Zenbridge
EDI Dictionary

C048 Composite Use of Proceeds

To identify one or more uses of loan proceeds

Batch

Elements

PositionElementNameTypeMin/MaxRepeat
C048-11082Use of Proceeds CodeMandatoryID2/21
C048-21680Refinance Type CodeOptID2/21
C048-31082Use of Proceeds CodeOptID2/21
C048-41073Yes/No Condition or Response CodeOptID1/11

Element Details

ID1082
NameUse of Proceeds Code
LengthMin 2 / Max 2
Codes
  • <>07
    Increase Rate
  • <>25
    Rate or Term Refinance with Cash Out
  • <>13
    Change in Loan Type
  • <>14
    Other Purpose
  • <>22
    Combined Construction and Permanent
  • <>ZZ
    Mutually Defined
  • <>12
    Debt Consolidation
  • <>17
    Reduce Rate
  • <>01
    Cash
  • <>23
    Increase Term
  • <>18
    Equity Takeout
  • <>04
    Home Improvement
  • <>16
    Purchase
  • <>20
    Construction to Permanent
  • <>02
    Change in Rate or Term or Both
  • <>05
    Education
  • <>08
    Reduce Term
  • <>21
    Construction
  • <>24
    Balloon Satisfaction
  • <>06
    Medical
  • <>09
    Adjustable Rate to Fixed Rate