Synonyms Flashcards
URLA (aka) application (aka) formal request for credit is known as
1003 or form 65 (Freddie)
URAR our appraisal is also known as
1004
Acceleration clause is also known as
Demand letter
Aggregate is also known as
Total
ALIENS is also known as
Completed application
Appraisal disclosure is also known as
Notice of right to receive appraisal
Bank fraud is also known as
Wire fraud
Mortgagor is also known as
Borrower
They CFPB is also known as
The bureau
Settlement is also known as
Closing
Closing attorney / escrow agent / settlement agent / title agent is also known as
Closing agent
CLTV is also known as
TLTV
Equity based lending is also known as
Collateral based lending
Head of state authority is also known as
Commissioner
Conditional reset is also known as
Conditional refi
Statement of no obligation is also known as
Confirm receipt
High cost loans / HOEPA loans is also known as
Covered loans
Financing / lending is also known as
Credit
Credit history is also known as
Financial character
Deed of trust / mortgage is also known as
Security instrument
Direct sales comparison approach is also known as
Market approach
Head of the CFPB is also known as
Director
Permanent buydown is also known as
Discount point
1-4 unit property is also known as
Dwelling
Earnest money deposit is also known as
Good faith deposit
Escrow account is also known as
Impound account
Examination is also known as
Investigation
Fixed rate mortgage is also known as
Traditional mortgage
Flat payment is also known as
Minimum payment (negative amortization)
Housing expenses ratio / housing DTI is also known as
Front end ratio
HCLTV is also known as
HTLTV
HLTK / home loan toolkit is also known as
Special information booklet
Home payment is also known as
PITI
Interim is also known as
Short term
Investment property is also known as
Rental property
Junior deed of trust is also known as
Junior mortgage
Owner financing / seller carryback is also known as
Land contract
Mortgagee is also known as
Lender
Lender credit is also known as
Lender rebate
NMLS number is also known as
Unique identifier
Title is also known as
Ownership
Principle residence is also known as
Primary residence
Right to cancel is also known as
Right to rescind
Second / third / forth lien is also known as
Subordinate lien
Vacation home is also known as
Secondary residence
Seller concessions is also known as
Seller credit
Settlement service is also known as
3rd party service
The state authority is also known as
The state
TRID is also known as
Know before you owe rule
