FirstBank OnBoarding Manual - Flipbook - Page 102
ACRONYMS AND ABBREVIATIONS
Mortgage Acronyms and Abbreviations (continued)
NMLS - Nationwide Multistate Licensing System
SSN - Social Security Number
PITIA - Principal, Interest, Taxes & Association Fees
TILA - Truth in Lending Act
PITI - Principal, Interest, Taxes and Insurance
THDA - Tennessee Housing Department Agency
PMI - Private Mortgage Insurance
URAR - Uniform Residential Appraisal Report
POA - Power of Attorney
URLA - Uniform Residential Loan Application
POC - Paid Outside of Closing
USDA - United States Department of
Agriculture (RD)
PR - Primary Residence
PUD - Planned Unit Development
P&I - Principal and Interest
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VA - Veterans Affairs
VOD - Verification of Deposit
VOE - Verification of Employment
REO - Real Estate Owned
VOM - Verification of Mortgage
RESPA - Real Estate Settlement Procedures Act
VOR - Verification of Rent
RD - Rural Development (USDA)
VVOE - Verbal Verification of Employment
SFR - Single Family Residence
WVOE - Written Verification of Employment
SSA - Social Security Administration
1003 - Loan Application
Onboarding Manual
Confidential. Property of FirstBank. Not for Distribution.
