EDI Transaction Set
EDI 201: Residential Loan Application
EDI 201 is the X12 Residential Loan Application transaction set, used within Electronic Data Interchange (EDI). 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.
What the 201 transaction set covers
Residential Loan Application 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.
How Interlink handles the 201
Interlink Commerce maps, transmits, and monitors the 201 for you as part of fully managed EDI — connected straight to your ERP or systems, certified against your retailer’s requirements, and billed only when you trade. Most suppliers go live within 30 days.