Logical data dictionary
Version
1.1
Generated on 3/5/01
Copyright 2001 Mortgage Bankers Association of America, Inc.
Permission to use, copy, modify, and distribute the MISMO
DTD and its accompanying documentation for any purpose and without
fee is hereby granted in perpetuity, provided that the above copyright
notice and this paragraph appear in all copies. The copyright holders make
no representation about the suitability of the DTD for any purpose.
Processes included in this dictionary: |
Underwriting |
Name |
Description |
Source |
Context |
Processes |
Datatype |
Agency
Case Identifier |
The
FHA-assigned case number for FHA loans or VA-assigned case number for VA
loans. The number is used by the FHA or VA to identify a loan. Collected on
the URLA in Section I (Agency Case Number). |
URLA |
Application |
Underwriting |
String |
Alimony
Child Support Obligations Indicator |
Borrowers
declaration regarding obligations for alimony, child support, etc. Collected
on the URLA in Section VIII line g. |
URLA |
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Alimony
Owed To Name |
The
unstructured name of the person to whom alimony payments are owed by the
borrower. Collected on the URLA in Section VI (Liabilities Alimony Owed To). |
URLA |
Liability |
Underwriting |
String |
Alterations
Improvements and Repairs Conventional Amount |
The
cost of any alterations, improvements, repairs and rehabilitation to be made
on the subject property. Collected on the URLA in Section II((b)Cost of
Improvements) for construction loans and refinance loans. Also collected on
the URLA in Section VII line b. |
URLA |
Application |
Underwriting |
Money |
Alterations
Improvements and Repairs FHA/VA Amount |
The
dollar amount of improvements and repairs to be financed by the borrower, if
reflected in the appraised value or if required by the appraiser for VA/FHA
loans. Collected on the URLA in Section VII line b. |
URLA |
Application |
Underwriting |
Money |
Application
Interviewer Signed Date |
The
date on which the interviewer obtained HMDA information and signed the loan
application. Collected on the URLA in Section X (Interviewers Signature
Date). |
URLA |
Parties
to Transaction |
Credit
Reporting, Underwriting |
Date/Time |
Application
Taken Method Type |
Specifies
the method used to take the application as determined by the interviewer.
Collected on the URLA in Section X (This Application Was Taken By). |
URLA |
Application |
Credit
Reporting, Underwriting |
Enumerated:
·
Face-to-face: Application was taken in a face to face interview. ·
Mail: Application was taken by mail ·
Telephone: Application was taken over the telephone. |
Appraisal
Effective Date |
Effective
date of the appraisal report on the subject property. |
Valuation |
Appraisal |
Underwriting |
Date/Time |
Appraisal
Method Type |
Method
used by the appraiser to arrive at the appraised value. |
Valuation |
Appraisal |
MI,
Underwriting |
Enumerated:
·
Automated Valuation Method: ·
Broker's Price Opinion: ·
Drive By: ·
Full Appraisal: |
Appraisal
Property Condition Type |
Indicates
status of property and conditions under which the appraiser estimated value. |
Valuation |
Appraisal |
MI,
Underwriting |
Enumerated:
·
As Is: ·
Subject to Completion per Plans and Specifications: ·
Subject To Repairs Alterations Inspections Or Conditions: |
Appraiser
License Identifier |
State
license number of the appraiser who completed the final estimate of value for
the subject property. |
Valuation |
Appraisal |
MI,
Underwriting |
String |
ARM
Conversion Option Indicator |
Indicates
whether the adjustable rate mortgage (ARM) has the option to convert to a
fixed rate mortgage. |
LP |
Product |
Underwriting |
Boolean |
ARM
Index Current Value Percent |
The
current value stated as a percent of the index used to calculate the initial
interest rate for an adjustable rate mortgage. Could be the value of the
index as of the closing date or if the loan has not closed the current index
rate. |
LP |
Product |
MI,
Underwriting |
Numeric(8,7) |
ARM
Index Margin Percent |
The
percentage stated in the loan program representing the spread between the ARM
Index value and the mortgage interest rate. The gross mortgage margin is
added to the index value to establish a new gross interest rate in the manner
described by the calculation method. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
ARM
Index Type |
Specifies
the type of index to be used to determine the interest rate at each
adjustment. |
LP |
Product |
MI,
Underwriting |
Enumerated:
·
11th District Cost of Funds: ·
3 Year Treasury: ·
6-Month Treasury Bill: ·
Daily Certificate of Deposit Rate: ·
Fannie Mae 60-Day Required Net Yield: ·
Fannie Mae LIBOR: ·
Federal Cost of Funds: ·
Freddie Mac 60-Day Required Net Yield: ·
Freddie Mac LIBOR: ·
London Interbank Offered Rate: ·
Monthly Average Constant Maturing Treasury: ·
National Average Contract Rate (FHLBB): ·
National Monthly Median Cost of Funds: ·
Other: ·
Treasury Bill Daily Value: ·
Wall Street Journal LIBOR: ·
Weekly Average Certificate of Deposit Rate: ·
Weekly Average Constant Maturing Treasury: ·
Weekly Average Prime Rate: ·
Weekly Average Secondary Market Treasury Bill - Investment Yield: ·
Weekly Average Treasury Auction Average - Bond Discount Yield: ·
Weekly Treasury Auction Average - Investment Yield: |
ARM
Qualifying Rate Percent |
The
rate used to calculate the borrowers PITI to qualify the borrower for the
subject mortgage for ARM loans. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
ARM
Type Description |
A
free-form text field used to collect additional information or a description
of the ARM program. Collected on the URLA in Section I (Amortization Type:ARM
(type):). |
URLA |
Application |
Application,
Underwriting |
String(30) |
Arms
Length Indicator |
Indicates
whether the loan transaction can be described as an arms length transaction.
