259 - Residential Mortgage Insurance Explanation of Benefits

FUNCTIONAL GROUP=MG

This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Insurance Explanation of Benefits Transaction Set (259) for use within the context of an Electronic Data Interchange (EDI) environment. This standard can be used to transmit the results of a claim for mortgage insurance benefits, referred to as an explanation of benefits (EOB), between a mortgage insurer and the customer receiving the financial benefit. This standard can be used for transmitting the results of both pool and primary mortgage insurance claims.

SCHEMA

ST

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

0100

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

0200

Segment	Name	Position
N9	Extended Reference Information	0100
DTM	Date/Time Reference	0200
AMT	Monetary Amount Information	0300
DFI	Default Information	0400
REF	Reference Information	0500
PER	Administrative Communications Contact	0600
PCT	Percent Amounts	0700
MSG	Message Text	0800

0300

Segment	Name	Position
N1	Party Identification	0900
N2	Additional Name Information	1000
N3	Party Location	1100
N4	Geographic Location	1200

0400

Segment	Name	Position
DTM	Date/Time Reference	1300
QTY	Quantity Information	1400
INT	Interest	1500
AMT	Monetary Amount Information	1600
III	Information	1700

0500

Segment	Name	Position
FIS	Mortgage Loan Fiscal Data	1800
III	Information	1900

0510

Segment	Name	Position
AWD	Amount with Description	2000
AMT	Monetary Amount Information	2100
III	Information	2200
SE	Transaction Set Trailer	2300

COMMENTS

Notes
1/0300	The 0100 loop repeats for each individual company.
2/0100	The 0200 Loop contains all information needed for a residential mortgage insurance explanation of benefits document.
2/0900	The 0300 Loop contains the borrower's name and insured property address.
2/1300	The 0400 Loop contains the event items and dates, along with mortgage interest rate intervals and amounts for adjustable interest loans.
2/1800	The 0500 Loop contains detail claimable expense items submitted, the amount authorized for payment, and an explanation of any adjustments.

rev 29/11/2024