Acronyms

ARV = After Repair Value

AFSF = Above Ground Finished Square Feet

Atty = Attorney

BPO = Broker Price Opinion

BKR = Broker

BNK = Bank

BRW = Borrower

CLTC = Combined Loan to Value

CMA = Current Market Value (use as BPO)

Comp = Comparable Sale

CR = County Road

DSCR = Debt Service Coverage Ratio

EIN = Employer Identification Number (Business version of an SSN)

E&O = Errors and Omissions Insurance

EOI = Evidence of Insurance

EOM = End of Month

EOY = End of Year

I/O = Interest Only

Int = Interest

ISAOA = It’s Successors and/or Assigns

JMT = Judgement

LTV = Loan to Value

L/F = Late Fee

L/O = Loan Officer

MTG = Mortgage

MSG = Message

NMLS = Nationwide Multistate Licensing System

Orig = Origination

O&E = Ownership and Encumbrances (title check to see who owns and who’s owed)

POA = Power of Attorney (ask title if needed, we have a template if they don’t provide one)

PA = Purchase Agreement (Sales Contract)

PFS = Personal Financial Statement

PP = Purchase Price

PPA = Partial Payment Arrangement (Monthly stream of payments)

P/O = Payoff

Pts = Points

OPM = Other Peoples Money

SFR = Single Family Residence

SOW = Scope of Work

SQ FT = Square Feet

SPO = Spouse

SS = Short Sale

SSA = Short Sale Agreement

TIN = Tax ID Number (could be an EIN, SSN Or an ID# for a legal or illegal immigrant to file their taxes)

TFSF = Total Finished Square Feet

TSF = Total Square Feet

VOM = Verification of Mortgage

VOE = Verification of Employment

WS = Wholesale