Terms with Tag Loan

  • Home Loan Consultant (HLC)Acronym, United States,
      A US mortgage term.
    • Home Loan Servicing (HLS)Acronym,
      • Home Loans Canada (HLC) Company, Toronto, Ontario, Canada,
          Subsidiary of CIBC mortgage Inc.
        • I Owe You (IOU)Acronym,
            Informal document stating that you owe something to someone.
          • Initial Borrower Interest Rate (IBIR)Acronym,
            • Interest Rate Differential (IRD) Acronym, Very Important,
              • The penalty one pays for breaking a mortgage.
            • Interest Rate Reduction Refinance Loan (IRRRL)Acronym, United States,
                A US mortgage term.
              • International Bank of Business and Credit (IBBC)Acronym,
                • International Interlibrary Loan Service (IILS)Acronym,
                  • Irredeemable Convertible Unsecured Loan Stocks (ICULS)Acronym,
                    • Line of Credit (LOC) Acronym,
                      • A commitment by a financial institution to lend up to a specified maximum amount to a customer during a specified period of time.
                    • Loan / Purchase / Qualification (LPQ)Acronym, Important,
                        CanEquity Mortgage term.
                      • Loan Accounting and Processing System (LAPS)Acronym,
                        • Loan Impairment Charge (LIC)Acronym,
                          • Loan Loss Reserve (LLR)Acronym, Canada,
                            • Loan Management Account (LMA)Acronym, United States,
                                Demand line of credit offered by Bank of America.
                              • Loan Operating System (LOS)Acronym,
                                • Loan Origination Fee (LOF)Acronym,
                                  • Loan Origination Record (LOR)Acronym,
                                    • Loan Origination System (LOS)Acronym, Important,
                                      • An Internet portal, software program or mobile application that incorporates a secure online mortgage application (form) used to capture information needed in order for a mortgage brokerage or lender to be able to track, pre-approve and eventually fund a loan request.
                                    • Loan-to-Value (LTV) Acronym, Very Important,
                                      • The ratio of the principal amount of the loan to the lesser of the purchase price of the property or the property's appraised value. This can be expressed as an 80% loan, or 80% LTV.
                                      A widely used term in the mortgage brokerage and lending industry, especially by mortgage underwriters.
                                    • Long-Term Loan (LTL)Acronym,
                                      • Low Interest Loan Assistance (LILA)Acronym, British Columbia, Canada,
                                          Offered by the British Columbia Development Corporation (BCDC).
                                        • Master Promissory Note (MPN)Acronym,
                                          • Medium-Term Loan (MTL)Acronym,
                                            • Montreal Community Loan Association (MCLA)Company, Montreal, Quebec, Canada,
                                              • Mortgage Interest Rate Differential (MIRD)Acronym,
                                                • Mortgage Loan Origination Agreement (MLOA)Acronym,
                                                  • National Student Loans Service Centre (NSLSC) Company, Canada,
                                                    • No Payment, Deferred Interest (NPDI)Acronym,
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