EDI 872 Residential Mortgage Insurance Application

Functional Group PM

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Insurance Application Transaction Set (872) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by a mortgage originator to request mortgage insurance and provide supporting information needed to obtain a mortgage insurance commitment on one or several residential mortgage loans.

Heading

1. 010 · ST · Transaction Set Header · Max 1 · Mandatory

   To indicate the start of a transaction set and to assign a control number

2. 020 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set.

3. N1 Loop Mandatory Repeat 5

   1. 030 · N1 · Name · Max 1 · Mandatory

      To identify a party by type of organization, name and code

      Use this N1 loop to identify transaction requestor and insuror entities.

   2. 040 · N2 · Additional Name Information · Max 2 · Optional

      To specify additional names or those longer than 35 characters in length

   3. 050 · REF · Reference Numbers · Max 12 · Optional

      To specify identifying numbers.

   4. 060 · PER · Administrative Communications Contact · Max 3 · Optional

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

   5. N4 Loop Optional Repeat 5

      1. 070 · N4 · Geographic Location · Max 1 · Mandatory

         To specify the geographic place of the named party

      2. 080 · N3 · Address Information · Max 2 · Optional

         To specify the location of the named party

Detail

1. LX Loop Mandatory Repeat >1

   1. 010 · LX · Assigned Number · Max 1 · Mandatory

      To reference a line number in a transaction set.

   2. 020 · N1 · Name · Max 1 · Mandatory

      To identify a party by type of organization, name and code

      Use this N1 loop to identify the insured entity.

   3. 030 · N2 · Additional Name Information · Max 2 · Optional

      To specify additional names or those longer than 35 characters in length

   4. 040 · N3 · Address Information · Max 2 · Optional

      To specify the location of the named party

   5. 050 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   6. 060 · REF · Reference Numbers · Max 12 · Mandatory

      To specify identifying numbers.

   7. MII Loop Mandatory Repeat >1

      1. 070 · MII · Mortgage Insurance Information · Max 1 · Mandatory

         To provide the type and extent of mortgage insurance

      2. 080 · PER · Administrative Communications Contact · Max 5 · Optional

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

      3. 090 · LRQ · Mortgage Characteristics Requested · Max 1 · Mandatory

         To describe the characteristics of a mortgage requested by the applicant(s)

      4. 100 · REF · Reference Numbers · Max 5 · Optional

         To specify identifying numbers.

      5. 110 · PEX · Property or Housing Expense · Max 20 · Optional

         To provide housing expense information

      6. 120 · LN1 · Loan Specific Data · Max 1 · Mandatory

         To provide high level information about a loan

      7. 130 · RLD · Down Payment Data · Max 5 · Optional

         To provide amount or nature of loan down payment

      8. 140 · PRD · Mortgage Loan Product Description · Max 1 · Mandatory

         To describe terms of a mortgage product

      9. 150 · PAY · Adjustable Payment Description · Max 1 · Optional

         To provide the terms of payment adjustment

      10. 160 · RAT · Adjustable Rate Description · Max 1 · Optional

          To describe terms of rate adjustment

      11. REA Loop Optional Repeat 1

          1. 170 · REA · Real Estate Property Information · Max 1 · Mandatory

             To provide a description of real estate or general property information

          2. 180 · AMT · Monetary Amount · Max 10 · Optional

             To indicate the total monetary amount.

      12. MCD Loop Optional Repeat 1

          1. 190 · MCD · Mortgage Closing Data · Max 1 · Mandatory

             To provide details about loan settlement

          2. 200 · AMT · Monetary Amount · Max 10 · Optional

             To indicate the total monetary amount.

      13. BUY Loop Optional Repeat 20

          1. 210 · BUY · Loan Buydown · Max 1 · Mandatory

             To describe the features of a loan buydown

          2. 220 · TBA · Temporary Buydown Adjustment · Max 10 · Optional

             To indicate amount or period of temporary buydown adjustment

      14. PRJ Loop Optional Repeat 1

          1. 230 · PRJ · Multifamily Housing Project · Max 1 · Mandatory

             To describe attributes of a multifamily housing project

          2. 240 · PER · Administrative Communications Contact · Max 10 · Optional

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

      15. PWK Loop Optional Repeat 10

          1. 250 · PWK · Paperwork · Max 1 · Mandatory

             To identify the type and transmission of paperwork or supporting information

          2. 260 · N1 · Name · Max 1 · Optional

             To identify a party by type of organization, name and code

          3. 270 · N2 · Additional Name Information · Max 2 · Optional

             To specify additional names or those longer than 35 characters in length

          4. 280 · N3 · Address Information · Max 2 · Optional

             To specify the location of the named party

          5. 290 · N4 · Geographic Location · Max 1 · Optional

             To specify the geographic place of the named party

          6. 300 · REF · Reference Numbers · Max 12 · Optional

             To specify identifying numbers.

          7. 310 · PER · Administrative Communications Contact · Max 3 · Optional

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

      16. NX1 Loop Mandatory Repeat 5

          1. 320 · NX1 · Property or Entity Identification · Max 1 · Mandatory

             To define the attributes of a property or an entity

          2. 330 · NX2 · Real Estate Property ID Component · Max 30 · Mandatory

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

          3. PAS Loop Mandatory Repeat 5

             1. 340 · PAS · Property Appraisal Summary · Max 1 · Mandatory

                To provide high level information about the property valuation

             2. 350 · N1 · Name · Max 2 · Optional

                To identify a party by type of organization, name and code

             3. 360 · PER · Administrative Communications Contact · Max 10 · Optional

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

             4. 370 · MSG · Message Text · Max 10 · Optional

                To provide a free form format that would allow the transmission of text information.

      17. IN1 Loop Mandatory Repeat 12

          1. 380 · IN1 · Individual Identification · Max 1 · Mandatory

             To provide identification of an individual or entity

          2. 390 · IN2 · Individual Name Structure Components · Max 10 · Mandatory

             To sequence individual name components for maximum specificity

          3. 391 · YNQ · Yes/No Question · Max 1 · Optional

             To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

          4. 395 · DMG · Demographic Information · Max 1 · Optional

             To supply demographic information

          5. 396 · MSG · Message Text · Max 1 · Optional

             To provide a free form format that would allow the transmission of text information.

          6. 400 · N10 · Quantity and Description · Max 1 · Optional

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

          7. 410 · BFS · Borrower Financial Summary · Max 1 · Optional

             To provide summary totals for borrower's financial position

2. 420 · SE · Transaction Set Trailer · Max 1 · Mandatory

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