EDI 202 Secondary Mortgage Market Loan Delivery

Functional Group MJ

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Secondary Mortgage Market Loan Delivery Transaction Set (202) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to report mortgage loan information (i.e., borrower, property, underwriting information, etc.) among mortgage lenders, mortgage service vendors, and secondary mortgage market organizations.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set

  3. To uniquely identify a transaction to an application

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

  5. N1 Loop Optional
    Repeat 5
    1. To identify a party by type of organization, name, and code

      The N1 Loop is used to identify the sender and receiver information.
    2. To specify additional names

    3. To specify the location of the named party

    4. To specify the geographic place of the named party

    5. To specify identifying information

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

Detail

Position
Segment
Name
Max use
  1. N9 Loop Mandatory
    Repeat >1
    1. To transmit identifying information as specified by the Reference Identification Qualifier

      The N9 segment identifies the issuer reference number or originator of the mortgage reference number.
    2. DEX Loop Mandatory
      Repeat >1
      1. To provide loan delivery and contract information

        The DEX Loop is used to report loan delivery execution and contract data for mortgage loans.
      2. To specify identifying information

        The REF segment identifies the subservicer number, master contract number, contract number, and pool number for the loans being delivered.
      3. To specify basic data about the contract or contract line item

      4. To qualify percent amounts and supply percent amounts

      5. To specify interest rate and type and the applicable time period

      6. To indicate the total monetary amount

      7. To specify quantity information

        The QTY segment is used to report contract information such as commitment period, contract buyup and buydown.
      8. To identify mortgage pool types

        The MPP segment identifies Government National Mortgage Association (GNMA) and Fannie Mae (FNMA) pool information.
      9. To specify any or all of a date, a time, or a time period

      10. To report information

      11. ASM Loop Optional
        Repeat >1
        1. Defines a participant's monetary commitment and settlement method

          The ASM Loop is used to identify wire instructions, proceed amounts and account numbers associated with the contract or pool funding.
        2. To identify a party by type of organization, name, and code

        3. To specify identifying information

      12. NM1 Loop Mandatory
        Repeat >1
        1. To supply the full name of an individual or organizational entity

          The NM1 segment identifies the document custodian of the mortgage.
        2. LX Loop Mandatory
          Repeat >1
          1. To reference a line number in a transaction set

            The LX Loop is used to identify mortgage loan level information.
          2. To specify identifying information

          3. To indicate the total monetary amount

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

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

            The YNQ segment is used to answer questions about the loan such as third party originated, capitalized mortgage, property covered by flood insurance, etc.
          6. To specify quantity information

            The QTY segment is used to report the number of borrowers, guaranty fee rates, or buyup or buydown rates.
          7. To identify a party by type of organization, name, and code

          8. To report information

          9. To identify the loan underwriting codes

          10. To provide amount or nature of loan down payment

          11. To specify interest rate and type and the applicable time period

          12. To identify the payment pattern of specific, credit-related items

          13. To identify the type or transmission or both of paperwork or supporting information

          14. To describe the features of a loan buydown

          15. To provide housing expense information

          16. To identify the type and location of borrower education provided

          17. IGI Loop Optional
            Repeat >1
            1. To identify the mortgage insurer or guarantor and provide information about the insurance coverage

              The IGI loop is used to identify information associated with mortgage insurance including the mortgage insurance certificate numbers.
            2. To specify identifying information

            3. To qualify percent amounts and supply percent amounts

          18. NX1 Loop Optional
            Repeat >1
            1. To define the attributes of a property or an entity

              The NX1 loop is used to describe the characteristics of the subject property.
            2. To define types and values of a geographic location

            3. To provide a description of real estate or general property information

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

          19. LN1 Loop Optional
            Repeat 5
            1. To provide high-level information about a loan

              The LN1 loop is used for high level and subordinate loan level information.
            2. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

              The YNQ segment identifies if a subject lien is involved.
            3. To specify any or all of a date, a time, or a time period

            4. To specify identifying information

          20. CRC Loop Optional
            Repeat >1
            1. To supply information on conditions

              The CRC Loop is used to identify the borrower and co-borrower information at either the summary loan level or the individual borrower level.
            2. To provide identification of an individual or entity

              The IN1 segment identifies the borrower and co-borrower name.
            3. To sequence individual name components for maximum specificity

            4. To supply demographic information

            5. To specify quantity information

              The QTY segment is used to report borrower age, years employed by company, total other properties owned and financed, or total number of dependents.
            6. To identify a party by type of organization, name, and code

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

              The YNQ segment identifies whether the borrower is self employed or a non-occupant co-borrower.
            8. To provide type and amount of income obtained

            9. To indicate the total monetary amount

            10. SCM Loop Optional
              Repeat >1
              1. To define the credit score model used and the related score

                The SCM loop is used to capture credit scoring information for borrower and co-borrower.
              2. To identify evaluation factors used in determining an applicant's credit score

          21. PAM Loop Optional
            Repeat 4
            1. To indicate a quantity, and/or amount for an identified period

              The PAM Loop is used to identify the number of bedrooms in each unit of the property and gross rental income per unit.
            2. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

              The YNQ segment determines whether the unit should be counted as an efficiency or studio.
            3. To specify identifying information

          22. UWI Loop Optional
            Repeat 5
            1. To identify the type of underwriting used to underwrite a mortgage loan

              The UWI Loop is used to identify automated underwriting system information.
            2. To report information

            3. To specify identifying information

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

Summary

Position
Segment
Name
Max use
  1. To transmit a hash total for a specific element in the transaction set

    The CTT segment is used to provide summary information on the number of loans in delivery. It is the count of the number of iterations of the LX loop. Each LX loop defines a single loan.
  2. To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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