This Draft Standard for Trial Use contains the format and establishes the data contents for the Real Estate Title Insurance Services Order (265) Transaction Set for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used by a real estate agent, mortgage lender, or other real estate company to order, update, or cancel title services from a title insurance services company. This standard can also be used by the title services company to return title information to the party originating the order. This transaction set replaces the paper forms used to request services such as title searches and insurance, and replaces mortgage closing documents.
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
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 reference a line number in a transaction set
To specify identifying 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 define the attributes of a property or an entity
To define types and values of a geographic location
To describe terms of a mortgage product
To describe the characteristics of a mortgage requested by the applicant(s)
To provide high-level information about a loan
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 supply demographic information
Defines nature of participation in financial account
To specify the geographic place of the named party
To specify the location of the named party
To identify a person or office to whom administrative communications should be directed
To provide details about loan settlement
To indicate the total monetary amount
To identify a party by type of organization, name, and code
To specify additional names
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 indicate the total monetary amount
To provide the type, extent, and dates for title insurance service
To indicate the total monetary amount
To identify the type or transmission or both of paperwork or supporting information
To identify a party by type of organization, name, and code
To specify additional names
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 indicate that the next segment begins a loop
To provide the type, extent, and dates for title insurance service
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 indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)
