This X12 Transaction Set contains the format and establishes the data contents of the Mortgage Note Transaction Set (205) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by mortgage originators, settlement agents, warehouse lenders, document custodians, secondary market entities and other industry participants to exchange the data comprising the mortgage note and mortgage characteristics.
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
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 provide detailed characteristics information of a mortgage note
To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property
To specify identifying information
To specify any or all of a date, a time, or a time period
To specify the geographic place of the named party
To specify interest rate and type and the applicable time period
To qualify percent amounts and supply percent amounts
To indicate the total monetary amount
To specify quantity information
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
To report information
To provide information on changes or adjustments
To reference a line number in a transaction set
To provide detailed description of a financial value
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 specify any or all of a date, a time, or a time period
To report information
To provide identification of an individual or entity
To sequence individual name components for maximum specificity
To identify a person or office to whom administrative communications should be directed
To specify identifying information
To define the attributes of a property or an entity
To define types and values of a geographic location
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision
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)
