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.

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
CSI	Claim Status Information	0100
NM1	Individual or Organizational Name	0200
REF	Reference Information	0300
N3	Party Location	0400
N4	Geographic Location	0500
DTP	Date or Time or Period	0600
INT	Interest	0700
MIR	Mortgage Insurance Response	0800
PER	Administrative Communications Contact	0850
PCT	Percent Amounts	0860
NTE	Note/Special Instruction	0900

0210

Segment	Name	Position
DFI	Default Information	1000
DTP	Date or Time or Period	1100
AMT	Monetary Amount Information	1200

0220

Segment	Name	Position
REC	Real Estate Condition	1300
AMT	Monetary Amount Information	1400
DTP	Date or Time or Period	1500

0221

Segment	Name	Position
FCL	Foreclosure	1600
DTP	Date or Time or Period	1700

0230

Segment	Name	Position
FIS	Mortgage Loan Fiscal Data	1800
DTP	Date or Time or Period	1900
MSG	Message Text	1950
SE	Transaction Set Trailer	2000

COMMENTS

Notes
1/0300	The 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.
1/0700	The REF segment contains an additional supplemental reference number that identifies only the sender.
2/0100	The CSI segment identifies the status of the subject claim within the claim process and provides the date associated with that status.
2/0200	Loop 0200 contains essential information about the subject real estate property. The NM1 segment provides the name of the mortgagor(s).
2/0300	The REF segment contains reference numbers that are case-specific.
2/0400	The N3 and N4 segments refer to the location of the real estate property.
2/1800	The 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.

rev 29/11/2024