This Draft Standard for Trial Use contains the format and establishes the data contents of the Secondary Mortgage Market Loan Delivery Transaction Set (202) for use within the context of an Electronic Data Interchange (EDI) environment.
This transaction set can be used to report mortgage loan information (i.e., borrower, property, underwriting information, etc.) among mortgage lenders, mortgage service vendors, and secondary mortgage 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 uniquely identify a transaction to an application
To specify any or all of a date, a time, or a time period
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 transmit identifying information as specified by the Reference Identification Qualifier
To provide loan delivery and contract information
To specify identifying information
To specify basic data about the contract or contract line item
To qualify percent amounts and supply percent amounts
To specify interest rate and type and the applicable time period
To indicate the total monetary amount
To specify quantity information
To identify mortgage pool types
To specify any or all of a date, a time, or a time period
To report information
Defines a participant's monetary commitment and settlement method
To identify a party by type of organization, name, and code
To specify identifying information
To supply the full name of an individual or organizational entity
To reference a line number in a transaction set
To specify identifying information
To indicate the total monetary amount
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 quantity information
To identify a party by type of organization, name, and code
To report information
To identify the loan underwriting codes
To provide amount or nature of loan down payment
To specify interest rate and type and the applicable time period
To identify the payment pattern of specific, credit-related items
To identify the type or transmission or both of paperwork or supporting information
To describe the features of a loan buydown
To provide housing expense information
To identify the type and location of borrower education provided
To identify the mortgage insurer or guarantor and provide information about the insurance coverage
To specify identifying information
To qualify percent amounts and supply percent amounts
To define the attributes of a property or an entity
To define types and values of a geographic location
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 provide high-level information about a loan
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 supply information on conditions
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
To supply demographic information
To specify quantity information
To identify a party by type of organization, name, and code
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To provide type and amount of income obtained
To indicate the total monetary amount
To define the credit score model used and the related score
To identify evaluation factors used in determining an applicant's credit score
To indicate a quantity, and/or amount for an identified period
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To specify identifying information
To identify the type of underwriting used to underwrite a mortgage loan
To report information
To specify identifying information
To provide a free-form format that allows the transmission of text information
To transmit a hash total for a specific element in the transaction set
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
