EDI 201 Residential Loan Application

Functional Group ME

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Residential Loan Application Transaction Set (201) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to transfer the data contained in the Uniform Residential Loan Application between mortgage lenders, mortgage service vendors, insurance companies, credit reporting agencies and secondary market organizations. It can also be used, in conjunction with other transaction sets, to provide information needed to obtain an automated underwriting decision from a residential real estate automated underwriting system.

Heading

1. 0100 · ST · Transaction Set Header · Max 1 · Mandatory

   To indicate the start of a transaction set and to assign a control number

2. 0200 · BGN · Beginning Segment · Max 1 · Mandatory

   To indicate the beginning of a transaction set

3. N1 Loop Mandatory Repeat 5

   1. 0300 · N1 · Party Identification · Max 1 · Mandatory

      To identify a party by type of organization, name, and code

      The N1 loop identifies the sending and receiving parties such as the mortgage company, loan broker, service bureau mortgage insurer, etc.

   2. 0400 · N2 · Additional Name Information · Max 2 · Optional

      To specify additional names

   3. 0500 · N3 · Party Location · Max 2 · Optional

      To specify the location of the named party

   4. 0600 · N4 · Geographic Location · Max 1 · Optional

      To specify the geographic place of the named party

   5. 0700 · REF · Reference Information · Max 1 · Optional

      To specify identifying information

   6. 0800 · PER · Administrative Communications Contact · Max 5 · Optional

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

Detail

1. LRQ Loop Mandatory Repeat >1

   1. 0100 · LRQ · Mortgage Characteristics Requested · Max 1 · Mandatory

      To describe the characteristics of a mortgage requested by the applicant(s)

      The LRQ loop contains requested loan, borrower and subject property information. One iteration equals one loan application.

   2. 0200 · REF · Reference Information · Max >1 · Mandatory

      To specify identifying information

   3. 0300 · YNQ · Yes/No Question · Max >1 · Mandatory

      To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

      The YNQ segment is used to determine whether or not improvements have been made, whether or not they are complete, or whether or not the mortgage is eligible for a special mortgage program.

   4. 0400 · N1 · Party Identification · Max 1 · Mandatory

      To identify a party by type of organization, name, and code

   5. 0500 · N2 · Additional Name Information · Max 2 · Optional

      To specify additional names

   6. 0600 · III · Information · Max >1 · Optional

      To report information

   7. 0700 · DTP · Date or Time or Period · Max 1 · Optional

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

   8. 0800 · RES · Real Estate Sales Price Change · Max >1 · Optional

      To provide the type, source, and amount of real estate sales price changes

   9. 0900 · MCD · Mortgage Closing Data · Max 1 · Optional

      To provide details about loan settlement

   10. 0920 · SOM · Status of Mortgage · Max 1 · Optional

       To provide information on the status of a mortgage and the date actions were taken regarding the loan and the property

   11. 0950 · NTE · Note/Special Instruction · Max >1 · Optional

       To transmit information in a free-form format, if necessary, for comment or special instruction

   12. 0960 · LIN · Item Identification · Max >1 · Optional

       To specify basic item identification data

   13. 0970 · BEP · Borrower Education Program · Max 1 · Optional

       To identify the type and location of borrower education provided

   14. NX1 Loop Optional Repeat 10

       1. 1000 · NX1 · Property or Entity Identification · Max 1 · Mandatory

          To define the attributes of a property or an entity

          The NX1 loop contains information about the subject property.

       2. 1100 · NX2 · Location ID Component · Max 30 · Mandatory

          To define types and values of a geographic location

       3. 1200 · REA · Real Estate Property Information · Max 1 · Optional

          To provide a description of real estate or general property information

       4. 1300 · PDS · Property Description/Legal Description · Max 10 · Optional

          To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision

       5. 1400 · PDE · Property Metes and Bounds Description · Max 50 · Optional

          To describe real estate property by boundary lines with their terminal points and angles; this segment defines legal boundaries of real estate property

       6. 1410 · QTY · Quantity Information · Max >1 · Optional

          To specify quantity information

       7. 1420 · YNQ · Yes/No Question · Max >1 · Optional

          To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

          The YNQ segment is used to describe specific subject property attributes. (e.g. Is this an energy efficient home? Is the property in a government approved condominium project?)

   15. PEX Loop Mandatory Repeat 20

       1. 1500 · PEX · Property or Housing Expense · Max 1 · Mandatory

          To provide housing expense information

          The PEX loop provides the proposed monthly housing expenses.

