Transcription of Escrow Acronyms
1 Escrow AcronymsAs with many industries, in the " Escrow World" we have wordshortcuts and abbreviations. This handout is an attempt to giveyou some of the most common Acronyms in the industry as always we can't include every one. So don't hesitate tocall your LICENSED, INDEPENDENT, Escrow Provider and theywill be glad to guide you through the word Acronyms 1003 Loan application4C Acceleration clause; alienation clause; due-an-sale clauseABAA merican Bar AssociationABI Assignment of beneficial interestAEA American Escrow AssociationAITDAll inclusive trust deedALTA American Land Title AssociationAPNA ssessors parcel numberAPRA nnual percentage rateARM Adjustable rate mortgageBBuyerBKBankruptcyBSSBulk sales specialistCalfirptaCalifornia Real Estate Withholding GuidelinesCAMBC alifornia Association of Mortgage BrokersC/C Certified copyC&ICommercial & industrialCAR California Association of RealtorsCC&Rs
2 Conditions, covenants, and restrictionsCDAC ommission disbursement authorizationCEA California Escrow AssociationCEIC ertified Escrow InstructorCEOC ertified Escrow OfficerCLTA California Land Title AssociationCOEC lose of escrowCP Community PropertyCPA Certified public accountCRVC ertificate of reasonable valueCSEO Certified Senior Escrow OfficerDOC Department of CorporationsDOI Department of InsuranceDRE Department of Real EstateDTT Documentary transfer taxEDDE mployee Development DepartmentEI
3 Escrow instructionsEICE scrow Institute of CaliforniaEnjoaElectronic Notary Journal of Official ActsEO Escrow officerEOI Evidence of insuranceeSignElectronic Signatures in Global and National Commerce ActFAQF requently asked questionsF/CFree and clearFDICF ederal Deposit Insurance CorporationFEAF ederation of Exchange AccommodatorsFHA Federal Housing AdministrationFHLMCF ederal Home Loan Mortgage CorporationFIRPTAF oreign Investment Real Property Tax ActFNMAF ederal National Mortgage AssociationFSBO For sale by ownerGD Grant deedGIGeneral indexGP General partnerHCDH ousing Community DevelopmentHOAH omeowners associationHWHomeowners warrantyHPP Home protection plan HUD Dept.
4 Of Housing and Urban DevelopmentHWCPROS Husband and wife as community property with right of survivorshipHWJT Husband and wife as joint tenantsIBAI nterest bearing accountIRSI nternal Revenue ServiceJT Joint tenantsL&V Legal and vestingLC Late chargeLLC Limited liability company or corporationLP Limited partnerLRT Lender, rate and termLTV Loan to valueMBA Mortgage Banker's AssociationMERSM ortgage Electronic Registration SystemProvided courtesy of Beach Pacific Escrow , home specialistMISMO Mortgage Industry Standards Maintenance OrganizationMIPM ortgage insurance premiumMLSM ultiple Listing ServiceMMA Money market accountMMIM onthly mortgage insuranceNACRCN ational Association of County Recorders and ClerksNAR National Association of RealtorsNNAN ational Notary AssociationNOD Notice of defaultNOP Not our party.
5 Or Not our propertyOOT Out of townPCOR Preliminary Change of Ownership ReportPDProfessional designationPDFP ortable document formatPITI Principal, interest, taxes and insurancePIQ Property in questionPMIP rivate mortgage insuranceP/O Payoff POAP ower of attorneyPOC Paid outside of closingPR Preliminary reportPRIAP roperty Records Industry AssociationPUD Planned unit developmentQC Quitclaim deedR&RRevenue & recoveryREITReal Estate Investment TrustRESPA Real Estate Settlement Procedures ActSSeller S&LSavings & loanSASelling agent or seller s agentSDCEASan Diego County Escrow AssociationSI
6 Statement of identityTCTenants in commonTD Trust deedTILAT ruth In Lending ActTO Title officer Ttee TrusteeUCCU niform Commercial CodeUETAU niform Electronic Transaction ActVA Veterans AdministrationVODV erification of depositVOEV erification of employmentWOPWith other propertyXEscrowXEI Exchange Escrow instructionsYSP Yield spread premiumOur company is a member of The Escrow Institute of Institute of California member companies areexperienced, knowledgeable professionals with acommitment to provide honest, quality Escrow services fora fair price.
7 The symbol is assurance that the Escrow companyis independent and licensed under strict guidelines set bythe State of protect theconsumers funds by providing fidelity bonding of trustaccounts. Independent Escrow Companies are 100%neutral and specialists whose sole business is Escrow . The offers its members an ongoing program of meetings, seminars and direct mailings about topics of importance to the Escrow industry,making our members among the most knowledgeable inthe business. For information about the Escrow process callor visit our Institute of CaliforniaP.
8 O. Box 1069 Carlsbad, California 92018-1069(800) 3- Escrow (760) 633-4342 Fax (760) by the Escrow Institute of California. All rights reserved. 2007 Escrow Acronyms , page 2