Point User Guide
489
county code
A three-digit numerical code that is based upon the Federal Information Processing
Standard (FIPS).
CRV (certificate of reasonable value)
An appraisal done by the Veterans Administration that lists a property's present market
value.
date of determination
The date on which a Flood Hazard Determination was reached.
delimiter
In Point, a character that is used to separate one data set from another. In comma-
delimited records, a comma is used to separate each data field.
DO
Desktop Originator from Fannie Mae.
DU
Desktop Underwriter from Fannie Mae.
ECOA (Equal Credit Opportunity Act)
(Also known as Regulation B) A federal law requiring creditors to make credit equally
available without discrimination based on race, color, religion, national origin, age, sex,
marital status or receipt of income from public assistance programs.
EDI (Electronic Data Interchange)
Doing business/carrying out transactions electronically instead of on paper (placing
orders with suppliers and carrying out financial transactions such as “paperless trading.”)
Point has EDI capabilities.
Escrow Account
The segregated trust account in which escrow funds are held.
fair market value
The price a buyer is willing to pay and for which a seller is willing to sell a property if no
extenuating circumstances related to the sale exist.
FARM (Focus Area of Real Estate Marketing) Lists
Lists that mortgage brokers sometimes use to import new prospect files.
FHA (Federal Housing Administration)
The US government insures loans (the VA guarantees loans) against default, therefore
requiring a small down payment (usually 5% minimum).