EDI 202 Secondary Mortgage Market Loan Delivery

Functional Group MJ

X12F Finance Subcommittee

This X12 Transaction Set 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

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. 0300 · TRN · Trace · Max 1 · Optional

   To uniquely identify a transaction to an application

4. 0400 · DTP · Date or Time or Period · Max 1 · Optional

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

5. N1 Loop Optional Repeat 5

   1. 0500 · N1 · Party Identification · Max 1 · Mandatory

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

      The N1 Loop is used to identify the sender and receiver information.

   2. 0600 · N2 · Additional Name Information · Max 1 · Optional

      To specify additional names

   3. 0700 · N3 · Party Location · Max 2 · Optional

      To specify the location of the named party

   4. 0800 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   5. 0900 · REF · Reference Information · Max 3 · Optional

      To specify identifying information

   6. 1000 · PER · Administrative Communications Contact · Max 2 · Optional

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

Detail

1. N9 Loop Mandatory Repeat >1

   1. 0100 · N9 · Extended Reference Information · Max 1 · Mandatory

      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. 0200 · DEX · Delivery Execution Information · Max 1 · Mandatory

         To provide loan delivery and contract information

         The DEX Loop is used to report loan delivery execution and contract data for mortgage loans.

      2. 0300 · REF · Reference Information · Max 15 · Mandatory

         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. 0400 · CN1 · Contract Information · Max 1 · Optional

         To specify basic data about the contract or contract line item

      4. 0500 · PCT · Percent Amounts · Max 10 · Optional

         To qualify percent amounts and supply percent amounts

      5. 0600 · INT · Interest · Max 10 · Optional

         To specify interest rate and type and the applicable time period

      6. 0700 · AMT · Monetary Amount Information · Max 4 · Optional

         To indicate the total monetary amount

      7. 0800 · QTY · Quantity Information · Max 5 · Optional

         To specify quantity information

         The QTY segment is used to report contract information such as commitment period, contract buyup and buydown.

      8. 0900 · MPP · Mortgage Pool Program · Max 1 · Optional

         To identify mortgage pool types

         The MPP segment identifies Government National Mortgage Association (GNMA) and Fannie Mae (FNMA) pool information.

      9. 1000 · DTP · Date or Time or Period · Max 10 · Optional

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

      10. 1100 · III · Information · Max 15 · Optional

          To report information

      11. ASM Loop Optional Repeat >1

          1. 1200 · ASM · Amount and Settlement Method · Max 1 · Mandatory

             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. 1300 · N1 · Party Identification · Max 1 · Optional

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

          3. 1400 · REF · Reference Information · Max 5 · Optional

             To specify identifying information

      12. NM1 Loop Mandatory Repeat >1

          1. 1500 · NM1 · Individual or Organizational Name · Max 1 · Mandatory

             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. 1600 · LX · Transaction Set Line Number · Max 1 · Mandatory

                To reference a line number in a transaction set

                The LX Loop is used to identify mortgage loan level information.

             2. 1700 · REF · Reference Information · Max 15 · Optional

                To specify identifying information

             3. 1800 · AMT · Monetary Amount Information · Max 20 · Optional

                To indicate the total monetary amount

             4. 1900 · DTP · Date or Time or Period · Max 5 · Optional

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

             5. 2000 · YNQ · Yes/No Question · Max 10 · Optional

                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. 2100 · QTY · Quantity Information · Max 5 · Optional

                To specify quantity information

                The QTY segment is used to report the number of borrowers, guaranty fee rates, or buyup or buydown rates.

