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

Mortgage and Lending with Funky Quail Vintage




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


 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!


One Source Mortgage, LLC




SarahGray Lamm
Allen Tate Realtors Chapel Hill, NC 919-819-8199 - Chapel Hill, NC
Realtor - 100K Hours of NC Real Estate Experience

I think you forgot the ubiquitous LOL and ROTFLMAO so frequently seen in comments! Those most certainly are real estate terms if for no other reason than you can find them on every post!

Apr 17, 2009 09:37 AM
Darin Osenberg
Funky Quail Vintage - Nashville, TN

Thanks Sarah!

I added ONE of them for you!   I actually had put this only in as a draft, and you beat me to the punch! :)

Thanks for commenting!


Apr 17, 2009 09:49 AM
Diane Daley
Caron's Gateway Real Estate - Northumberland, NH

Love the list so many to choose from and many more that can be added like GRI.

Apr 17, 2009 10:04 AM
Darin Osenberg
Funky Quail Vintage - Nashville, TN

Thanks Diane!

I already made the change!  Glad you like the list!

Cut & paste & put into word!!!



Apr 17, 2009 10:15 AM
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

This is what is wrong with this business..... Too many TLAs

Apr 17, 2009 11:17 AM
Ken Cook
Content, coding, marketing, host. - Marietta, GA
Content Marketer/Creator

Very good Darin! I did not see VOE, VOR, VOD, AGI or UFMIP but maybe they are in there. Great list.

Apr 17, 2009 01:17 PM
Darin Osenberg
Funky Quail Vintage - Nashville, TN

Tom B -  I agree...TMI


Ken - Got em and added em!  Thanks pal!

Hope everyone appreciates HOW LONG this took!  LOL   :)


Apr 17, 2009 04:52 PM
Diane Donnelly
Keller Williams Flagship - Annapolis, MD
Anne Arundel County, MD Real Estate

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


Apr 17, 2009 09:20 PM
Darin Osenberg
Funky Quail Vintage - Nashville, TN

Thanks Diane for the info and comment!

Consider it added!  :)

Thanks & WELCOME!


Apr 18, 2009 07:51 AM
Shannon Lefevre
John R. Wood Properties - Naples, FL
Shannon Lefevre, PA Your Naples Smart Girl

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

May 04, 2009 01:24 PM
Darin Osenberg
Funky Quail Vintage - Nashville, TN

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!


May 05, 2009 03:08 AM