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Segment
in
X12 Release 008010

MIR Mortgage Insurance Response

To determine if mortgage insurance has been approved or declined, and if approved, supply details about the coverage
Sequence
Element
Name
Type
Requirement
Min
Max
Repeat
01
1097
Mortgage Insurance Application Type Code
Identifier (ID)
Mandatory
1
1
1
Code identifying the type of Mortgage Insurance application
Codes (4)
02
Underwriting Decision Code
Identifier (ID)
Mandatory
1
1
1
Code indicating the decision made by the underwriter
Codes (7)
03
Mortgage Insurance Certificate Type Code
Identifier (ID)
Optional
1
1
1
Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both
Codes (4)
04
Reference Identification
String (AN)
Optional
1
80
1
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
MIR04 defines the certificate of insurance number.
05
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
MIR05 defines the percentage of the premium of the initial term.
06
Amount
N2
Optional
1
15
1
Monetary amount
MIR06 defines the amount of the premium of the initial term.
07
Composite Unit of Measure
Composite (composite)
Conditional
1
01
Unit or Basis for Measurement Code
Identifier (ID)
Mandatory
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Codes (925)
02
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-02 is not used, its value is to be interpreted as 1.
03
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-03 is not used, its value is to be interpreted as 1.
04
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Codes (925)
05
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-05 is not used, its value is to be interpreted as 1.
06
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-06 is not used, its value is to be interpreted as 1.
07
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Codes (925)
08
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-08 is not used, its value is to be interpreted as 1.
09
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-09 is not used, its value is to be interpreted as 1.
10
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Codes (925)
11
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-11 is not used, its value is to be interpreted as 1.
12
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-12 is not used, its value is to be interpreted as 1.
13
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
Codes (925)
14
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-14 is not used, its value is to be interpreted as 1.
15
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-15 is not used, its value is to be interpreted as 1.
08
Quantity
Decimal number (R)
Conditional
1
15
1
Numeric value of quantity
MIR08 defines the term of the mortgage insurance coverage as either a period of time or as a percentage of the loan outstanding when compared to the value of the property.
09
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
MIR09 defines the amount of mortgage insurance as a percentage.
10
Percentage as Decimal
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)
MIR10 defines the loan-to-value (LTV) ratio at the time of loan origination. Loan-to-value ratio is the percentage of the loan outstanding when compared to the value of the property.
11
Mortgage Insurance Renewal Option Code
Identifier (ID)
Optional
1
1
1
Code indicating the type of renewal option for Mortgage Insurance
Codes (3)
12
Date
Date (DT)
Optional
8
8
1
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
MIR12 defines the expiration date of the proposed coverage.
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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.