NOT FOR IMPLEMENTATION

260 Application for Mortgage Insurance Benefits
FUNCTIONAL GROUP=MG
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.
Table 1
pos.noseg.id namereq.desmax loop.rep
0100 ST Transaction Set Header M 1
0200 BGN Beginning Segment M 1
LOOP ID - 0100 7
N 0300 N1 Party Identification M 1
0400 N2 Additional Name Information O 1
0500 N3 Party Location O 1
0600 N4 Geographic Location O 1
N 0700 REF Reference Information O 1
0800 PER Administrative Communications Contact O 1
Table 2
pos.noseg.id namereq.desmax loop.rep
LOOP ID - 0200 >1
N 0100 CSI Claim Status Information M 1
N 0200 NM1 Individual or Organizational Name M 2
N 0300 REF Reference Information M 6
N 0400 N3 Party Location M 1
0500 N4 Geographic Location M 1
0600 DTP Date or Time or Period O 2
0700 INT Interest O 24
0800 MIR Mortgage Insurance Response O 1
0850 PER Administrative Communications Contact O 5
0860 PCT Percent Amounts O 1
0900 NTE Note/Special Instruction O 30
LOOP ID - 0210 1
1000 DFI Default Information O 1
1100 DTP Date or Time or Period M 19
1200 AMT Monetary Amount Information M 4
LOOP ID - 0220 1
1300 REC Real Estate Condition O 1
1400 AMT Monetary Amount Information O 6
1500 DTP Date or Time or Period O 4
LOOP ID - 0221 1
1600 FCL Foreclosure O 1
1700 DTP Date or Time or Period O 5
LOOP ID - 0230 >1
N 1800 FIS Mortgage Loan Fiscal Data O 1
1900 DTP Date or Time or Period O 1
1950 MSG Message Text O 1
2000 SE Transaction Set Trailer M 1
Changes loop repeat value in table/position 2/1800. I087202
Notes
1/0300The 0100 loop identifies the name and address of the sending party, an entity such as the mortgage company, loan servicer, payee or investor, and the receiving party, the mortgage insurer.
1/0700The REF segment contains an additional supplemental reference number that identifies only the sender.
2/0100The CSI segment identifies the status of the subject claim within the claim process and provides the date associated with that status.
2/0200Loop 0200 contains essential information about the subject real estate property. The NM1 segment provides the name of the mortgagor(s).
2/0300The REF segment contains reference numbers that are case-specific.
2/0400The N3 and N4 segments refer to the location of the real estate property.
2/1800The 0230 loop will provide information on mortgage loan fiscal data, such as the fiscal data item name, the credit, debit, and interest amounts associated with the fiscal data item, and the date or time period covered.
DM Index -- Transaction Set Index -- Segment Index -- Composite Index -- Data Element Index -- Code Source Index

NOT FOR IMPLEMENTATION