| ALTA |
American Land Title Association |
| APR |
Annual Percentage Rate |
| ARM |
Adjustable Rate Mortgage |
| ATIMA |
As Their Interest May Appear |
| BD |
Buy Down |
| CCR |
Covenants, Conditions & Restrictions |
| CE |
Certificate of Eligibility |
| CHFA |
California Housing Finance Association |
| CI |
Current Index |
| CK |
Check |
| CLTV |
Combined Loan-to-Value |
| CMT |
Constant Maturity Treasury |
| CO |
Certificate of Occupancy |
| DBA |
Doing Business As |
| DE |
Direct Endorsement |
| Disc |
Discount |
| DO |
Desktop Originator |
| Docs |
Documents |
| DOT |
Deed of Trust |
| DU |
Desktop Underwriting |
| DA |
Dual Agency |
| EBITDA |
Earnings Before Interest, Taxes, Depreciation, Amortization |
| ECOA |
Equal Credit Opportunity Act |
| Eofl |
Evidence of Insurance |
| FCRA |
Fair Credit Reporting Act |
| FHA |
Federal Housing Administration |
| FHLMC |
Freddie Mac |
| FICO |
Credit Score |
| FIR |
Fully Indexed Rate |
| FNMA |
Fannie Mae |
| GFE |
Good Faith Estimate |
| GNMA |
Government National Mortgage Association (Ginnie Mae) |
| GPM |
Graduated Payment Mortgage |
| HELOC |
Home Equity Line of Credit |
| HOA |
Home Owners Association |
| HUD |
Department of Housing and Urban Development |
| IBS |
Individual Benefit Statement |
| IND |
Individual |
| INV |
Investor |
| JT |
Joint |
| JTRS |
Joint Tenants with Rights of Survivorship |
| Legal |
Legal Description of a Property |
| LOC |
Line of Credit |
| LTV |
Loan-to-Value |
| LP |
Loan Prospector |
| MBA |
Mortgage Bankers Association |
| MCC |
(FHA) Master Conditional Commitment |
| MCR |
Merged Credit Report |
| MCRV |
Master Certificate of Reasonable Value |
| MI |
Mortgage Insurance |
| MIP |
Mortgage Insurance Premium (FHA) |
| MLS |
Multiple Listing Service |
| NAR |
National Association of Realtors |
| NAV |
No Asset Verification |
| NET |
Net Amount |
| NINA |
No Income No Asset |
| NIV |
No Income Verification |
| OIS |
Operating Income Statement |
| O/O |
Owner-Occupied |
| ORIG |
Origination |
| P&L |
Profit & Loss |
| PMI |
Private Mortgage Insurance |
| POA |
Power of Attorney |
| PUD |
Planned Unit Development |
| Pur |
Purchase |
| R&E |
Renewal & Extension |
| Refi |
Refinance |
| RESPA |
Real Estate Settlement Procedure Act |
| Rider |
Attachment to a Deed or Note |
| RLIC |
Residential Loan Inventory Control |
| RLPC |
Residential Loan Production Control |
| Schedule A |
Schedule on a Title Report |
| SLMA |
Student Loan Mortgage Association (Sallie Mae) |
| SOP |
Standard Operating Procedure |
| SRP |
Service Release Premium |
| Sub |
Subordination Agreement |
| Term |
Loan Term |
| VA |
Veterans Administration |
| VOD |
Verification of Deposit |
| VOE |
Verification of Employment |
| VOL |
Verification of Loan |
| VOM |
Verification of Mortgage |
| VOR |
Verification of Rent |
| TIL |
Truth-in-Lending |
| 30/15 |
30 Year Balloon Loan due in 15 Years |
| 15/15 |
15 Year Balloon Loan due in 15 Years |
| 3/1 |
Fixed-Rate Loan for 3 Years then Adjusted Annually |
| 7/1 |
Fixed-Rate Loan for 7 Years then Adjusted Annually |
| 10/1 |
Fixed-Rate Loan for 10 Years then Adjusted Annually |