       2. 1600 · MSG · Message Text · Max 1 · Optional

          To provide a free-form format that allows the transmission of text information

   16. AMT Loop Optional Repeat >1

       1. 1700 · AMT · Monetary Amount Information · Max 1 · Mandatory

          To indicate the total monetary amount

          The AMT loop contains financing terms, refinance and construction loan information.

       2. 1800 · MSG · Message Text · Max 1 · Optional

          To provide a free-form format that allows the transmission of text information

       3. 1810 · PCT · Percent Amounts · Max >1 · Optional

          To qualify percent amounts and supply percent amounts

   17. IN1 Loop Mandatory Repeat 15

       1. 1900 · IN1 · Individual Identification · Max 1 · Mandatory

          To provide identification of an individual or entity

          The IN1 loop identifies the borrower(s) and their asset and liability information.

       2. 2000 · IN2 · Individual Name Structure Components · Max 10 · Mandatory

          To sequence individual name components for maximum specificity

       3. 2100 · YNQ · Yes/No Question · Max 19 · Mandatory

          To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

       4. 2200 · DTP · Date or Time or Period · Max 3 · Optional

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

       5. 2300 · REF · Reference Information · Max >1 · Optional

          To specify identifying information

       6. 2400 · AMT · Monetary Amount Information · Max >1 · Optional

          To indicate the total monetary amount

       7. 2500 · DMG · Demographic Information · Max 1 · Optional

          To supply demographic information

       8. 2600 · N10 · Quantity and Description · Max 1 · Optional

          To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value

       9. 2700 · MSG · Message Text · Max 1 · Optional

          To provide a free-form format that allows the transmission of text information

       10. 2800 · PER · Administrative Communications Contact · Max 1 · Optional

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

       11. 2900 · QTY · Quantity Information · Max >1 · Optional

           To specify quantity information

       12. 3000 · FTH · First Time Home Buyer · Max 1 · Optional

           To capture the first time home buyer information found in section of the Loan Application

       13. 3200 · PPY · Personal Property Description · Max 20 · Optional

           To provide details of personal property

       14. AIN Loop Optional Repeat >1

           1. 3210 · AIN · Income · Max 1 · Mandatory

              To provide type and amount of income obtained

              The AIN loop provides information about the borrower's income.

           2. 3220 · YNQ · Yes/No Question · Max >1 · Optional

              To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

              The YNQ segment determines the income's relationship to its source or the taxability of the income. A "Y" means that the income is from a primary source or is taxable. A "N" means the income is from a secondary source or is not taxable.

       15. PEX Loop Optional Repeat 20

           1. 3800 · PEX · Property or Housing Expense · Max 1 · Mandatory

              To provide housing expense information

              The PEX loop provides current housing expense information.

           2. 3900 · MSG · Message Text · Max 1 · Optional

              To provide a free-form format that allows the transmission of text information

       16. NX1 Loop Optional Repeat 10

           1. 4000 · NX1 · Property or Entity Identification · Max 1 · Mandatory

              To define the attributes of a property or an entity

              The NX1 loop provides the applicant's current and previous residence information.

           2. 4100 · NX2 · Location ID Component · Max 30 · Mandatory

              To define types and values of a geographic location

           3. 4200 · N10 · Quantity and Description · Max 1 · Optional

              To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value

           4. 4300 · ARS · Applicant Residence Specifics · Max 1 · Optional

              To provide type of residency

       17. N1 Loop Optional Repeat 20

           1. 4400 · N1 · Party Identification · Max 1 · Mandatory

              To identify a party by type of organization, name, and code

              The N1 loop provides the applicant's current and previous employment information.

           2. 4500 · N2 · Additional Name Information · Max 2 · Optional

              To specify additional names

           3. 4600 · N3 · Party Location · Max 2 · Optional

              To specify the location of the named party

           4. 4700 · N4 · Geographic Location · Max 1 · Optional

              To specify the geographic place of the named party

           5. 4800 · PER · Administrative Communications Contact · Max 1 · Optional

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

           6. 4900 · YNQ · Yes/No Question · Max 1 · Optional

              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 a borrower is self employed. A "Y" indicates that the borrower is self employed.

           7. 5000 · EMS · Employment Position · Max 1 · Optional

              To describe employment position

           8. 5100 · QTY · Quantity Information · Max >1 · Optional

              To specify quantity information

           9. 5300 · AMT · Monetary Amount Information · Max 1 · Optional

              To indicate the total monetary amount

       18. REA Loop Optional Repeat 20

           1. 5400 · REA · Real Estate Property Information · Max 1 · Mandatory

              To provide a description of real estate or general property information

              The REA loop provides information about other properties owned.

