Google
 
LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

Click on the first letter of the term you wish to find.
[ Lookup | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ]

Mortgage Score

A mortgage score is NOT the same as a FICO or Credit Score. A Mortgage Score is a custom scoring model designed to predict the risk of delinquency for a mortgage loan. In addition to the contents of the credit report, a mortgage score incorporates information from the Uniform Residential Loan Application (URLA) and information about the terms of the mortgage.

The URLA does not currently capture FICO or Mortgage Score information for a borrower; however, the MISMO specification for the mortgage loan application provides the following enumerations for the electronic transmission or mortgage score type and values between systems:
  • FraudFilterScore
  • GE_IQScore
  • Other
  • PMIAuraAQIScore
  • UGIAccuscore


See MISMO
See Uniform Residential Loan Application (URLA)
Suggest A Term

Return to top

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.