MIR Mortgage Insurance Response

To determine if mortgage insurance has been approved or declined, and if approved, supply details about the coverage

Position: MIR-01 · Element: 1097 · Name: Mortgage Insurance Application Type · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

Code identifying the type of Mortgage Insurance application.

Position: MIR-02 · Element: 1209 · Name: Underwriting Decision Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: -

Code indicating the decision made by the underwriter

Position: MIR-03 · Element: 1099 · Name: Mortgage Insurance Certificate Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both.

Position: MIR-04 · Element: 127 · Name: Reference Number · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 30 · Repeat: -

Reference number or identification number as defined for a particular Transaction Set, or as specified by the Reference Number Qualifier.

MIR04 defines the certificate of insurance number.

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

Percentage expressed as a decimal

MIR05 defines the percentage of the premium of the initial term.

Position: MIR-06 · Element: 610 · Name: Amount · Type: N2 · Requirement: Optional · Min: 1 · Max: 9 · Repeat: -

Monetary amount.

MIR06 defines the amount of the premium of the initial term.

Position: MIR-07 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

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

MIR07 defines the unit of measure for the term of the mortgage insurance.

Position: MIR-08 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 15 · Repeat: -

Numeric value of quantity.

MIR08 defines the term of the mortgage insurance coverage as either a period of time or as a percentage of the loan outstanding when compared to the value of the property.

Position: MIR-09 · Element: 954 · Name: Percent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Percentage expressed as a decimal

MIR09 defines the amount of mortgage insurance as a percentage.

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

Percentage expressed as a decimal

MIR10 defines the loan to value (LTV) ratio at the time of loan origination. Loan-to-value ratio is the percentage of the loan outstanding when compared to the value of the property.

Position: MIR-11 · Element: 1102 · Name: Mortgage Insurance Renewal Option Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: -

Code indicating the type of renewal option for Mortgage Insurance.

Position: MIR-12 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 6 · Max: 6 · Repeat: -

Date (YYMMDD).

MIR12 defines the expiration date of the proposed coverage.