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Mortgage insiders love dropping jargon whenever possible. Test your knowledge of these key abbreviations from the servicing sector of the mortgage industry.

Take a look at the category and clue when making your guess before flipping to the next slide to see the answer.

Check out the first edition and part two our mortgage abbreviation slideshows here.
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REO

Not the name of a long-defunct truck manufacturer, but what a bank has on its books after it buys a property out of foreclosure.
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REO

Real Estate Owned
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ADS

The system used to process principal and interest payments for loans in Fannie Mae mortgage-backed securities pools.
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ADS

Automated Drafting System
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WAC

Servicing rights buyers look at this measure to help gauge the likelihood of the underlying loans refinancing.
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WAC

Weighted Average Coupon
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UPB

The amount the borrower owes on the loan, minus the interest, taxes and insurance payments.
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UPB

Unpaid Principal Balance
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FDCPA

This law lists abusive and deceptive actions that are prohibited when trying to collect a debt.
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FDCPA

Fair Debt Collections Practices Act
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QRPC

The standard servicers are to use when communicating with a borrower about resolving a delinquent loan.
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QRPC

Quality Right Party Contact
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MTMLTV

This rather long acronym is a calculation dividing the gross UPB (including any forbearance from a previous modification) by the current property value.
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MTMLTV

Mark-to-Market Loan-to-Value
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CPR

This measure is used by servicers and securitizers to estimate how many loans in their portfolio will pay off in any given time period.
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CPR

Conditional Prepayment Rate
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BPO

After a property goes into default, the servicer needs to report to the investor how much it is worth by using this valuation product.
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BPO

Broker Price Opinion
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IDI

A tool created by Freddie Mac that lets servicers determine if the borrower about to stop making payments on their loan so they can be offered a modification.
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IDI

Imminent Default Indicator
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