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Acronym Flashcards

1
Q

What does AARMR stand for

A

American association of residential mortgage regulators

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2
Q

What does ABA/AfBA stand for

A

Affiliated business arrangement disclosure

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3
Q

What does AIR stand for

A

Appraisal independence requirement

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4
Q

Memory trick ALIENS for application

A

Address, loan amount, income, estimated value, name, SSN

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5
Q

What does AML stand for

A

Anti money laundering

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6
Q

What does APOR stand for

A

Average prime offer rate

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7
Q

What does APR stand for

A

Annual percentage rate

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8
Q

What does ATR stand for

A

Ability to repay

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9
Q

What does AUS stand for

A

Automated underwriting system

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10
Q

What does BPO stand for

A

Brokers price opinion

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11
Q

What does BSA stand for

A

Bank secrecy act

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12
Q

What does CCPA stand for

A

Consumer credit protection act

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13
Q

What does CD stand for

A

Closing disclosure

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14
Q

What does CDOs stand for

A

Collateralized debt obligations

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15
Q

What does CE stand for

A

Continuing education

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16
Q

What does CFPB stand for

A

Consumer financial protection bureau

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17
Q

What does CHARM stand for

A

Consumer handbook on adjustable rate mortgages

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18
Q

What does CLTV/TLTV stand for

A

Combined loan to value
Total loan to value

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19
Q

What does CMIR stand for

A

Currency monetary instruments report

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20
Q

What does CMO stand for

A

Collateralized mortgage obligations

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21
Q

What does CO stand for

A

Certificate of occupancy

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22
Q

What does C/O stand for

A

Cash out

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23
Q

What does COE stand for

A

Certificate of eligibility

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24
Q

What does COFI stand for

A

Cost of funds index

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25
Q

What does CRA stand for

A

Credit reporting agency

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26
Q

What does CRV stand for

A

Certificate of reasonable value

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27
Q

What does CSBS stand for

A

Conference of state bank supervisors

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28
Q

What does CTR stand for

A

Currency transaction report

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29
Q

What does DO stand for

A

Desktop originator

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30
Q

What does DTI stand for

A

Debt to income

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31
Q

What does DU stand for

A

Desktop underwriter

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32
Q

What does ECOA stand for

A

Equal credit opportunity act

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33
Q

What does EEM stand for

A

Energy efficient mortgage

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34
Q

What does E-Sign stand for

A

Electronic signatures in global and National commerce

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35
Q

What does FACTA stand for

A

Fair and accurate credit transactions act

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36
Q

What does FBAR stand for

A

Foreign bank and financial accounts report

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37
Q

What does FCC stand for

A

Federal communications commission

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38
Q

What does FCRA stand for

A

Fair credit reporting act

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39
Q

What does FEMA stand for

A

Federal emergency management agency

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40
Q

What does FHA stand for

A

Fair housing administration
Fair housing act

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41
Q

What does FHA HECM stand for

A

FHA home equity conversion mortgage

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42
Q

What does FHFA stand for

A

Federal housing finance agency

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43
