EDI 833 Mortgage Credit Report Order

Functional Group ME

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Mortgage Credit Report Order Transaction Set (833) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by a mortgage originator to request, track, and cancel a series of value-added, investigative credit reports which are typically required in mortgage lending. It is a collection of borrower information that is needed to order a mortgage credit report.

Heading

1. 0100 · ST · Transaction Set Header · Max 1 · Mandatory

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

2. 0200 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set

3. N1 Loop Mandatory Repeat 100

   1. 0400 · N1 · Name · Max 1 · Mandatory

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

      The N1 segment identifies name, address and contact of requestor, vendor, default billing, etc.

   2. 0500 · N2 · Additional Name Information · Max 2 · Optional

      To specify additional names

   3. 0600 · REF · Reference Identification · Max 12 · Optional

      To specify identifying information

   4. 0700 · 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. 0800 · N4 · Geographic Location · Max 1 · Mandatory

         To specify the geographic place of the named party

      2. 0900 · N3 · Address Information · Max 2 · Optional

         To specify the location of the named party

Detail

1. CRO Loop Mandatory Repeat 200

   1. 0100 · CRO · Credit Report Order Details · Max 1 · Mandatory

      To provide attributes of the credit report

   2. 0200 · REF · Reference Identification · Max >1 · Optional

      To specify identifying information

      The REF segment identifies Order Number, Loan Number, etc.

   3. 0300 · PER · Administrative Communications Contact · Max 3 · Optional

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

      The PER segment is contact information for the requesting individual.

   4. 0400 · K2 · Administrative Message · Max 10 · Optional

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

      The K2 segment gives special instructions for credit report.

   5. 0500 · LRQ · Mortgage Characteristics Requested · Max 1 · Optional

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

      The LRQ segment contains the details of the loan including principal balance, interest rate, payment amounts, etc.

   6. 0510 · DTP · Date or Time or Period · Max 1 · Optional

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

   7. N1 Loop Optional Repeat 20

      1. 0600 · N1 · Name · Max 1 · Mandatory

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

         The N1 loop identifies repository names, Bill To, Send To names, addresses and contacts.

      2. 0700 · N2 · Additional Name Information · Max 2 · Optional

         To specify additional names

      3. 0800 · N3 · Address Information · Max 2 · Optional

         To specify the location of the named party

      4. 0900 · N4 · Geographic Location · Max 1 · Optional

         To specify the geographic place of the named party

      5. 1000 · REF · Reference Identification · Max 12 · Optional

         To specify identifying information

      6. 1100 · PER · Administrative Communications Contact · Max 3 · Optional

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

      7. 1150 · PWK · Paperwork · Max 1 · Optional

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

   8. NX1 Loop Optional Repeat 20

      1. 1200 · NX1 · Property or Entity Identification · Max 1 · Mandatory

         To define the attributes of a property or an entity

         The NX1 loop is the property address for subject loan.

      2. 1300 · NX2 · Location ID Component · Max 10 · Optional

         To define types and values of a geographic location

      3. 1330 · DTP · Date or Time or Period · Max 1 · Optional

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

      4. 1340 · QTY · Quantity · Max 1 · Optional

         To specify quantity information

   9. LX Loop Mandatory Repeat 2

      1. 1400 · LX · Assigned Number · Max 1 · Mandatory

         To reference a line number in a transaction set

         The LX loop is the loop reference for individual credit subject.

      2. 1500 · REF · Reference Identification · Max 12 · Optional

         To specify identifying information

         The REF segment is other identifying numbers for individuals.

      3. 1600 · PER · Administrative Communications Contact · Max 3 · Optional

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

         The PER segment identifies communications numbers for individuals.

      4. 1700 · AIN · Income · Max 10 · Optional

         To provide type and amount of income obtained

      5. 1800 · PPY · Personal Property Description · Max 10 · Optional

         To provide details of personal property

      6. 1900 · CAI · Civil Action Income · Max 20 · Optional

         To name the income pursuant to a civil action (judgment, child support, etc.)

      7. 2000 · CIV · Civil Action Liability · Max 20 · Optional

         To provide law suit, outstanding judgment, tax lien or foreclosure status

         The CIV segment is the civil action liability item(s).

      8. 2010 · YNQ · Yes/No Question · Max 12 · Optional

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

      9. 2020 · DTP · Date or Time or Period · Max 1 · Optional

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

      10. 2030 · QTY · Quantity · Max 20 · Optional

          To specify quantity information

      11. AMT Loop Optional Repeat 10

          1. 2040 · AMT · Monetary Amount · Max 1 · Mandatory

             To indicate the total monetary amount

          2. 2050 · MSG · Message Text · Max 1 · Optional

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

      12. REA Loop Optional Repeat 20

          1. 2100 · REA · Real Estate Property Information · Max 1 · Mandatory

             To provide a description of real estate or general property information

             The REA loop gives the details of real estate asset owned by individual.

