Spank me with ARCRONYMS! The ULTIMATE "add to it" guide to abbreviations for Rainers & Consumers!
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
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
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...
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
TPL - Third Party Liability
TI - Tenant Improvement
TIC - Tenants In Common
TIL - Truth in Lending
TIP - Treasury Investment Program
TLTV - Total Loan to Value
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
One Source Mortgage, LLC
608-592-2227
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