202 Secondary Mortgage Market Loan Delivery

Functional Group MJ

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Secondary Mortgage Market Loan Delivery Transaction Set (202) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to report mortgage loan information (i.e., borrower, property, underwriting information, etc.) among mortgage lenders, mortgage service vendors, and secondary mortgage market organizations.

Heading

Position
Segment
Name
Max use
0100
Transaction Set HeaderMandatory
Max 1
To indicate the start of a transaction set and to assign a control number
0200
Beginning SegmentMandatory
Max 1
To indicate the beginning of a transaction set
0300
TraceOptional
Max 1
To uniquely identify a transaction to an application
0400
Date or Time or PeriodOptional
Max 1
To specify any or all of a date, a time, or a time period
N1 Loop
Repeat 5
0500
Party IdentificationMandatory
Max 1
To identify a party by type of organization, name, and code
The N1 Loop is used to identify the sender and receiver information.
0700
Party LocationOptional
Max 2
To specify the location of the named party
0800
Geographic LocationOptional
Max 1
To specify the geographic place of the named party
0900
Reference InformationOptional
Max 3
To specify identifying information
1000
Administrative Communications ContactOptional
Max 2
To identify a person or office to whom administrative communications should be directed

Detail

Position
Segment
Name
Max use
N9 Loop
Repeat >1
0100
Extended Reference InformationMandatory
Max 1
To transmit identifying information as specified by the Reference Identification Qualifier
The N9 segment identifies the issuer reference number or originator of the mortgage reference number.
DEX Loop
Repeat >1
0200
Delivery Execution InformationMandatory
Max 1
To provide loan delivery and contract information
The DEX Loop is used to report loan delivery execution and contract data for mortgage loans.
0300
Reference InformationMandatory
Max 15
To specify identifying information
The REF segment identifies the subservicer number, master contract number, contract number, and pool number for the loans being delivered.
0400
Contract InformationOptional
Max 1
To specify basic data about the contract or contract line item
0500
Percent AmountsOptional
Max 10
To qualify percent amounts and supply percent amounts
0600
InterestOptional
Max 10
To specify interest rate and type and the applicable time period
0700
Monetary Amount InformationOptional
Max 4
To indicate the total monetary amount
0800
Quantity InformationOptional
Max 5
To specify quantity information
The QTY segment is used to report contract information such as commitment period, contract buyup and buydown.
0900
Mortgage Pool ProgramOptional
Max 1
To identify mortgage pool types
The MPP segment identifies Government National Mortgage Association (GNMA) and Fannie Mae (FNMA) pool information.
1000
Date or Time or PeriodOptional
Max 10
To specify any or all of a date, a time, or a time period
ASM Loop
Repeat >1
1200
Amount and Settlement MethodMandatory
Max 1
Defines a participant's monetary commitment and settlement method
The ASM Loop is used to identify wire instructions, proceed amounts and account numbers associated with the contract or pool funding.
1300
Party IdentificationOptional
Max 1
To identify a party by type of organization, name, and code
1400
Reference InformationOptional
Max 5
To specify identifying information
NM1 Loop
Repeat >1
1500
Individual or Organizational NameMandatory
Max 1
To supply the full name of an individual or organizational entity
The NM1 segment identifies the document custodian of the mortgage.
LX Loop
Repeat >1
1600
Transaction Set Line NumberMandatory
Max 1
To reference a line number in a transaction set
The LX Loop is used to identify mortgage loan level information.
1700
Reference InformationOptional
Max 15
To specify identifying information
1800
Monetary Amount InformationOptional
Max 20
To indicate the total monetary amount
1900
Date or Time or PeriodOptional
Max 5
To specify any or all of a date, a time, or a time period
2000
Yes/No QuestionOptional
Max 10
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment is used to answer questions about the loan such as third party originated, capitalized mortgage, property covered by flood insurance, etc.
2100
Quantity InformationOptional
Max 5
To specify quantity information
The QTY segment is used to report the number of borrowers, guaranty fee rates, or buyup or buydown rates.
2200
Party IdentificationOptional
Max 6
To identify a party by type of organization, name, and code
2400
Loan UnderwritingOptional
Max 1
To identify the loan underwriting codes
2500
Down Payment DataOptional
Max 50
To provide amount or nature of loan down payment
2600
InterestOptional
Max 6
To specify interest rate and type and the applicable time period
2700
Payment Pattern DetailsOptional
Max 1
