EDI 201 Residential Loan Application

Functional Group ME

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Loan Application Transaction Set (201) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to transfer the data contained in the Uniform Residential Loan Application between mortgage lenders, mortgage service vendors, insurance companies, credit reporting agencies and secondary market organizations.

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

      The N1 loop identifies the sending and receiving parties such as the mortgage company, loan broker, service bureau mortgage insurer, etc.

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

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

   3. 050 · N3 · Address Information · Max 2 · Optional

      To specify the location of the named party

   4. 060 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   5. 070 · REF · Reference Identification · Max 1 · Optional

      To specify identifying information

   6. 080 · PER · Administrative Communications Contact · Max 5 · Optional

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

Detail

1. LRQ Loop Mandatory Repeat >1

   1. 010 · LRQ · Mortgage Characteristics Requested · Max 1 · Mandatory

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

      The LRQ loop contains requested loan, borrower and subject property information. One iteration equals one loan application.

   2. 020 · REF · Reference Identification · Max 3 · Mandatory

      To specify identifying information

   3. 030 · YNQ · Yes/No Question · Max 4 · Mandatory

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

      The YNQ segment is used to determine whether or not improvements have been made and whether or not they are complete.

   4. 040 · N1 · Name · Max 1 · Mandatory

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

   5. 050 · N2 · Additional Name Information · Max 2 · Optional

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

   6. 060 · III · Information · Max 1 · Optional

      To report information

   7. 070 · DTP · Date or Time or Period · Max 1 · Optional

      To specify any or all of a date, a time, or a time period

   8. 080 · RLD · Down Payment Data · Max 15 · Optional

      To provide amount or nature of loan down payment

   9. 090 · MCD · Mortgage Closing Data · Max 1 · Optional

      To provide details about loan settlement

   10. 095 · NTE · Note/Special Instruction · Max >1 · Optional

       To transmit information in a free-form format, if necessary, for comment or special instruction

   11. NX1 Loop Mandatory Repeat 10

       1. 100 · NX1 · Property or Entity Identification · Max 1 · Mandatory

          To define the attributes of a property or an entity

          The NX1 loop contains the address of the subject property.

       2. 110 · NX2 · Location ID Component · Max 30 · Mandatory

          To define types and values of a geographic location

       3. 120 · REA · Real Estate Property Information · Max 1 · Optional

          To provide a description of real estate or general property information

       4. 130 · PDS · Property Description/Legal Description · Max 10 · Optional

          To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

       5. 140 · PDE · Property Metes and Bounds Description · Max 50 · Optional

          To describe real estate property by boundary lines with their terminal points and angles; this segment defines legal boundaries of real estate property

   12. PEX Loop Mandatory Repeat 20

       1. 150 · PEX · Property or Housing Expense · Max 1 · Mandatory

          To provide housing expense information

          The PEX loop provides the proposed monthly housing expenses.

       2. 160 · MSG · Message Text · Max 1 · Optional

          To provide a free-form format that allows the transmission of text information

   13. AMT Loop Optional Repeat >1

       1. 170 · AMT · Monetary Amount · Max 1 · Mandatory

          To indicate the total monetary amount

          The AMT loop contains refinance and construction loan information.

       2. 180 · MSG · Message Text · Max 1 · Optional

          To provide a free-form format that allows the transmission of text information

   14. IN1 Loop Mandatory Repeat 15

       1. 190 · IN1 · Individual Identification · Max 1 · Mandatory

          To provide identification of an individual or entity

          The IN1 loop identifies the borrower(s) and their asset and liability information.

       2. 200 · IN2 · Individual Name Structure Components · Max 10 · Mandatory

          To sequence individual name components for maximum specificity

       3. 210 · YNQ · Yes/No Question · Max 19 · Mandatory

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

       4. 220 · DTP · Date or Time or Period · Max 3 · Mandatory

          To specify any or all of a date, a time, or a time period

       5. 230 · REF · Reference Identification · Max 1 · Optional

          To specify identifying information

       6. 240 · AMT · Monetary Amount · Max >1 · Optional

          To indicate the total monetary amount

       7. 250 · DMG · Demographic Information · Max 1 · Optional

          To supply demographic information

       8. 260 · N10 · Quantity and Description · Max 1 · Optional

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

       9. 270 · MSG · Message Text · Max 1 · Optional

          To provide a free-form format that allows the transmission of text information

       10. 280 · PER · Administrative Communications Contact · Max 1 · Optional

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

       11. 290 · QTY · Quantity · Max >1 · Optional

           To specify quantity information

       12. 300 · FTH · First Time Home Buyer · Max 1 · Optional

           To capture the first time home buyer information found in section of the Loan Application

       13. 310 · AIN · Income · Max 10 · Optional

           To provide type and amount of income obtained

       14. 320 · PPY · Personal Property Description · Max 20 · Optional

           To provide details of personal property

       15. PEX Loop Optional Repeat 20

           1. 380 · PEX · Property or Housing Expense · Max 1 · Mandatory

              To provide housing expense information

              The PEX loop provides current housing expense information.