          2. 2200 · FPT · Financial Participation · Max 1 · Optional

             Defines nature of participation in financial account

          3. 2300 · AMT · Monetary Amount · Max 6 · Optional

             To indicate the total monetary amount

          4. 2400 · NX1 · Property or Entity Identification · Max 1 · Optional

             To define the attributes of a property or an entity

          5. 2500 · NX2 · Location ID Component · Max 30 · Optional

             To define types and values of a geographic location

      13. IN1 Loop Mandatory Repeat 30

          1. 2600 · IN1 · Individual Identification · Max 1 · Mandatory

             To provide identification of an individual or entity

             The IN1 loop identifies credit subject names, alias, dependents name and demographic data.

          2. 2700 · IN2 · Individual Name Structure Components · Max 10 · Optional

             To sequence individual name components for maximum specificity

          3. 2800 · DMG · Demographic Information · Max 1 · Optional

             To supply demographic information

          4. 2900 · N10 · Quantity and Description · Max 1 · Optional

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

          5. 2910 · ACT · Account Identification · Max 1 · Optional

             To specify account information

      14. NX1 Loop Mandatory Repeat 10

          1. 3000 · NX1 · Property or Entity Identification · Max 1 · Mandatory

             To define the attributes of a property or an entity

             The NX1 loop is the residence type, address and history.

          2. 3100 · NX2 · Location ID Component · Max 30 · Mandatory

             To define types and values of a geographic location

          3. 3150 · ARS · Applicant Residence Specifics · Max 1 · Optional

             To provide type of residency

          4. 3200 · DTP · Date or Time or Period · Max 1 · Optional

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

          5. 3300 · N10 · Quantity and Description · Max 1 · Optional

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

      15. N1 Loop Optional Repeat 500

          1. 3400 · N1 · Name · Max 1 · Mandatory

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

             The N1 loop identifies names, addresses and contacts of personal references.

          2. 3500 · N2 · Additional Name Information · Max 2 · Optional

             To specify additional names

          3. 3600 · N3 · Address Information · Max 2 · Optional

             To specify the location of the named party

          4. 3700 · N4 · Geographic Location · Max 1 · Optional

             To specify the geographic place of the named party

          5. 3800 · REF · Reference Identification · Max 12 · Optional

             To specify identifying information

          6. 3900 · PER · Administrative Communications Contact · Max 3 · Optional

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

          7. 3950 · YNQ · Yes/No Question · Max 3 · Optional

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

             The YNQ segment indicates whether or not special action is required for employment, financial assets or consumer credit accounts.

          8. EMP Loop Optional Repeat 20

             1. 4000 · EMP · Employer · Max 1 · Mandatory

                To provide employment specifics

                The EMP loop provides current and previous employment information

             2. 4100 · DTP · Date or Time or Period · Max 2 · Optional

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

             3. 4150 · QTY · Quantity · Max 2 · Optional

                To specify quantity information

             4. EMS Loop Optional Repeat 10

                1. 4200 · EMS · Employment Position · Max 1 · Mandatory

                   To describe employment position

                2. 4300 · DTP · Date or Time or Period · Max 1 · Optional

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

                3. 4350 · QTY · Quantity · Max 1 · Optional

                   To specify quantity information

                4. 4400 · AIN · Income · Max 10 · Optional

                   To provide type and amount of income obtained

          9. FAA Loop Optional Repeat 100

             1. 4500 · FAA · Financial Asset Account · Max 1 · Mandatory

                To provide duration, amount and associated information on financial assets

                The FAA loop provides financial asset information.

             2. 4600 · DTP · Date or Time or Period · Max 1 · Optional

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

             3. 4700 · AIN · Income · Max 5 · Optional

                To provide type and amount of income obtained

             4. IN1 Loop Optional Repeat 10

                1. 4800 · IN1 · Individual Identification · Max 1 · Mandatory

                   To provide identification of an individual or entity

                   The IN1 loop identifies co-owners of asset accounts.

                2. 4900 · IN2 · Individual Name Structure Components · Max 10 · Optional

                   To sequence individual name components for maximum specificity

                3. 5000 · FPT · Financial Participation · Max 1 · Optional

                   Defines nature of participation in financial account

          10. CDA Loop Optional Repeat 100

              1. 5100 · CDA · Consumer Credit Account · Max 1 · Mandatory

                 To provide duration, amount and associated information on consumer credit accounts

                 The CDA loop provides consumer credit account information.

              2. 5200 · DTP · Date or Time or Period · Max 1 · Optional

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

              3. 5300 · PPY · Personal Property Description · Max 5 · Optional

                 To provide details of personal property

              4. IN1 Loop Optional Repeat 10

                 1. 5400 · IN1 · Individual Identification · Max 1 · Mandatory

                    To provide identification of an individual or entity

                    The IN1 loop identifies other obligations.

                 2. 5500 · IN2 · Individual Name Structure Components · Max 10 · Optional

                    To sequence individual name components for maximum specificity

                 3. 5600 · FPT · Financial Participation · Max 1 · Optional

                    Defines nature of participation in financial account

2. 5700 · 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)