EDI Transaction Set
EDI 259: Residential Mortgage Insurance Explanation Of Benefits
EDI 259 is the X12 Residential Mortgage Insurance Explanation Of Benefits transaction set, used within Electronic Data Interchange (EDI). This standard can be used to transmit the results of a claim for mortgage insurance benefits, referred to as an explanation of benefits (EOB), between a mortgage insurer and the customer receiving the financial benefit. This standard can be used for transmitting the results of both pool and primary mortgage insurance claims.
What the 259 transaction set covers
Residential Mortgage Insurance Explanation of Benefits This Draft Standard for Trial Use contains the format and establishes the data contents of the Residential Mortgage Insurance Explanation of Benefits Transaction Set (259) for use within the context of an Electronic Data Interchange (EDI) environment. This standard can be used to transmit the results of a claim for mortgage insurance benefits, referred to as an explanation of benefits (EOB), between a mortgage insurer and the customer receiving the financial benefit. This standard can be used for transmitting the results of both pool and primary mortgage insurance claims.
How Interlink handles the 259
Interlink Commerce maps, transmits, and monitors the 259 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.