Concierge Acronyms

Question 1

AIR

Answer 1

Adjustable Interest Rate Table

Question 2

AIN

Answer 2

Assessor’s identification number

Question 3

AML

Answer 3

Anti-Money Laundering

Question 4

API

Answer 4

Application Programming Interface

Question 5

APN

Answer 5

Parcel Number or Assessor’s Parcel Number

Question 6

APR

Answer 6

Annual Percentage Rate

Question 7

ARM

Answer 7

Adjustable-rate mortgage

Question 8

BK

Answer 8

Bankruptcy

Question 9

BPO

Answer 9

Brokers Price Opinion

Question 10

BSA

Answer 10

Bank Secrecy Act

Question 11

C RES

Answer 11

Carrington Real Estate Services; the former name of Vylla Home

Question 12

CCF

Answer 12

Carrington Charitable Foundation

Question 13

CCR

Answer 13

Covenants, Conditions & Restrictions

Question 14

CD

Answer 14

Certificate of Deposit

Question 15

CDA

Answer 15

Commission Disbursement Authorization

Question 16

CFPB

Answer 16

Consumer Financial Protection Bureau

Question 17

CMH

Answer 17

Carrington Mortgage Holdings

Question 18

CMS

Answer 18

Carrington Mortgage Services

Question 19

COFI

Answer 19

Cost of funds index

Question 20

CRM

Answer 20

Customer Relationship Management System

Question 21

CRV

Answer 21

Certificate of Reasonable Value

Question 22

CSR

Answer 22

Customer Service Representative

Question 23

DIL

Answer 23

Deed in lieu of foreclosure

Question 24

Double Pos

Answer 24

Double Positive: a third-party call center company that calls current Carrington customers in an effort to recapture business

Question 25

DTI

Answer 25

Debt to Income Ratio

Question 26

ECOA

Answer 26

Equal Credit Opportunity Act

Question 27

EMD

Answer 27

Earnest Money Deposit

Question 28

FHA

Answer 28

Federal Housing Administration

Question 29

FICO Score

Answer 29

A FICO score is a credit score created by the Fair Isaac Corporation (FICO)

Question 30

GFE

Answer 30

Good Faith Estimate

Question 31

GSE

Answer 31

Government Sponsored Enterprise

Question 32

HELOC

Answer 32

Home Equity Line of Credit

Question 33

HUD

Answer 33

The U.S. Department of Housing and Urban Development

Question 34

LO

Answer 34

Loan Officer

Question 35

MLO

Answer 35

Mortgage Loan Originator

Question 36

LOS

Answer 36

Loan Origination Software

Question 37

LTV

Answer 37

Loan to Value

Question 38

MI

Answer 38

Mortgage Insurance

Question 39

MIP

Answer 39

Mortgage Insurance Premium

Question 40

MLD

Answer 40

Mortgage Lending Division

Question 41

MLO

Answer 41

Mortgage Lending Officer

Question 42

NOI

Answer 42

Notice of Intent

Question 43

NPPI

Answer 43

Non Public Person Information

Question 44

PID

Answer 44

Property identification

Question 45

PIN

Answer 45

Property identification number

Question 46

PITI

Answer 46

Principal, interest, taxes, and insurance

Question 47

PMI

Answer 47

Private Mortgage Insurance

Question 48

POA

Answer 48

Power of attorney

Question 49

PUD

Answer 49

Planned Unit Development

Question 50

REO

Answer 50

Real Estate Owned

Question 51

RESPA

Answer 51

Real Estate Settlement & Procedures Act

Question 52

TILA

Answer 52

Truth in Lending Act

Question 53

TIP

Answer 53

Total Interest Percentage

Question 54

TRID

Answer 54

Truth in Leading Act Respa Integrated Disclosure

Question 55

VA

Answer 55

Veterans Administration