Term Type Descriptions
Terms are used to add context to terms included in the MISMO Business Glossary. Every term in the Glossary is assigned one and only one Term Type.
| Term Type | Description |
| Actor | Represents an individual, entity, or a collection of individuals or entities. They are often associated with a particular role in the mortgage process.
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| Data | Represents data points as documented in Version 3.5 of the MISMO Logical Data Dictionary (LDD). It also includes items from a third party source (e.g., amounts, dates, calculations, rates, and numbers).
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| Document | A formally named grouping of information (e.g., Uniform Residential Loan Application).
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| Event | Thing that happens, especially one that is of importance (e.g., an act of God; accident; accretion). It occurs at a particular date or time period. |
| Other | A category for terms that do not fall into one of the other defined category types.
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| Process | Represents an action, or actions, to be taken (e.g., Take Loan Application; Underwrite Loan; Close Loan; Origination; etc.). A process tends to occur over time.
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Access the MISMO Business Glossary