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 prime tenant who has the highest credit rating.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
American Bankers Association
Term Source: LDD Acronym
Term Type: Actor
Focus Area: #LDD, #MISMOApprovedAcronym
A person who lends his name to guarantee a loan for another by signing a promissory note, bill or other negotiable instrument; the endorser becomes the guarantor of the loan and is therefore responsible for its repayment.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
An accredited credential service provider within the domain of the SISAC.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
An individual, business or organization covered by a policy in addition to the named insured.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
An insurance company licensed to do business in a certain jurisdiction (i.e., state).
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
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
One who legally represents another, called a principal, from whom express or implied authority has been derived.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
American Land Title Association
Term Source: LDD Acronym
Term Type: Actor
Focus Area: #LDD, #MISMOApprovedAcronym
Appointed by the Member, the employee who may act for the Voting Representative if that individual is unable to do so.
Term Source: MISMO Governing Documents
Term Type: Actor
Focus Area: #MISMOGOV
The ACLI collects data from life insurance companies regarding.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
A national association of title insurance companies, abstractors and attorneys specializing in real property laws. The association speaks for the title insurance and abstracting industry and establishes standard procedures and title policy forms.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary, #MISMOApprovedAcronym
The organization which authorizes industry standards for information management and electronic interchange communication between companies (computer-to-computer). Headquartered in New York City.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
A prime tenant in a shopping center, such as an established department store, which attracts the bulk of customers to the center.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
Army Post Office
Term Source: LDD Acronym
Term Type: Actor
Focus Area: #LDD, #MISMOApprovedAcronym
A prospective borrower who has completed an application. An application is a series of steps, usually including the completion of documents, a lender requires of those seeking a loan.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
Professional society in Chicago that provides training in valuation of residential and income properties, market analysis and standards of professional practice. Confers the MA and SRA designations.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
One qualified by education, training and experience to estimate the value of real and personal property.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
One who administers the details of non-fixed rate loans.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
A public official who appraises taxable property to reach its assessed valuation or base on which taxes are calculated.
Term Source: MBA Glossary
Term Type: Actor
Focus Area: #MBAGlossary
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