| Attribute/Logical Rolename |
Domain |
Datatype |
NULL |
Definition |
| BorrowerReservesMonthlyPaymentCount |
MISMOCount |
INTEGER |
NO |
The number of loan payments that are available to the borrower from verified financial reserves after closing. CALCULATED RESULTS FIELD |
| HousingExpenseRatioPercent |
MISMOPercent |
DECIMAL(0, 2) |
NO |
The ratio of the proposed housing expenses to the qualifying income of the borrowers as per lender or investor guidelines. AKA Front End Ratio. CALCULATED RESULT FIELD |
| ProjectedReservesAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
Based on investor guidelines, the projected dollar amount of remaining liquid assets after settlement. CALCULATED RESULTS FIELD. |
| QualifyingPaymentAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
The PITI used to qualify the borrower for a loan, calculated using the investor or regulator specified interest rate that is higher than the initial rate. |
| QualifyingRatePercent |
MISMOPercent |
DECIMAL(0, 2) |
NO |
The rate used to calculate the borrowers payment (PITI) to qualify the borrower for the subject mortgage. |
| QualifyingRateType |
QualifyingRateEnum |
VARCHAR(0) |
YES |
Indicates what interest rate was used to qualify the borrower in correlation with the note rate.
|
| QualifyingRateTypeOtherDescription |
MISMOString |
VARCHAR(0) |
NO |
A free-form text field used to capture the Qualifying Rate type if Other is selected. |
| SummaryInterestedPartyContributionsPercent |
MISMOPercent |
DECIMAL(0, 2) |
NO |
Percentage of the loan amount contributed by all interested parties. This may be captured on the Uniform Underwriting Transmittal Summary (1008/1077). CALCULATED RESULTS and FORM SPECIFIC |
| TotalDebtExpenseRatioPercent |
MISMOPercent |
DECIMAL(0, 2) |
NO |
The ratio of all debt payments of the borrowers, including proposed housing expenses, to the qualifying income of the borrowers. AKA Back End Ratio. CALCULATED RESULT FIELD |
| TotalLiabilitiesMonthlyPaymentAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
The total monthly liabilities for all borrowers on the loan. CALCULATED RESULTS FIELD. |
| TotalMonthlyCurrentHousingExpenseAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
The total monthly current housing expense for all borrowers on the loan. CALCULATED RESULTS FIELD. |
| TotalMonthlyIncomeAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
The total monthly income for all borrowers on the loan. CALCULATED RESULTS FIELD. |
| TotalMonthlyProposedHousingExpenseAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
The total monthly proposed housing expense for all borrowers on the loan. CALCULATED RESULTS FIELD. |
| TotalVerifiedReservesAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
The actual dollar amount of remaining verified liquid assets after settlement. CALCULATED RESULTS FIELD |
| VerifiedAssetsTotalAmount |
MISMOAmount |
DECIMAL(0, 2) |
NO |
The total amount of all assets of the borrowers that have been verified by the lender. This may be used on the Uniform Underwritting Transmittal Summary. Calculated results field. |