           2. 5500 · AMT · Monetary Amount Information · Max 6 · Mandatory

              To indicate the total monetary amount

           3. 5600 · NX1 · Property or Entity Identification · Max 1 · Mandatory

              To define the attributes of a property or an entity

           4. 5700 · NX2 · Location ID Component · Max 30 · Mandatory

              To define types and values of a geographic location

       19. NM1 Loop Optional Repeat 20

           1. 5750 · NM1 · Individual or Organizational Name · Max 1 · Mandatory

              To supply the full name of an individual or organizational entity

              The NM1 loop provides alias information used to obtain credit.

           2. 5790 · ACT · Account Identification · Max 10 · Optional

              To specify account information

       20. CDA Loop Optional Repeat 100

           1. 5800 · CDA · Consumer Credit Account · Max 1 · Mandatory

              To provide duration, amount and associated information on consumer credit accounts

              The CDA loop provides consumer credit account information.

           2. 5900 · YNQ · Yes/No Question · Max >1 · Optional

              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 a liability will be satisfied by the sale of owned real estate or by refinancing a current loan, if the liability has a co-signer, or if the liability is subordinated. A "Y" means that the liability will be satisfied by a sale or refinance, that the liability has a co-signer, or that the liability is resubordinated.

           3. 6000 · N1 · Party Identification · Max 1 · Optional

              To identify a party by type of organization, name, and code

           4. 6100 · N2 · Additional Name Information · Max 2 · Optional

              To specify additional names

           5. 6200 · N3 · Party Location · Max 2 · Optional

              To specify the location of the named party

           6. 6300 · N4 · Geographic Location · Max 1 · Optional

              To specify the geographic place of the named party

           7. 6400 · PER · Administrative Communications Contact · Max 1 · Optional

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

           8. 6410 · CRC · Conditions Indicator · Max >1 · Optional

              To supply information on conditions

       21. FAA Loop Optional Repeat 100

           1. 6500 · FAA · Financial Asset Account · Max 1 · Mandatory

              To provide duration, amount and associated information on financial assets

              The FAA loop provides financial asset information.

           2. 6600 · N1 · Party Identification · Max 1 · Optional

              To identify a party by type of organization, name, and code

           3. 6700 · N2 · Additional Name Information · Max 2 · Optional

              To specify additional names

           4. 6800 · N3 · Party Location · Max 2 · Optional

              To specify the location of the named party

           5. 6900 · N4 · Geographic Location · Max 1 · Optional

              To specify the geographic place of the named party

           6. 7000 · PER · Administrative Communications Contact · Max 1 · Optional

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

           7. 7040 · MSG · Message Text · Max 1 · Optional

              To provide a free-form format that allows the transmission of text information

       22. 7050 · LS · Loop Header · Max 1 · Optional

           To indicate that the next segment begins a loop

       23. AMT Loop Optional Repeat 10

           1. 7100 · AMT · Monetary Amount Information · Max 1 · Mandatory

              To indicate the total monetary amount

              The AMT loop provides alimony and child support income and expense information along with job related, liability, and other expense information.

           2. 7200 · MSG · Message Text · Max 1 · Optional

              To provide a free-form format that allows the transmission of text information

           3. 7210 · QTY · Quantity Information · Max 1 · Optional

              To specify quantity information

           4. 7220 · YNQ · Yes/No Question · Max 1 · Optional

              To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

              The YNQ segment determines how the Federal Housing Administration (FHA) treats alimony in the home purchase process. A "Y" indicates that alimony will be treated as a reduction to total income. A "N" indicates that alimony will be included in the aggregate of obligations.

       24. 7250 · LE · Loop Trailer · Max 1 · Optional

           To indicate that the loop immediately preceding this segment is complete

   18. LX Loop Mandatory Repeat >1

       1. 7300 · LX · Transaction Set Line Number · Max 1 · Mandatory

          To reference a line number in a transaction set

          The LX loop contains information about the interviewer who obtained the loan application data and other parties to the real estate transaction.

       2. 7400 · N1 · Party Identification · Max 1 · Optional

          To identify a party by type of organization, name, and code

       3. 7500 · N2 · Additional Name Information · Max 2 · Optional

          To specify additional names

       4. 7600 · N3 · Party Location · Max 2 · Optional

          To specify the location of the named party

       5. 7700 · N4 · Geographic Location · Max 1 · Optional

          To specify the geographic place of the named party

       6. 7800 · PER · Administrative Communications Contact · Max >1 · Optional

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

       7. 7900 · DTP · Date or Time or Period · Max 1 · Optional

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

2. 8000 · SE · Transaction Set Trailer · Max 1 · Mandatory

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