Term
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Definition
In real estate, an estimate of a property’s value as of a given date,
determined by a qualified professional appraiser. |
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Term
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Definition
In mortgage operations, the resolution of delinquent mortgage
loans. |
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Term
| investment accounting information system. |
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Definition
A type of investment management
software that supports the investment accounting functions of general ledger
processing, client reporting, compliance with internal and external control standards,
and generating requests for proposals (RFPs) for new institutional clients. |
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Term
| investment management software. |
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Definition
A type of investment decision support system
that tracks the performance of individual assets, portfolios, and financial markets
through the use of internal and external databases. |
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Term
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Definition
For mortgages, refers to the borrower’s adherence to restrictive
provisions in the mortgage agreement. |
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Term
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Definition
| For mortgages, refers to timely payment of principal and interest. |
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Term
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Definition
An event in which property ownership is transferred by deed, the
purchase price is paid, and a promissory note and mortgage are executed. |
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Term
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Definition
| The process of creating a mortgage loan. |
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Term
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Definition
Collecting payments, keeping records, and sending statements
for mortgages. |
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Term
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Definition
For mortgages, evaluating the credit of the borrower and the
level of risk that each borrower poses to the lender. |
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Term
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Definition
| Loans that fall behind schedule in their payments. |
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Term
| order (trade) management system. |
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Definition
A type of institutional investment management
software that supports the investment trading functions of initiating trades, executing
trades, and recording completed transactions. |
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Term
| portfolio management information system. |
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Definition
A type of institutional investment
management software that supports the portfolio management functions of risk
management, asset-liability management, asset valuation, performance measurement,
performance attribution, and compliance with Global Investment Performance
Standards (GIPS®). |
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