LoanApplication, #MISMO3.4_iLAD

Fee Summary Total Amount Financed Amount

The amount of the Total Amount Financed as disclosed based on the accepted industry standard defined by Regulation Z.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #MISMO3.4_iLAD

Fee Summary Total Finance Charge Amount

The amount of the Total Finance Charges as disclosed based on the accepted industry standard defined by Regulation Z.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #MISMO3.4_iLAD

Fee Summary Total Interest Percent

The total amount of interest paid by the borrower over the term of the loan as a percentage of the loan amount.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #MISMO3.4_iLAD

Fee Summary Total Net Borrower Fees Amount

The total dollar amount of fees still due from the borrower after the deduction of amounts paid by or on behalf of the borrower toward fees charged to the borrower.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Fee Summary Total Net Seller Fees Amount

The total dollar amount of fees still due from the seller after the deduction of amounts paid by or on behalf of the seller toward fees charged to the seller.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

Fee Summary Total Of All Payments Amount

The amount of the Total of All Payments as disclosed based on the accepted industry standard defined by Regulation Z.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #ClosingDisclosure, #LDD, #MISMO3.4_iLAD

FHA Coverage Renewal Rate Percent

Indicates the percentage of the renewal mortgage insurance premiums for FHA loans.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

FHA Loan Lender Identifier

An FHA-assigned identifier of the originator making an underwriting request using the FHA Total Scorecard program.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD, #MISMO3.4_iLAD

 

AUTHORIZED USAGE: All usage of this product is dictated by the terms and conditions within the MISMO 2018 Intellectual Property Rights (IPR) Policy.  For more information, please see complete Authorized Usage / Patent Disclosure Request or contact [email protected].