EDI 260 Application for Mortgage Insurance Benefits

Functional Group MG

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Application for Mortgage Insurance Benefits Transaction Set (260) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by mortgage lenders to file claims with both government agencies and private mortgage insurers in the event that defaults or foreclosure activity allow for the collection of a third-party guarantee/insurance benefit. The information in a standard format will allow all mortgage insurance claim payments to be requested similarly, whether they be to an investor, insurer, or guarantor.

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. 0100 Loop Mandatory Repeat 7

   1. 0300 · N1 · Name · Max 1 · Mandatory

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

      The 0100 loop identifies the name and address of the sending party, an entity such as the mortgage company, loan servicer, payee or investor, and the receiving party, the mortgage insurer.

   2. 0400 · N2 · Additional Name Information · Max 1 · Optional

      To specify additional names

   3. 0500 · N3 · Address Information · Max 1 · Optional

      To specify the location of the named party

   4. 0600 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   5. 0700 · REF · Reference Identification · Max 1 · Optional

      To specify identifying information

      The REF segment contains an additional supplemental reference number that identifies only the sender.

   6. 0800 · PER · Administrative Communications Contact · Max 1 · Optional

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

Detail

1. 0200 Loop Mandatory Repeat >1

   1. 0100 · CSI · Claim Status Information · Max 1 · Mandatory

      To indicate the status of a claim for mortgage insurance benefits

      The CSI segment identifies the status of the subject claim within the claim process and provides the date associated with that status.

   2. 0200 · NM1 · Individual or Organizational Name · Max 2 · Mandatory

      To supply the full name of an individual or organizational entity

      Loop 0200 contains essential information about the subject real estate property. The NM1 segment provides the name of the mortgagor(s).

   3. 0300 · REF · Reference Identification · Max 6 · Mandatory

      To specify identifying information

      The REF segment contains reference numbers that are case-specific.

   4. 0400 · N3 · Address Information · Max 1 · Mandatory

      To specify the location of the named party

      The N3 and N4 segments refer to the location of the real estate property.

   5. 0500 · N4 · Geographic Location · Max 1 · Mandatory

      To specify the geographic place of the named party

   6. 0600 · DTP · Date or Time or Period · Max 2 · Optional

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

   7. 0700 · INT · Interest · Max 24 · Optional

      To specify interest rate and type and the applicable time period

   8. 0800 · MIR · Mortgage Insurance Response · Max 1 · Optional

      To determine if mortgage insurance has been approved or declined, and if approved, supply details about the coverage

   9. 0850 · PER · Administrative Communications Contact · Max 5 · Optional

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

   10. 0860 · PCT · Percent Amounts · Max 1 · Optional

       To qualify percent amounts and supply percent amounts

   11. 0900 · NTE · Note/Special Instruction · Max 30 · Optional

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

   12. 0210 Loop Optional Repeat 1

       1. 1000 · DFI · Default Information · Max 1 · Mandatory

          To specify mortgage loan default information

       2. 1100 · DTP · Date or Time or Period · Max 19 · Mandatory

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

       3. 1200 · AMT · Monetary Amount · Max 4 · Mandatory

          To indicate the total monetary amount

   13. 0220 Loop Optional Repeat 1

       1. 1300 · REC · Real Estate Condition · Max 1 · Mandatory

          To indicate the condition of real estate property and, if applicable, the actions needed to correct damage

       2. 1400 · AMT · Monetary Amount · Max 6 · Optional

          To indicate the total monetary amount

       3. 1500 · DTP · Date or Time or Period · Max 4 · Optional

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

       4. 0221 Loop Optional Repeat 1

          1. 1600 · FCL · Foreclosure · Max 1 · Mandatory

             To specify legal outcome and impact of foreclosure on a lender's claim for mortgage insurance benefits

          2. 1700 · DTP · Date or Time or Period · Max 5 · Optional

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

   14. 0230 Loop Optional Repeat 100

       1. 1800 · FIS · Mortgage Loan Fiscal Data · Max 1 · Mandatory

          To specify mortgage loan fiscal data when applying for insurance claim benefits

          The 0230 loop will provide information on mortgage loan fiscal data, such as the fiscal data item name, the credit, debit, and interest amounts associated with the fiscal data item, and the date or time period covered.

       2. 1900 · DTP · Date or Time or Period · Max 1 · Optional

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

       3. 1950 · MSG · Message Text · Max 1 · Optional

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

2. 2000 · 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)