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Transaction Set
in
X12 Release 008020

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

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
N1 Loop
Repeat 5
0300
Party IdentificationMandatory
Max 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.
0400
Additional Name Information
Max 2
To specify additional names
0500
Party Location
Max 2
To specify the location of the named party
0600
Geographic Location
Max 1
To specify the geographic place of the named party
0700
Reference Information
Max 1
To specify identifying information
0800
Administrative Communications Contact
Max 5
To identify a person or office to whom administrative communications should be directed

Detail

Sequence
Segment
Name
Max use
LRQ Loop
Repeat >1
0100
Mortgage Characteristics RequestedMandatory
Max 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.
0200
Reference InformationMandatory
Max >1
To specify identifying information
0300
Yes/No QuestionMandatory
Max >1
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.
0400
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
0500
Additional Name Information
Max 2
To specify additional names
0600
Information
Max >1
To report information
0700
Date or Time or Period
Max 1
To specify any or all of a date, a time, or a time period
0800
Real Estate Sales Price Change
Max >1
To provide the type, source, and amount of real estate sales price changes
0900
Mortgage Closing Data
Max 1
To provide details about loan settlement
0920
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
0950
Note/Special Instruction
Max >1
To transmit information in a free-form format, if necessary, for comment or special instruction
0960
Item Identification
Max >1
To specify basic item identification data
0970
Borrower Education Program
Max 1
To identify the type and location of borrower education provided
NX1 Loop
Repeat 10
1000
Property or Entity Identification
Max 1
To define the attributes of a property or an entity
The NX1 loop contains information about the subject property.
1100
Location ID ComponentMandatory
Max 30
To define types and values of a geographic location
1200
Real Estate Property Information
Max 1
To provide a description of real estate or general property information
1300
Property Description/Legal Description
Max 10
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision
1400
Property Metes and Bounds Description
Max 50
To describe real estate property by boundary lines with their terminal points and angles; this segment defines legal boundaries of real estate property
1410
Quantity Information
Max >1
To specify quantity information
1420
Yes/No Question
Max >1
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?)
PEX Loop
Repeat 20
1500
Property or Housing ExpenseMandatory
Max 1
To provide housing expense information
The PEX loop provides the proposed monthly housing expenses.
1600
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
AMT Loop
Repeat >1
1700
Monetary Amount Information
Max 1
To indicate the total monetary amount
The AMT loop contains financing terms, refinance and construction loan information.
1800
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
1810
Percent Amounts
Max >1
To qualify percent amounts and supply percent amounts
IN1 Loop
Repeat 15
1900
Individual IdentificationMandatory
Max 1
To provide identification of an individual or entity
The IN1 loop identifies the borrower(s) and their asset and liability information.
2000
Individual Name Structure ComponentsMandatory
Max 10
To sequence individual name components for maximum specificity
2100
Yes/No QuestionMandatory
Max 19
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
2200
Date or Time or Period
Max 3
To specify any or all of a date, a time, or a time period
2300
Reference Information
Max >1
To specify identifying information
2400
Monetary Amount Information
Max >1
To indicate the total monetary amount
2500
Demographic Information
Max 1
To supply demographic information
2600
Quantity and Description
Max 1
To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value
2700
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
2800
Administrative Communications Contact
Max 1
To identify a person or office to whom administrative communications should be directed
2900
Quantity Information
Max >1
To specify quantity information
3000
First Time Home Buyer
Max 1
To capture the first time home buyer information found in section of the Loan Application
3200
Personal Property Description
Max 20
To provide details of personal property
AIN Loop
Repeat >1
3210
Income
Max 1
To provide type and amount of income obtained
The AIN loop provides information about the borrower's income.
3220
Yes/No Question
Max >1
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.
PEX Loop
Repeat 20
3800
Property or Housing Expense
Max 1
To provide housing expense information
The PEX loop provides current housing expense information.
3900
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
NX1 Loop
Repeat 10
4000
Property or Entity Identification
Max 1
To define the attributes of a property or an entity
The NX1 loop provides the applicant's current and previous residence information.
4100
Location ID ComponentMandatory
Max 30
To define types and values of a geographic location
4200
Quantity and Description
Max 1
To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value
4300
Applicant Residence Specifics
Max 1
To provide type of residency
N1 Loop
Repeat 20
4400
Party Identification
Max 1
To identify a party by type of organization, name, and code
The N1 loop provides the applicant's current and previous employment information.
4500
Additional Name Information
Max 2
To specify additional names
4600
Party Location
Max 2
To specify the location of the named party
4700
Geographic Location
Max 1
To specify the geographic place of the named party
4800
Administrative Communications Contact
Max 1
To identify a person or office to whom administrative communications should be directed
4900
Yes/No Question
Max 1
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.
5000
Employment Position
Max 1
To describe employment position
5100
Quantity Information
Max >1
To specify quantity information
5300
Monetary Amount Information
Max 1
To indicate the total monetary amount
REA Loop
Repeat 20
5400
Real Estate Property Information
Max 1
To provide a description of real estate or general property information
The REA loop provides information about other properties owned.
5500
Monetary Amount InformationMandatory
Max 6
To indicate the total monetary amount
5600
Property or Entity IdentificationMandatory
Max 1
To define the attributes of a property or an entity
5700
Location ID ComponentMandatory
Max 30
To define types and values of a geographic location
NM1 Loop
Repeat 20
5750
Individual or Organizational Name
Max 1
To supply the full name of an individual or organizational entity
The NM1 loop provides alias information used to obtain credit.
5790
Account Identification
Max 10
To specify account information
CDA Loop
Repeat 100
5800
Consumer Credit Account
Max 1
To provide duration, amount and associated information on consumer credit accounts
The CDA loop provides consumer credit account information.
5900
Yes/No Question
Max >1
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.
6000
Party Identification
Max 1
To identify a party by type of organization, name, and code
6100
Additional Name Information
Max 2
To specify additional names
6200
Party Location
Max 2
To specify the location of the named party
6300
Geographic Location
Max 1
To specify the geographic place of the named party
6400
Administrative Communications Contact
Max 1
To identify a person or office to whom administrative communications should be directed
6410
Conditions Indicator
Max >1
To supply information on conditions
FAA Loop
Repeat 100
6500
Financial Asset Account
Max 1
To provide duration, amount and associated information on financial assets
The FAA loop provides financial asset information.
6600
Party Identification
Max 1
To identify a party by type of organization, name, and code
6700
Additional Name Information
Max 2
To specify additional names
6800
Party Location
Max 2
To specify the location of the named party
6900
Geographic Location
Max 1
To specify the geographic place of the named party
7000
Administrative Communications Contact
Max 1
To identify a person or office to whom administrative communications should be directed
7040
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
7050
Loop Header
Max 1
To indicate that the next segment begins a loop
AMT Loop
Repeat 10
7100
Monetary Amount Information
Max 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.
7200
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
7210
Quantity Information
Max 1
To specify quantity information
7220
Yes/No Question
Max 1
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.
7250
Loop Trailer
Max 1
To indicate that the loop immediately preceding this segment is complete
LX Loop
Repeat >1
7300
Transaction Set Line NumberMandatory
Max 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.
7400
Party Identification
Max 1
To identify a party by type of organization, name, and code
7500
Additional Name Information
Max 2
To specify additional names
7600
Party Location
Max 2
To specify the location of the named party
7700
Geographic Location
Max 1
To specify the geographic place of the named party
7800
Administrative Communications Contact
Max >1
To identify a person or office to whom administrative communications should be directed
7900
Date or Time or Period
Max 1
To specify any or all of a date, a time, or a time period
8000
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.