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NMLS+ > Acronyms > Flashcards

Acronyms Flashcards

1
Q

NMLS

A

Nationwide Multistate Licensing System

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2
Q

CSBS

A

Conference of State Bank Supervisors

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3
Q

AARMR

A

American Association of Residential Mortgage Regulators

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4
Q

HERA

A

Housing and Economic Recovery Act of 2008

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5
Q

SAFE Act

A

Secure And Fair Enforcement for Mortgage Licensing Act

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6
Q

FHFA

A

Federal Housing Finance Agency

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7
Q

GSE

A

Government Sponsored Enterprise

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8
Q

FNMA

A

Federal National Mortgage Association (Fannie Mae)

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9
Q

FHLMC

A

Federal Home Loan Mortgage Corporation (Freddie Mac)

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10
Q

ATR

A

Ability To Repay

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11
Q

QM

A

Qualified Mortgage

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12
Q

HPML

A

Higher Priced Mortgage Loans

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13
Q

CFPB

A

Consumer Financial Protection Bureau

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14
Q

USPAP

A

Uniform Standards of Professional Appraisal Practice

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15
Q

Dodd Frank (full name)

A

Dodd Frank Wall Street Reform and Consumer Protection Act

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16
Q

FACTA

A

Fair and Accurate Credit Transactions Act

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17
Q

MAP

A

Mortgage Acts and Practices

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18
Q

HPA

A

Homeowner’s Protection Act

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19
Q

RESPA

A

Real Estate Settlement Procedures Act

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20
Q

TILA

A

Truth In Lending Act

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21
Q

TRID

A

TILA/RESPA Integrated Disclosure

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22
Q

HMDA

A

Home Mortgage Disclosure Act

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23
Q

ECOA

A

Equal Credit Opportunity Act

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24
Q

FERA

A

Fraud Enforcement & Recovery Act

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25
Q

GLB

A

Gramm-Leech-Bliley Act

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26
Q

MARS

A

Mortgage Assistance Relief Services
(Mortgage Relief Services Rule)

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27
Q

FCRA

A

Fair Credit Reporting Act

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28
Q

MBS

A

Mortgage Backed Securities

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29
Q

SRP

A

Service Release Premium

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30
Q

GNMA

A

Government National Mortgage Associate (Ginnie Mae)

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31
Q

SISA

A

Stated Income, Stated Assets

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32
Q

HELOC

A

Home Equity Line Of Credit

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33
Q

HEIL

A

Home Equity Installment Loan

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34
Q

DTI

A

Debt To Income

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35
Q

ARM

A

Adjustable Rate Mortgage

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36
Q

PMI

A

Private Mortgage Insurance

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37
Q

MIP

A

Mortgage Insurance Premium

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38
Q

FHA

A

Federal Housing Association

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39
Q

VA

A

Veteran Affairs

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40
Q

USDA

A

US Department of Agriculture

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41
Q

PITI

A

Principal Interest Taxes (real estate) Insurance

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42
Q

IO

A

Interest Only

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43
Q

PPP

A

Pre-Payment Penalty

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44
Q

HOI

A

Homeowner’s Insurance

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45
Q

HOA

A

Homeowner’s Association

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46
Q

FEMA

A

Federal Emergency Management Agency

47
Q

LTV

A

Loan To Value

48
Q

UFMIP

A

Upfront Mortgage Insurance Premium

49
Q

PUD

A

Planned Unit Development

50
Q

YSP

A

Yield Spread Premium

51
Q

LLPA

A

Loan Level Price Adjustment

52
Q

APR

A

Annual Percentage Rate

53
Q

APOR

A

Average Prime Offer Rate

54
Q

LE

A

Loan Estimate

55
Q

CD

A

Closing Disclosure

56
Q

CAR (TILA)

A

Cost of Credit
Advertising
Rescission

57
Q

PODIUMM (Finance Charge)

A

Processing
Origination
Discount
Interest
Underwriting
Mortgage Broker Fees
Mortgage Insurance Premium (PMI or MIP)

58
Q

GFE

A

Good Faith Estimate

59
Q

HUD

A

Housing and Urban Development

60
Q

COC

A

Change Of Circumstance

61
Q

URLA

A

Uniform Residential Loan Application (1003)

62
Q

ALIENS

A

Address
Loan amount
Income
Estimated value
Name
SSN

63
Q

T Bill

A

Treasury Bill

64
Q

LIBOR

A

London Interbank Offered Rate

65
Q

COFI

A

11th district Cost Of Funds Index

66
Q

SOFR

A

Secured Overnight Financing Rate

67
Q

FIR

A

Fully Indexed Rate

68
Q

CHARM

A

Consumer Handbook on ARMs

69
Q

CLTV

A

Combined Loan To Value

70
Q

HCLTV or TLTV

A

High Combined Loan To Value or Total LTV

71
Q

4 C’s of Qualification

A

Credit
Capacity
Collateral
Capital

72
Q

AUS

A

Automated Underwriting System

73
Q

DU (AUS)

A

Desktop Underwriter

74
Q

LPA (AUS)

A

Loan Product Advisor

75
Q

FICO

A

Fair Isaac Corporation

76
Q

CRA

A

Credit Reporting Agency

77
Q

LOX

A

Letter Of Explanation

78
Q

VOE

A

Verification Of Employment

79
Q

AMC

A

Appraisal Management Company

80
Q

HVCC

A

Home Valuation Code of Conduct

81
Q

PIW

A

Property Inspection Waiver

82
Q

DO (AUS)

A

Desktop Originator

83
Q

HOEPA

A

Home Ownership and Equity Protection Act (High Cost)

84
Q

HECM

A

Home Equity Conversion Mortgage

85
Q

COE

A

Certificate Of Eligibility

86
Q

IRRRL (VA)

A

Interest Rate Reduction Refinance Loan

87
Q

URLA

A

Uniform Residential Loan Application

88
Q

MSDS

A

Mortgage Servicing Disclosure

89
Q

CCPA

A

Consumer Credit Protection Act

90
Q

NOAT

A

Notice Of Action Taken

91
Q

FinCEN

A

Financial Crimes Enforcement Network

92
Q

BSA

A

Bank Secrecy Act

93
Q

AML Program

A

Anti Money Laundering program

94
Q

SAR

A

Suspicious Activity Report

95
Q

SBF (GLB)

A

Safeguarding
Pretexting
Financial Privacy

96
Q

NPI

A

Nonpublic Personal Info

97
Q

DNC

A

No Not Call

98
Q

FTC

A

Federal Trade Commission

99
Q

FCC

A

Federal Communications Commission

100
Q

E-Sign Act

A

Electronic Signatures In Global National commerce Act

101
Q

NINA

A

No Income, No Assets

102
Q

LA

A

Loan Advisor

103
Q

VOM

A

Verification Of Mortgage

104
Q

VOR

A

Verification Of Rent

105
Q

REO

A

Real Estate Owned

106
Q

SFR

A

Single Family Residence

107
Q

PIW

A

Property Inspection Waiver

108
Q

AVM (VA)

A

Automated Valuation Method

109
Q

URAR

A

Uniform Residential Appraisal Report

110
Q

ABA

A

Affiliated Business Disclosure

111
Q

NOIA

A

Notice Of Incomplete Action

112
Q

UST

A

Uniform State Content

113
Q

CRV (appraisal)

A

Certificate of Reasonable Value

NMLS+ (7 decks)

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