201 - Residential Loan Application

FUNCTIONAL GROUP=ME

This X12 Transaction Set contains the format and establishes the data contents of the Residential Loan Application Transaction Set (201) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set can be used to transfer the data contained in the Uniform Residential Loan Application between mortgage lenders, mortgage service vendors, insurance companies, credit reporting agencies and secondary market organizations. 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.

SCHEMA

ST

Segment	Name	Position
ST	Transaction Set Header	0100
BGN	Beginning Segment	0200

N1

Segment	Name	Position
N1	Party Identification	0300
N2	Additional Name Information	0400
N3	Party Location	0500
N4	Geographic Location	0600
REF	Reference Information	0700
PER	Administrative Communications Contact	0800

LRQ

Segment	Name	Position
LRQ	Mortgage Characteristics Requested	0100
REF	Reference Information	0200
YNQ	Yes/No Question	0300
N1	Party Identification	0400
N2	Additional Name Information	0500
III	Information	0600
DTP	Date or Time or Period	0700
RES	Real Estate Sales Price Change	0800
MCD	Mortgage Closing Data	0900
SOM	Status of Mortgage	0920
NTE	Note/Special Instruction	0950
LIN	Item Identification	0960
BEP	Borrower Education Program	0970

NX1

Segment	Name	Position
NX1	Property or Entity Identification	1000
NX2	Location ID Component	1100
REA	Real Estate Property Information	1200
PDS	Property Description/Legal Description	1300
PDE	Property Metes and Bounds Description	1400
QTY	Quantity Information	1410
YNQ	Yes/No Question	1420

PEX

Segment	Name	Position
PEX	Property or Housing Expense	1500
MSG	Message Text	1600

AMT

Segment	Name	Position
AMT	Monetary Amount Information	1700
MSG	Message Text	1800
PCT	Percent Amounts	1810

IN1

Segment	Name	Position
IN1	Individual Identification	1900
IN2	Individual Name Structure Components	2000
YNQ	Yes/No Question	2100
DTP	Date or Time or Period	2200
REF	Reference Information	2300
AMT	Monetary Amount Information	2400
DMG	Demographic Information	2500
N10	Quantity and Description	2600
MSG	Message Text	2700
PER	Administrative Communications Contact	2800
QTY	Quantity Information	2900
FTH	First Time Home Buyer	3000
PPY	Personal Property Description	3200

AIN

Segment	Name	Position
AIN	Income	3210
YNQ	Yes/No Question	3220

PEX

Segment	Name	Position
PEX	Property or Housing Expense	3800
MSG	Message Text	3900

NX1

Segment	Name	Position
NX1	Property or Entity Identification	4000
NX2	Location ID Component	4100
N10	Quantity and Description	4200
ARS	Applicant Residence Specifics	4300

N1

Segment	Name	Position
N1	Party Identification	4400
N2	Additional Name Information	4500
N3	Party Location	4600
N4	Geographic Location	4700
PER	Administrative Communications Contact	4800
YNQ	Yes/No Question	4900
EMS	Employment Position	5000
QTY	Quantity Information	5100
AMT	Monetary Amount Information	5300

REA

Segment	Name	Position
REA	Real Estate Property Information	5400
AMT	Monetary Amount Information	5500
NX1	Property or Entity Identification	5600
NX2	Location ID Component	5700

NM1

Segment	Name	Position
NM1	Individual or Organizational Name	5750
ACT	Account Identification	5790

CDA

Segment	Name	Position
CDA	Consumer Credit Account	5800
YNQ	Yes/No Question	5900
N1	Party Identification	6000
N2	Additional Name Information	6100
N3	Party Location	6200
N4	Geographic Location	6300
PER	Administrative Communications Contact	6400
CRC	Conditions Indicator	6410

FAA

Segment	Name	Position
FAA	Financial Asset Account	6500
N1	Party Identification	6600
N2	Additional Name Information	6700
N3	Party Location	6800
N4	Geographic Location	6900
PER	Administrative Communications Contact	7000
MSG	Message Text	7040
LS	Loop Header	7050

AMT

Segment	Name	Position
AMT	Monetary Amount Information	7100
MSG	Message Text	7200
QTY	Quantity Information	7210
YNQ	Yes/No Question	7220
LE	Loop Trailer	7250

LX

Segment	Name	Position
LX	Transaction Set Line Number	7300
N1	Party Identification	7400
N2	Additional Name Information	7500
N3	Party Location	7600
N4	Geographic Location	7700
PER	Administrative Communications Contact	7800
DTP	Date or Time or Period	7900
SE	Transaction Set Trailer	8000

COMMENTS

Notes
1/0300	The N1 loop identifies the sending and receiving parties such as the mortgage company, loan broker, service bureau mortgage insurer, etc.
2/0100	The LRQ loop contains requested loan, borrower and subject property information. One iteration equals one loan application.
2/0300	The YNQ segment is used to determine whether or not improvements have been made, whether or not they are complete, or whether or not the mortgage is eligible for a special mortgage program.
2/1000	The NX1 loop contains information about the subject property.
2/1420	The YNQ segment is used to describe specific subject property attributes. (e.g. Is this an energy efficient home? Is the property in a government approved condominium project?)
2/1500	The PEX loop provides the proposed monthly housing expenses.
2/1700	The AMT loop contains financing terms, refinance and construction loan information.
2/1900	The IN1 loop identifies the borrower(s) and their asset and liability information.
2/3210	The AIN loop provides information about the borrower's income.
2/3220	The YNQ segment determines the income's relationship to its source or the taxability of the income. A "Y" means that the income is from a primary source or is taxable. A "N" means the income is from a secondary source or is not taxable.
2/3800	The PEX loop provides current housing expense information.
2/4000	The NX1 loop provides the applicant's current and previous residence information.
2/4400	The N1 loop provides the applicant's current and previous employment information.
2/4900	The YNQ segment determines whether or not a borrower is self employed. A "Y" indicates that the borrower is self employed.
2/5400	The REA loop provides information about other properties owned.
2/5750	The NM1 loop provides alias information used to obtain credit.
2/5800	The CDA loop provides consumer credit account information.
2/5900	The YNQ segment determines whether or not a liability will be satisfied by the sale of owned real estate or by refinancing a current loan, if the liability has a co-signer, or if the liability is subordinated. A "Y" means that the liability will be satisfied by a sale or refinance, that the liability has a co-signer, or that the liability is resubordinated.
2/6500	The FAA loop provides financial asset information.
2/7100	The AMT loop provides alimony and child support income and expense information along with job related, liability, and other expense information.
2/7220	The YNQ segment determines how the Federal Housing Administration (FHA) treats alimony in the home purchase process. A "Y" indicates that alimony will be treated as a reduction to total income. A "N" indicates that alimony will be included in the aggregate of obligations.
2/7300	The LX loop contains information about the interviewer who obtained the loan application data and other parties to the real estate transaction.

rev 28/11/2024