Servicing Guide

Published September 18, 2018

F-4-02: Acronyms and Abbreviations (06/13/2018)

This topic contains definitions of acronyms and abbreviations used throughout this Guide and Servicing Guide Procedures.

Acronyms and Abbreviations

The table below provides a list of acronyms and abbreviations defined by Fannie Mae and used in this Servicing Guide.

Acronym or Abbreviation Definition
2MP

Second Lien Modification Program

ACH

Automated Clearing House

AMN

Asset Management Network

APS

Automated Property Service™

ARM

Adjustable Rate Mortgage

ASAP Plus

As Soon As Pooled Plus

AVM

Automated Valuation Model

BPO

broker price opinion

BNY

Bank of New York

BRP

Borrower Response Package

BSA

Bank Secrecy Act

CDIA

Consumer Data Industry Association

CLTV

combined loan-to-value

Condo

condominium

Co-op

cooperative share loan

CPU

Central Processing Unit

CRS

Cash Remittance System

DDC

designated document custodian

DEA

Drug Enforcement Agency

DLA

Dislocation Allowance

DO

Fannie Mae’s Desktop Originator®

DOJ

U. S. Department of Justice

DPO

Deferred Payment Obligation

DU

Fannie Mae’s Desktop Underwriter

ECF

Electronic Case Files

EDI

electronic data interchange

ESIGN

Electronic Signatures in Global and National Commerce Act

FAIR

Fair Access to Insurance Requirements

FBI

Federal Bureau of Investigation

FDCPA

Fair Debt Collection Practices Act

FDIC

Federal Deposit Insurance Corporation

FEMA

Federal Emergency Management Agency

FHA

Federal Housing Administration

FHFA

Federal Housing Finance Agency

FICO

Fair, Isaac, and Company

FIN

financial institution number

GAAP

generally accepted accounting principles

GEM

growing-equity mortgage

GSE

government-sponsored enterprise

HAMP

Home Affordable Modification Program

HAP

Homeowners’ Assistance Program

HECM

Home Equity Conversion Mortgage

HELOC

Home Equity Line of Credit

HERA

Housing and Economic Recovery Act of 2008

HFA

Housing Finance Agency

HHF

Hardest Hit Funds program

HOA

homeowner’s association

HOPE

Home Owners Preserving Equity™

HSA

HomeSaver Advance

HUD

U.S. Department of Housing and Urban Development

IDC

International Data Corporation

IRS

Internal Revenue Service

ISO

International Office for Standardization

IVES

IRS Income Verification Express Service

Kroll

Kroll Bond Rating Agency, Inc.

LAR

Loan Activity Record

LMV

Loss Mitigation Valuations

LPI

last paid installment

LPOA

Limited Power of Attorney

LQC

Loan Quality Center

LTV

Loan to Value

MBS

mortgage-backed security

MERS

Mortgage Electronic Registration System, Inc.

MGIC

Mortgage Guaranty Insurance Corporation

MHA

Making Home Affordable

MI

mortgage insurance

MIN

membership identification number

MIP

mortgage insurance premium

MNR

minimum net required

MLS

Multiple Listing Service

MRS

Mortgage Related Securities

MSSC

Mortgage Selling and Servicing Contract

MTMLTV

mark-to-market loan-to-value

NCUA

National Credit Union Administration

NCUSIF

National Credit Union Share Insurance Fund

NFIP

National Flood Insurance Plan

NIST

National Institute for Standards and Technology

NMI

National Mortgage Insurance

NPI

non-public personal information

NPV

net present value

OCC

Office of the Controller of the Currency

OFAC

Office of Foreign Assets Control

P&I

principal and interest

PACER

Public Access to Court Electronic Records

PCS

Permanent Change of Station

PFP

Pooled from Portfolio

PII

personally identifiable information

PITI

principal, interest, taxes, and insurance

PITIA

principal, interest, taxes, insurance, and association dues

PMI

Private Mortgage Insurance

PMMS

Primary Mortgage Market Survey

PTR

pass-through rate

PUD

planned unit development

QAS

Quality Assurance System

QC

quality control

QRPC

quality right party contact

RD

U.S. Department of Agriculture, Rural Development

RDC

Requirements for Document Custodians

REO

real estate owned

RESPA

Real Estate Settlement Procedures Act

RMIC

Republic Mortgage Insurance Company

RPM

Rapid Payment Method

SCRA

Servicemembers Civil Relief Act

SF CPM

Fannie Mae’s Single-Family Credit Portfolio Management

SFHA

Special Flood Hazard Area

SMBS

Stripped mortgage-backed securities

STAR

Servicer Total Achievement & Rewards

SURF

Servicer’s Reconciliation Facility

T&I

taxes and insurance

TILA

Truth in Lending Act

UCA

Uniform Condominium Act

UCC

Uniform Commercial Code

UCIOA

Uniform Common Interest Ownership Act

UETA

Uniform Electronic Transactions Act

UPB

unpaid principal balance

USPAP

Uniform Standards of Professional Appraisal Practice

UST

US Territories

VA

U.S. Department of Veterans Affairs

VIN

Vehicle Identification Number

VMS Valuation Management System