PRD Mortgage Loan Product Description
Batch
To describe terms of a mortgage product
Elements
| Position | Element | Name | Type | Min/Max | Repeat | |
|---|---|---|---|---|---|---|
| 1 | 1085 | Loan Payment Type Code | Mandatory | ID | 2/2 | 1 |
| 2 | 380 | Quantity | Opt | Decimal | 1/15 | 1 |
| 3 | 122 | Rate/Value Qualifier | Opt | ID | 2/2 | 1 |
| 4 | 1086 | Loan Rate Type Code | Opt | ID | 1/1 | 1 |
| 5 | 954 | Percent | Opt | Decimal | 1/10 | 1 |
| 6 | 380 | Quantity | Opt | Decimal | 1/15 | 1 |
| 7 | 380 | Quantity | Opt | Decimal | 1/15 | 1 |
| 8 | 1073 | Yes/No Condition or Response Code | Opt | ID | 1/1 | 1 |
| 9 | 1073 | Yes/No Condition or Response Code | Opt | ID | 1/1 | 1 |
| 10 | 380 | Quantity | Opt | Decimal | 1/15 | 1 |
| 11 | 782 | Monetary Amount | Opt | Decimal | 1/18 | 1 |
Element Details
ID1085
NameLoan Payment Type Code
LengthMin 2 / Max 2
Position1
RequirementMandatory
Codes
- <>15Tiered
- <>07Interest Only with Balloon
- <>25Seven-year Balloon
- <>28Balloon
- <>13Other Loan Payment Type
- <>31Semi-monthly Principal Payment
- <>14Step Rate
- <>22Non-level
- <>19Shared Appreciation
- <>29Single
- <>12Fixed Payment With Buydown
- <>30Fixed Principal Payment
- <>17Reverse Annuity
- <>01Adjustable Payment Based on Index
- <>23Biweekly
- <>18Reverse Installment Buydown
- <>04Growing Equity Mortgage (GEM)
- <>26Regular Reducing
- <>16Renegotiated Rate
- <>20Second Mortgage
- <>02Fixed Payment with Balloon Option
- <>27Skip
- <>05Fixed Payment
- <>08Graduated Payment Adjustable Rate Mortgage
- <>11Collateral Pledge Graduated Payment Mortgage
- <>03Pledged
- <>21Interest Only
- <>24Five-year Balloon
- <>06Graduated Payment Mortgage (GPM)
- <>10Wraparound Mortgage
- <>09Extended Term