- Low Doc Mortgage (LDM) — Acronym,
- Low Document Transfer (LDT) — Acronym, Very Important,
- Macquarie Financial (MFL) — Company, British Columbia, Alberta, Manitoba, Ontario, and Quebec Canada,
➥ A Canadian NHA approved mortgage lender that offers mortgages for 1-4 multi-family units.
- Manufacturers Life Insurance (MLI) — Company Est. 1887, Canada-wide, Important,
➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Manulife Bank of Canada — Company, Canada-wide,
➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Manulife Trust Company — Company, Canada-wide,
➥ A Canadian NHA approved mortgage lender that offers mortgages for 1-4 multi-family units.
- Marketing Spending Account (MSA) — Acronym, Important,
➥ Broker compensation / loyalty program offered by MCAP.
- MCAP Bucks (MBUCKS) — Acronym, Important,
➥ Broker compensation / loyalty program offered by MCAP.
- MCAP Financial Corporation — Company, Canada-wide,
➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- MCAP Service Corporation — Company, Canada-wide,
➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- Minimum Credit Score (MCS) — Acronym,
➥ Minimum credit score to borrower to qualify.
- Montrose Mortgage Corporation Ltd. (MMCL) — Company, Canada-wide excluding Quebec,
➥ A Canadian NHA approved mortgage lender that offers mortgages for 5 or more multi-family units.
- Mortgage Fulfillment Specialist (MFS) — Acronym, Very Important,
- Personnel used by mortgage lenders to process client (mortgage broker) applications.
➥ More commonly referred to as Mortgage Underwriters.
- Mortgage Insurance Partner (MIP) — Acronym,
- Mortgage Interest Rate Differential (MIRD) — Acronym,
- Mortgage Lender (ML) — Acronym, Very Important,
- A lender that offers mortgages, often through a mortgage broker.
➥ Used internally by mortgage brokers and mortgage lenders.
- Mortgage Rate Sheet (MRS) — Acronym,
- Most Valuable Partner (MVP) — Acronym, Important,
➥ Broker loyalty program offered by National Bank of Canada (NBC).
- Multiple Retirement Services (MRS) — Acronym, Canada,
➥ M.R.S. Trust and MRS Companies have been acquired by Laurentian Bank of Canada.
- Murray & Company Holdings — Company, Ontario and British Columbia, Canada,
➥ A Canadian NHA approved mortgage lender that offers mortgages for 5 or more multi-family units.
- National Bank of Canada (NBC) — Company, Canada-wide, Important,
➥ A Canadian NHA approved mortgage lender that offers all lending types and reverse mortgage home income plans.
- National Life Assurance Company of Canada — Company, Canada-wide,
➥ Acquired by Industrial Alliance in 1988. A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- New Business Only (NBO) — Acronym,
- Non-Income Qualified (NIQ) — Acronym,
- Non-Owner Occupied (NOO) — Acronym,
- Non-Recurring Closing Costs (NRCC) — Acronym,
- One-time fees paid at a real-estate settlement, including origination, appraisal, points, title insurance and credit report.
➥ Non-recurring fees at closing are those that are paid once such as a property inspection or property appraisal fees. Recurring fees are those that are paid again and again such as property taxes, condo fees and property insurance.
- Notice of Assessment (NOA) — Acronym, Canada, Important,
- A form the federal government issues when personal taxes are complete. A notice of assessment shows a breakdown of the given years income along with the balance owing or refund.
➥ Canada Revenue Agency's T451 tax form.
- OMERS Administration Corporation (OAC) — Company Est. 1962, Ontario, Canada,
➥ A Canadian NHA approved mortgage lender that offers mortgages for 5 or more multi-family units.
- One Unit Owner-occupied (OUO) — Acronym,
- Ontario Infrastructure and Lands Corporation (OILC) — Company, Ontario, Canada,
➥ A Canadian NHA approved mortgage lender that offers mortgages for 5 or more multi-family units.
