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Transaction Set
in
X12 Release 004010

202 Secondary Mortgage Market Loan Delivery

Functional Group MJ

This Draft Standard for Trial Use contains the format and establishes the data contents of the Secondary Mortgage Market Loan Delivery Transaction Set (202) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to report mortgage loan information (i.e., borrower, property, underwriting information, etc.) among mortgage lenders, mortgage service vendors, and secondary mortgage market organizations.

Heading

Sequence
Segment
Name
Max use
010
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
020
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
030
Trace
Max 1
To uniquely identify a transaction to an application
040
Date or Time or Period
Max 1
To specify any or all of a date, a time, or a time period
N1 Loop
Repeat 5
050
Name
Max 1
To identify a party by type of organization, name, and code
The N1 Loop is used to identify the sender and receiver information.
060
Additional Name Information
Max 1
To specify additional names or those longer than 35 characters in length
070
Address Information
Max 2
To specify the location of the named party
080
Geographic Location
Max 1
To specify the geographic place of the named party
090
Reference Identification
Max 3
To specify identifying information
100
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed

Detail

Sequence
Segment
Name
Max use
N9 Loop
Repeat >1
010
Reference IdentificationMandatory
Max 1
To transmit identifying information as specified by the Reference Identification Qualifier
The N9 segment identifies the issuer reference number or originator of the mortgage reference number.
DEX Loop
Repeat >1
020
Delivery Execution InformationMandatory
Max 1
To provide loan delivery and contract information
The DEX Loop is used to report loan delivery execution and contract data for mortgage loans.
030
Reference IdentificationMandatory
Max 15
To specify identifying information
The REF segment identifies the subservicer number, master contract number, contract number, and pool number for the loans being delivered.
040
Contract Information
Max 1
To specify basic data about the contract or contract line item
050
Percent Amounts
Max 10
To qualify percent amounts and supply percent amounts
060
Interest
Max 10
To specify interest rate and type and the applicable time period
070
Monetary Amount
Max 4
To indicate the total monetary amount
080
Quantity
Max 5
To specify quantity information
The QTY segment is used to report contract information such as commitment period, contract buyup and buydown.
090
Mortgage Pool Program
Max 1
To identify mortgage pool types
The MPP segment identifies Government National Mortgage Association (GNMA) and Fannie Mae (FNMA) pool information.
100
Date or Time or Period
Max 10
To specify any or all of a date, a time, or a time period
110
Information
Max 15
To report information
ASM Loop
Repeat >1
120
Amount and Settlement Method
Max 1
Defines a participant's monetary commitment and settlement method
The ASM Loop is used to identify wire instructions, proceed amounts and account numbers associated with the contract or pool funding.
130
Name
Max 1
To identify a party by type of organization, name, and code
140
Reference Identification
Max 5
To specify identifying information
NM1 Loop
Repeat >1
150
Individual or Organizational NameMandatory
Max 1
To supply the full name of an individual or organizational entity
The NM1 segment identifies the document custodian of the mortgage.
LX Loop
Repeat >1
160
Assigned NumberMandatory
Max 1
To reference a line number in a transaction set
The LX Loop is used to identify mortgage loan level information.
170
Reference Identification
Max 15
To specify identifying information
180
Monetary Amount
Max 20
To indicate the total monetary amount
190
Date or Time or Period
Max 5
To specify any or all of a date, a time, or a time period
200
Yes/No Question
Max 10
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 about the loan such as third party originated, capitalized mortgage, property covered by flood insurance, etc.
210
Quantity
Max 5
To specify quantity information
The QTY segment is used to report the number of borrowers, guaranty fee rates, or buyup or buydown rates.
220
Name
Max 6
To identify a party by type of organization, name, and code
230
Information
Max 50
To report information
240
Loan Underwriting
Max 1
To identify the loan underwriting codes
250
Down Payment Data
Max 50
To provide amount or nature of loan down payment
260
Interest
Max 6
To specify interest rate and type and the applicable time period
