EDI 872 Residential Mortgage Insurance Application

Functional Group ME

X12F Finance Subcommittee

This X12 Transaction Set contains the format and establishes the data contents of the Residential Mortgage Insurance Application Transaction Set (872) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction can be used by a mortgage originator to request mortgage insurance and to provide supporting information needed to obtain a mortgage insurance commitment on one or several residential mortgage loans. 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

Position
Segment
Name
Max use
  1. To indicate the start of a transaction set and to assign a control number

  2. To indicate the beginning of a transaction set

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

    The N1 Segment identifies the transaction requester and service provider entities.

Detail

Position
Segment
Name
Max use
  1. NM1 Loop Mandatory
    Repeat >1
    1. To supply the full name of an individual or organizational entity

      The NM1 Segment identifies the loan originator.
    2. To specify identifying information

    3. LRQ Loop Mandatory
      Repeat >1
      1. To describe the characteristics of a mortgage requested by the applicant(s)

        The LRQ Loop contains information about the loan, borrower, property, and requested coverage.
      2. To provide high-level information about a loan

      3. To describe terms of a mortgage product

      4. To describe the type and extent of mortgage insurance

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

      6. To specify identifying information

      7. To provide housing expense information

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

      9. CDI Loop Optional
        Repeat >1
        1. To provide information on changes or adjustments

        2. LX Loop Optional
          Repeat >1
          1. To reference a line number in a transaction set

          2. To provide detailed description of a financial value

          3. 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 regarding the details of specific adjustable mortgage options. (e.g. Is a Fee Required? Is the mortgage payment interest only? Do prepayment restrictions apply?)
          4. To indicate the total monetary amount

          5. To qualify percent amounts and supply percent amounts

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

          7. To report information

          8. To describe the features of a loan buydown

      10. SCM Loop Optional
        Repeat 10
        1. To define the credit score model used and the related score

          The SCM Loop contains scores which pertain to the entire loan.
        2. To identify evaluation factors used in determining an applicant's credit score

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

      11. NX1 Loop Optional
        Repeat 5
        1. To define the attributes of a property or an entity

          The NX1 Loop contains the address of the subject property.
        2. To define types and values of a geographic location

        3. PAS Loop Mandatory
          Repeat 5
          1. To provide high-level information about the property valuation

            The PAS Loop contains the subject property's appraisal information.
          2. To identify a party by type of organization, name, and code

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

          4. REF Loop Optional
            Repeat >1
            1. To specify identifying information

              The REF loop is used to describe appraised property comparable values.
            2. To indicate the total monetary amount

      12. IN1 Loop Optional
        Repeat 12
        1. To provide identification of an individual or entity

          The IN1 Loop contains information about the Borrower(s).
        2. To sequence individual name components for maximum specificity

        3. 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 relating to the Home Mortgage Disclosure Act (HMDA). (e.g. Is the borrower a first time home buyer? Did the borrower provide demographic information?)
        4. To supply demographic information

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

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

        7. To provide summary totals for borrower's financial position

        8. SCM Loop Optional
          Repeat 10
          1. To define the credit score model used and the related score

            The SCM Loop contains scores for the individual borrower defined in the IN1 Loop.
          2. To identify evaluation factors used in determining an applicant's credit score

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

        9. NX1 Loop Optional
          Repeat 10
          1. To define the attributes of a property or an entity

            The NX1 Loop contains current and previous address information for the borrower defined in the IN1 Loop.
          2. To define types and values of a geographic location

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

      13. REA Loop Optional
        Repeat 1
        1. To provide a description of real estate or general property information

          The REA Loop contains general information about the subject property.
        2. To indicate the total monetary amount

      14. MCD Loop Optional
        Repeat 1
        1. To provide details about loan settlement

          The MCD Loop contains mortgage loan closing information.
        2. To indicate the total monetary amount

      15. PRJ Loop Optional
        Repeat 1
        1. To describe attributes of a multifamily housing project

          The PRJ Loop contains multifamily housing project information about the subject property.
        2. To identify a person or office to whom administrative communications should be directed

  2. 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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