203 Secondary Mortgage Market Investor Report

Functional Group MH

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Secondary Mortgage Market Investor Report Transaction Set (203) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used for the transfer and reporting of mortgage servicing information between mortgage servicers, mortgage service bureaus, and secondary mortgage market organizations.

Heading

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set.

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

    The DTP segment states the reporting cycle date.
  4. To specify identifying numbers.

    The REF segment indicates the Servicer or Issuer Institution Number.
  5. N1 Loop Optional
    Repeat 5
    1. To identify a party by type of organization, name and code

      The N1 loop identifies the sending and receiving parties, such as Mortgage Servicer, Service Bureau, Investor, etc.
    2. To specify additional names or those longer than 35 characters in length

    3. To specify the location of the named party

    4. To specify the geographic place of the named party

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

Detail

Position
Segment
Name
Max use
  1. LX Loop Mandatory
    Repeat >1
    1. To reference a line number in a transaction set.

    2. To specify identifying numbers.

      The REF segment is used to identify Sub Servicer, Pool, Document Custodial Note Holder, or Issuer.
    3. To identify Ginnie Mae pool types

    4. To indicate the total monetary amount.

    5. RLT Loop Optional
      Repeat >1
      1. Used to identify the agency case number, loan number, real estate loan type, pool type and amortization terms

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

        The DTP segment is used to state the Last Paid Installment Date and the Date of the Last Payment Received.
      3. To indicate the total monetary amount.

        The AMT segment is used to report amounts such as the Actual or Scheduled Unpaid Principal Balance, Principal or Interest Due to Investor, Current Principal and Interest, Prepayment Penalties.
      4. To identify actions on or status of the mortgage

      5. To specify interest rate and type and the applicable time period

      6. To identify interest rate changes for adjustable rate mortgages

        The PRC segment is used to report Variable Loan Information characteristics (Adjustable Rate Mortgages, Graduated Payment Mortgages, etc.)
      7. To define types and values for geographic location of real estate property

      8. N1 Loop Optional
        Repeat 1
        1. To identify a party by type of organization, name and code

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

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

          The DTP segment is used to identify the Original Maturity Date and the Date of First Payment.
        4. To indicate the total monetary amount.

          The AMT segment is used to state the Original Principal Balance and the Tax & Insurance Escrow Fund Balance.
        5. To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

          The YNQ segment determines whether or not Foreclosure proceedings have begun on the loan. A `Y' indicates proceedings have begun.
        6. AMT Loop Optional
          Repeat 5
          1. To indicate the total monetary amount.

            The AMT loop is used to define curtailment data.
          2. To specify any or all of a date, a time, or a time period

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

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