MII Mortgage Insurance Information
To provide the type and extent of mortgage insurance
Code identifying the type of Mortgage Insurance application.
Code indicating whether Mortgage Insurance premium paid at settlement is financed.
MII02 describes the source of the mortgage insurance premium.
If MII02 = F (Financed), then MII08 is the amount of premium financed.
Code indicating a Yes or No condition or response.
MII03 defines if mortgage insurance premium is refundable. A "Y" indicates it is. A "N" indicates it is not.
Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both.
MII04 defines the type of mortgage insurance certificate.
Code indicating the nature of the Mortgage Insurance coverage.
MII05 defines the nature of the mortgage insurance coverage.
If MII05 is NOT = 03 (Pool), then MII13 is the percent coverage.
Code indicating the method of determining the duration of the initial insurance policy.
MII06 defines the insurance duration code.
Code indicating the type of renewal option for Mortgage Insurance.
MII07 defines the method of calculating renewal premiums.
Code qualifying the Reference Number.
P0910: If either MII-09 or MII-10 is present, then the other is required
MII09 defines the reference code for mortgage insuror pool.
Reference number or identification number as defined for a particular Transaction Set, or as specified by the Reference Number Qualifier.
MII10 is the value of the mortgage insurance pool identifier.
Code identifying the type/source of the descriptive number used in Product/Service ID (234).
P1112: If either MII-11 or MII-12 is present, then the other is required
MII11 defines the mortgage insurance product code source.
Identifying number for a product or service.
MII12 is the mortgage insurance product identifier value.
Percentage expressed as a decimal
Code identifying the basic unit of measurement.
P1415: If either MII-14 or MII-15 is present, then the other is required
MII14 defines a period of time.
Numeric value of quantity.
MII15 defines number of time periods for insurance duration.