LUC Loan Underwriting

Opt
AtMax 1

To identify the loan underwriting codes

Elements

PositionElementNameTypeMin/MaxRepeat
1
1103
Loan Documentation Type CodeMandatoryID1/1AtMax 1
2
1081
Loan Purpose CodeMandatoryID2/2AtMax 1
C048Composite Use of ProceedsOpt
AtMax 1
4
54
Risk of Loss CodeOptID2/2AtMax 1

Element Details

ID1103
NameLoan Documentation Type Code
LengthMin 1 / Max 1
Position1
RequirementMandatory
Codes
  • <>G
    No Deposit, Employment, or Income Verification
  • <>A
    Alternative
  • <>D
    No Deposit Verification
  • <>B
    Streamlined Refinance
  • <>R
    Reduced
  • <>E
    No Employment or Income Verification
  • <>C
    No Document
  • <>F
    Full