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Transaction Set
in
X12 Release 004010

872 Residential Mortgage Insurance Application

Functional Group ME

This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Insurance Application Transaction Set (872) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by a mortgage originator to request mortgage insurance and provide supporting information needed to obtain a mortgage insurance commitment on one or several residential mortgage loans.

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
NameMandatory
Max 5
To identify a party by type of organization, name, and code
The N1 Segment identifies the transaction requestor and insuror entities.

Detail

Sequence
Segment
Name
Max use
LX Loop
Repeat >1
010
Assigned NumberMandatory
Max 1
To reference a line number in a transaction set
020
NameMandatory
Max 1
To identify a party by type of organization, name, and code
The N1 Segment identifies the insured entity.
030
Reference Identification
Max 12
To specify identifying information
LRQ Loop
Repeat >1
040
Mortgage Characteristics RequestedMandatory
Max 1
To describe the characteristics of a mortgage requested by the applicant(s)
The LRQ Loop contains information about the loan, borrower, property, and requested coverage.
050
Loan Specific DataMandatory
Max 1
To provide high-level information about a loan
060
Mortgage Loan Product DescriptionMandatory
Max 1
To describe terms of a mortgage product
070
Mortgage Insurance CoverageMandatory
Max 5
To describe the type and extent of mortgage insurance
080
Administrative Communications Contact
Max 5
To identify a person or office to whom administrative communications should be directed
090
Reference Identification
Max 10
To specify identifying information
100
Property or Housing Expense
Max 20
To provide housing expense information
110
Down Payment Data
Max 5
To provide amount or nature of loan down payment
120
Adjustable Payment Description
Max 1
To provide the terms of payment adjustment
130
Adjustable Rate Description
Max 1
To describe terms of rate adjustment
SCM Loop
Repeat 10
140
Credit Score Model
Max 1
To define the credit score model used and the related score
The SCM Loop contains scores which pertain to the entire loan.
150
Credit Score
Max 5
To identify evaluation factors used in determining an applicant's credit score
NX1 Loop
Repeat 5
160
Property or Entity IdentificationMandatory
Max 1
To define the attributes of a property or an entity
The NX1 Loop contains the address of the subject property.
170
Location ID ComponentMandatory
Max 30
To define types and values of a geographic location
PAS Loop
Repeat 5
180
Property Appraisal SummaryMandatory
Max 1
To provide high-level information about the property valuation
The PAS Loop contains the subject property's appraisal information.
190
Name
Max 2
To identify a party by type of organization, name, and code
200
Administrative Communications Contact
Max 10
To identify a person or office to whom administrative communications should be directed
210
Message Text
Max 10
To provide a free-form format that allows the transmission of text information
IN1 Loop
Repeat 12
220
Individual IdentificationMandatory
Max 1
To provide identification of an individual or entity
The IN1 Loop contains information about the Borrower(s).
230
Individual Name Structure ComponentsMandatory
Max 10
To sequence individual name components for maximum specificity
240
Yes/No Question
Max 5
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
250
Demographic Information
Max 1
To supply demographic information
260
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
270
Quantity and Description
Max 1
To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value
280
Borrower Financial Summary
Max 1
To provide summary totals for borrower's financial position
SCM Loop
Repeat 10
290
Credit Score Model
Max 1
To define the credit score model used and the related score
The SCM Loop contains scores for the individual borrower defined in the IN1 Loop.
300
Credit Score
Max 5
To identify evaluation factors used in determining an applicant's credit score
NX1 Loop
Repeat 10
310
Property or Entity Identification
Max 1
To define the attributes of a property or an entity
The NX1 Loop contains current and previous address information for the borrower defined in the IN1 Loop.
320
Location ID ComponentMandatory
Max 30
To define types and values of a geographic location
330
Quantity and Description
Max 1
To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value
340
Applicant Residence Specifics
Max 1
To provide type of residency
REA Loop
Repeat 1
350
Real Estate Property Information
Max 1
To provide a description of real estate or general property information
The REA Loop contains general information about the subject property.
360
Monetary Amount
Max 10
To indicate the total monetary amount
MCD Loop
Repeat 1
370
Mortgage Closing Data
Max 1
To provide details about loan settlement
The MCD Loop contains mortgage loan closing information.
380
Monetary Amount
Max 10
To indicate the total monetary amount
BUY Loop
Repeat 20
390
Loan Buydown
Max 1
To describe the features of a loan buydown
The BUY Loop defines mortgage loan buydown specifics if applicable.
400
Temporary Buydown Adjustment
Max 10
To indicate amount or period of temporary buydown adjustment
PRJ Loop
Repeat 1
410
Multifamily Housing Project
Max 1
To describe attributes of a multifamily housing project
The PRJ Loop contains multifamily housing project information about the subject property.
420
Administrative Communications Contact
Max 10
To identify a person or office to whom administrative communications should be directed
430
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.