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:Remote online notarization of electronic documents with use of multi-factor authentication.
Term Source: MISMO eMortgage Glossary
Term Type: Event
Focus Area: #eMortgageGlossary
Remote online notarization of paper documents (delivered via mail, courier, etc.) with use of multi-factor authentication.
Term Source: MISMO eMortgage Glossary
Term Type: Process
Focus Area: #eMortgageGlossary
A free-form alphanumeric string which contains specific directions around the remote or remote online notarization of the signature requirements to meet the lender's expectations.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true, indicates the lender will permit the loan closing to leverage remote or remote online notarization of the signatures as part of the closing event.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Process in which the Notary Public and the Borrower(s) sign and notarize documents electronically online without being in the same physical location.
Term Source: MISMO Life of Loan
Term Type: Process
Focus Area: #MISMOLifeOfLoan, #Origination
Remote Online Notarization
Term Source: LDD Acronym
Term Type: Process
Focus Area: #LDD, #MISMOApprovedAcronym
Remote notarization of paper documents via audio-video communication platform (Skype, Facetime, etc.)
Term Source: MISMO eMortgage Glossary
Term Type: Event
Focus Area: #eMortgageGlossary
When true, indicates an online notarial act was performed between a notary public and a principal using audio-visual technology instead of being physically present.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A Notarial Act performed by means of an electronic device or process that allows a notary public and a Principal, who is not in the same physical location as the notary public, to complete a Notarial Act and communicate with each other simultaneously by sight and sound.
Term Source: MISMO Life of Loan
Term Type: Process
Focus Area: #eMortgageGlossary, #Origination
The process of determining eligibility criteria for digital mortgages at a transaction level. This includes state, county, and counterparty requirements for eNotes, eRecording, and electronic notarization including Remote Online Notarization (RON).
Term Source: MISMO Life of Loan
Term Type: Process
Focus Area: #MISMOLifeOfLoan, #Origination
Electronic Online Transactions.
Term Source: MBA Glossary
Term Type: Other
Focus Area: #MBAGlossary
When true, indicates that an agent has represented that they are Remote Online Notary (RON) capable.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
When true, indicates that the signer will use an internet based or online system to execute the documents.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
Process in which the Notary Public and the Borrower(s) sign and notarize documents electronically while being in the same physical location.
Term Source: MISMO Life of Loan
Term Type: Process
Focus Area: #MISMOLifeOfLoan, #Origination
A notarial act in which documents are notarized in electronic form in the physical presence of the notary.
Term Source: MISMO eMortgage Glossary
Term Type: Process
Focus Area: #eMortgageGlossary
A free-form alphanumeric string which contains specific directions around the electronic notarization requirements to meet the lender's expectations.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A unique alphanumeric string identifying an issue as assigned by the sponsor of an Online Portal to a communication event. Also known as a tracking number.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A notarial act in which paper documents are notarized in wet ink in the physical presence of the notary.
Term Source: MISMO eMortgage Glossary
Term Type: Event
Focus Area: #eMortgageGlossary
A value from a MISMO prescribed list that represents the sponsor of an online functionality used for interaction and or transmission of data between parties in a uniform manner.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
A free-form text field used to capture the enumeration when Other is selected for Online Portal Host Type.
Term Source: MISMO Logical Data Dictionary (LDD)
Term Type: Data
Focus Area: #LDD
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