TRADELINE >> Credit items reported on a credit report.

TRUST DEED >> An instrument used in many states in place of a mortgage. Grants an interest in the property as collateral for a loan and, when recorded with the county, creates a lien having priority over later-filed mortgages or trust deeds.

TRUTH-IN-LENDING DISCLOSURE >> This disclosure is required by law under the Federal Truth in Lending Act, which requires a full disclosure of a loan amount, finance charges and APR.

TYPES OF SECURITY INSTRUMENTS >> In a real estate-secured transaction, the borrower and lender enter into a loan agreement that is legally documented or evidenced by a security instrument. This security instrument can be either a mortgage or a deed of trust.

UNDERWRITING >> The analysis of a customer?s credit capacity and the loan?s collateral upon which a risk is given.

UNEMPLOYMENT COMPENSATION AWARD LETTER >> A letter issued to employees who are awarded unemployment benefits when their employment is terminated through no fault of their own. The benefits they receive are called unemployment compensation.

UNIFORM RESIDENTIAL APPRAISAL REPORT (URAR) >> The most common appraisal form in use. The URAR is used to document the methods used to determine the market value of single-family residences and planned unit developments.