Glossary

What is NMLS?

DefinitionThe Nationwide Multistate Licensing System, which licenses mortgage companies and loan originators. Anyone can verify a license on NMLS Consumer Access.

Related terms

1031 Exchange
Amortization
Appraisal
APR (Annual Percentage Rate)
ARM (Adjustable-Rate Mortgage)
ARV (After-Repair Value)
Asset Depletion
Assumable Mortgage
Balloon Payment
Bank Statement Loan
Blanket Loan
BRRRR
Cap Rate
Cash to Close

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