Concierge Acronyms Flashcards

1
Q

AIR

A

Adjustable Interest Rate Table

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2
Q

AIN

A

Assessor’s identification number

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3
Q

AML

A

Anti-Money Laundering

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4
Q

API

A

Application Programming Interface

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5
Q

APN

A

Parcel Number or Assessor’s Parcel Number

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6
Q

APR

A

Annual Percentage Rate

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7
Q

ARM

A

Adjustable-rate mortgage

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8
Q

BK

A

Bankruptcy

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9
Q

BPO

A

Brokers Price Opinion

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10
Q

BSA

A

Bank Secrecy Act

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11
Q

C RES

A

Carrington Real Estate Services; the former name of Vylla Home

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12
Q

CCF

A

Carrington Charitable Foundation

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13
Q

CCR

A

Covenants, Conditions & Restrictions

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14
Q

CD

A

Certificate of Deposit

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15
Q

CDA

A

Commission Disbursement Authorization

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16
Q

CFPB

A

Consumer Financial Protection Bureau

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17
Q

CMH

A

Carrington Mortgage Holdings

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18
Q

CMS

A

Carrington Mortgage Services

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19
Q

COFI

A

Cost of funds index

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20
Q

CRM

A

Customer Relationship Management System

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21
Q

CRV

A

Certificate of Reasonable Value

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22
Q

CSR

A

Customer Service Representative

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23
Q

DIL

A

Deed in lieu of foreclosure

24
Q

Double Pos

A

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

25
Q

DTI

A

Debt to Income Ratio

26
Q

ECOA

A

Equal Credit Opportunity Act

27
Q

EMD

A

Earnest Money Deposit

28
Q

FHA

A

Federal Housing Administration

29
Q

FICO Score

A

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

30
Q

GFE

A

Good Faith Estimate

31
Q

GSE

A

Government Sponsored Enterprise

32
Q

HELOC

A

Home Equity Line of Credit

33
Q

HUD

A

The U.S. Department of Housing and Urban Development

34
Q

LO

A

Loan Officer

35
Q

MLO

A

Mortgage Loan Originator

36
Q

LOS

A

Loan Origination Software

37
Q

LTV

A

Loan to Value

38
Q

MI

A

Mortgage Insurance

39
Q

MIP

A

Mortgage Insurance Premium

40
Q

MLD

A

Mortgage Lending Division

41
Q

MLO

A

Mortgage Lending Officer

42
Q

NOI

A

Notice of Intent

43
Q

NPPI

A

Non Public Person Information

44
Q

PID

A

Property identification

45
Q

PIN

A

Property identification number

46
Q

PITI

A

Principal, interest, taxes, and insurance

47
Q

PMI

A

Private Mortgage Insurance

48
Q

POA

A

Power of attorney

49
Q

PUD

A

Planned Unit Development

50
Q

REO

A

Real Estate Owned

51
Q

RESPA

A

Real Estate Settlement & Procedures Act

52
Q

TILA

A

Truth in Lending Act

53
Q

TIP

A

Total Interest Percentage

54
Q

TRID

A

Truth in Leading Act Respa Integrated Disclosure

55
Q

VA

A

Veterans Administration