MIR Mortgage Insurance Response
To determine if mortgage insurance has been approved or declined, and if approved, supply details about the coverage
Position
Element
Name
Type
Requirement
Min
Max
Repeat
Code identifying the type of Mortgage Insurance application
Code indicating the decision made by the underwriter
Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
MIR04 defines the certificate of insurance number.
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
MIR05 defines the percentage of the premium of the initial term.
Monetary amount
MIR06 defines the amount of the premium of the initial term.
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Power to which a unit is raised
If C001-02 is not used, its value is to be interpreted as 1.
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.
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Power to which a unit is raised
If C001-05 is not used, its value is to be interpreted as 1.
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.
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Power to which a unit is raised
If C001-08 is not used, its value is to be interpreted as 1.
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.
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Power to which a unit is raised
If C001-11 is not used, its value is to be interpreted as 1.
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.
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Power to which a unit is raised
If C001-14 is not used, its value is to be interpreted as 1.
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.
Numeric value of quantity
MIR08 defines the term of the mortgage insurance coverage as either a period of time or as a percentage of the loan outstanding when compared to the value of the property.
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
MIR09 defines the amount of mortgage insurance as a percentage.
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
MIR10 defines the loan-to-value (LTV) ratio at the time of loan origination.
Loan-to-value ratio is the percentage of the loan outstanding when compared to the value of the property.
Code indicating the type of renewal option for Mortgage Insurance
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
MIR12 defines the expiration date of the proposed coverage.