MII Mortgage Insurance Information

To provide the type and extent of mortgage insurance

Position: MII-01 · Element: 1097 · Name: Mortgage Insurance Application Type · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code identifying the type of Mortgage Insurance application

Position: MII-02 · Element: 1098 · Name: Mortgage Insurance Premium Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the type of the initial mortgage insurance premium

MII02 describes the source of the mortgage insurance premium.

If MII02 equals "F" (Financed), then MII08 is the amount of premium financed.

Position: MII-03 · Element: 1073 · Name: Yes/No Condition or Response Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating a Yes or No condition or response

MII03 defines if mortgage insurance premium is refundable. A "Y" indicates it is refundable; an "N" indicates it is not.

Position: MII-04 · Element: 1099 · Name: Mortgage Insurance Certificate Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both

MII04 defines the type of mortgage insurance certificate.

Position: MII-05 · Element: 1100 · Name: Mortgage Insurance Coverage Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the nature of the Mortgage Insurance coverage

MII05 defines the nature of the mortgage insurance coverage.

If MII05 is NOT equal to "03" (Pool), then MII13 is the percent coverage.

Position: MII-06 · Element: 1105 · Name: Mortgage Insurance Duration Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the method of determining the duration of the initial insurance policy

MII06 defines the insurance duration code.

Position: MII-07 · Element: 1102 · Name: Mortgage Insurance Renewal Option Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the type of renewal option for Mortgage Insurance

MII07 defines the method of calculating renewal premiums.

Position: MII-08 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

Position: MII-09 · Element: 128 · Name: Reference Identification Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 3 · Repeat: 1

Code qualifying the Reference Identification

P0910: If either MII-09 or MII-10 is present, then the other is required

MII09 defines the reference code for mortgage insurer pool.

Position: MII-10 · Element: 127 · Name: Reference Identification · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 50 · Repeat: 1

Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier

MII10 is the value of the mortgage insurance pool identifier.

Position: MII-11 · Element: 235 · Name: Product/Service ID Qualifier · Type: Identifier (ID) · Requirement: Conditional · Min: 2 · Max: 2 · Repeat: 1

Code identifying the type/source of the descriptive number used in Product/Service ID (234)

P1112: If either MII-11 or MII-12 is present, then the other is required

MII11 defines the mortgage insurance product code source.

Position: MII-12 · Element: 234 · Name: Product/Service ID · Type: String (AN) · Requirement: Conditional · Min: 1 · Max: 48 · Repeat: 1

Identifying number for a product or service

MII12 is the mortgage insurance product identifier value.

Position: MII-13 · Element: 954 · Name: Percentage as Decimal · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: 1

Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)

MII-14 C001 Composite Unit of Measure Composite (composite) Conditional 1

Position: 01 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 02 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-02 is not used, its value is to be interpreted as 1.

Position: 03 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Value to be used as a multiplier to obtain a new value

If C001-03 is not used, its value is to be interpreted as 1.

Position: 04 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 05 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-05 is not used, its value is to be interpreted as 1.

Position: 06 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Value to be used as a multiplier to obtain a new value

If C001-06 is not used, its value is to be interpreted as 1.

Position: 07 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 08 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-08 is not used, its value is to be interpreted as 1.

Position: 09 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Value to be used as a multiplier to obtain a new value

If C001-09 is not used, its value is to be interpreted as 1.

Position: 10 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 11 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-11 is not used, its value is to be interpreted as 1.

Position: 12 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Value to be used as a multiplier to obtain a new value

If C001-12 is not used, its value is to be interpreted as 1.

Position: 13 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 14 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-14 is not used, its value is to be interpreted as 1.

Position: 15 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

Value to be used as a multiplier to obtain a new value

If C001-15 is not used, its value is to be interpreted as 1.

Position: MII-15 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 15 · Repeat: 1

Numeric value of quantity

MII15 defines number of time periods for insurance duration.