LN1 Loan Specific Data

To provide high-level information about a loan

Position
Element
Name
Type
Requirement
Min
Max
Repeat
LN101
Monetary Amount
Decimal number (R)
Mandatory
1
18
1
Monetary amount
LN101 is the unpaid principal balance of the loan.
LN102
Lien Priority Code
Identifier (ID)
Mandatory
1
1
1
Code identifying the rights and relationship of a loan to any other loan secured by the same property
LN102 describes the lien priority for this loan.
LN103
Real Estate Loan Type Code
Identifier (ID)
Mandatory
1
1
1
Code identifying the loan product category
LN103 defines the real estate loan type.
LN104
Monetary Amount
Decimal number (R)
Optional
1
18
1
Monetary amount
LN104 is the initial or original principal balance.
LN105
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
LN105 is the current loan note rate.
LN106
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
LN106 defines the loan-to-value ratio.
LN107
Rate/Value Qualifier
Identifier (ID)
Conditional
2
2
1
Code qualifying how to extend charges or interpret value
P0708: If either LN1-07 or LN1-08 is present, then the other is required
LN107 is the period type for payment frequency.
LN108
Monetary Amount
Decimal number (R)
Conditional
1
18
1
Monetary amount
LN108 is the current periodic principal and interest payment.
LN109
Real Estate Loan Security Instrument Code
Identifier (ID)
Optional
1
1
1
Code indicating type of security instrument
LN109 defines the security instrument, such as a mortgage or a deed.
LN110
Loan Documentation Type Code
Identifier (ID)
Optional
1
1
1
Code indicating type of documentation used in underwriting the loan
LN110 defines underwriting documentation requirements.
LN111
Loan Rate Type Code
Identifier (ID)
Optional
1
1
1
Code indicating the characteristics of the loan rate
LN111 defines the interest rate characteristics for the loan.
LN112
Yes/No Condition or Response Code
Identifier (ID)
Optional
1
1
1
Code indicating a Yes or No condition or response
LN112 defines whether loan is assumable. A "Y" indicates the loan is assumable; an "N" indicates it is not.
LN113
Account Number
String (AN)
Optional
1
35
1
Account number assigned
LN113 is the lender's account number.
LN114
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
LN114 is the initial or original payment rate.
LN115
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
LN115 is the rate used by the lender to qualify the loan.
LN116
Date Time Period Format Qualifier
Identifier (ID)
Conditional
2
3
1
Code indicating the date format, time format, or date and time format
L161718192021: If LN1-16 is present, then at least one of LN1-17, LN1-18, LN1-19, LN1-20 or LN1-21 is required
LN116 defines the date format used in LN117 through LN121.
LN117
Date Time Period
String (AN)
Conditional
1
35
1
Expression of a date, a time, or range of dates, times or dates and times
C1716: If LN1-17 is present, then LN1-16 is required
LN117 is the loan note date.
LN118
Date Time Period
String (AN)
Conditional
1
35
1
Expression of a date, a time, or range of dates, times or dates and times
C1816: If LN1-18 is present, then LN1-16 is required
LN118 is the scheduled due date of the first mortgage payment.
LN119
Date Time Period
String (AN)
Conditional
1
35
1
Expression of a date, a time, or range of dates, times or dates and times
C1916: If LN1-19 is present, then LN1-16 is required
LN119 is the last paid installment date.
LN120
Date Time Period
String (AN)
Conditional
1
35
1
Expression of a date, a time, or range of dates, times or dates and times
C2016: If LN1-20 is present, then LN1-16 is required
LN120 is the date interest on the loan is paid to.
LN121
Date Time Period
String (AN)
Conditional
1
35
1
Expression of a date, a time, or range of dates, times or dates and times
C2116: If LN1-21 is present, then LN1-16 is required
LN121 is the next payment installment due date.
LN122
Monetary Amount
Decimal number (R)
Optional
1
18
1
Monetary amount
LN122 is the amount of other or additional financing.
LN123
Monetary Amount
Decimal number (R)
Optional
1
18
1
Monetary amount
LN123 is the current balance of negative amortization.

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