Synonyms Flashcards

(49 cards)

1
Q

URLA (aka) application (aka) formal request for credit is known as

A

1003 or form 65 (Freddie)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

URAR our appraisal is also known as

A

1004

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Acceleration clause is also known as

A

Demand letter

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Aggregate is also known as

A

Total

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

ALIENS is also known as

A

Completed application

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Appraisal disclosure is also known as

A

Notice of right to receive appraisal

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Bank fraud is also known as

A

Wire fraud

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Mortgagor is also known as

A

Borrower

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

They CFPB is also known as

A

The bureau

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Settlement is also known as

A

Closing

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Closing attorney / escrow agent / settlement agent / title agent is also known as

A

Closing agent

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

CLTV is also known as

A

TLTV

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Equity based lending is also known as

A

Collateral based lending

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Head of state authority is also known as

A

Commissioner

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Conditional reset is also known as

A

Conditional refi

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Statement of no obligation is also known as

A

Confirm receipt

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

High cost loans / HOEPA loans is also known as

A

Covered loans

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

Financing / lending is also known as

A

Credit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

Credit history is also known as

A

Financial character

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

Deed of trust / mortgage is also known as

A

Security instrument

21
Q

Direct sales comparison approach is also known as

A

Market approach

22
Q

Head of the CFPB is also known as

23
Q

Permanent buydown is also known as

A

Discount point

24
Q

1-4 unit property is also known as

25
Earnest money deposit is also known as
Good faith deposit
26
Escrow account is also known as
Impound account
27
Examination is also known as
Investigation
28
Fixed rate mortgage is also known as
Traditional mortgage
29
Flat payment is also known as
Minimum payment (negative amortization)
30
Housing expenses ratio / housing DTI is also known as
Front end ratio
31
HCLTV is also known as
HTLTV
32
HLTK / home loan toolkit is also known as
Special information booklet
33
Home payment is also known as
PITI
34
Interim is also known as
Short term
35
Investment property is also known as
Rental property
36
Junior deed of trust is also known as
Junior mortgage
37
Owner financing / seller carryback is also known as
Land contract
38
Mortgagee is also known as
Lender
39
Lender credit is also known as
Lender rebate
40
NMLS number is also known as
Unique identifier
41
Title is also known as
Ownership
42
Principle residence is also known as
Primary residence
43
Right to cancel is also known as
Right to rescind
44
Second / third / forth lien is also known as
Subordinate lien
45
Vacation home is also known as
Secondary residence
46
Seller concessions is also known as
Seller credit
47
Settlement service is also known as
3rd party service
48
The state authority is also known as
The state
49
TRID is also known as
Know before you owe rule