This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Insurance Application Transaction Set (872) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by a mortgage originator to request mortgage insurance and provide supporting information needed to obtain a mortgage insurance commitment on one or several residential mortgage loans.
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 reference a line number in 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 the location of the named party
To specify the geographic place of the named party
To specify identifying numbers.
To provide the type and extent of mortgage insurance
To identify a person or office to whom administrative communications should be directed
To describe the characteristics of a mortgage requested by the applicant(s)
To specify identifying numbers.
To provide housing expense information
To provide high level information about a loan
To provide amount or nature of loan down payment
To describe terms of a mortgage product
To provide the terms of payment adjustment
To describe terms of rate adjustment
To provide a description of real estate or general property information
To indicate the total monetary amount.
To provide details about loan settlement
To indicate the total monetary amount.
To describe the features of a loan buydown
To indicate amount or period of temporary buydown adjustment
To describe attributes of a multifamily housing project
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 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 define type of real estate property
To define types and values for geographic location of real estate property
To provide high level information about the property valuation
To identify a party by type of organization, name and code
To identify a person or office to whom administrative communications should be directed
To provide a free form format that would allow the transmission of text information.
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 provide summary totals for borrower's financial position
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments).
