SAFE Synonym List Flashcards by Gabrielle Sulaka

Q

1003, 65 by Freddie

A

Application = URLA = Formal Request for Credit

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Q

1004

A

Appraisal = URAR

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Q

Acceleration Clause

A

Demand Letter

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Q

Aggregate

A

Total

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Q

ALIENS

A

Completed Application

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Q

Appraisal Disclosure

A

Notice of Right to Receive Appraisal = Right to receive Disclosure

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Q

Bank Fraud

A

Wire Fraud

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Q

Borrower

A

Mortgagor

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Q

The Bureau

A

CFPB (Consumer Financial Protection Bureau)

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Q

Closing

A

Settlement

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Q

Closing Agent

A

Closing Attorney = Escrow Agent = Settlement Agent = Title Agent

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Q

CLTV

A

TLTV

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Q

Collateral Dependent Lending

A

Equity Based Lending

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Q

Commissioner

A

Head of Sate Authority

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Q

Conditional Refi

A

Conditional Reset

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Q

Confirm Receipt

A

Statement of No Obligation

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Q

Covered Loans

A

High-Cost Loans = HOEPA Loans

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Q

Credit

A

Financing=Lending

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Q

Credit History

A

Financial Character

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Q

Deed of Trust/Mortgage

A

Security Instrument

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Q

Direct Sales Comparison Approach

A

Market Approach = Sales Comparison Approach

Q

Director

A

Head of CFPB

Q

Discount Point

A

Permanent Buydown

Q

Dwelling

A

1-4 Unit Properties

Q

Earnest Money Deposit

A

Good Faith Deposit

Q

Escrow Account

A

Impound Account

Q

Examination

A

Investigation

Q

Fixed-Rate Mortgage

A

Traditional Mortgage

Q

Flat Payment

A

Minimum Payment = Negatively Amortizing

Q

Front-end Ratio

A

Housing Expense Ratio = Housing DTI

Q

HCLTV

A

HTLTV

Q

HLTK

A

Home Loan Tool Kit = Special Information Booklet

Q

Home Payment

A

PITI

Q

Interim

A

Short-Term

Q

Investment Property

A

Rental Property

Q

Junior Deed of Trust

A

Junior Mortgage

Q

Land Contract

A

Owner Financing = Seller Carryback

Q

Lender

A

Mortgagee

Q

Lender Credit

A

Lender Rebate

Q

MLO

A

Residential MLO = State Licensed MLO

Q

NMLS Number

A

Unique Identifier

Q

Ownership

A

Title

Q

Primary Residence

A

Principle Residence

Q

Right to Cancel

A

Right to Rescind

Q

Second / Third / Fourth / Etc. Lien

A

Subordinate Lien

Q

Secondary Residence

A

Vacation Home

Q

Seller Consessions

A

Seller Credit

Q

Settlement Service

A

3rd Party Service

Q

The State Authority

A

The State

Q

TRID

A

Know Before You Owe Rule