             7. 2200 · N1 · Party Identification · Max 6 · Optional

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

             8. 2300 · III · Information · Max 50 · Optional

                To report information

             9. 2400 · LUC · Loan Underwriting · Max 1 · Optional

                To identify the loan underwriting codes

             10. 2500 · RLD · Down Payment Data · Max 50 · Optional

                 To provide amount or nature of loan down payment

             11. 2600 · INT · Interest · Max 6 · Optional

                 To specify interest rate and type and the applicable time period

             12. 2700 · PPD · Payment Pattern Details · Max 1 · Optional

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

             13. 2800 · PWK · Paperwork · Max 2 · Optional

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

             14. 2900 · BUY · Loan Buydown · Max 1 · Optional

                 To describe the features of a loan buydown

             15. 3000 · PEX · Property or Housing Expense · Max 10 · Optional

                 To provide housing expense information

             16. 3100 · BEP · Borrower Education Program · Max 2 · Optional

                 To identify the type and location of borrower education provided

             17. IGI Loop Optional Repeat >1

                 1. 3200 · IGI · Insurer or Guarantor Information · Max 1 · Mandatory

                    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. 3300 · REF · Reference Information · Max 1 · Optional

                    To specify identifying information

                 3. 3400 · PCT · Percent Amounts · Max 10 · Optional

                    To qualify percent amounts and supply percent amounts

             18. NX1 Loop Optional Repeat >1

                 1. 3500 · NX1 · Property or Entity Identification · Max 1 · Mandatory

                    To define the attributes of a property or an entity

                    The NX1 loop is used to describe the characteristics of the subject property.

                 2. 3600 · NX2 · Location ID Component · Max 15 · Optional

                    To define types and values of a geographic location

                 3. 3700 · REA · Real Estate Property Information · Max 1 · Optional

                    To provide a description of real estate or general property information

                 4. 3800 · PDS · Property Description/Legal Description · Max 2 · Optional

                    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. 3900 · LN1 · Loan Specific Data · Max 1 · Mandatory

                    To provide high-level information about a loan

                    The LN1 loop is used for high level and subordinate loan level information.

                 2. 4000 · YNQ · Yes/No Question · Max 1 · Optional

                    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. 4100 · DTP · Date or Time or Period · Max 5 · Optional

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

                 4. 4200 · REF · Reference Information · Max 10 · Optional

                    To specify identifying information

             20. CRC Loop Optional Repeat >1

                 1. 4300 · CRC · Conditions Indicator · Max 1 · Mandatory

                    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. 4400 · IN1 · Individual Identification · Max 1 · Optional

                    To provide identification of an individual or entity

                    The IN1 segment identifies the borrower and co-borrower name.

                 3. 4500 · IN2 · Individual Name Structure Components · Max 30 · Optional

                    To sequence individual name components for maximum specificity

                 4. 4600 · DMG · Demographic Information · Max 1 · Optional

                    To supply demographic information

                 5. 4700 · QTY · Quantity Information · Max 10 · Optional

                    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. 4800 · N1 · Party Identification · Max 1 · Optional

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

                 7. 4900 · YNQ · Yes/No Question · Max 5 · Optional

                    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. 5000 · AIN · Income · Max 10 · Optional

                    To provide type and amount of income obtained

                 9. 5100 · AMT · Monetary Amount Information · Max 15 · Optional

                    To indicate the total monetary amount

                 10. SCM Loop Optional Repeat >1

                     1. 5200 · SCM · Credit Score Model · Max 1 · Mandatory

                        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. 5300 · SCS · Credit Score · Max 5 · Optional

                        To identify evaluation factors used in determining an applicant's credit score

             21. PAM Loop Optional Repeat 4

                 1. 5400 · PAM · Period Amount · Max 1 · Mandatory

                    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. 5500 · YNQ · Yes/No Question · Max 1 · Mandatory

                    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. 5600 · REF · Reference Information · Max 1 · Mandatory

                    To specify identifying information

             22. UWI Loop Optional Repeat 5

                 1. 5700 · UWI · Underwriting Information · Max 1 · Mandatory

                    To identify the type of underwriting used to underwrite a mortgage loan

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

                 2. 5800 · III · Information · Max 10 · Optional

                    To report information

                 3. 5900 · REF · Reference Information · Max 1 · Optional

                    To specify identifying information

                 4. 6000 · MSG · Message Text · Max >1 · Optional

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

Summary

1. 0100 · CTT · Transaction Totals · Max 1 · Optional

   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. 0200 · 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)