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:A free-form text field used to comment and describe the changes in the market value of the property between the original appraisal and the review of the appraisal.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Indicates whether the original appraised value is accurate.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to describe or summarize the reasons why the new data supports a different market value than was reported in the original appraisal report.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A unique identifier for the individual appraiser as assigned by the federal authority, the Appraisal SubCommittee. Only one identifier per individual.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to describe or comment on the Appraisal Update Report.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Indicates whether the appraisal report is an update to an existing appraisal report.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The effective date of the Appraisal Update Report.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Indicates whether the named property right has been included in the scope of the appraisal.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true, indicates that one or more additional certifications have been identified by the appraiser.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Secondary report identifier used by the appraiser to identify appraisal reports. This field may carry the FHA number, case number, loan number or some other identifier.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The name of the appraisal company that employed the appraiser who performed the appraisal of the property.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD, #MISMO3.4_iLAD
The designating association for the type of designation held by the appraiser awarded by a recognized appraisal trade organization.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The designation type held by the appraiser awarded by a recognized appraisal trade organization.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field that specifies the enumeration when the value of Other is used for Appraiser Designation Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A value from a MISMO prescribed list that represents the employment category for the appraiser.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Used to describe by name the type of identifier represented by Appraiser File Additional Identifier. (such as FHA Case Number)
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
This is an identifier or number used by the appraiser to identify their reports. It is generally specific to the appraiser.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Used to describe by name the type of identifier represented by Appraiser File Identifier (such as Client Order Number).
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Used to specify the different types of appraisal licenses that can be held by an appraiser.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to capture additional information when Other is selected for Appraisal License Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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