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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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Adverse Action Decision Source Type

A value from a MISMO prescribed list that specifies the source of information that prompted the adverse action determination.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Decision Source Type Other Description

A free-form text field that specifies the enumeration when the value of Other is used for the Adverse Action Decision Source Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Non Credit Repository Decision Indicator

When true, credit decision was based in whole or part on information obtained from an affiliate or from an outside source other than a consumer-reporting agency.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Notice Sent Date

The date that the adverse action determination notice was sent.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Requested Credit Description

A free-form text field used to describe the account, transaction, or credit for which the borrower applied.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Type

A value from a MISMO prescribed list that specifies the type of adverse action that was taken.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Action Type Other Description

A free-form text field that specifies the enumeration when the value of Other is used for the Adverse Action Type.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Neighborhood Influence Indicator

Indicates at least one adverse influence has been noted about the neighborhood.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Adverse Possession

The right by which someone occupying a piece of land acquires title against the real owner, if the occupant�s possession has been actual, continuous, hostile, visible and distinct for a statutory period.

Term Source: MBA Glossary

Term Type: Process

Focus Area: #MBAGlossary

Affidavit

A sworn statement in writing, usually requiring notarization.

Term Source: MBA Glossary

Term Type: Document

Focus Area: #MBAGlossary

Affidavit Of Death

Establishes the fact of death but does not contain personally identifiable information.

Term Source: LDD Document

Term Type: Document

Focus Area: #LDD, #Origination, #Servicing

Affidavit Of Lost Note

Establishes the fact that the Note is lost. The Lost Note Affidavit together with a copy of the lost note may be accepted as a note equivalent.

Term Source: LDD Document

Term Type: Document

Focus Area: #LDD, #Origination, #Servicing

Affiliated Business Arrangement Disclosure

Informs the borrower of any Lender-related businesses (i.e., subsidiaries or affiliates) and borrower options related to using these providers. This document is a part of HUD Regulation X (RESPA/Reg X).

Term Source: LDD Document

Term Type: Document

Focus Area: #LDD, #Origination

Affordable Loan Total Subordinate Financing Amount

The total amount of subordinate financing associated with an affordable loan program.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Affordable Units Count

The number of individual dwelling units related to the property securing the loan or, in the case of an application, proposed to secure the loan that are income-restricted pursuant to Federal, State, or local affordable housing programs.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

After-Acquired Property

The property a debtor acquires after the execution of a mortgage or other form of indebtedness that additionally secures the indebtedness. If the mortgage note contains a statement on after-acquired property, it is said to have an "after-acquired" clause.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary

After-Tax Cash Flow

The cash flow remaining after deduction of an allowance for taxes attributable to that income.

Term Source: MBA Glossary

Term Type: Data

Focus Area: #MBAGlossary

Age Years Count

The chronological age measured in years. (i.e. the age of a structure)

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

Agency

Federal or quasi-federal organization involved in mortgage lending, such as Freddie Mac or Ginnie Mae.

Term Source: MBA Glossary

Term Type: Actor

Focus Area: #MBAGlossary

Agency Appraiser Identifier

A unique identifier for the individual appraiser as assigned by the identified government agency.

Term Source: MISMO Logical Data Dictionary (LDD)

Term Type: Data

Focus Area: #LDD

 

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