EDI

API DocsTerminal
NEW!
Programmatically translate EDI to JSON with the EDI Core REST API
Get started in minutes →
Transaction Set
in
X12 Release 008010

263 Residential Mortgage Insurance Application Response

Functional Group ME

This X12 Transaction Set contains the format and establishes the data contents of the Residential Mortgage Insurance Application Response Transaction Set (263) for use within the context of an Electronic Data Interchange (EDI) environment. This standard is used by a mortgage insurance company to communicate the receipt and disposition of a Residential Mortgage Insurance Application Transaction Set (872). It will be used to provide the mortgage originator with the results of the insurance application and, if accepted, will provide basic information about the insurance coverage. It can also be used to confirm certification of coverage. It is not intended to replace the legal commitment (Certificate of Coverage of Insurance) which will continue to be delivered in its current form.

Heading

Sequence
Segment
Name
Max use
0100
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
0200
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
0300
Party IdentificationMandatory
Max 2
To identify a party by type of organization, name, and code
The N1 segment is used to identify the mortgage insurer and the organization initiating the Mortgage Insurance Application.

Detail

Sequence
Segment
Name
Max use
LX Loop
Repeat >1
0100
Transaction Set Line NumberMandatory
Max 1
To reference a line number in a transaction set
0200
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
The N1 segment is used to identify the name and possibly the identification of the insured.
REF Loop
Repeat >1
0300
Reference InformationMandatory
Max 1
To specify identifying information
The REF segment is used to identify the loan number.
0400
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
The N1 segment is used to identify the borrower's name or social security number, or both.
0500
Mortgage Insurance ResponseMandatory
Max 1
To determine if mortgage insurance has been approved or declined, and if approved, supply details about the coverage
The MIR segment contains the mortgage insurance company's response to the application for mortgage insurance. If accepted, it will contain information about premium and coverage.
0600
Tax Information
Max 5
To specify tax information
The TXI segment is used to report state tax due on the mortgage insurance.
0650
Extended Reference Information
Max 10
To transmit identifying information as specified by the Reference Identification Qualifier
0660
Mortgage Insurance Coverage
Max 1
To describe the type and extent of mortgage insurance
G63 Loop
Repeat >1
0700
Period
Max 1
To define the billing periods
The G63 segment is used to report the renewal time periods for the mortgage insurance.
0800
Percent Amounts
Max 1
To qualify percent amounts and supply percent amounts
The PCT segment contains the premium rate used to calculate the renewal premium.
0900
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.