MCD Mortgage Closing Data

To provide details about loan settlement

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

Monetary amount.

MCD01 is the amount of the property sales price.

Position: MCD-02 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 6 · Max: 6 · Repeat: -

Date (YYMMDD).

MCD02 is the loan settlement date (actual or scheduled).

Position: MCD-03 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 15 · Repeat: -

Monetary amount.

MCD03 is the amount of any purchase deposit.

Position: MCD-04 · Element: 93 · Name: Name · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 35 · Repeat: -

Free-form name.

C0403: If MCD-04 is present, then MCD-03 is required

MCD04 is the name of the purchase deposit holder.