MIR Mortgage Insurance Response

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

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Position: MIR-01 · Element: 1097 · Name: Mortgage Insurance Application Type Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code identifying the type of Mortgage Insurance application

Position: MIR-02 · Element: 1209 · Name: Underwriting Decision Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 1 · Max: 1 · Repeat: 1

Code indicating the decision made by the underwriter

Position: MIR-03 · Element: 1099 · Name: Mortgage Insurance Certificate Type Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating whether Mortgage Insurance certificate is for primary loan or pool loan or both

Position: MIR-04 · Element: 127 · Name: Reference Identification · Type: String (AN) · Requirement: Optional · Min: 1 · Max: 80 · Repeat: 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.

Position: MIR-05 · Element: 954 · Name: Percentage as Decimal · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: 1

Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)

MIR05 defines the percentage of the premium of the initial term.

Position: MIR-06 · Element: 610 · Name: Amount · Type: N2 · Requirement: Optional · Min: 1 · Max: 15 · Repeat: 1

Monetary amount

MIR06 defines the amount of the premium of the initial term.

MIR-07 C001 Composite Unit of Measure Composite (composite) Conditional 1

Position: 01 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Mandatory · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 02 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-02 is not used, its value is to be interpreted as 1.

Position: 03 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

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.

Position: 04 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 05 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-05 is not used, its value is to be interpreted as 1.

Position: 06 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

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.

Position: 07 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 08 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-08 is not used, its value is to be interpreted as 1.

Position: 09 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

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.

Position: 10 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 11 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-11 is not used, its value is to be interpreted as 1.

Position: 12 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

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.

Position: 13 · Element: 355 · Name: Unit or Basis for Measurement Code · Type: Identifier (ID) · Requirement: Optional · Min: 2 · Max: 2 · Repeat: -

Code specifying the units in which a value is being expressed, or manner in which a measurement has been taken

Position: 14 · Element: 1018 · Name: Exponent · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 15 · Repeat: -

Power to which a unit is raised

If C001-14 is not used, its value is to be interpreted as 1.

Position: 15 · Element: 649 · Name: Multiplier · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: -

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.

Position: MIR-08 · Element: 380 · Name: Quantity · Type: Decimal number (R) · Requirement: Conditional · Min: 1 · Max: 15 · Repeat: 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.

Position: MIR-09 · Element: 954 · Name: Percentage as Decimal · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: 1

Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)

MIR09 defines the amount of mortgage insurance as a percentage.

Position: MIR-10 · Element: 954 · Name: Percentage as Decimal · Type: Decimal number (R) · Requirement: Optional · Min: 1 · Max: 10 · Repeat: 1

Percentage expressed as a decimal (e.g., 0.0 through 1.0 represents 0% through 100%)

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.

Position: MIR-11 · Element: 1102 · Name: Mortgage Insurance Renewal Option Code · Type: Identifier (ID) · Requirement: Optional · Min: 1 · Max: 1 · Repeat: 1

Code indicating the type of renewal option for Mortgage Insurance

Position: MIR-12 · Element: 373 · Name: Date · Type: Date (DT) · Requirement: Optional · Min: 8 · Max: 8 · Repeat: 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.