MOST COMMON LOAN ACRONYMS

 

1003	Universal Residential Loan Application
ACK	Acknowledgement
AFF	affidavit
AIF	Attorney in Fact
AKA	also known as
APR	annual percentage rate
ARM	adjustable rate mortgage
BO	borrower
CIV	Customer Identification Verification
DBA	doing business as
DOB	date of birth
DOT	deed of trust
ECOA	Equal Credit Opportunity Act
EO	Escrow Officer
EOM	End of Month
FHA	Federal Housing Authority
FKA	formerly known as
HELOC	Home Equity Line of Credit
HUD	Housing and Urban Development
LO	loan officer
LOE	Letter of Explanation
MISMO	Mortgage Industry Standards Maintenance Organization Inc.
MTG	mortgage
NKA	now known as
P&I	Principal & Interest
PCL	Printer Command Language
PDF	Portable Document Format
PMI	Private Mortgage Insurance
POA	Power of Attorney
POC	Paid out of Closing
POCL	Paid out of Closing by Lender
QCD	Quit Claim Deed
RESPA	Real Estate Settlement Protection Act
RTC	Right to Cancel
SS:	A Latin word "scilicet" meaning "in particular" or "namely" often found in the venue of a notary certificate
TC	Title Company
TIL	Truth in Lending Disclosure
UPL	Unauthorized Practice of Law
VA	Veteran's Administration
VOE	Verification of Employment
WD	Warranty Deed

Help make this a more complete list. If there are some I have left out please send me an email.

 

 

 

 

 

 

 

 

 

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Halitek Industries LLC.
Copyright © 2003 Halitek Industries LLC. All rights reserved.
Revised: 11/19/07