LN1 Loan Specific Data

To provide high-level information about a loan

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Position

Element

Name

Type

Requirement

Min

Max

Repeat

Monetary Amount

Decimal number (R)

Mandatory

1

18

1

Monetary amount

LN101 is the unpaid principal balance of the loan.

Lien Priority Code

Identifier (ID)

Mandatory

1

1

1

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.

Real Estate Loan Type Code

Identifier (ID)

Mandatory

1

1

1

Code identifying the loan product category

LN103 defines the real estate loan type.

Monetary Amount

Decimal number (R)

Optional

1

18

1

Monetary amount

LN104 is the initial or original principal balance.

Percentage as Decimal

Decimal number (R)

Optional

1

10

1

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

LN105 is the current loan note rate.

Percentage as Decimal

Decimal number (R)

Optional

1

10

1

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

LN106 defines the loan-to-value ratio.

Rate/Value Qualifier

Identifier (ID)

Conditional

2

2

1

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

Decimal number (R)

Conditional

1

18

1

Monetary amount

LN108 is the current periodic principal and interest payment.

Real Estate Loan Security Instrument Code

Identifier (ID)

Optional

1

1

1

Code indicating type of security instrument

LN109 defines the security instrument, such as a mortgage or a deed.

Loan Documentation Type Code

Identifier (ID)

Optional

1

1

1

Code indicating type of documentation used in underwriting the loan

LN110 defines underwriting documentation requirements.

Loan Rate Type Code

Identifier (ID)

Optional

1

1

1

Code indicating the characteristics of the loan rate

LN111 defines the interest rate characteristics for the loan.

Yes/No Condition or Response Code

Identifier (ID)

Optional

1

1

1

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

String (AN)

Optional

1

35

1

Account number assigned

LN113 is the lender's account number.

Percentage as Decimal

Decimal number (R)

Optional

1

10

1

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

LN114 is the initial or original payment rate.

Percentage as Decimal

Decimal number (R)

Optional

1

10

1

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

LN115 is the rate used by the lender to qualify the loan.

Date Time Period Format Qualifier

Identifier (ID)

Conditional

2

3

1

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.

Date Time Period

String (AN)

Conditional

1

35

1

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.

Date Time Period

String (AN)

Conditional

1

35

1

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.

Date Time Period

String (AN)

Conditional

1

35

1

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.

Date Time Period

String (AN)

Conditional

1

35

1

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.

Date Time Period

String (AN)

Conditional

1

35

1

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

Decimal number (R)

Optional

1

18

1

Monetary amount

LN122 is the amount of other or additional financing.

Monetary Amount

Decimal number (R)

Optional

1

18

1

Monetary amount

LN123 is the current balance of negative amortization.