BFS Borrower Financial Summary

To provide summary totals for borrower's financial position

Position
Element
Name
Type
Requirement
Min
Max
Repeat
BFS-01
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
-
Code qualifying how to extend charges or interpret value.
C0102: If BFS-01 is present, then BFS-02 is required
BFS01 defines period for income total.
BFS-02
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS02 defines borrower income amount.
BFS-03
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
-
Code qualifying how to extend charges or interpret value.
C0304: If BFS-03 is present, then BFS-04 is required
BFS03 defines period for expense total.
BFS-04
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS04 defines borrower expense amount.
BFS-05
Date
Date (DT)
Optional
6
6
-
Date (YYMMDD).
C0506: If BFS-05 is present, then BFS-06 is required
BFS05 defines asset total effective date.
BFS-06
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS06 defines borrower asset total.
BFS-07
Date
Date (DT)
Optional
6
6
-
Date (YYMMDD).
C0708: If BFS-07 is present, then BFS-08 is required
BFS07 defines borrower liability total effective date.
BFS-08
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
BFS08 defines borrower liability total.
BFS-09
Type of Income Code
Identifier (ID)
Optional
2
2
-
Code defining the nature or source of income.
BFS09 is used to state the source of borrower income.
BFS-10
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
BFS10 defines whether the borrower is a non-occupant. A ``Y'' indicates the borrower is a non-occupant. A ``N'' indicates the borrower is an occupant.

Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference is provided for marketing purposes and is 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.