MIR Mortgage Insurance Response

To determine if mortgage insurance has been approved or declined, and if approved, supply details about the coverage

Position
Element
Name
Type
Requirement
Min
Max
Repeat
MIR01
Mortgage Insurance Application Type
Identifier (ID)
Mandatory
1
1
1
Code identifying the type of Mortgage Insurance application
MIR02
Underwriting Decision Code
Identifier (ID)
Mandatory
1
1
1
Code indicating the decision made by the underwriter
MIR03
Mortgage Insurance Certificate Type Code
Identifier (ID)
Optional
1
1
1
Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both
MIR04
Reference Identification
String (AN)
Optional
1
50
1
Reference information as defined for a particular Transaction Set or as specified by the Reference Identification Qualifier
MIR04 defines the certificate of insurance number.
MIR05
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
MIR05 defines the percentage of the premium of the initial term.
MIR06
Amount
N2
Optional
1
15
1
Monetary amount
MIR06 defines the amount of the premium of the initial term.
MIR07
Composite Unit of Measure
Composite (composite)
Conditional
1
01
Unit or Basis for Measurement Code
Identifier (ID)
Mandatory
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
02
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-02 is not used, its value is to be interpreted as 1.
03
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-03 is not used, its value is to be interpreted as 1.
04
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
05
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-05 is not used, its value is to be interpreted as 1.
06
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-06 is not used, its value is to be interpreted as 1.
07
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
08
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-08 is not used, its value is to be interpreted as 1.
09
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-09 is not used, its value is to be interpreted as 1.
10
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
11
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-11 is not used, its value is to be interpreted as 1.
12
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-12 is not used, its value is to be interpreted as 1.
13
Unit or Basis for Measurement Code
Identifier (ID)
Optional
2
2
-
Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken
14
Exponent
Decimal number (R)
Optional
1
15
-
Power to which a unit is raised
If C001-14 is not used, its value is to be interpreted as 1.
15
Multiplier
Decimal number (R)
Optional
1
10
-
Value to be used as a multiplier to obtain a new value
If C001-15 is not used, its value is to be interpreted as 1.
MIR08
Quantity
Decimal number (R)
Conditional
1
15
1
Numeric value of quantity
MIR08 defines the term of the mortgage insurance coverage as either a period of time or as a percentage of the loan outstanding when compared to the value of the property.
MIR09
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
MIR09 defines the amount of mortgage insurance as a percentage.
MIR10
Percent
Decimal number (R)
Optional
1
10
1
Percentage expressed as a decimal
MIR10 defines the loan-to-value (LTV) ratio at the time of loan origination. Loan-to-value ratio is the percentage of the loan outstanding when compared to the value of the property.
MIR11
Mortgage Insurance Renewal Option Code
Identifier (ID)
Optional
1
1
1
Code indicating the type of renewal option for Mortgage Insurance
MIR12
Date
Date (DT)
Optional
8
8
1
Date expressed as CCYYMMDD where CC represents the first two digits of the calendar year
MIR12 defines the expiration date of the proposed coverage.

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