Spank me with ARCRONYMS! The ULTIMATE "add to it" guide to abbreviations for Rainers & Consumers!

By
Real Estate Mortgage Broker with Funky Quail Vintage

IN AN ONGOING EFFORT TO EDUCATE PEOPLE, I THOUGHT I WOULD PUT TOGETHER THE "ALL IMPORTANT" ACRONYM LIST!

 

FEEL FREE AS YOU LEAVE COMMENTS TO LEAVE ADDITIONAL SUGGESTIONS TO ADD TO THE LIST!

This is going to be a group effort, and by the time we are done, we should ALL have quite the resource for our customers!  Cut & Paste, or save it to your desktop to email!

AGI - Adjusted Gross Income

AIREA - American Institute of Real Estate Appraisers

AKA - Also Known As

 ALTA - American Land Title Association

APR - Annual Percentage Rate

ANSI - American National Standards Institute

 AOR - Association of Realtors

AR - ACTIVE RAIN

 ARES - American Real Estate Society

ARM - Adjustable Rate Mortgage

 ASA - American Society of Appraisers

 ASHI - American Society of Home Inspectors

ATG - Attorney's Title Guaranty

 BD - Book Depreciation

BFP - Bona Fide Purchaser

BRR - Book Rate of Return

CAM - Common Area Maintenance (charges related to commercial leases)

CC - Civil Code

 CGT - Capital Gains Tax

CH/BW - Chain Link/Barbed Wire

CLTV - Combined Loan to Value

CPL - Closing Protection Letter

CO - Certificate of Occupancy

COE - Cost of Equity

COE - Certificate of Eligibility (VA context see below)

COFI - Cost of Funds Index

COSI - Cost of Savings Index

CRA - Community Re-Investment Act

CUV - Current Use Value

DD214 - Used to discharge service members in the 1950s

DIM - Deferred-Interest Mortgage

DO - Desktop Originator

DRC - Depreciated Replacement Cost

DS - Due on Sale (clause)

DTI - Debt to Income

DU - Desktop Underwriter

EAL - Exclusive Agency Listing

ERV - Estimated Rental Value

FHA - Farmers Home Administration

FDR - Formal Dining Room

FMV - Fair Market Value

FP - Fireplace

FPM - Flexible-Payment Mortgage

FRM - Fixed-Rate Mortgage

FRV - Full Rental Value

FSBO - For Sale By Owner

GCI - Gross Commission Income

GFE - Good Faith Estimate

GPM - Graduated Payment Mortgage

GRI - Graduate Realtor Institute

GRM - Gross Rent Multiplier

HARP - Housing Asset Recovery Program

HDW - Hardwood Floors

HECM - Home Equity Conversion Mortgage

HEL - Home Equity Loan aka: HEQTY

HOA - Home Owners' Association

HOI - Home Owners Insurance

HUD - (Department of) Housing and Urban Development

HUD1 - Closing Statement from Closing

HWF - Hardwood Floors

HVAC - Heating, Ventilation, and Air Conditioning

 HVCC - Home Valuation Code of Conduct

JMTC - Just My Two Cents (for Belonger)

LIBOR - London Interbank Offered Rate

LOL - Laughing out Loud (for Sarah)

LOX - Letter of Explanation

LP - Loan Prospector

LPC - Loss Payable Clause

LPMI - Lender Paid Mortgage Insurance

LTV - Loan To Value (Ratio)

LUI - Land Use Intensity

MBA - Mortgage Bankers Association of America

MBB - Mortgage-Backed Bond

MBO - Mortgage-Backed Obligation

MBS - Mortgage-Backed Security

MGIC - Mortgage Guaranty Insurance Corporation

MLS - Multiple Listing Service

MMI - Mutual Morgage Insurance

MPC - Master Planned Community

MRA - Master Residential Appraiser

MSA - Master Senior Appraiser

MSA - Marital Settlement Agreement

NHBC - National House Building Council

NIA - Net Internal Area

NIM - Net Income Multiplier

NLA - Net Leasable Area

NNN - Triple Net (Lease)

NOI - Net Operating Income

NPV - Net Present Value

NRV - Net Realizable Value

OBO - Or Best Offer

OER - Operating Expense Ratio

OIRO - Offers In the Region Of...

