This Draft Standard for Trial Use 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.
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 the location of the named party
To specify the geographic place of the named party
To specify identifying information
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 information
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To identify a party by type of organization, name, and code
To specify additional names or those longer than 35 characters in length
To report information
To specify any or all of a date, a time, or a time period
To provide amount or nature of loan down payment
To provide details about loan settlement
To transmit information in a free-form format, if necessary, for comment or special instruction
To define the attributes of a property or an entity
To define types and values for geographic location of real estate property
To provide a description of real estate or general property information
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision
To describe real estate property by boundary lines with their terminal points and angles; this segment defines legal boundaries of real estate property
To provide housing expense information
To provide a free-form format that allows the transmission of text information
To indicate the total monetary amount
To provide a free-form format that allows the transmission of text information
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To specify any or all of a date, a time, or a time period
To specify identifying information
To indicate the total monetary amount
To supply demographic information
To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value
To provide a free-form format that allows the transmission of text information
To identify a person or office to whom administrative communications should be directed
To specify quantity information
To capture the first time home buyer information found in section of the Loan Application
To provide type and amount of income obtained
To provide details of personal property
To provide housing expense information
To provide a free-form format that allows the transmission of text information
To define the attributes of a property or an entity
To define types and values for geographic location of real estate property
To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value
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 identify a person or office to whom administrative communications should be directed
To specify account information
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To describe employment position
To specify quantity information
To specify any or all of a date, a time, or a time period
To indicate the total monetary amount
To provide a description of real estate or general property information
To indicate the total monetary amount
To define the attributes of a property or an entity
To define types and values for geographic location of real estate property
To provide duration or amount of consumer credit account
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
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 identify a person or office to whom administrative communications should be directed
To provide duration or amount of financial assets
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 identify a person or office to whom administrative communications should be directed
To provide a free-form format that allows the transmission of text information
To indicate that the next segment begins a loop
To indicate the total monetary amount
To provide a free-form format that allows the transmission of text information
To indicate that the loop immediately preceding this segment is complete
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 identify a person or office to whom administrative communications should be directed
To specify any or all of a date, a time, or a time period
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
