Acronyms
A Helpful Guide to Title Industry
Do you feel like you are drowning in alphabet soup? Acronyms have become
common-place in the title insurance industry. In fact, acronyms have come so far
that there are acronyms of acronyms! One of the newest is TRID, an acronym for
TILA-RESPA Integrated Disclosure Rule. Some acronyms are part of an industry
group or association, such as ALTA, NAHB, DOI, or DFR; sometimes an acronym
may describe certain standards.
There are so many acronyms that it can be confusing and certainly overwhelming.
The table below contains some of the industry’s most commonly used acronyms
and their meanings.
1031
1031 Exchange
ABA
American Bankers Association or American Bar Association
ALTA
American Land Title Association
APN
Assessor's Parcel Number
APR
Annual Percentage Rate
ARM
Adjustable Rate Mortgage
BPO
Broker Price Opinion or Business Process Outsourcing
BPOSG
BPO Standards and Guidelines
CBA
Consumer Banker Association
CC&Rs
Covenants, Conditions and Restrictions
CCC
Closing Cost Calculator
CFPB
Consumer Financial Protection Bureau
CLE
Continuing Legal Education
CLI
Certified Legal Intern
CLTV
Combined Loan to Value
CPL
Closing Protection Letter
DFR
Department of Federal Regulation
DFS
Department of Financial Services
DIL
Deed In Lieu
DOI
Department of Insurance
110 Title, LLC
Kimala DeSena
Public Relations Director
221 St. Ann Drive, Suite 1
Mandeville, LA 70471
O: 985-674-5044
C: 985-778-6784 | www.110title.com
[email protected]
First American Title Insurance Company makes no express or implied warranty respecting the information presented and
assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com
are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.
AMD: 01/2016
AN INDEPENDENT POLICY-ISSUING AGENT OF FIRST AMERICAN TITLE INSURANCE COMPANY
©2016 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF
Acronyms
A Helpful Guide to Title Industry
E&O
Errors and Omissions Insurance
NCS
National Commercial Services
ECOA
Equal Credit Opportunity Act (Regulation B)
NNA
National Notary Association
FACC
First American Comprehensive Calculator
NOD
Notice of Default
FAEC
First American Exchange Company
NOS
Notice of Sale
FAF
First American Financial Corporation stock symbol
NPI
Non-public Personal Information
FCL
Foreclosure
OCC
Office of the Comptroller of the Currency
FDIC
Federal Deposit Insurance Corporation
O&E
Ownership and Encumbrance Report
FHA
Federal Housing Administration
OFAC
Office of Foreign Assets Control
FHFA
Federal Housing Finance Agency
OIR
Office of Insurance Regulation
FHLMC
Federal Home Loan Mortgage Corporation (Freddie Mac)
PID
Positive Identification
FNMA
Federal National Mortgage Association (Fannie Mae)
PMI
Private Mortgage Insurance
FRM
Fixed Rate Mortgage
POA
Power of Attorney
FTC
Federal Trade Commission
POC
Paid Outside of Closing
GLBA
Gramm-Leach-Bliley Act
PTFA
Protecting Tenants at Foreclosure Act
GNMA
Government National Mortgage Association (Ginnie Mae)
REA
Reciprocal Easement Agreement
GSE
Government Sponsored Entity
REIT
Real Estate Investment Trust
HAMP
Home Affordable Modification Program
REO
Real Estate Owned
HARP
Home Affordable Refinance Program
RESPA
Real Estate Settlement Procedures Act
HELOC
Home Equity Line of Credit
ROI
Return on Investment
HMDA
Home Mortgage Disclosure Act
SCRA
Service Members Civil Relief Act
HOA
Home Owners Association
SDN
Specially Designated Nationals
HOEPA
Home Ownership and Equity Protection Act
SNDA
Subordination, Non-Disturbance,
and Attornment Agreement
HUD
Department of Housing and Urban Development
TILA
Truth in Lending Act (Regulation Z)
LOC
Letter of Credit
TRID
TILA-RESPA Integrated Disclosure Rule
LTV
Loan to Value
UCC
Uniform Commercial Code
MBA
Mortgage Bankers Association
UDAP
Unfair and Deceptive Acts and Practices
MBS
Mortgage Backed Securities
UPB
Unpaid Principal Balance
MERS
Mortgage Electronic Registration System
UPL
Unauthorized Practice of Law
MISMO
Mortgage Industry Standards Maintenance Organization
USC
United States Code
MLS
Multiple Listing Service
UTA
United Trustee Association
NAHB
National Association of Home Builders
VA
Department of Veterans Affairs
NAR
National Association of Realtors
First American Title Insurance Company makes no express or implied warranty respecting the information presented and
assumes no responsibility for errors or omissions. First American, the eagle logo, First American Title, and firstam.com
are registered trademarks or trademarks of First American Financial Corporation and/or its affiliates.
AMD: 01/2016
AN INDEPENDENT POLICY-ISSUING AGENT OF FIRST AMERICAN TITLE INSURANCE COMPANY
©2016 First American Financial Corporation and/or its affiliates. All rights reserved. NYSE: FAF