SAFE Synonym List Flashcards by Gabrielle Sulaka

Q

1003, 65 by Freddie

A

Application = URLA = Formal Request for Credit

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Q

1004

A

Appraisal = URAR

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Q

Acceleration Clause

A

Demand Letter

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Q

Aggregate

A

Total

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Q

ALIENS

A

Completed Application

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Q

Appraisal Disclosure

A

Notice of Right to Receive Appraisal = Right to receive Disclosure

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Q

Bank Fraud

A

Wire Fraud

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Q

Borrower

A

Mortgagor

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Q

The Bureau

A

CFPB (Consumer Financial Protection Bureau)

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Q

Closing

A

Settlement

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Q

Closing Agent

A

Closing Attorney = Escrow Agent = Settlement Agent = Title Agent

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Q

CLTV

A

TLTV

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Q

Collateral Dependent Lending

A

Equity Based Lending

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Q

Commissioner

A

Head of Sate Authority

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Q

Conditional Refi

A

Conditional Reset

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Q

Confirm Receipt

A

Statement of No Obligation

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Q

Covered Loans

A

High-Cost Loans = HOEPA Loans

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Q

Credit

A

Financing=Lending

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Q

Credit History

A

Financial Character

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Q

Deed of Trust/Mortgage

A

Security Instrument

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Q

Direct Sales Comparison Approach

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A

Market Approach = Sales Comparison Approach

Q

Director

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A

Head of CFPB

Q

Discount Point

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A

Permanent Buydown

Q

Dwelling

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A

1-4 Unit Properties

Earnest Money Deposit

Good Faith Deposit

Escrow Account

Impound Account

Examination

Investigation

Fixed-Rate Mortgage

Traditional Mortgage

Flat Payment

Minimum Payment = Negatively Amortizing

Front-end Ratio

Housing Expense Ratio = Housing DTI

HCLTV

HTLTV

HLTK

Home Loan Tool Kit = Special Information Booklet

Home Payment

PITI

Interim

Short-Term

Investment Property

Rental Property

Junior Deed of Trust

Junior Mortgage

Land Contract

Owner Financing = Seller Carryback

Lender

Mortgagee

Lender Credit

Lender Rebate

MLO

Residential MLO = State Licensed MLO

NMLS Number

Unique Identifier

Ownership

Title

Primary Residence

Principle Residence

Right to Cancel

Right to Rescind

Second / Third / Fourth / Etc. Lien

Subordinate Lien

Secondary Residence

Vacation Home

Seller Consessions

Seller Credit

Settlement Service

3rd Party Service

The State Authority

The State

TRID

Know Before You Owe Rule