EDI Transaction Set
EDI 205: Mortgage Note
EDI 205 is the X12 Mortgage Note transaction set, used within Electronic Data Interchange (EDI). 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.
What the 205 transaction set covers
Mortgage Note This X12 Transaction Set contains the format and establishes the data contents of the Mortgage Note Transaction Set (205) for use within the context of an Electronic Data Interchange (EDI) environment. 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.
How Interlink handles the 205
Interlink Commerce maps, transmits, and monitors the 205 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.