EDI 872 Residential Mortgage Insurance Application

This X12 Transaction Set contains the format and establishes the data contents of the Residential Mortgage Insurance Application Transaction Set (872) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction can be used by a mortgage originator to request mortgage insurance and to provide supporting information needed to obtain a mortgage insurance commitment on one or several residential mortgage loans. It can also be used, in conjunction with other transaction sets, to provide information needed to obtain an automated underwriting decision from a residential real estate automated underwriting system.

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 5

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

NM1

LOOP

Mandatory

GT 1

200

NM1

Individual or Organizational Name

Mandatory

AtMax 1

To supply the full name of an individual or organizational entity

300

REF

Reference Information

Opt

AtMax 12

To specify identifying information

LRQ

LOOP

Mandatory

GT 1

400

LRQ

Mortgage Characteristics Requested

Mandatory

AtMax 1

To describe the characteristics of a mortgage requested by the applicant(s)

500

LN1

Loan Specific Data

Mandatory

AtMax 1

To provide high-level information about a loan

600

PRD

Mortgage Loan Product Description

Opt

AtMax 1

To describe terms of a mortgage product

700

MIC

Mortgage Insurance Coverage

Opt

AtMax 5

To describe the type and extent of mortgage insurance

800

PER

Administrative Communications Contact

Opt

AtMax 5

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

900

REF

Reference Information

Opt

GT 1

To specify identifying information

1000

PEX

Property or Housing Expense

Opt

AtMax 20

To provide housing expense information

1020

RES

Real Estate Sales Price Change

Opt

GT 1

To provide the type, source, and amount of real estate sales price changes

CDI

LOOP

Opt

GT 1

1120

CDI

Change Detail Information

Opt

AtMax 1

To provide information on changes or adjustments

LOOP

Opt

GT 1

1140

Transaction Set Line Number

Opt

AtMax 1

To reference a line number in a transaction set

1160

VDI

Value Description or Information

Opt

GT 1

To provide detailed description of a financial value

1180

YNQ

Yes/No Question

Opt

GT 1

To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

1200

AMT

Monetary Amount Information

Opt

GT 1

To indicate the total monetary amount

1220

PCT

Percent Amounts

Opt

GT 1

To qualify percent amounts and supply percent amounts

1240

DTP

Date or Time or Period

Opt

GT 1

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

1260

III

Information

Opt

GT 1

To report information

1280

BUY

Loan Buydown

Opt

AtMax 1

To describe the features of a loan buydown

SCM

LOOP

Opt

AtMax 10

1400

SCM

Credit Score Model

Opt

AtMax 1

To define the credit score model used and the related score

1500

SCS

Credit Score

Opt

AtMax 5

To identify evaluation factors used in determining an applicant's credit score

1510

DTP

Date or Time or Period

Opt

AtMax 1

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

NX1

LOOP

Opt

AtMax 5

1600

NX1

Property or Entity Identification

Opt

AtMax 1

To define the attributes of a property or an entity

1700

NX2

Location ID Component

Mandatory

AtMax 30

To define types and values of a geographic location

PAS

LOOP

Mandatory

AtMax 5

1800

PAS

Property Appraisal Summary

Mandatory

AtMax 1

To provide high-level information about the property valuation

1900

Party Identification

Opt

AtMax 2

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

2100

MSG

Message Text

Opt

AtMax 10

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

REF

LOOP

Opt

GT 1

2110

REF

Reference Information

Opt

AtMax 1

To specify identifying information

2120

AMT

Monetary Amount Information

Opt

GT 1

To indicate the total monetary amount

IN1

LOOP

Opt

AtMax 12

2200

IN1

Individual Identification

Opt

AtMax 1

To provide identification of an individual or entity

2300

IN2

Individual Name Structure Components

Mandatory

AtMax 10

To sequence individual name components for maximum specificity

2400

YNQ

Yes/No Question

Opt

AtMax 5

To identify and answer yes and no questions, including the date, time, and comments further qualifying the condition

2500

DMG

Demographic Information

Opt

AtMax 1

To supply demographic information

2600

MSG

Message Text

Opt

AtMax 1

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

2700

N10

Quantity and Description

Opt

AtMax 1

To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value

2800

BFS

Borrower Financial Summary

Opt

AtMax 1

To provide summary totals for borrower's financial position

SCM

LOOP

Opt

AtMax 10

2900

SCM

Credit Score Model

Opt

AtMax 1

To define the credit score model used and the related score

3000

SCS

Credit Score

Opt

AtMax 5

To identify evaluation factors used in determining an applicant's credit score

3010

DTP

Date or Time or Period

Opt

AtMax 1

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

NX1

LOOP

Opt

AtMax 10

3100

NX1

Property or Entity Identification

Opt

AtMax 1

To define the attributes of a property or an entity

3200

NX2

Location ID Component

Mandatory

AtMax 30

To define types and values of a geographic location

3300

N10

Quantity and Description

Opt

AtMax 1

To indicate line item quantity, description, marks and numbers, commodity code, weight, and customs value

REA

LOOP

Opt

AtMax 1

3500

REA

Real Estate Property Information

Opt

AtMax 1

To provide a description of real estate or general property information

3600

AMT

Monetary Amount Information

Opt

AtMax 10

To indicate the total monetary amount

MCD

LOOP

Opt

AtMax 1

3700

MCD

Mortgage Closing Data

Opt

AtMax 1

To provide details about loan settlement

3800

AMT

Monetary Amount Information

Opt

AtMax 10

To indicate the total monetary amount

PRJ

LOOP

Opt

AtMax 1

4100

PRJ

Multifamily Housing Project

Opt

AtMax 1

To describe attributes of a multifamily housing project

4200

PER

Administrative Communications Contact

Opt

AtMax 10

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

4300

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 872 Residential Mortgage Insurance Application

Segments

Elements