This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Credit Report Order Transaction Set (833) for use within an Electronic Data Interchange (EDI) environment.
This transaction set can be used by a mortgage originator to request, track, and cancel a series of value-added, investigative credit reports which are typically required in mortgage lending. It is a collection of borrower information exceeding that needed to order a basic consumer credit report but which is required to complete a residential mortgage credit report.
To indicate the start of a transaction set and to assign a control number
To indicate the beginning of a transaction set.
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To specify the geographic place of the named party
To specify the location of the named party
To provide attributes of the credit report
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To transmit information in a free-form format, if necessary, for comment or special instruction
To provide high level information about a loan
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To identify the type and transmission of paperwork or supporting information
To define type of real estate property
To define types and values for geographic location of real estate property
To reference a line number in a transaction set.
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To provide type and amount of income obtained
To provide details of personal property
To name the income pursuant to a civil action (Judgement, Child Support, etc.)
To provide law suit, outstanding judgement, tax lien or foreclosure status
To provide a description of real estate or general property information
Defines nature of participation in financial account
To provide type and amount of income obtained
To define type of real estate property
To define types and values for geographic location of real estate property
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
To supply demographic information
To indicate line item quantity, description, marks and numbers, commodity code, weight and customs value
To define type of real estate property
To define types and values for geographic location of real estate property
To specify any or all of a date, a time, or a time period
To provide type of residency
To identify a party by type of organization, name and code
To specify additional names or those longer than 35 characters in length
To specify the location of the named party
To specify the geographic place of the named party
To specify identifying numbers.
To identify a person or office to whom administrative communications should be directed
To provide employment specifics
To specify any or all of a date, a time, or a time period
To describe employment position
To specify any or all of a date, a time, or a time period
To provide type and amount of income obtained
To provide duration or amount of financial assets
To specify any or all of a date, a time, or a time period
To provide type and amount of income obtained
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
Defines nature of participation in financial account
To provide duration or amount of consumer credit account
To specify any or all of a date, a time, or a time period
To provide housing expense information
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
Defines nature of participation in financial account
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments).
