EDI 205 Mortgage Note

Functional Group MN

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Mortgage Note Transaction Set (205) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by mortgage originators, settlement agents, warehouse lenders, document custodians, secondary market entities and other industry participants to exchange the data comprising the mortgage note and mortgage characteristics.

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. NM1 Loop Mandatory Repeat 5

   1. 0400 · NM1 · Individual or Organizational Name · Max 1 · Mandatory

      To supply the full name of an individual or organizational entity

   2. 0500 · N2 · Additional Name Information · Max 2 · Optional

      To specify additional names

   3. 0600 · N3 · Party Location · Max 2 · Optional

      To specify the location of the named party

   4. 0700 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   5. 0800 · PER · Administrative Communications Contact · Max 2 · Optional

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

   6. 0900 · REF · Reference Information · Max 4 · Optional

      To specify identifying information

Detail

1. MNC Loop Mandatory Repeat >1

   1. 0100 · MNC · Mortgage Note Characteristics · Max 1 · Mandatory

      To provide detailed characteristics information of a mortgage note

   2. 0200 · SOM · Status of Mortgage · Max 1 · Optional

      To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property

   3. 0300 · REF · Reference Information · Max 20 · Optional

      To specify identifying information

   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. 0500 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   6. 0600 · INT · Interest · Max 2 · Optional

      To specify interest rate and type and the applicable time period

   7. 0700 · PCT · Percent Amounts · Max 10 · Optional

      To qualify percent amounts and supply percent amounts

   8. 0800 · AMT · Monetary Amount Information · Max 10 · Optional

      To indicate the total monetary amount

   9. 0900 · QTY · Quantity Information · Max 6 · Optional

      To specify quantity information

   10. 1000 · YNQ · Yes/No Question · Max 12 · 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 regarding the high level options associated with the mortgage note (e.g., assumable, convertible, etc.) and electronic mortgage registration (e.g., Consolidation, Extension, or Modification Agreement, or Metes and Bounds Legal Description).

   11. 1100 · III · Information · Max 12 · Optional

       To report information

   12. CDI Loop Optional Repeat >1

       1. 1200 · CDI · Change Detail Information · Max 1 · Mandatory

          To provide information on changes or adjustments

       2. LX Loop Optional Repeat >1

          1. 1300 · LX · Transaction Set Line Number · Max 1 · Mandatory

             To reference a line number in a transaction set

          2. 1400 · VDI · Value Description or Information · Max >1 · Optional

             To provide detailed description of a financial value

          3. 1500 · YNQ · Yes/No Question · Max 4 · 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 regarding the details for specific mortgage note options (e.g., fee required, interest only, prepayment restrictions, etc.)

          4. 1600 · AMT · Monetary Amount Information · Max 6 · Optional

             To indicate the total monetary amount

          5. 1700 · PCT · Percent Amounts · Max 6 · Optional

             To qualify percent amounts and supply percent amounts

          6. 1800 · DTP · Date or Time or Period · Max 5 · Optional

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

          7. 1900 · III · Information · Max 12 · Optional

             To report information

   13. IN1 Loop Mandatory Repeat >1

       1. 2000 · IN1 · Individual Identification · Max 1 · Mandatory

          To provide identification of an individual or entity

       2. 2100 · IN2 · Individual Name Structure Components · Max 10 · Optional

          To sequence individual name components for maximum specificity

       3. 2200 · PER · Administrative Communications Contact · Max 2 · Optional

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

       4. 2300 · REF · Reference Information · Max 15 · Optional

          To specify identifying information

       5. NX1 Loop Optional Repeat >1

          1. 2400 · NX1 · Property or Entity Identification · Max 1 · Mandatory

             To define the attributes of a property or an entity

          2. 2500 · NX2 · Location ID Component · Max >1 · Optional

             To define types and values of a geographic location

          3. 2600 · PDS · Property Description/Legal Description · Max >1 · Optional

             To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

Summary

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

   To transmit a hash total for a specific element in the transaction set

   Number of line items (CTT01) is the accumulation of the number of MNC segments.

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)