BFS Borrower Financial Summary
To provide summary totals for borrower's financial position
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Code qualifying how to extend charges or interpret value.
C0102: If BFS-01 is present, then BFS-02 is required
BFS01 defines period for income total.
Monetary amount.
BFS02 defines borrower income amount.
Code qualifying how to extend charges or interpret value.
C0304: If BFS-03 is present, then BFS-04 is required
BFS03 defines period for expense total.
Monetary amount.
BFS04 defines borrower expense amount.
Date (YYMMDD).
C0506: If BFS-05 is present, then BFS-06 is required
BFS05 defines asset total effective date.
Monetary amount.
BFS06 defines borrower asset total.
Date (YYMMDD).
C0708: If BFS-07 is present, then BFS-08 is required
BFS07 defines borrower liability total effective date.
Monetary amount.
BFS08 defines borrower liability total.
Code defining the nature or source of income.
BFS09 is used to state the source of borrower income.
Code indicating a Yes or No condition or response.
BFS10 defines whether the borrower is a non-occupant. A ``Y'' indicates the borrower is a non-occupant. A ``N'' indicates the borrower is an occupant.