Acronym Flashcards
(115 cards)
1
Q
What does AARMR stand for
A
American association of residential mortgage regulators
2
Q
What does ABA/AfBA stand for
A
Affiliated business arrangement disclosure
3
Q
What does AIR stand for
A
Appraisal independence requirement
4
Q
Memory trick ALIENS for application
A
Address, loan amount, income, estimated value, name, SSN
5
Q
What does AML stand for
A
Anti money laundering
6
Q
What does APOR stand for
A
Average prime offer rate
7
Q
What does APR stand for
A
Annual percentage rate
8
Q
What does ATR stand for
A
Ability to repay
9
Q
What does AUS stand for
A
Automated underwriting system
10
Q
What does BPO stand for
A
Brokers price opinion
11
Q
What does BSA stand for
A
Bank secrecy act
12
Q
What does CCPA stand for
A
Consumer credit protection act
13
Q
What does CD stand for
A
Closing disclosure
14
Q
What does CDOs stand for
A
Collateralized debt obligations
15
Q
What does CE stand for
A
Continuing education
16
Q
What does CFPB stand for
A
Consumer financial protection bureau
17
Q
What does CHARM stand for
A
Consumer handbook on adjustable rate mortgages
18
Q
What does CLTV/TLTV stand for
A
Combined loan to value
Total loan to value
19
Q
What does CMIR stand for
A
Currency monetary instruments report
20
Q
What does CMO stand for
A
Collateralized mortgage obligations
21
Q
What does CO stand for
A
Certificate of occupancy
22
Q
What does C/O stand for
A
Cash out
23
Q
What does COE stand for
A
Certificate of eligibility
24
Q
What does COFI stand for
A
Cost of funds index
25
What does CRA stand for
Credit reporting agency
26
What does CRV stand for
Certificate of reasonable value
27
What does CSBS stand for
Conference of state bank supervisors
28
What does CTR stand for
Currency transaction report
29
What does DO stand for
Desktop originator
30
What does DTI stand for
Debt to income
31
What does DU stand for
Desktop underwriter
32
What does ECOA stand for
Equal credit opportunity act
33
What does EEM stand for
Energy efficient mortgage
34
What does E-Sign stand for
Electronic signatures in global and National commerce
35
What does FACTA stand for
Fair and accurate credit transactions act
36
What does FBAR stand for
Foreign bank and financial accounts report
37
What does FCC stand for
Federal communications commission
38
What does FCRA stand for
Fair credit reporting act
39
What does FEMA stand for
Federal emergency management agency
40
What does FHA stand for
Fair housing administration
Fair housing act
41
What does FHA HECM stand for
FHA home equity conversion mortgage
42
What does FHFA stand for
Federal housing finance agency
43
What does FHLMC (Freddie Mac) stand for
Federal home loan mortgage corporation
44
What does FinCEN stand for
Financial crimes enforcement network
45
What does FNMA (Fannie Mae) stand for
Federal national mortgage association
46
What does FTC stand for
Federal trade commission
47
What does GEM stand for
Growing equity mortgage
48
What does GFE stand for
Good faith estimate
49
What does GLBA stand for
Gramm-leach bliley act
50
What does GMi stand for
Gross monthly income
51
What does GMK stand for
General mortgage knowledge
52
What does GNMA (Ginnie Mae) stand for
Government national mortgage association
53
What does GNND stand for
Good neighbor next door
54
What does GOM stand for
Graduated payment mortgage
55
What does GSE stand for
Government sponsored enterprise
56
What does HCLTV/HTLTV stand for
High combined loan to value
High total loan to value
57
What does HEL stand for
Home equity loan
58
What does HELOC stand for
Home equity line of credit
59
What does HERA stand for
Housing and economic recovery act
60
What does HLTK stand for
Home loan toolkit
61
What does HMDA stand for
Home mortgage disclosure act
62
What does HOEPA stand for
Home ownership equity protection act
63
What does HOI stand for
Homeowners insurance
64
What does HPA stand for
Homeowners protection act
65
What does HPML stand for
Higher priced mortgage loan
66
What does HUD stand for
Housing and urban development
67
What does I/O stand for
Interest only
68
What does KBYO stand for
Know before you owe
69
What does L/AR stand for
Loan application register
70
What does LPA stand for
Loan product advisor
71
What does LE stand for
Loan estimate
72
What does LES stand for
Leave and earnings statement
73
What does LIBOR stand for
London interbank offered rate
74
What does L K O stand for
Loan originator
75
What does LTV stand for
Loan to value
76
What does MAP stand for
Mortgage acts and practices
77
What does MBS stand for
Mortgage backed securities
78
What does MCR stand for
Mortgage call report
79
What does MDIA stand for
Mortgage disclosure improvement act
80
What does MIP stand for
Mortgage insurance premium
81
What does MLO stand for
Mortgage loan originator
82
What does MSDS stand for
Mortgage servicing disclosure statement
83
What does MU stand for
Mortgage uniform (form)
84
What does NFIP stand for
National flood insurance program
85
What does NMLS stand for
Nationwide multistage licensing system
86
What does NTS stand for
Notice of transfer statement
87
What does PE stand for
Pre licensing education
88
What does PL stand for
Principal limit
89
What does PMI stand for
Private mortgage insurance
90
What does PITi stand for
Principal interest taxes insurance
91
What does QM stand for
Qualified mortgage
92
What does RESPA stand for
Real estate settlement procedures act
93
What does R/T stand for
Rate and term
94
What does SAFE stand for
Secure and fair enforcement
95
What does SAR stand for
Suspicious activity report
96
What does SEC stand for
Securities and exchange commission
97
What does SFHA stand for
Special flood hazard area
98
What does SFHGLP stand for
Single family housing guaranteed loan program
99
What does SRR stand for
State regulatory registry
100
What does T-Bill stand for
(United States) treasury Bill
101
What does TCPA stand for
Telephone consumer protection act
102
What does TIL stand for
Truth in lending
103
What does TILA stand for
Truth in lending act
104
What does TIP stand for
Total interest percentage
105
What does TOTAL stand for
Technology open to approved lenders
106
What does TRID stand for
TILA RESPA integrated disclosure
107
What does UDAAP stand for
Unfair deceptive or abusing acts or practices
108
What does URLA stand for
Uniform residential loan application
109
What does US patriot stand for
United and strengthening American by providing appropriate tools required to intercept and obstruct terrorism
110
What does USC stand for
Uniform state content
111
What does USDA stand for
United states department of agriculture
112
What does USPAP stand for
Uniform standards of professional appraisal practices
113
What does UST stand for
Uniform state test
114
What does VA stand for
Veterans administration
115
What does VOE stand for
Verification of employment
