EDI
API DocsTerminal

872 Residential Mortgage Insurance Application

Functional Group ME

X12F Finance Subcommittee

This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Insurance Application Transaction Set (872) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by a mortgage originator to request mortgage insurance and provide supporting information needed to obtain a mortgage insurance commitment on one or several residential mortgage loans.

Heading

Sequence
Segment
Name
Max use
010
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
020
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
N1 Loop
Repeat 5
030
NameMandatory
Max 1
To identify a party by type of organization, name, and code
Use this N1 loop to identify transaction requestor and insuror entities.
040
Additional Name Information
Max 2
To specify additional names or those longer than 35 characters in length
050
Reference Identification
Max 12
To specify identifying information
060
Administrative Communications Contact
Max 3
To identify a person or office to whom administrative communications should be directed
N4 Loop
Repeat 5
070
Geographic LocationMandatory
Max 1
To specify the geographic place of the named party
080
Address Information
Max 2
To specify the location of the named party

Detail

Sequence
Segment
Name
Max use
LX Loop
Repeat >1
010
Assigned NumberMandatory
Max 1
To reference a line number in a transaction set
020
NameMandatory
Max 1
To identify a party by type of organization, name, and code
Use this N1 loop to identify the insured entity.
030
Additional Name Information
Max 2
To specify additional names or those longer than 35 characters in length
040
Address Information
Max 2
To specify the location of the named party
050
Geographic Location
Max 1
To specify the geographic place of the named party
060
Reference Identification
Max 12
To specify identifying information
MII Loop
Repeat >1
070
Mortgage Insurance InformationMandatory
Max 1
To provide the type and extent of mortgage insurance
080
Administrative Communications Contact
Max 5
To identify a person or office to whom administrative communications should be directed
090
Mortgage Characteristics RequestedMandatory
Max 1
To describe the characteristics of a mortgage requested by the applicant(s)
100
Reference Identification
Max 5
To specify identifying information
110
Property or Housing Expense
Max 20
To provide housing expense information
120
Loan Specific DataMandatory
Max 1
To provide high-level information about a loan
130
Down Payment Data
Max 5
To provide amount or nature of loan down payment
140
Mortgage Loan Product DescriptionMandatory
Max 1
To describe terms of a mortgage product
150
Adjustable Payment Description
Max 1
To provide the terms of payment adjustment
160
Adjustable Rate Description
Max 1
To describe terms of rate adjustment
REA Loop
Repeat 1
170
Real Estate Property InformationMandatory
Max 1
To provide a description of real estate or general property information
180
Monetary Amount
Max 10
To indicate the total monetary amount
MCD Loop
Repeat 1
190
Mortgage Closing DataMandatory
Max 1
To provide details about loan settlement
200
Monetary Amount
Max 10
To indicate the total monetary amount
BUY Loop
Repeat 20
210
Loan BuydownMandatory
Max 1
To describe the features of a loan buydown
220
Temporary Buydown Adjustment
Max 10
To indicate amount or period of temporary buydown adjustment
PRJ Loop
Repeat 1
230
Multifamily Housing ProjectMandatory
Max 1
To describe attributes of a multifamily housing project
240
Administrative Communications Contact
Max 10
To identify a person or office to whom administrative communications should be directed
PWK Loop
Repeat 10
250
PaperworkMandatory
Max 1
To identify the type or transmission or both of paperwork or supporting information
260
Name
Max 1
To identify a party by type of organization, name, and code
270
Additional Name Information
Max 2
To specify additional names or those longer than 35 characters in length
280
Address Information
Max 2
To specify the location of the named party
290
Geographic Location
Max 1
To specify the geographic place of the named party
300
Reference Identification
Max 12
To specify identifying information
310
Administrative Communications Contact
Max 3
To identify a person or office to whom administrative communications should be directed
NX1 Loop
Repeat 5
320
Property or Entity IdentificationMandatory
Max 1
To define the attributes of a property or an entity
330
Location ID ComponentMandatory
Max 30
To define types and values of a geographic location
PAS Loop
Repeat 5
340
Property Appraisal SummaryMandatory
Max 1
To provide high-level information about the property valuation
350
Name
Max 2
To identify a party by type of organization, name, and code
360
Administrative Communications Contact
Max 10
To identify a person or office to whom administrative communications should be directed
370
Message Text
Max 10
To provide a free-form format that allows the transmission of text information
IN1 Loop
Repeat 12
380
Individual IdentificationMandatory
Max 1
To provide identification of an individual or entity
390
Individual Name Structure ComponentsMandatory
Max 10
To sequence individual name components for maximum specificity
391
Yes/No Question
Max 5
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
395
Demographic Information
Max 1
To supply demographic information
396
Message Text
Max 1
To provide a free-form format that allows the transmission of text information
400
Quantity and Description
Max 1
To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value
410
Borrower Financial Summary
Max 1
To provide summary totals for borrower's financial position
420
Transaction Set TrailerMandatory
Max 1
To indicate the end of the transaction set and provide the count of the transmitted segments (including the beginning (ST) and ending (SE) segments)

Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.

Stedi is a registered trademark of Stedi, Inc. Stedi's EDI Reference and Mapping Guides are provided for marketing purposes and are free of charge. All names, logos, and brands of third parties listed on our site are trademarks of their respective owners (including “X12”, which is a trademark of X12 Incorporated). Stedi, Inc. and its products and services are not endorsed by, sponsored by, or affiliated with these third parties. Our use of these names, logos, and brands is for identification purposes only, and does not imply any such endorsement, sponsorship, or affiliation.