LN1 Loan Specific Data
To provide high-level information about a loan
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Monetary amount
LN101 is the unpaid principal balance of the loan.
Code identifying the rights and relationship of a loan to any other loan secured by the same property
LN102 describes the lien priority for this loan.
Code identifying the loan product category
LN103 defines the real estate loan type.
Monetary amount
LN104 is the initial or original principal balance.
Percentage expressed as a decimal
LN105 is the current loan note rate.
Percentage expressed as a decimal
LN106 defines the loan-to-value ratio.
Code qualifying how to extend charges or interpret value
P0708: If either LN1-07 or LN1-08 is present, then the other is required
LN107 is the period type for payment frequency.
Monetary amount
LN108 is the current periodic principal and interest payment.
Code indicating type of security instrument
LN109 defines the security instrument, such as a mortgage or a deed.
Code indicating type of documentation used in underwriting the loan
LN110 defines underwriting documentation requirements.
Code indicating the characteristics of the loan rate
LN111 defines the interest rate characteristics for the loan.
Code indicating a Yes or No condition or response
LN112 defines whether loan is assumable. A "Y" indicates the loan is assumable; an "N" indicates it is not.
Account number assigned
LN113 is the lender's account number.
Percentage expressed as a decimal
LN114 is the initial or original payment rate.
Percentage expressed as a decimal
LN115 is the rate used by the lender to qualify the loan.
Code indicating the date format, time format, or date and time format
L161718192021: If LN1-16 is present, then at least one of LN1-17, LN1-18, LN1-19, LN1-20 or LN1-21 is required
LN116 defines the date format used in LN117 through LN121.
Expression of a date, a time, or range of dates, times or dates and times
C1716: If LN1-17 is present, then LN1-16 is required
LN117 is the loan note date.
Expression of a date, a time, or range of dates, times or dates and times
C1816: If LN1-18 is present, then LN1-16 is required
LN118 is the scheduled due date of the first mortgage payment.
Expression of a date, a time, or range of dates, times or dates and times
C1916: If LN1-19 is present, then LN1-16 is required
LN119 is the last paid installment date.
Expression of a date, a time, or range of dates, times or dates and times
C2016: If LN1-20 is present, then LN1-16 is required
LN120 is the date interest on the loan is paid to.
Expression of a date, a time, or range of dates, times or dates and times
C2116: If LN1-21 is present, then LN1-16 is required
LN121 is the next payment installment due date.
Monetary amount
LN122 is the amount of other or additional financing.
Monetary amount
LN123 is the current balance of negative amortization.