Mortgage Acronyms
LTV
What is Loan to Value?
364 or 225
What is Loan Number?
They assist borrowers with the loan application process
Who are Loan Officers?
The Empire Strikes Back or The Structured Query Language
What is SQL pronounced “sequel”?
ODS, CDM, KDD, EDW
What are databases?
WAC
What is Weighted Average Coupon?
What is Loan Amount?
They assess a borrower’s finances and the risk to extend a loan
Who are Underwritters?
A superior program with rows and columns
What is MS Excel?
Mulder’s or MLA’s bailiwick
What are the “X-Files”?
FICO
What is Fair Isaac Corporation?
14 or 359
What is Property State?
Who is the ASK Desk?
Datatrac, Encompass, Empower
What are Loan Origination Systems (“LOS”)?
A pitcher’s asset or a type of mortgage
What is an ARM?
HMDA
What is the Home Mortgage Disclosure Act?
3142 or 12
What is Application Date?
They do the work no one else wants to do
Who is Mortgage Lending Analytics (“MLA”)?
The bane of our existence
What is Motivity?
A “dead pledge”
What is a mortgage?
QM
What is Qualified Mortgage?
1401 OR 32506
What is Loan Program?
EVP of MLD
Who is Greg Austin?
A poison or a cure
What is alcohol?
TRID Document or Musical Media
What is a CD?