EDI 201 Residential Loan Application

Functional Group ME

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Residential Loan Application Transaction Set (201) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to transfer the data contained in the Uniform Residential Loan Application between mortgage lenders, mortgage service vendors, insurance companies, credit reporting agencies and secondary market organizations. It can also be used, in conjunction with other transaction sets, to provide information needed to obtain an automated underwriting decision from a residential real estate automated underwriting system.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set

  3. N1 Loop Mandatory
    Repeat 5
    1. To identify a party by type of organization, name, and code

      The N1 loop identifies the sending and receiving parties such as the mortgage company, loan broker, service bureau mortgage insurer, etc.
    2. To specify additional names

    3. To specify the location of the named party

    4. To specify the geographic place of the named party

    5. To specify identifying information

    6. To identify a person or office to whom administrative communications should be directed

Detail

Position
Segment
Name
Max use
  1. LRQ Loop Mandatory
    Repeat >1
    1. To describe the characteristics of a mortgage requested by the applicant(s)

      The LRQ loop contains requested loan, borrower and subject property information. One iteration equals one loan application.
    2. To specify identifying information

    3. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

      The YNQ segment is used to determine whether or not improvements have been made, whether or not they are complete, or whether or not the mortgage is eligible for a special mortgage program.
    4. To identify a party by type of organization, name, and code

    5. To specify additional names

    6. To report information

    7. To specify any or all of a date, a time, or a time period

    8. To provide the type, source, and amount of real estate sales price changes

    9. To provide details about loan settlement

    10. To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property

    11. To transmit information in a free-form format, if necessary, for comment or special instruction

    12. To specify basic item identification data

    13. To identify the type and location of borrower education provided

    14. NX1 Loop Optional
      Repeat 10
      1. To define the attributes of a property or an entity

        The NX1 loop contains information about the subject property.
      2. To define types and values of a geographic location

      3. To provide a description of real estate or general property information

      4. To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

      5. To describe real estate property by boundary lines with their terminal points and angles; this segment defines legal boundaries of real estate property

      6. To specify quantity information

      7. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

        The YNQ segment is used to describe specific subject property attributes. (e.g. Is this an energy efficient home? Is the property in a government approved condominium project?)
    15. PEX Loop Mandatory
      Repeat 20
      1. To provide housing expense information

        The PEX loop provides the proposed monthly housing expenses.
      2. To provide a free-form format that allows the transmission of text information

    16. AMT Loop Optional
      Repeat >1
      1. To indicate the total monetary amount

        The AMT loop contains financing terms, refinance and construction loan information.
      2. To provide a free-form format that allows the transmission of text information

      3. To qualify percent amounts and supply percent amounts

    17. IN1 Loop Mandatory
      Repeat 15
      1. To provide identification of an individual or entity

        The IN1 loop identifies the borrower(s) and their asset and liability information.
      2. To sequence individual name components for maximum specificity

      3. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

      4. To specify any or all of a date, a time, or a time period

      5. To specify identifying information

      6. To indicate the total monetary amount

      7. To supply demographic information

      8. To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value

      9. To provide a free-form format that allows the transmission of text information

      10. To identify a person or office to whom administrative communications should be directed

      11. To specify quantity information

      12. To capture the first time home buyer information found in section of the Loan Application

      13. To provide details of personal property

      14. AIN Loop Optional
        Repeat >1
        1. To provide type and amount of income obtained

          The AIN loop provides information about the borrower's income.
        2. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

          The YNQ segment determines the income's relationship to its source or the taxability of the income. A "Y" means that the income is from a primary source or is taxable. A "N" means the income is from a secondary source or is not taxable.
      15. PEX Loop Optional
        Repeat 20
        1. To provide housing expense information

          The PEX loop provides current housing expense information.
        2. To provide a free-form format that allows the transmission of text information

      16. NX1 Loop Optional
        Repeat 10
        1. To define the attributes of a property or an entity

          The NX1 loop provides the applicant's current and previous residence information.
        2. To define types and values of a geographic location

        3. To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value

        4. To provide type of residency

      17. N1 Loop Optional
        Repeat 20
        1. To identify a party by type of organization, name, and code

          The N1 loop provides the applicant's current and previous employment information.
        2. To specify additional names

        3. To specify the location of the named party

        4. To specify the geographic place of the named party

        5. To identify a person or office to whom administrative communications should be directed

        6. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

          The YNQ segment determines whether or not a borrower is self employed. A "Y" indicates that the borrower is self employed.
        7. To describe employment position

        8. To specify quantity information

        9. To indicate the total monetary amount

      18. REA Loop Optional
        Repeat 20
        1. To provide a description of real estate or general property information

          The REA loop provides information about other properties owned.
        2. To indicate the total monetary amount

        3. To define the attributes of a property or an entity

        4. To define types and values of a geographic location

      19. NM1 Loop Optional
        Repeat 20
        1. To supply the full name of an individual or organizational entity

          The NM1 loop provides alias information used to obtain credit.
        2. To specify account information

      20. CDA Loop Optional
        Repeat 100
        1. To provide duration, amount and associated information on consumer credit accounts

          The CDA loop provides consumer credit account information.
        2. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

          The YNQ segment determines whether or not a liability will be satisfied by the sale of owned real estate or by refinancing a current loan, if the liability has a co-signer, or if the liability is subordinated. A "Y" means that the liability will be satisfied by a sale or refinance, that the liability has a co-signer, or that the liability is resubordinated.
        3. To identify a party by type of organization, name, and code

        4. To specify additional names

        5. To specify the location of the named party

        6. To specify the geographic place of the named party

        7. To identify a person or office to whom administrative communications should be directed

        8. To supply information on conditions

      21. FAA Loop Optional
        Repeat 100
        1. To provide duration, amount and associated information on financial assets

          The FAA loop provides financial asset information.
        2. To identify a party by type of organization, name, and code

        3. To specify additional names

        4. To specify the location of the named party

        5. To specify the geographic place of the named party

        6. To identify a person or office to whom administrative communications should be directed

        7. To provide a free-form format that allows the transmission of text information

      22. To indicate that the next segment begins a loop

      23. AMT Loop Optional
        Repeat 10
        1. To indicate the total monetary amount

          The AMT loop provides alimony and child support income and expense information along with job related, liability, and other expense information.
        2. To provide a free-form format that allows the transmission of text information

        3. To specify quantity information

        4. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

          The YNQ segment determines how the Federal Housing Administration (FHA) treats alimony in the home purchase process. A "Y" indicates that alimony will be treated as a reduction to total income. A "N" indicates that alimony will be included in the aggregate of obligations.
      24. To indicate that the loop immediately preceding this segment is complete

    18. LX Loop Mandatory
      Repeat >1
      1. To reference a line number in a transaction set

        The LX loop contains information about the interviewer who obtained the loan application data and other parties to the real estate transaction.
      2. To identify a party by type of organization, name, and code

      3. To specify additional names

      4. To specify the location of the named party

      5. To specify the geographic place of the named party

      6. To identify a person or office to whom administrative communications should be directed

      7. To specify any or all of a date, a time, or a time period

  2. To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

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