Glossary Introduction
Welcome to the Firehorse Glossary, your comprehensive resource for key terms, definitions, and concepts essential for success in the CRE asset surveillance sector. This page is continuously updated to support your business operations and decision-making.
If you can’t find a term or would like us to add new definitions, contact us. The glossary is optimized for clarity, simplicity, and CRE relevance.
ACORD Form
ACORD 25 (Certificate of Liability Insurance)
ACORD 27 (Evidence of Property Insurance)
ACORD 28 (Evidence of Commercial Property Insurance)
Additional Insured
Agency Servicing Requirements
Certificate of Insurance (COI)
Coverage Lapse
CRE Loan Servicing
Deferred Maintenance (DM)
Force-Placed Insurance
Life Safety Issue
Loss Payee
Mortgagee Clause
Property Condition Assessment (PCA)
Repair Verification
Watchlist Property
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