EDI 260 Application For Mortgage Insurance Benefits

This X12 Transaction Set contains the format and establishes the data contents of the Application for Mortgage Insurance Benefits Transaction Set (260) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used by mortgage lenders to file claims with both government agencies and private mortgage insurers in the event that defaults or foreclosure activity allow for the collection of a third-party guarantee/insurance benefit. The information in a standard format will allow all mortgage insurance claim payments to be requested similarly, whether they be to an investor, insurer, or guarantor.

Segments

Position

Segment

Name

Max use

100

Transaction Set Header

Mandatory

AtMax 1

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

200

BGN

Beginning Segment

Mandatory

AtMax 1

To indicate the beginning of a transaction set

0100

LOOP

Mandatory

AtMax 7

300

Party Identification

Mandatory

AtMax 1

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

400

Additional Name Information

Opt

AtMax 1

To specify additional names

500

Party Location

Opt

AtMax 1

To specify the location of the named party

600

Geographic Location

Opt

AtMax 1

To specify the geographic place of the named party

700

REF

Reference Information

Opt

AtMax 1

To specify identifying information

800

PER

Administrative Communications Contact

Opt

AtMax 1

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

0200

LOOP

Mandatory

GT 1

100

CSI

Claim Status Information

Mandatory

AtMax 1

To indicate the status of a claim for mortgage insurance benefits

200

NM1

Individual or Organizational Name

Mandatory

AtMax 2

To supply the full name of an individual or organizational entity

300

REF

Reference Information

Mandatory

AtMax 6

To specify identifying information

400

Party Location

Mandatory

AtMax 1

To specify the location of the named party

500

Geographic Location

Mandatory

AtMax 1

To specify the geographic place of the named party

600

DTP

Date or Time or Period

Opt

AtMax 2

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

700

INT

Interest

Opt

AtMax 24

To specify interest rate and type and the applicable time period

800

MIR

Mortgage Insurance Response

Opt

AtMax 1

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

850

PER

Administrative Communications Contact

Opt

AtMax 5

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

860

PCT

Percent Amounts

Opt

AtMax 1

To qualify percent amounts and supply percent amounts

900

NTE

Note/Special Instruction

Opt

AtMax 30

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

0210

LOOP

Opt

AtMax 1

1000

DFI

Default Information

Opt

AtMax 1

To specify mortgage loan default information

1100

DTP

Date or Time or Period

Mandatory

AtMax 19

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

1200

AMT

Monetary Amount Information

Mandatory

AtMax 4

To indicate the total monetary amount

0220

LOOP

Opt

AtMax 1

1300

REC

Real Estate Condition

Opt

AtMax 1

To indicate the condition of real estate property and, if applicable, the actions needed to correct damage

1400

AMT

Monetary Amount Information

Opt

AtMax 6

To indicate the total monetary amount

1500

DTP

Date or Time or Period

Opt

AtMax 4

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

0221

LOOP

Opt

AtMax 1

1600

FCL

Foreclosure

Opt

AtMax 1

To specify legal outcome and impact of foreclosure on a lender's claim for mortgage insurance benefits

1700

DTP

Date or Time or Period

Opt

AtMax 5

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

0230

LOOP

Opt

GT 1

1800

FIS

Mortgage Loan Fiscal Data

Opt

AtMax 1

To specify mortgage loan fiscal data when applying for insurance claim benefits

1900

DTP

Date or Time or Period

Opt

AtMax 1

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

1950

MSG

Message Text

Opt

AtMax 1

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

2000

Transaction Set Trailer

Mandatory

AtMax 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)

Elements

Position	Element	Name	Requirement	Type	Min/Max	Repeat

1	143	Transaction Set Identifier Code	Mandatory	ID	3/3	1

2	329	Transaction Set Control Number	Mandatory	Alphanumeric	4/9	1

3	1705	Implementation Convention Reference	Opt	Alphanumeric	1/35	1

EDI Dictionary

EDI 260 Application For Mortgage Insurance Benefits

Segments

Elements