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Transaction Set
in
X12 Release 004010

205 Mortgage Note

Functional Group MN

This Draft Standard for Trial Use 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

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
NM1 Loop
Repeat 5
040
Individual or Organizational NameMandatory
Max 1
To supply the full name of an individual or organizational entity
050
Additional Name Information
Max 2
To specify additional names or those longer than 35 characters in length
060
Address Information
Max 2
To specify the location of the named party
070
Geographic Location
Max 1
To specify the geographic place of the named party
080
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed
090
Reference Identification
Max 4
To specify identifying information

Detail

Sequence
Segment
Name
Max use
MNC Loop
Repeat >1
010
Mortgage Note CharacteristicsMandatory
Max 1
To provide detailed characteristics information of a mortgage note
020
Status of Mortgage
Max 1
To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property
030
Reference Identification
Max 20
To specify identifying information
040
Date or Time or Period
Max >1
To specify any or all of a date, a time, or a time period
050
Geographic Location
Max 1
To specify the geographic place of the named party
060
Interest
Max 2
To specify interest rate and type and the applicable time period
070
Percent Amounts
Max 10
To qualify percent amounts and supply percent amounts
080
Monetary Amount
Max 10
To indicate the total monetary amount
090
Quantity
Max 6
To specify quantity information
100
Yes/No Question
Max 12
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).
110
Information
Max 12
To report information
CDI Loop
Repeat >1
120
Change Detail Information
Max 1
To provide information on changes or adjustments
LX Loop
Repeat >1
130
Assigned Number
Max 1
To reference a line number in a transaction set
140
Value Description or Information
Max >1
To provide detailed description of a financial value
150
Yes/No Question
Max 4
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.)
160
Monetary Amount
Max 6
To indicate the total monetary amount
170
Percent Amounts
Max 6
To qualify percent amounts and supply percent amounts
180
Date or Time or Period
Max 5
To specify any or all of a date, a time, or a time period
190
Information
Max 12
To report information
IN1 Loop
Repeat >1
200
Individual IdentificationMandatory
Max 1
To provide identification of an individual or entity
210
Individual Name Structure Components
Max 10
To sequence individual name components for maximum specificity
220
Administrative Communications Contact
Max 2
To identify a person or office to whom administrative communications should be directed
230
Reference Identification
Max 15
To specify identifying information
NX1 Loop
Repeat >1
240
Property or Entity Identification
Max 1
To define the attributes of a property or an entity
250
Location ID Component
Max >1
To define types and values of a geographic location
260
Property Description/Legal Description
Max >1
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

Summary

Sequence
Segment
Name
Max use
010
Transaction Totals
Max 1
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.
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.