Q

What does FHLMC (Freddie Mac) stand for

A

Federal home loan mortgage corporation

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44
Q

What does FinCEN stand for

A

Financial crimes enforcement network

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45
Q

What does FNMA (Fannie Mae) stand for

A

Federal national mortgage association

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46
Q

What does FTC stand for

A

Federal trade commission

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47
Q

What does GEM stand for

A

Growing equity mortgage

48
Q

What does GFE stand for

A

Good faith estimate

49
Q

What does GLBA stand for

A

Gramm-leach bliley act

50
Q

What does GMi stand for

A

Gross monthly income

51
Q

What does GMK stand for

A

General mortgage knowledge

52
Q

What does GNMA (Ginnie Mae) stand for

A

Government national mortgage association

53
Q

What does GNND stand for

A

Good neighbor next door

54
Q

What does GOM stand for

A

Graduated payment mortgage

55
Q

What does GSE stand for

A

Government sponsored enterprise

56
Q

What does HCLTV/HTLTV stand for

A

High combined loan to value
High total loan to value

57
Q

What does HEL stand for

A

Home equity loan

58
Q

What does HELOC stand for

A

Home equity line of credit

59
Q

What does HERA stand for

A

Housing and economic recovery act

60
Q

What does HLTK stand for

A

Home loan toolkit

61
Q

What does HMDA stand for

A

Home mortgage disclosure act

62
Q

What does HOEPA stand for

A

Home ownership equity protection act

63
Q

What does HOI stand for

A

Homeowners insurance

64
Q

What does HPA stand for

A

Homeowners protection act

65
Q

What does HPML stand for

A

Higher priced mortgage loan

66
Q

What does HUD stand for

A

Housing and urban development

67
Q

What does I/O stand for

A

Interest only

68
Q

What does KBYO stand for

A

Know before you owe

69
Q

What does L/AR stand for

A

Loan application register

70
Q

What does LPA stand for

A

Loan product advisor

71
Q

What does LE stand for

A

Loan estimate

72
Q

What does LES stand for

A

Leave and earnings statement

73
Q

What does LIBOR stand for

A

London interbank offered rate

74
Q

What does L K O stand for

A

Loan originator

75
Q

What does LTV stand for

A

Loan to value

76
Q

What does MAP stand for

A

Mortgage acts and practices

77
Q

What does MBS stand for

A

Mortgage backed securities

78
Q

What does MCR stand for

A

Mortgage call report

79
Q

What does MDIA stand for

A

Mortgage disclosure improvement act

80
Q

What does MIP stand for

A

Mortgage insurance premium

81
Q

What does MLO stand for

A

Mortgage loan originator

82
Q

What does MSDS stand for

A

Mortgage servicing disclosure statement

83
Q

What does MU stand for

A

Mortgage uniform (form)

84
Q

What does NFIP stand for

A

National flood insurance program

85
Q

What does NMLS stand for

A

Nationwide multistage licensing system

86
Q

What does NTS stand for

A

Notice of transfer statement

87
Q

What does PE stand for

A

Pre licensing education

88
Q

What does PL stand for

A

Principal limit

89
Q

What does PMI stand for

A

Private mortgage insurance

90
Q

What does PITi stand for

A

Principal interest taxes insurance

91
Q

What does QM stand for

A

Qualified mortgage

92
Q

What does RESPA stand for

A

Real estate settlement procedures act

93
Q

What does R/T stand for

A

Rate and term

94
Q

What does SAFE stand for

A

Secure and fair enforcement

95
Q

What does SAR stand for

A

Suspicious activity report

96
Q

What does SEC stand for

A

Securities and exchange commission

97
Q

What does SFHA stand for

A

Special flood hazard area

98
Q

What does SFHGLP stand for

A

Single family housing guaranteed loan program

99
Q

What does SRR stand for

A

State regulatory registry

100
Q

What does T-Bill stand for

A

(United States) treasury Bill

101
Q

What does TCPA stand for

A

Telephone consumer protection act

102
Q

What does TIL stand for

A

Truth in lending

103
Q

What does TILA stand for

A

Truth in lending act

104
Q

What does TIP stand for

A

Total interest percentage

105
Q

What does TOTAL stand for

A

Technology open to approved lenders

106
Q

What does TRID stand for

A

TILA RESPA integrated disclosure

107
Q

What does UDAAP stand for

A

Unfair deceptive or abusing acts or practices

108
Q

What does URLA stand for

A

Uniform residential loan application

109
Q

What does US patriot stand for

A

United and strengthening American by providing appropriate tools required to intercept and obstruct terrorism

110
Q

What does USC stand for

A

Uniform state content

111
Q

What does USDA stand for

A

United states department of agriculture

112
Q

What does USPAP stand for

A

Uniform standards of professional appraisal practices

113
Q

What does UST stand for

A

Uniform state test

114
Q

What does VA stand for

A

Veterans administration

115
Q

What does VOE stand for

A

Verification of employment

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