This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Appraisal Report Transaction Set (262) for use within the context of an Electronic Data Interchange (EDI) environment.
This transaction set can be used for the transfer and reporting of mortgage appraisal information among real estate appraisers, mortgage brokers, mortgage servicers, mortgage service bureaus, secondary mortgage market organizations, and other entities involved in the mortgage origination process.
To indicate the start of a transaction set and to assign a control number
To indicate the beginning of a transaction set
To uniquely identify a transaction to an application
To supply the full name of an individual or organizational entity
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 identifying information
To reference a line number in a transaction set
To specify a code and the amount, quantity associated with it, or both
To identify the type and transmission of paperwork or supporting information
To define the attributes of a property or an entity
To define types and values for geographic location of real estate property
To provide housing expense 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 specify quantity information
To specify identifying information
To specify any or all of a date, a time, or a time period
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To indicate the total monetary amount
To qualify percent amounts and supply percent amounts
To report information
To provide a free-form format that allows the transmission of text information
Code to transmit standard industry codes
To specify identifying information
To specify quantity information
To indicate the total monetary amount
To provide a free-form format that allows the transmission of text information
To specify any or all of a date, a time, or a time period
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
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 identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To specify identifying information
To specify any or all of a date, a time, or a time period
To report information
To provide a free-form format that allows the transmission of text information
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