           2. 390 · MSG · Message Text · Max 1 · Optional

              To provide a free-form format that allows the transmission of text information

       16. NX1 Loop Optional Repeat 10

           1. 400 · NX1 · Property or Entity Identification · Max 1 · Mandatory

              To define the attributes of a property or an entity

              The NX1 loop provides the applicant's current and previous residence information.

           2. 410 · NX2 · Location ID Component · Max 30 · Mandatory

              To define types and values of a geographic location

           3. 420 · N10 · Quantity and Description · Max 1 · Optional

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

           4. 430 · ARS · Applicant Residence Specifics · Max 1 · Optional

              To provide type of residency

       17. N1 Loop Optional Repeat 20

           1. 440 · N1 · Name · Max 1 · Mandatory

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

              The N1 loop provides the applicant's current and previous employment information, and alias information used to obtain credit.

           2. 450 · N2 · Additional Name Information · Max 2 · Optional

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

           3. 460 · N3 · Address Information · Max 2 · Optional

              To specify the location of the named party

           4. 470 · N4 · Geographic Location · Max 1 · Optional

              To specify the geographic place of the named party

           5. 480 · PER · Administrative Communications Contact · Max 1 · Optional

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

           6. 485 · ACT · Account Identification · Max 10 · Optional

              To specify account information

           7. 490 · 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

              The YNQ segment determines whether or not a borrower is self employed. A "Y" indicates that the borrower is self employed.

           8. 500 · EMS · Employment Position · Max 1 · Optional

              To describe employment position

           9. 510 · QTY · Quantity · Max 2 · Optional

              To specify quantity information

           10. 530 · AMT · Monetary Amount · Max 1 · Optional

               To indicate the total monetary amount

       18. REA Loop Optional Repeat 20

           1. 540 · REA · Real Estate Property Information · Max 1 · Mandatory

              To provide a description of real estate or general property information

              The REA loop provides information about other properties owned.

           2. 550 · AMT · Monetary Amount · Max 6 · Mandatory

              To indicate the total monetary amount

           3. 560 · NX1 · Property or Entity Identification · Max 1 · Mandatory

              To define the attributes of a property or an entity

           4. 570 · NX2 · Location ID Component · Max 30 · Mandatory

              To define types and values of a geographic location

       19. CDA Loop Optional Repeat 100

           1. 580 · CDA · Consumer Credit Account · Max 1 · Mandatory

              To provide duration or amount of consumer credit account

              The CDA loop provides consumer credit account information.

           2. 590 · YNQ · Yes/No Question · Max 1 · Mandatory

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

              The YNQ segment determines whether or not a liability will be satisfied by the sale of owned real estate or by refinancing a current loan. A "Y" means that the liability will be satisfied by a sale or refinance.

           3. 600 · N1 · Name · Max 1 · Mandatory

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

           4. 610 · N2 · Additional Name Information · Max 2 · Optional

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

           5. 620 · N3 · Address Information · Max 2 · Optional

              To specify the location of the named party

           6. 630 · N4 · Geographic Location · Max 1 · Optional

              To specify the geographic place of the named party

           7. 640 · PER · Administrative Communications Contact · Max 1 · Optional

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

       20. FAA Loop Optional Repeat 100

           1. 650 · FAA · Financial Asset Account · Max 1 · Mandatory

              To provide duration or amount of financial assets

              The FAA loop provides financial asset information.

           2. 660 · N1 · Name · Max 1 · Mandatory

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

           3. 670 · N2 · Additional Name Information · Max 2 · Optional

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

           4. 680 · N3 · Address Information · Max 2 · Optional

              To specify the location of the named party

           5. 690 · N4 · Geographic Location · Max 1 · Optional

              To specify the geographic place of the named party

           6. 700 · PER · Administrative Communications Contact · Max 1 · Optional

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

           7. 704 · MSG · Message Text · Max 1 · Optional

              To provide a free-form format that allows the transmission of text information

       21. 705 · LS · Loop Header · Max 1 · Optional

           To indicate that the next segment begins a loop

       22. AMT Loop Optional Repeat 10

           1. 710 · AMT · Monetary Amount · Max 1 · Mandatory

              To indicate the total monetary amount

              The AMT loop provides alimony and child support income and expense information along with job related expense information.

           2. 720 · MSG · Message Text · Max 1 · Optional

              To provide a free-form format that allows the transmission of text information

       23. 725 · LE · Loop Trailer · Max 1 · Optional

           To indicate that the loop immediately preceding this segment is complete

   15. LX Loop Mandatory Repeat 5

       1. 730 · LX · Assigned Number · Max 1 · Mandatory

          To reference a line number in a transaction set

          The LX loop contains information about the interviewer who obtained the loan application data.

       2. 740 · N1 · Name · Max 1 · Optional

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

       3. 750 · N2 · Additional Name Information · Max 2 · Optional

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

       4. 760 · N3 · Address Information · Max 2 · Optional

          To specify the location of the named party

       5. 770 · N4 · Geographic Location · Max 1 · Optional

          To specify the geographic place of the named party

       6. 780 · PER · Administrative Communications Contact · Max 1 · Optional

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

       7. 790 · DTP · Date or Time or Period · Max 1 · Optional

          To specify any or all of a date, a time, or a time period

2. 800 · 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)