270
Payment Pattern Details
Max 1
To identify the payment pattern of specific, credit-related items
280
Paperwork
Max 2
To identify the type or transmission or both of paperwork or supporting information
290
Loan Buydown
Max 1
To describe the features of a loan buydown
300
Property or Housing Expense
Max 10
To provide housing expense information
310
Borrower Education Program
Max 2
To identify the type and location of borrower education provided
IGI Loop
Repeat >1
320
Insurer or Guarantor Information
Max 1
To identify the mortgage insurer or guarantor and provide information about the insurance coverage
The IGI loop is used to identify information associated with mortgage insurance including the mortgage insurance certificate numbers.
330
Reference Identification
Max 1
To specify identifying information
340
Percent Amounts
Max 10
To qualify percent amounts and supply percent amounts
NX1 Loop
Repeat >1
350
Property or Entity Identification
Max 1
To define the attributes of a property or an entity
The NX1 loop is used to describe the characteristics of the subject property.
360
Location ID Component
Max 15
To define types and values of a geographic location
370
Real Estate Property Information
Max 1
To provide a description of real estate or general property information
380
Property Description/Legal Description
Max 2
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision
LN1 Loop
Repeat 5
390
Loan Specific Data
Max 1
To provide high-level information about a loan
The LN1 loop is used for high level and subordinate loan level information.
400
Yes/No Question
Max 1
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment identifies if a subject lien is involved.
410
Date or Time or Period
Max 5
To specify any or all of a date, a time, or a time period
420
Reference Identification
Max 10
To specify identifying information
CRC Loop
Repeat >1
430
Conditions Indicator
Max 1
To supply information on conditions
The CRC Loop is used to identify the borrower and co-borrower information at either the summary loan level or the individual borrower level.
440
Individual Identification
Max 1
To provide identification of an individual or entity
The IN1 segment identifies the borrower and co-borrower name.
450
Individual Name Structure Components
Max 30
To sequence individual name components for maximum specificity
460
Demographic Information
Max 1
To supply demographic information
470
Quantity
Max 10
To specify quantity information
The QTY segment is used to report borrower age, years employed by company, total other properties owned and financed, or total number of dependents.
480
Name
Max 1
To identify a party by type of organization, name, and code
490
Yes/No Question
Max 5
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment identifies whether the borrower is self employed or a non-occupant co-borrower.
500
Income
Max 10
To provide type and amount of income obtained
510
Monetary Amount
Max 15
To indicate the total monetary amount
SCM Loop
Repeat >1
520
Credit Score Model
Max 1
To define the credit score model used and the related score
The SCM loop is used to capture credit scoring information for borrower and co-borrower.
530
Credit Score
Max 5
To identify evaluation factors used in determining an applicant's credit score
PAM Loop
Repeat 4
540
Period Amount
Max 1
To indicate a quantity, and/or amount for an identified period
The PAM Loop is used to identify the number of bedrooms in each unit of the property and gross rental income per unit.
550
Yes/No QuestionMandatory
Max 1
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment determines whether the unit should be counted as an efficiency or studio.
560
Reference IdentificationMandatory
Max 1
To specify identifying information
UWI Loop
Repeat 5
570
Underwriting Information
Max 1
To identify the type of underwriting used to underwrite a mortgage loan
The UWI Loop is used to identify automated underwriting system information.
580
Information
Max 10
To report information
590
Reference Identification
Max 1
To specify identifying information
600
Message Text
Max >1
To provide a free-form format that allows the transmission of text information

Summary

Sequence
Segment
Name
Max use
010
Transaction Totals
Max 1
To transmit a hash total for a specific element in the transaction set
The CTT segment is used to provide summary information on the number of loans in delivery. It is the count of the number of iterations of the LX loop. Each LX loop defines a single loan.
020
Transaction Set TrailerMandatory
Max 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
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.