OMG - Oh My Gosh..(for Shannon)

OTP - Offer to Purchase

PCD - Planned Commercial Development

PEPS - Political, Economic, Physical, Social (forces that drive value)

PHA - Public Housing Administration

PID - Planned Industrial Development

PITI - Principal, Interest, Taxes, and Insurance

PIW - Property Inspection Waiver

PMDT - Purchase Money Deed of Trust

PMI - Private Mortgage Insurance

PO - Principal Only

POA - Power of Attorney

PFC - Prepaid Finance Charge

POC - Paid Outside of Closing

PPP - Pre-Payment Penalty

PSF - Per Square Foot

PUD - Planned Unit Development

PV - Present Value

PW - Present Worth

RAM - Reverse Annuity Mortgage

RD - Rural Development

REA - Reciprocal Easement Agreement

REIT - Real Estate Investment Trust

REC - Real Estate Commission

REO - Real Estate Owned

ROM - Roll-Over Mortgage

SAM - Shared-Appreciation Mortgage

SEM - Shared-Equity Mortgage

 SFD - Single Family Detached

TAMI - Tax Advantage Mortgage Insurance

TI - Tenant Improvement

TIC - Tenants In Common

TIL - Truth in Lending

TIP - Treasury Investment Program

TLP - Trusted Lender Partner (for Robert Rauf)

TLTV - Total Loan to Value

TPL - Third Party Liability

TRA - Tax Reform Act

UFMIP - Upfront Mortgage Insurance Premium

USDA - United States Dept of Agriculture

VA - Veterans Administration (Loan)

VAP - Variable Payment (Mortgage)

VAT - Value Added Tax

VOD - Verification of Deposit

VOE - Verification of Employment

VOR - Verification of Rent

VPM - Variable-Payment Mortgage

VRE - Virtual Real Estate

VRM - Variable-Rate Mortgage

4506T - Request for IRS transcipts

Email me good additions!!  Please!

Here are a couple of other blogs I have done, that you may enjoy! 

Best to all and Happy Selling!

Darin

http://activerain.com/blogsview/1022735/If-you-advertise-it-will-they-come-AN-OPEN-question-to-open-houses-12-great-suggestions

 

http://activerain.com/blogsview/920077/Holding-Fellow-Lenders-to-a-higher-standard-Misinformation-is-the-leading-candidate-for-confusion

One Source Mortgage, LLC

608-592-2227

Darin@osmwi.com

 

 

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Re-Bloggged 1 time:

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  1. Janice Roosevelt 04/21/2009 06:23 AM
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Topic:
Mortgage / Finance
Location:
Wisconsin
Groups:
All About Mortgages/Mortgage Networking
Mortgages
Realtors®
The Lounge at Active Rain
USDA Rural Development Loan Group
Tags:
acronyms
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glossary
understanding the mortgage language
loans
buying
1st time home buyers
100
financing
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Comments 11 New Comment

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Ambassador
42,041
Darin Osenberg
Funky Quail Vintage

Tom B -  I agree...TMI

 

Ken - Got em and added em!  Thanks pal!

Hope everyone appreciates HOW LONG this took!  LOL   :)

D

April 17, 2009 11:52 PM
Rainer
42,736
Diane Donnelly
Anne Arundel County, MD Real Estate
Keller Williams Flagship

Dont forget the all important GCI - Gross Commission Income!  Never to be forgotten!  Great list and I appreciate it as an AR newbie!

Diane

April 18, 2009 04:20 AM
Ambassador
42,041
Darin Osenberg
Funky Quail Vintage

Thanks Diane for the info and comment!

Consider it added!  :)

Thanks & WELCOME!

D

April 18, 2009 02:51 PM
Rainmaker
199,263
Shannon Lefevre
Shannon Lefevre, PA Your Naples Smart Girl
John R. Wood Properties

I didn't see OMG on there but there were quite a few that made my head spin! :)

May 04, 2009 08:24 PM
Ambassador
42,041
Darin Osenberg
Funky Quail Vintage

Hey there Shannon!

I have been following you for some time actually, and wish I was licensed in Florida to do business, as you are the type of REALTOR i would love to work with!  I have a VERY GOOD friend of mine here on AR that runs a Mortgage Company there, and it would be great if the two of you got together!  You should blog MORE about sujbects, rather than just listing stuff!  You have a great website, and some great things to say!

Officially, I am adding OMG to the list!  I was TRYING to keep it professional language, but it appears OMG has MERGED right into the english language! 
:)

Thanks for Commenting...I appreciate it!

Darin

May 05, 2009 10:08 AM
Anonymous
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Darin Osenberg

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Additional Information

Blogging important and factual information, enabling the general public and Realestate professionals lto stay informed on market happenings!