LN1 Loan Specific Data

To provide high level information about a loan

Position
Element
Name
Type
Requirement
Min
Max
Repeat
LN1-01
Monetary Amount
Decimal number (R)
Mandatory
1
15
-
Monetary amount.
LN101 is the unpaid principal balance of the loan.
LN1-02
Lien Priority Code
Identifier (ID)
Mandatory
1
1
-
Code identifying the rights and relationship of a loan to any other loan secured by the same property.
LN102 describes the lien priority for this loan.
LN1-03
Real Estate Loan Type Code
Identifier (ID)
Mandatory
1
1
-
Code identifying the loan product category.
LN103 defines the real estate loan type.
LN1-04
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
LN104 is the initial or original principal balance.
LN1-05
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
LN105 is the current loan note rate.
LN1-06
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
LN106 defines the loan to value ratio.
LN1-07
Rate/Value Qualifier
Identifier (ID)
Conditional
2
2
-
Code qualifying how to extend charges or interpret value.
P0708: If either LN1-07 or LN1-08 is present, then the other is required
LN107 is the period type for payment frequency.
LN1-08
Monetary Amount
Decimal number (R)
Conditional
1
15
-
Monetary amount.
LN108 is the current periodic principal and interest payment.
LN1-09
Real Estate Loan Security Instrument Code
Identifier (ID)
Optional
1
1
-
Code indicating type of security instrument.
LN109 defines the security instrument such as mortgage or deed.
LN1-10
Loan Documentation Type Code
Identifier (ID)
Optional
1
1
-
Code indicating whether loan underwriting is supported by full or reduced documents.
LN110 defines underwriting documentation requirements.
LN1-11
Loan Rate Type Code
Identifier (ID)
Optional
1
1
-
Code indicating the characteristics of the loan rate.
LN111 defines the interest rate characteristics for the loan.
LN1-12
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
-
Code indicating a Yes or No condition or response.
LN112 defines whether loan is assumable. A "Y" indicates it is. A "N" indicates it is not.
LN1-13
Account Number
String (AN)
Optional
1
35
-
Account number assigned.
LN113 is the lender's account number.
LN1-14
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
LN114 is the initial or original payment rate.
LN1-15
Percent
Decimal number (R)
Optional
1
10
-
Percentage expressed as a decimal
LN115 is the rate used by the lender to qualify the loan.
LN1-16
Date Time Period Format Qualifier
Identifier (ID)
Conditional
2
3
-
Code indicating the date format, time format, or date and time format.
LN116 defines the date format used in LN117 thru LN121.
LN1-17
Date Time Period
String (AN)
Optional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times.
C1716: If LN1-17 is present, then LN1-16 is required
LN117 is the loan note date.
LN1-18
Date Time Period
String (AN)
Optional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times.
C1816: If LN1-18 is present, then LN1-16 is required
LN118 is the first installment due date.
LN1-19
Date Time Period
String (AN)
Optional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times.
C1916: If LN1-19 is present, then LN1-16 is required
LN119 is the last paid installment date.
LN1-20
Date Time Period
String (AN)
Optional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times.
C2016: If LN1-20 is present, then LN1-16 is required
LN120 is the date interest on the loan is paid to.
LN1-21
Date Time Period
String (AN)
Optional
1
35
-
Expression of a date, a time, or range of dates, times or dates and times.
C2116: If LN1-21 is present, then LN1-16 is required
LN121 is the next payment installment due date.
LN1-22
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
LN122 is the amount of other or additional financing.
LN1-23
Monetary Amount
Decimal number (R)
Optional
1
15
-
Monetary amount.
LN123 is the current balance of negative amoritization.

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