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EDI 833 Residential Mortgage Credit Report Order

Functional Group ML

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Credit Report Order Transaction Set (833) for use within an Electronic Data Interchange (EDI) environment. This transaction set can be used by a mortgage originator to request, track, and cancel a series of value-added, investigative credit reports which are typically required in mortgage lending. It is a collection of borrower information exceeding that needed to order a basic consumer credit report but which is required to complete a residential mortgage credit report.

Heading

1. 010 · ST · Transaction Set Header · Max 1 · Mandatory

   To indicate the start of a transaction set and to assign a control number

2. 020 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set.

3. N1 Loop Optional Repeat 100

   1. 040 · N1 · Name · Max 1 · Mandatory

      To identify a party by type of organization, name and code

      The N1 segment identifies name, address and contact of requestor, vendor, default billing, etc.

   2. 050 · N2 · Additional Name Information · Max 2 · Optional

      To specify additional names or those longer than 35 characters in length

   3. 060 · REF · Reference Numbers · Max 12 · Optional

      To specify identifying numbers.

   4. 070 · PER · Administrative Communications Contact · Max 3 · Optional

      To identify a person or office to whom administrative communications should be directed

   5. N4 Loop Optional Repeat 5

      1. 080 · N4 · Geographic Location · Max 1 · Mandatory

         To specify the geographic place of the named party

      2. 090 · N3 · Address Information · Max 2 · Optional

         To specify the location of the named party

Detail

1. CRO Loop Mandatory Repeat 200

   1. 010 · CRO · Credit Report Order Details · Max 1 · Mandatory

      To provide attributes of the credit report

   2. 020 · REF · Reference Numbers · Max 12 · Optional

      To specify identifying numbers.

      The REF segment identifies Order Number, Loan Number, etc.

   3. 030 · PER · Administrative Communications Contact · Max 3 · Optional

      To identify a person or office to whom administrative communications should be directed

      The PER segment is requesting individual contact.

   4. 040 · K2 · Administrative Message · Max 10 · Optional

      To transmit information in a free-form format, if necessary, for comment or special instruction

      The K2 segment gives special instructions for credit report.

   5. 050 · LN1 · Loan Specific Data · Max 1 · Optional

      To provide high level information about a loan

      The LN1 segment contains the details of the loan including principal balance, interest rate, payment amounts, etc.

   6. N1 Loop Optional Repeat 20

      1. 060 · N1 · Name · Max 1 · Mandatory

         To identify a party by type of organization, name and code

         The N1 loop identifies repository names, Bill To, Send To names, addresses and contacts.

      2. 070 · N2 · Additional Name Information · Max 2 · Optional

         To specify additional names or those longer than 35 characters in length

      3. 080 · N3 · Address Information · Max 2 · Optional

         To specify the location of the named party

      4. 090 · N4 · Geographic Location · Max 1 · Optional

         To specify the geographic place of the named party

      5. 100 · REF · Reference Numbers · Max 12 · Optional

         To specify identifying numbers.

      6. 110 · PER · Administrative Communications Contact · Max 3 · Optional

         To identify a person or office to whom administrative communications should be directed

      7. 115 · PWK · Paperwork · Max 1 · Optional

         To identify the type and transmission of paperwork or supporting information

   7. NX1 Loop Optional Repeat 20

      1. 120 · NX1 · Property or Entity Identification · Max 1 · Mandatory

         To define the attributes of a property or an entity

         The NX1 loop is the property address for subject loan.

      2. 130 · NX2 · Real Estate Property ID Component · Max 30 · Optional

         To define types and values for geographic location of real estate property

   8. LX Loop Mandatory Repeat 2

      1. 140 · LX · Assigned Number · Max 1 · Mandatory

         To reference a line number in a transaction set.

         The LX loop is the loop reference for individual credit subject.

      2. 150 · REF · Reference Numbers · Max 12 · Optional

         To specify identifying numbers.

         The REF segment is other identifying numbers for individuals.

      3. 160 · PER · Administrative Communications Contact · Max 3 · Optional

         To identify a person or office to whom administrative communications should be directed

         The PER segment identifies communications numbers for individuals.

      4. 170 · AIN · Income · Max 10 · Optional

         To provide type and amount of income obtained

      5. 180 · PPY · Personal Property Description · Max 10 · Optional

         To provide details of personal property

      6. 190 · CAI · Civil Action Income · Max 10 · Optional

         To name the income pursuant to a civil action (Judgement, Child Support, etc.)

      7. 200 · CIV · Civil Action Liability · Max 20 · Optional

         To provide law suit, outstanding judgement, tax lien or foreclosure status

         The CIV segment is the civil action liability item(s).

      8. REA Loop Optional Repeat 20

         1. 210 · REA · Real Estate Property Information · Max 1 · Mandatory

            To provide a description of real estate or general property information

            The REA loop gives the details of real estate asset owned by individual.

