EDI 833 Residential Mortgage Credit Report Order

Functional Group ML

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Credit Report Order Transaction Set (833) for use within an Electronic Data Interchange (EDI) environment. This transaction set can be used by a mortgage originator to request, track, and cancel a series of value-added, investigative credit reports which are typically required in mortgage lending. It is a collection of borrower information exceeding that needed to order a basic consumer credit report but which is required to complete a residential mortgage credit report.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set.

  3. N1 Loop Optional
    Repeat 100
    1. To identify a party by type of organization, name and code

      The N1 segment identifies name, address and contact of requestor, vendor, default billing, etc.
    2. To specify additional names or those longer than 35 characters in length

    3. To specify identifying numbers.

    4. To identify a person or office to whom administrative communications should be directed

    5. N4 Loop Optional
      Repeat 5
      1. To specify the geographic place of the named party

      2. To specify the location of the named party

Detail

Position
Segment
Name
Max use
  1. CRO Loop Mandatory
    Repeat 200
    1. To provide attributes of the credit report

    2. To specify identifying numbers.

      The REF segment identifies Order Number, Loan Number, etc.
    3. To identify a person or office to whom administrative communications should be directed

      The PER segment is requesting individual contact.
    4. To transmit information in a free-form format, if necessary, for comment or special instruction

      The K2 segment gives special instructions for credit report.
    5. To provide high level information about a loan

      The LN1 segment contains the details of the loan including principal balance, interest rate, payment amounts, etc.
    6. N1 Loop Optional
      Repeat 20
      1. To identify a party by type of organization, name and code

        The N1 loop identifies repository names, Bill To, Send To names, addresses and contacts.
      2. To specify additional names or those longer than 35 characters in length

      3. To specify the location of the named party

      4. To specify the geographic place of the named party

      5. To specify identifying numbers.

      6. To identify a person or office to whom administrative communications should be directed

      7. To identify the type and transmission of paperwork or supporting information

    7. NX1 Loop Optional
      Repeat 20
      1. To define the attributes of a property or an entity

        The NX1 loop is the property address for subject loan.
      2. To define types and values for geographic location of real estate property

    8. LX Loop Mandatory
      Repeat 2
      1. To reference a line number in a transaction set.

        The LX loop is the loop reference for individual credit subject.
      2. To specify identifying numbers.

        The REF segment is other identifying numbers for individuals.
      3. To identify a person or office to whom administrative communications should be directed

        The PER segment identifies communications numbers for individuals.
      4. To provide type and amount of income obtained

      5. To provide details of personal property

      6. To name the income pursuant to a civil action (Judgement, Child Support, etc.)

      7. To provide law suit, outstanding judgement, tax lien or foreclosure status

        The CIV segment is the civil action liability item(s).
      8. REA Loop Optional
        Repeat 20
        1. To provide a description of real estate or general property information

          The REA loop gives the details of real estate asset owned by individual.
        2. Defines nature of participation in financial account

        3. To provide type and amount of income obtained

        4. To define the attributes of a property or an entity

        5. To define types and values for geographic location of real estate property

      9. IN1 Loop Mandatory
        Repeat 30
        1. To provide identification of an individual or entity

          The IN1 loop identifies credit subject names, alias, dependents name and demographic data.
        2. To sequence individual name components for maximum specificity

        3. To supply demographic information

        4. To indicate line item quantity, description, marks and numbers, commodity code, weight and customs value

      10. NX1 Loop Mandatory
        Repeat 10
        1. To define the attributes of a property or an entity

          The NX1 loop is the residence type, address and history.
        2. To define types and values for geographic location of real estate property

        3. To specify any or all of a date, a time, or a time period

        4. To provide type of residency

      11. N1 Loop Optional
        Repeat 500
        1. To identify a party by type of organization, name and code

          The N1 loop identifies names, addresses and contacts of personal references.
        2. To specify additional names or those longer than 35 characters in length

        3. To specify the location of the named party

        4. To specify the geographic place of the named party

        5. To specify identifying numbers.

        6. To identify a person or office to whom administrative communications should be directed

        7. EMP Loop Optional
          Repeat 20
          1. To provide employment specifics

            The EMP loop provides current and previous employment information
          2. To specify any or all of a date, a time, or a time period

          3. EMS Loop Optional
            Repeat 10
            1. To describe employment position

            2. To specify any or all of a date, a time, or a time period

            3. To provide type and amount of income obtained

        8. FAA Loop Optional
          Repeat 100
          1. To provide duration or amount of financial assets

            The FAA loop provides financial asset information.
          2. To specify any or all of a date, a time, or a time period

          3. To provide type and amount of income obtained

          4. IN1 Loop Optional
            Repeat 10
            1. To provide identification of an individual or entity

              The IN1 loop identifies co-owners of asset accounts.
            2. To sequence individual name components for maximum specificity

            3. Defines nature of participation in financial account

        9. CDA Loop Optional
          Repeat 100
          1. To provide duration or amount of consumer credit account

            The CDA loop provides consumer credit account information.
          2. To specify any or all of a date, a time, or a time period

          3. To provide housing expense information

          4. IN1 Loop Optional
            Repeat 10
            1. To provide identification of an individual or entity

              The IN1 loop identifies other obligations.
            2. To sequence individual name components for maximum specificity

            3. Defines nature of participation in financial account

  2. To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments).

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