BFS Borrower Financial Summary

To provide summary totals for borrower's financial position

Position
Element
Name
Type
Requirement
Min
Max
Repeat
BFS01
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
1
Code qualifying how to extend charges or interpret value
C0102: If BFS-01 is present, then BFS-02 is required
BFS01 defines period for income total.
BFS02
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
BFS02 defines borrower income amount.
BFS03
Rate/Value Qualifier
Identifier (ID)
Optional
2
2
1
Code qualifying how to extend charges or interpret value
C0304: If BFS-03 is present, then BFS-04 is required
BFS03 defines period for expense total.
BFS04
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
BFS04 defines borrower expense amount.
BFS05
Date
Date (DT)
Optional
8
8
1
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
C0506: If BFS-05 is present, then BFS-06 is required
BFS05 defines asset total effective date.
BFS06
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
BFS06 defines borrower asset total.
BFS07
Date
Date (DT)
Optional
8
8
1
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
C0708: If BFS-07 is present, then BFS-08 is required
BFS07 defines borrower liability total effective date.
BFS08
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
BFS08 defines borrower liability total.
BFS09
Type of Income Code
Identifier (ID)
Optional
2
2
1
Code defining the nature or source of income
BFS09 is used to state the source of borrower income.
BFS10
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
1
Code indicating a Yes or No condition or response
BFS10 defines if the borrower is a non-occupant. A "Y" indicates the borrower is a non-occupant; an "N" indicates the borrower is an occupant.

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