         2. 220 · FPT · Financial Participation · Max 1 · Optional

            Defines nature of participation in financial account

         3. 230 · AIN · Income · Max 5 · Optional

            To provide type and amount of income obtained

         4. 240 · NX1 · Property or Entity Identification · Max 1 · Optional

            To define the attributes of a property or an entity

         5. 250 · NX2 · Real Estate Property ID Component · Max 30 · Optional

            To define types and values for geographic location of real estate property

      9. IN1 Loop Mandatory Repeat 30

         1. 260 · IN1 · Individual Identification · Max 1 · Mandatory

            To provide identification of an individual or entity

            The IN1 loop identifies credit subject names, alias, dependents name and demographic data.

         2. 270 · IN2 · Individual Name Structure Components · Max 10 · Optional

            To sequence individual name components for maximum specificity

         3. 280 · DMG · Demographic Information · Max 1 · Optional

            To supply demographic information

         4. 290 · N10 · Quantity and Description · Max 1 · Optional

            To indicate line item quantity, description, marks and numbers, commodity code, weight and customs value

      10. NX1 Loop Mandatory Repeat 10

          1. 300 · NX1 · Property or Entity Identification · Max 1 · Mandatory

             To define the attributes of a property or an entity

             The NX1 loop is the residence type, address and history.

          2. 310 · NX2 · Real Estate Property ID Component · Max 30 · Mandatory

             To define types and values for geographic location of real estate property

          3. 320 · DTP · Date or Time or Period · Max 1 · Mandatory

             To specify any or all of a date, a time, or a time period

          4. 330 · ARS · Applicant Residence Specifics · Max 1 · Optional

             To provide type of residency

      11. N1 Loop Optional Repeat 500

          1. 340 · N1 · Name · Max 1 · Mandatory

             To identify a party by type of organization, name and code

             The N1 loop identifies names, addresses and contacts of personal references.

          2. 350 · N2 · Additional Name Information · Max 2 · Optional

             To specify additional names or those longer than 35 characters in length

          3. 360 · N3 · Address Information · Max 2 · Optional

             To specify the location of the named party

          4. 370 · N4 · Geographic Location · Max 1 · Optional

             To specify the geographic place of the named party

          5. 380 · REF · Reference Numbers · Max 12 · Optional

             To specify identifying numbers.

          6. 390 · PER · Administrative Communications Contact · Max 3 · Optional

             To identify a person or office to whom administrative communications should be directed

          7. EMP Loop Optional Repeat 20

             1. 400 · EMP · Employer · Max 1 · Mandatory

                To provide employment specifics

                The EMP loop provides current and previous employment information

             2. 410 · DTP · Date or Time or Period · Max 1 · Optional

                To specify any or all of a date, a time, or a time period

             3. EMS Loop Optional Repeat 10

                1. 420 · EMS · Employment Position · Max 1 · Mandatory

                   To describe employment position

                2. 430 · DTP · Date or Time or Period · Max 1 · Optional

                   To specify any or all of a date, a time, or a time period

                3. 440 · AIN · Income · Max 10 · Optional

                   To provide type and amount of income obtained

          8. FAA Loop Optional Repeat 100

             1. 450 · FAA · Financial Asset Account · Max 1 · Mandatory

                To provide duration or amount of financial assets

                The FAA loop provides financial asset information.

             2. 460 · DTP · Date or Time or Period · Max 1 · Optional

                To specify any or all of a date, a time, or a time period

             3. 470 · AIN · Income · Max 4 · Optional

                To provide type and amount of income obtained

             4. IN1 Loop Optional Repeat 10

                1. 480 · IN1 · Individual Identification · Max 1 · Mandatory

                   To provide identification of an individual or entity

                   The IN1 loop identifies co-owners of asset accounts.

                2. 490 · IN2 · Individual Name Structure Components · Max 10 · Optional

                   To sequence individual name components for maximum specificity

                3. 500 · FPT · Financial Participation · Max 1 · Optional

                   Defines nature of participation in financial account

          9. CDA Loop Optional Repeat 100

             1. 510 · CDA · Consumer Credit Account · Max 1 · Mandatory

                To provide duration or amount of consumer credit account

                The CDA loop provides consumer credit account information.

             2. 520 · DTP · Date or Time or Period · Max 1 · Optional

                To specify any or all of a date, a time, or a time period

             3. 530 · PEX · Property or Housing Expense · Max 5 · Optional

                To provide housing expense information

             4. IN1 Loop Optional Repeat 10

                1. 540 · IN1 · Individual Identification · Max 1 · Mandatory

                   To provide identification of an individual or entity

                   The IN1 loop identifies other obligations.

                2. 550 · IN2 · Individual Name Structure Components · Max 10 · Optional

                   To sequence individual name components for maximum specificity

                3. 560 · FPT · Financial Participation · Max 1 · Optional

                   Defines nature of participation in financial account

2. 570 · SE · Transaction Set Trailer · Max 1 · Mandatory

   To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments).