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:Confirms that a borrower is aware of presence of airport and possible noise situations. Provided by Borrower.
Term Source: LDD Document
Term Type: Document
Focus Area: #LDD, #Origination
Also known as
Term Source: LDD Acronym
Term Type: Other
Focus Area: #LDD, #MISMOApprovedAcronym
A value that identifies the algorithm used to calculate digest. For example: http://www.w3.org/2000/09/xmldsig#sha1
Term Source: LDD Attribute
Term Type: Data
Focus Area: #LDD
A unique alphanumeric string identifying the account under which credit has been granted to the party using the identified alias (alternate name).
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
An unstructured name that identifies the grantor of credit to the party using the identified alias (alternate name).
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true indicates that this alias name was used on a tax return.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A description of the type of ALIAS.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A description of an ALIAS type not included in the enumerated list.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
The transfer of title to real property from one owner to another.
Term Source: MBA Glossary
Term Type: Process
Focus Area: #MBAGlossary
A type of acceleration clause that demands payment of the entire balance upon sale or other transfer of title; also called a "due-on-sale" clause.
Term Source: MBA Glossary
Term Type: Document
Focus Area: #MBAGlossary
When true, indicates that a borrower has obligations for alimony, child support, etc.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
An unstructured name that identifies the person to whom alimony payments are owed by the borrower.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true, indicates all ownership rights of the property are being included as part of the valuation.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A proposal to purchase property without any contingency to obtain a loan to finance any portion of the purchase price.
Term Source: MBA Glossary
Term Type: Document
Focus Area: #MBAGlossary
The term applied to the total costs of a securitization; usually quoted in basis points to reflect what the costs would have added to yield if they had not been spent on the creation of the security.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
A refinancing technique involving the creation of a new deed of trust that includes the balance due on the existing note plus new funds advanced; also known as a wraparound mortgage.
Term Source: MBA Glossary
Term Type: Document
Focus Area: #MBAGlossary
The portion of the principal amount of a blanket mortgage associated with each individual property. This term is applicable when a number of properties are financed under one blanket mortgage with each property allocated its share of the total mortgage balance.
Term Source: MBA Glossary
Term Type: Data
Focus Area: #MBAGlossary
A method of site valuation in which the appraiser deducts the estimated value of the building from the total sales price of an improved property to arrive at the estimated land value.
Term Source: MBA Glossary
Term Type: Process
Focus Area: #MBAGlossary
A CMBS provision that defines how realized losses will be allocated to certificate holders.
Term Source: MBA Glossary
Term Type: Process
Focus Area: #MBAGlossary
The date the Allonge was executed.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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