MII Mortgage Insurance Information

To provide the type and extent of mortgage insurance

Position
Element
Name
Type
Requirement
Min
Max
Repeat
MII-01
Mortgage Insurance Application Type
Identifier (ID)
Mandatory
1
1
-
Code identifying the type of Mortgage Insurance application.
MII-02
Mortgage Insurance Premium Source Code
Identifier (ID)
Optional
1
1
-
Code indicating whether Mortgage Insurance premium paid at settlement is financed.
MII02 describes the source of the mortgage insurance premium.
If MII02 = F (Financed), then MII08 is the amount of premium financed.
MII-03
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
MII03 defines if mortgage insurance premium is refundable. A ``Y'' indicates it is. A ``N'' indicates it is not.
MII-04
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.
MII04 defines the type of mortgage insurance certificate.
MII-05
Mortgage Insurance Coverage Type Code
Identifier (ID)
Optional
1
1
-
Code indicating the nature of the Mortgage Insurance coverage.
MII05 defines the nature of the mortgage insurance coverage.
If MII05 is NOT = 03 (Pool), then MII13 is the percent coverage.
MII-06
Mortgage Insurance Duration Code
Identifier (ID)
Optional
1
1
-
Code indicating the method of determining the duration of the initial insurance policy.
MII06 defines the insurance duration code.
MII-07
Mortgage Insurance Renewal Option Code
Identifier (ID)
Optional
1
1
-
Code indicating the type of renewal option for Mortgage Insurance.
MII07 defines the method of calculating renewal premiums.
MII-08
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
MII-09
Reference Number Qualifier
Identifier (ID)
Conditional
2
2
-
Code qualifying the Reference Number.
P0910: If either MII-09 or MII-10 is present, then the other is required
MII09 defines the reference code for mortgage insurer pool.
MII-10
Reference Number
String (AN)
Conditional
1
30
-
Reference number or identification number as defined for a particular Transaction Set, or as specified by the Reference Number Qualifier.
MII10 is the value of the mortgage insurance pool identifier.
MII-11
Product/Service ID Qualifier
Identifier (ID)
Conditional
2
2
-
Code identifying the type/source of the descriptive number used in Product/Service ID (234).
P1112: If either MII-11 or MII-12 is present, then the other is required
MII11 defines the mortgage insurance product code source.
MII-12
Product/Service ID
String (AN)
Conditional
1
40
-
Identifying number for a product or service.
MII12 is the mortgage insurance product identifier value.
MII-13
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
MII-14
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
P1415: If either MII-14 or MII-15 is present, then the other is required
MII14 defines a period of time.
MII-15
Quantity
Decimal number (R)
Conditional
1
15
-
Numeric value of quantity.
MII15 defines number of time periods for insurance duration.

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