MCD Mortgage Closing Data
MCD Mortgage Closing Data
To provide details about loan settlement
Position
Element
Name
Type
Requirement
Min
Max
Repeat
MCD-01
Monetary Amount
Decimal number (R)
Mandatory
1
15
-
Monetary amount.
MCD01 is the amount of the property sales price.
MCD-02
Date
Date (DT)
Optional
6
6
-
Date (YYMMDD).
MCD02 is the loan settlement date (actual or scheduled).
MCD-03
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
MCD03 is the amount of any purchase deposit.
MCD-04
Name
String (AN)
Optional
1
35
-
Free-form name.
MCD04 is the name of the purchase deposit holder.