EDI Transaction Set
EDI 263: Residential Mortgage Insurance Application Response
EDI 263 is the X12 Residential Mortgage Insurance Application Response transaction set, used within Electronic Data Interchange (EDI). This standard 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.
What the 263 transaction set covers
Residential Mortgage Insurance Application Response This X12 Transaction Set contains the format and establishes the data contents of the Residential Mortgage Insurance Application Response Transaction Set (263) for use within the context of an Electronic Data Interchange (EDI) environment. This standard 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.
How Interlink handles the 263
Interlink Commerce maps, transmits, and monitors the 263 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.