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Segment
in
X12 Release 003030

MIR Mortgage Insurance Response

To determine if mortgage insurance has been approved or declined, and if approved, supply details about the coverage
Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
01
1097
Mortgage Insurance Application Type
Identifier (ID)
Mandatory
1
1
-
Code identifying the type of Mortgage Insurance application.
Codes (4)
02
Underwriting Decision Code
Identifier (ID)
Mandatory
1
1
-
Code indicating the decision made by the underwriter
Codes (5)
03
Mortgage Insurance Certificate Type Code
Identifier (ID)
Optional
1
1
-
Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both.
Codes (3)
04
Reference Number
String (AN)
Optional
1
30
-
Reference number or identification number as defined for a particular Transaction Set, or as specified by the Reference Number Qualifier.
MIR04 defines the certificate of insurance number.
05
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
MIR05 defines the percentage of the premium of the initial term.
06
Amount
N2
Optional
1
9
-
Monetary amount.
MIR06 defines the amount of the premium of the initial term.
07
Unit or Basis for Measurement Code
Identifier (ID)
Conditional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
P0708
MIR07 defines the unit of measure for the term of the mortgage insurance.
Codes (682)
08
Quantity
Decimal number (R)
Conditional
1
15
-
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.
09
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
MIR09 defines the amount of mortgage insurance as a percentage.
10
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
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.
11
Mortgage Insurance Renewal Option Code
Identifier (ID)
Optional
1
1
-
Code indicating the type of renewal option for Mortgage Insurance.
Codes (3)
12
Date
Date (DT)
Optional
6
6
-
Date (YYMMDD).
MIR12 defines the expiration date of the proposed coverage.
Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.
Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.