872 - Residential Mortgage Insurance Application

FUNCTIONAL GROUP=ME

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.

SCHEMA

ST

Segment	Name	Position
ST	Transaction Set Header	0100
BGN	Beginning Segment	0200
N1	Party Identification	0300

NM1

Segment	Name	Position
NM1	Individual or Organizational Name	0200
REF	Reference Information	0300

LRQ

Segment	Name	Position
LRQ	Mortgage Characteristics Requested	0400
LN1	Loan Specific Data	0500
PRD	Mortgage Loan Product Description	0600
MIC	Mortgage Insurance Coverage	0700
PER	Administrative Communications Contact	0800
REF	Reference Information	0900
PEX	Property or Housing Expense	1000
RES	Real Estate Sales Price Change	1020

CDI

Segment	Name	Position
CDI	Change Detail Information	1120

LX

Segment	Name	Position
LX	Transaction Set Line Number	1140
VDI	Value Description or Information	1160
YNQ	Yes/No Question	1180
AMT	Monetary Amount Information	1200
PCT	Percent Amounts	1220
DTP	Date or Time or Period	1240
III	Information	1260
BUY	Loan Buydown	1280

SCM

Segment	Name	Position
SCM	Credit Score Model	1400
SCS	Credit Score	1500
DTP	Date or Time or Period	1510

NX1

Segment	Name	Position
NX1	Property or Entity Identification	1600
NX2	Location ID Component	1700

PAS

Segment	Name	Position
PAS	Property Appraisal Summary	1800
N1	Party Identification	1900
MSG	Message Text	2100

REF

Segment	Name	Position
REF	Reference Information	2110
AMT	Monetary Amount Information	2120

IN1

Segment	Name	Position
IN1	Individual Identification	2200
IN2	Individual Name Structure Components	2300
YNQ	Yes/No Question	2400
DMG	Demographic Information	2500
MSG	Message Text	2600
N10	Quantity and Description	2700
BFS	Borrower Financial Summary	2800

SCM

Segment	Name	Position
SCM	Credit Score Model	2900
SCS	Credit Score	3000
DTP	Date or Time or Period	3010

NX1

Segment	Name	Position
NX1	Property or Entity Identification	3100
NX2	Location ID Component	3200
N10	Quantity and Description	3300

REA

Segment	Name	Position
REA	Real Estate Property Information	3500
AMT	Monetary Amount Information	3600

MCD

Segment	Name	Position
MCD	Mortgage Closing Data	3700
AMT	Monetary Amount Information	3800

PRJ

Segment	Name	Position
PRJ	Multifamily Housing Project	4100
PER	Administrative Communications Contact	4200
SE	Transaction Set Trailer	4300

COMMENTS

Notes
1/0300	The N1 Segment identifies the transaction requester and service provider entities.
2/0200	The NM1 Segment identifies the loan originator.
2/0400	The LRQ Loop contains information about the loan, borrower, property, and requested coverage.
2/1180	The YNQ segment is used to answer questions regarding the details of specific adjustable mortgage options. (e.g. Is a Fee Required? Is the mortgage payment interest only? Do prepayment restrictions apply?)
2/1400	The SCM Loop contains scores which pertain to the entire loan.
2/1600	The NX1 Loop contains the address of the subject property.
2/1800	The PAS Loop contains the subject property's appraisal information.
2/2110	The REF loop is used to describe appraised property comparable values.
2/2200	The IN1 Loop contains information about the Borrower(s).
2/2400	The YNQ segment is used to answer questions relating to the Home Mortgage Disclosure Act (HMDA). (e.g. Is the borrower a first time home buyer? Did the borrower provide demographic information?)
2/2900	The SCM Loop contains scores for the individual borrower defined in the IN1 Loop.
2/3100	The NX1 Loop contains current and previous address information for the borrower defined in the IN1 Loop.
2/3500	The REA Loop contains general information about the subject property.
2/3700	The MCD Loop contains mortgage loan closing information.
2/4100	The PRJ Loop contains multifamily housing project information about the subject property.

rev 11/12/2024