To identify the payment pattern of specific, credit-related items
2800
PaperworkOptional
Max 2
To identify the type or transmission or both of paperwork or supporting information
2900
Loan BuydownOptional
Max 1
To describe the features of a loan buydown
3000
Property or Housing ExpenseOptional
Max 10
To provide housing expense information
3100
Borrower Education ProgramOptional
Max 2
To identify the type and location of borrower education provided
IGI Loop
Repeat >1
3200
Insurer or Guarantor InformationMandatory
Max 1
To identify the mortgage insurer or guarantor and provide information about the insurance coverage
The IGI loop is used to identify information associated with mortgage insurance including the mortgage insurance certificate numbers.
3300
Reference InformationOptional
Max 1
To specify identifying information
3400
Percent AmountsOptional
Max 10
To qualify percent amounts and supply percent amounts
NX1 Loop
Repeat >1
3500
Property or Entity IdentificationMandatory
Max 1
To define the attributes of a property or an entity
The NX1 loop is used to describe the characteristics of the subject property.
3600
Location ID ComponentOptional
Max 15
To define types and values of a geographic location
3700
Real Estate Property InformationOptional
Max 1
To provide a description of real estate or general property information
3800
Property Description/Legal DescriptionOptional
Max 2
To provide specifics on property or legal description; this segment provides for a simple legal description such as lot, block and subdivision
LN1 Loop
Repeat 5
3900
Loan Specific DataMandatory
Max 1
To provide high-level information about a loan
The LN1 loop is used for high level and subordinate loan level information.
4000
Yes/No QuestionOptional
Max 1
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment identifies if a subject lien is involved.
4100
Date or Time or PeriodOptional
Max 5
To specify any or all of a date, a time, or a time period
4200
Reference InformationOptional
Max 10
To specify identifying information
CRC Loop
Repeat >1
4300
Conditions IndicatorMandatory
Max 1
To supply information on conditions
The CRC Loop is used to identify the borrower and co-borrower information at either the summary loan level or the individual borrower level.
4400
Individual IdentificationOptional
Max 1
To provide identification of an individual or entity
The IN1 segment identifies the borrower and co-borrower name.
4500
Individual Name Structure ComponentsOptional
Max 30
To sequence individual name components for maximum specificity
4600
Demographic InformationOptional
Max 1
To supply demographic information
4700
Quantity InformationOptional
Max 10
To specify quantity information
The QTY segment is used to report borrower age, years employed by company, total other properties owned and financed, or total number of dependents.
4800
Party IdentificationOptional
Max 1
To identify a party by type of organization, name, and code
4900
Yes/No QuestionOptional
Max 5
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment identifies whether the borrower is self employed or a non-occupant co-borrower.
5000
IncomeOptional
Max 10
To provide type and amount of income obtained
5100
Monetary Amount InformationOptional
Max 15
To indicate the total monetary amount
SCM Loop
Repeat >1
5200
Credit Score ModelMandatory
Max 1
To define the credit score model used and the related score
The SCM loop is used to capture credit scoring information for borrower and co-borrower.
5300
Credit ScoreOptional
Max 5
To identify evaluation factors used in determining an applicant's credit score
PAM Loop
Repeat 4
5400
Period AmountMandatory
Max 1
To indicate a quantity, and/or amount for an identified period
The PAM Loop is used to identify the number of bedrooms in each unit of the property and gross rental income per unit.
5500
Yes/No QuestionMandatory
Max 1
To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition
The YNQ segment determines whether the unit should be counted as an efficiency or studio.
5600
Reference InformationMandatory
Max 1
To specify identifying information
UWI Loop
Repeat 5
5700
Underwriting InformationMandatory
Max 1
To identify the type of underwriting used to underwrite a mortgage loan
The UWI Loop is used to identify automated underwriting system information.
5900
Reference InformationOptional
Max 1
To specify identifying information
6000
Message TextOptional
Max >1
To provide a free-form format that allows the transmission of text information

Summary

Position
Segment
Name
Max use
0100
Transaction TotalsOptional
Max 1
To transmit a hash total for a specific element in the transaction set
The CTT segment is used to provide summary information on the number of loans in delivery. It is the count of the number of iterations of the LX loop. Each LX loop defines a single loan.
0200
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)

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