Real Estate EDI Services Information

The below x12 documents are commonly used in the Real Estate industry. EDI in the Real Estate industry definitely helps improve the properties purchase business workflow quicker, save time, reduce human resource and eliminate human typing errors.

EDI Real Estate Title Evidence (197)

This transaction set can be used to transfer the data contained in standard Title Reports, Title Commitments, and Title Policy Forms of the American Land Title Association, as well as the corresponding State Forms or other title evidence formats indicating the results of the title examination process.

EDI Loan Verification Information (198)

This transaction set can be used to request, validate, or exchange standard loan verification information among entities involved in the loan life-cycle. These entities may include lenders, employers, depository institutions, credit agencies, investors, mortgage insurance companies and so on.

EDI Real Estate Settlement Information (199)

The Real Estate Settlement Information transaction set can be used to transfer real estate settlement information among mortgage lenders, real estate closing agents and other interested parties.

EDI Mortgage Credit Report (200)

This transaction set is used to transmit the data that comprises a mortgage credit report. It is the electronic response to the Mortgage Credit Report Order Transaction Set (833).

EDI Residential Loan Application (201)

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.

EDI Secondary Mortgage Market Loan Delivery (202)

This transaction set can be used to report mortgage loan information (i.e., borrower, property, underwriting information, etc.) among mortgage lenders, mortgage service vendors and secondary mortgage market organizations.

EDI Secondary Mortgage Market Investor Report (203)

This transaction set can be used for the transfer and reporting of mortgage servicing information between mortgage servicers, mortgage service bureaus and secondary mortgage market organizations.

EDI Mortgage Note (205)

This transaction set can be used by mortgage originators, settlement agents, warehouse lenders, document custodians, secondary market entities and other industry participants to exchange the data comprising the mortgage note and mortgage characteristics.

EDI Real Estate Inspection (206)

This transaction set can be used by mortgage lenders, insurance companies or others to initiate, modify or cancel a site inspection by a field service organization, home inspection company, insurance vendor or other industry participant. It can also be used by a field service organization, home inspection company, insurance inspection vendor or other industry participant to report the results of a site inspection.

EDI Real Estate Tax Service Response (245)

This transaction set can be used to respond to requests for information, modifications to loan status, complete property tax data necessary for paying tax bills or cancellations of real estate property data. This transaction set facilitates the transfer of property tax information among real estate industry participants.

EDI Application for Mortgage Insurance Benefits (260)

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.

EDI Real Estate Information Request (261)

This transaction set can be used to initiate, modify or cancel a request for real estate information. This transaction set will be used to transfer information among real estate industry participants.

EDI Real Estate Information Report (262)

This transaction set is used for the transfer and reporting of real estate information among real estate industry participants.

EDI Residential Mortgage Insurance Application Response (263)

This is used by a mortgage insurance company to communicate the receipt and disposition of a Residential Mortgage Insurance Application Transaction Set (872). It will be used to provide the mortgage originator with the results of the insurance application and, if accepted will provide basic information about the insurance coverage. It can also be used to confirm certification of coverage. It is not intended to replace the legal commitment (Certificate of Coverage of Insurance) which will continue to be delivered in its current form.

EDI Mortgage Loan Default Status (264)

This transaction set will allow all notifications of mortgage loan default/foreclosure status to be filed similarly, whether they be to an insurer, guarantor, investor or servicer. This transaction set is used to submit notification of delinquent mortgage loans that could potentially result in foreclosure activity leading to the collection of a third-party guarantee/insurance benefit. This transaction set can also be used to file default status reports as well as foreclosure and bankruptcy information with servicers, attorneys, trustees, government agencies, private mortgage insurers and investors.

EDI Real Estate Title Insurance Services Order (265)

The transaction set can be used by a real estate agent, mortgage lender or other real estate company to order, update, or cancel title services from a title insurance services company. This standard can also be used by the title services company to return title information to the party originating the order. This transaction set replaces the paper forms used to request services such as title searches and insurance and replaces mortgage closing documents.

EDI Mortgage or Property Record Change Notification (266)

This transaction set can be used by financial institutions such as Mortgagees, Lienholders and Lessors to inform interested parties such as Insurers, Investors and Taxing Authorities of mortgage or property record changes. This transaction set is intended to be used by financial institutions to communicate change notifications, such as the sale of mortgages, assumptions, transfers and terminations of interest.

EDI Mortgage Credit Report Order (833)

This transaction set can be used by a mortgage originator to request, track and cancel a series of value-added investigative credit reports which are typically required in mortgage lending. It is a collection of borrower information that is needed to order a mortgage credit report.

EDI Residential Mortgage Insurance Application (872)

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.

EDI Commodity Movement Services (873)

This transaction set can be used to convey request and response information for commodity movement services. This transaction is not to be used for product sales or purchases.

EDI Commodity Movement Services Response (874)

This is used to return validation information in response to the Commodity Movement Services Transaction Set (873).



Terms of Use | Privacy Policy