LN1 Loan Specific Data

To provide high level information about a loan

Position: LN1-01 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Mandatory · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

LN101 is the unpaid principal balance of the loan.

Position: LN1-02 · Element: 1101 · Name: Lien Priority Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

Code identifying the rights and relationship of a loan to any other loan secured by the same property.

LN102 describes the lien priority for this loan.

Position: LN1-03 · Element: 1093 · Name: Real Estate Loan Type Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

Code identifying the loan product category.

LN103 defines the real estate loan type.

Position: LN1-04 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

LN104 is the initial or original principal balance.

Position: LN1-05 · Element: 954 · Name: Percent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Percentage expressed as a decimal

LN105 is the current loan note rate.

Position: LN1-06 · Element: 954 · Name: Percent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Percentage expressed as a decimal

LN106 defines the loan to value ratio.

Position: LN1-07 · Element: 122 · Name: Rate/Value Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: -

Code qualifying how to extend charges or interpret value.

P0708: If either LN1-07 or LN1-08 is present, then the other is required

LN107 is the period type for payment frequency.

Position: LN1-08 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

LN108 is the current periodic principal and interest payment.

Position: LN1-09 · Element: 1076 · Name: Real Estate Loan Security Instrument Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating type of security instrument.

LN109 defines the security instrument such as mortgage or deed.

Position: LN1-10 · Element: 1103 · Name: Loan Documentation Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating whether loan underwriting is supported by full or reduced documents.

LN110 defines underwriting documentation requirements.

Position: LN1-11 · Element: 1086 · Name: Loan Rate Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating the characteristics of the loan rate.

LN111 defines the interest rate characteristics for the loan.

Position: LN1-12 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating a Yes or No condition or response.

LN112 defines whether loan is assumable. A "Y" indicates it is. A "N" indicates it is not.

Position: LN1-13 · Element: 508 · Name: Account Number · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Account number assigned.

LN113 is the lender's account number.

Position: LN1-14 · Element: 954 · Name: Percent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Percentage expressed as a decimal

LN114 is the initial or original payment rate.

Position: LN1-15 · Element: 954 · Name: Percent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Percentage expressed as a decimal

LN115 is the rate used by the lender to qualify the loan.

Position: LN1-16 · Element: 1250 · Name: Date Time Period Format Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 3 · Repeat: -

Code indicating the date format, time format, or date and time format.

LN116 defines the date format used in LN117 thru LN121.

Position: LN1-17 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Expression of a date, a time, or range of dates, times or dates and times.

C1716: If LN1-17 is present, then LN1-16 is required

LN117 is the loan note date.

Position: LN1-18 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Expression of a date, a time, or range of dates, times or dates and times.

C1816: If LN1-18 is present, then LN1-16 is required

LN118 is the first installment due date.

Position: LN1-19 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Expression of a date, a time, or range of dates, times or dates and times.

C1916: If LN1-19 is present, then LN1-16 is required

LN119 is the last paid installment date.

Position: LN1-20 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Expression of a date, a time, or range of dates, times or dates and times.

C2016: If LN1-20 is present, then LN1-16 is required

LN120 is the date interest on the loan is paid to.

Position: LN1-21 · Element: 1251 · Name: Date Time Period · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Expression of a date, a time, or range of dates, times or dates and times.

C2116: If LN1-21 is present, then LN1-16 is required

LN121 is the next payment installment due date.

Position: LN1-22 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

LN122 is the amount of other or additional financing.

Position: LN1-23 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

LN123 is the current balance of negative amoritization.