BFS Borrower Financial Summary

To provide summary totals for borrower's financial position

Position: BFS-01 · Element: 122 · Name: Rate/Value Qualifier · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: 1

Code identifying how to extend charges or interpret value

C0102: If BFS-01 is present, then BFS-02 is required

BFS01 defines period for income total.

Position: BFS-02 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

BFS02 defines borrower income amount.

Position: BFS-03 · Element: 122 · Name: Rate/Value Qualifier · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: 1

Code identifying how to extend charges or interpret value

C0304: If BFS-03 is present, then BFS-04 is required

BFS03 defines period for expense total.

Position: BFS-04 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

BFS04 defines borrower expense amount.

Position: BFS-05 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 8 · Max: 8 · Repeat: 1

Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year

C0506: If BFS-05 is present, then BFS-06 is required

BFS05 defines asset total effective date.

Position: BFS-06 · Element: 782 · Name: Monetary Amount · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 18 · Repeat: 1

Monetary amount

BFS06 defines borrower asset total.

Position: BFS-07 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 8 · Max: 8 · Repeat: 1

Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year

C0708: If BFS-07 is present, then BFS-08 is required

BFS07 defines borrower liability total effective date.

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

Monetary amount

BFS08 defines borrower liability total.

Position: BFS-09 · Element: 1186 · Name: Type of Income Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: 1

Code specifying the nature or source of income

BFS09 is used to state the source of borrower income.

Position: BFS-10 · 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

BFS10 defines if the borrower is a non-occupant. A "Y" indicates the borrower is a non-occupant; an "N" indicates the borrower is an occupant.