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Mortgage Loan Officer > Acronym Glossary > Flashcards

Flashcards in Acronym Glossary Deck (88):
1

AARMR

America Association of Residential Mortgage Regulators.

2

ABA

Affiliated Business Arrangement.

3

AMCs

Appraisal Management Company.

4

AML

Anti-Money Laundering

5

APOR

Average Prime Offer Rate.

6

APR

Annual Percentage Rate.

7

ARM

Adjustable Rate Mortgage

8

ATR

Ability to Repay

9

AUS

Automated Underwriting System

10

BSA

Bank Secrecy Act

11

CAIVRS

Credit Alert Verification Reporting System

12

CFPB

Consumer Financial Protection Bureau.

13

CHARM

Consumer Handbook on Adjustable Rate Mortgages.

14

CLTV

Combined Loan to Value

15

COE

Certificate of Eligibility

16

COFI

Cost of Funds Index

17

DTI

Debt to Income

18

DU

Desktop Underwriter.

19

ECOA

Equal Credit Opportunity Act.

20

FACTA

Fair and Accurate Credit Transactions Act.

21

FCRA

Fair Credit Reporting Act.

22

FDIC

Federal Deposit Insurance Corporation.

23

FDIC

Federal Deposit Insurance Corporation.

24

FFIEC

Federal Financial Institutions Examination Council.

25

FHA

Federal Housing Administration.

26

FHLMC

Federal Home Loan Mortgage Corporation.

27

FHLMC

Federal Home Loan Mortgage corporation

28

Freddie Mac

Federal Home Loan Mortgage corporation FHLMC

29

FHLMC

Federal Home Loan Mortgage Corporation.

30

FinCEN:

Financial Crimes Enforcement Network

31

FNMA

Federal National Mortgage Association FANNIE MAE

32

Fannie Mae

FNMA: Federal National Mortgage Association

33

FTC

Federal Trade Commission

34

GFE

Good Faith Estimate.

35

GLBA

Gramm-Leach Bliley Act.

36

GNMA

Government National Mortgage Association

37

Ginnie Mae

GNMA:Government National Mortgage Association

38

GPM

Graduated Payment Mortgage.

39

GSE

Government Sponsored Enterprise

40

HARP

Home Affordable Refinance Program.

41

HECM

Home Equity Conversion Mortgage.

42

HELOC

Home Equity Line of Credit.

43

HMDA

Home Mortgage Disclosure Act.

44

HOA

Homeowner’s Association

45

HOEPA

Home Ownership and Equity Protection Act

46

HPA

Homeowners Protection Act

47

HPML

Higher Priced Mortgage Loan

48

HUD

U.S. Department of Housing and Urban Development.

49

IO

Interest Only

50

IP

Investment Property

51

IRRRL

Interest Rate Reduction Refinance Loan.

52

LP

Loan Prospector.

53

LTV

Loan-to-Value

54

MARS

Mortgage Assistance Relief Services Rule

55

MBS

Mortgage Backed Security.

56

MDIA

Mortgage Disclosure Improvement Act

57

MERS

Mortgage Electronic Registration System

58

MLO

Mortgage Loan Originator

59

MMI

Monthly Mortgage Insurance.

60

MSA

Marketing Services Agreements

61

NINA

No income No Asset loan.

62

NIV

No income verification

63

NMLS

Nationwide Mortgage Licensing System and Registry

64

NOO

Non-owner occupied

65

O/O

owner-occupied.

66

OCC

Office of the Comptroller of the Currency

67

PITI

Principle, Interest, Taxes and Insurance.

68

PMI

Private Mortgage Insurance.

69

PPP

Prepayment Penalty.

70

PUD

Planned Urban Development

71

QM

Qualified Mortgage

72

SAR

Suspicious Activity Report.

73

SISA

Stated income, Stated Asset

74

SRP

Service Release Premium

75

SSN

Social Security Number

76

TIL

Truth in Lending.

77

TIN

Tax Identification Number

78

TLTV

Total Loan to Value.

79

TRID

TILA-RESPA Integrated Disclosure Rule

80

UFMIP

Upfront Mortgage Insurance Premium.

81

UST

Uniform State Test.

82

VA

Department of Veterans Affairs.

83

VOD

Verification of Deposit.

84

VOE

Verification of Employment.

85

VOM

Verification of Mortgage.

86

VOR

Verification of Rent.

87

YSP

Yield Spread Premium.

88

FICO

Fair Issac Corporation