EDI 263 Residential Mortgage Insurance Application Response

This X12 Transaction Set contains the format and establishes the data contents of the Residential Mortgage Insurance Application Response Transaction Set (263) for use within the context of an Electronic Data Interchange (EDI) environment. This standard is used by a mortgage insurance company to communicate the receipt and disposition of a Residential Mortgage Insurance Application Transaction Set (872). It will be used to provide the mortgage originator with the results of the insurance application and, if accepted, will provide basic information about the insurance coverage. It can also be used to confirm certification of coverage. It is not intended to replace the legal commitment (Certificate of Coverage of Insurance) which will continue to be delivered in its current form.

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

300

Party Identification

Mandatory

AtMax 2

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

LOOP

Mandatory

GT 1

100

Transaction Set Line Number

Mandatory

AtMax 1

To reference a line number in a transaction set

200

Party Identification

Mandatory

AtMax 1

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

REF

LOOP

Mandatory

GT 1

300

REF

Reference Information

Mandatory

AtMax 1

To specify identifying information

400

Party Identification

Mandatory

AtMax 1

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

500

MIR

Mortgage Insurance Response

Mandatory

AtMax 1

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

600

TXI

Tax Information

Opt

AtMax 5

To specify tax information

650

Extended Reference Information

Opt

AtMax 10

To transmit identifying information as specified by the Reference Identification Qualifier

660

MIC

Mortgage Insurance Coverage

Opt

AtMax 1

To describe the type and extent of mortgage insurance

G63

LOOP

Opt

GT 1

700

G63

Period

Opt

AtMax 1

To define the billing periods

800

PCT

Percent Amounts

Opt

AtMax 1

To qualify percent amounts and supply percent amounts

900

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 263 Residential Mortgage Insurance Application Response

Segments

Elements