An arms length transaction is defined as a transaction in which the parties
involved are entirely independent of each other, deal with each other as
strangers, and have no reason for collusion. |
LP |
UW
Case |
Underwriting |
Boolean |
Asset
Account Identifier |
A
unique identifier of the borrowers asset. Collected on the URLA in Section VI
(Assets). |
URLA |
Asset |
Credit
Reporting, Underwriting |
String |
Asset
Cash or Market Value Amount |
The
dollar amount of the cash or market value of the borrowers Asset Type. The
market value is the price at which an asset is transferred between a willing
buyer and a willing seller, each of whom has a reasonable knowledge of all
pertinent facts and neither being under any compulsion to buy or sell. (e.g.,
IBMs closing quote) Market value and cash values tend to be equal. Collected
on the URLA in Section VI (Assets). |
URLA |
Asset |
Credit
Reporting, MI, Underwriting |
Money |
Asset
Face Value Amount |
The
dollar amount of the face value of the borrowers Asset Type. The face value
is the par value or actual selling price of the asset or the amount the
issuer contracts to repay. (Collected on the URLA in Section VI (Assets -
Face Amount Life Insurance). |
URLA |
Asset |
Credit
Reporting, Underwriting |
Money |
Asset
Net Cash Value Amount |
The
dollar amount of the net cash value of the borrowers Asset Type. The net cash
value is the market value of an asset less any required reductions. (E.g.,
value of IRA after paying taxes, penalties and loans) Collected on the URLA
in Section VI (Assets - Life Insurance Net Cash Value). |
URLA |
Asset |
Credit
Reporting, Underwriting |
Money |
Asset
Type |
Specifies
the general names (type) of items commonly listed as financial assets of the
borrower(s) in a mortgage loan transaction. Assets may be either liquid or
fixed and are associated with a corresponding asset amount. Collected on the
URLA in Section VI (Assets). |
URLA |
Asset |
Credit
Reporting, MI, Underwriting |
Enumerated:
·
Automobile: Car or similar personal transportation vehicle disclosed
as borrowers asset. Usually linked to make or model and year. Typical
valuation method is market (blue book). Collected on the URLA in Section VI
(Assets). ·
Bond: An interest-bearing certificate of debt with maturity date. An
obligation of issuing entity. Typical valuation is face value (e.g., $1,000
denomination) & market (e.g., value of 4% bond when yields are 6%).
Collected on the URLA in Section VI (Assets - Stocks & Bonds). ·
Borrower Estimated Total Assets: The asset amount used by the lender
to qualify the borrower for the loan. ·
Bridge Loan Not Deposited: Proceeds of a loan (secured by borrowers
present house) to provide homebuyer with funds for down payment & closing
costs on a new home before selling present house, which have not yet been
deposited to borrowers accounts or included with other assets disclosed.
Collected on the URLA in Section VI (Assets - Other Assets). ·
Cash On Hand: Currency physically possessed by borrower, not
deposited in any financial institution. Considered liquid. Collected on the
URLA in Section VI (Assets - Other Assets). ·
Certificate of Deposit / Time Deposit: Certificates issued by
financial institutions with a stated term or interest rate, and with a set
maturity date. The bank pays the holder in due course at maturity. Early
withdrawal subject to penalty. Considered liquid. Collected on the URLA in
Section VI (Assets). ·
Checking Account: Transaction account with a financial institution.
Accounts purpose is to effect transfer of owners funds to others by various
methods (e.g., check, EFT, ACH, draft). Technical name is demand deposit
account (DDA). Considered liquid. Collected on the URLA in Section VI (Assets
- Checking Account). ·
Earnest Money Cash Deposit Toward Purchase: Deposit made to bind the
conditions of a real estate sale. Deposited in escrow account controlled by
others, so funds cannot be included in disclosure in any other account.
Collected on the URLA in Section VI (Assets - Cash Deposit). ·
Gifts Not Deposited: Money given as gift (no repayment expected) to
Borrowers to assist in home purchase, usually from relatives or close friend,
where gift funds have not yet been deposited or included with other assets.
Collected on the URLA in Section VI (Assets - Other Assets). ·
Grants Not Deposited: Money scheduled to be given as grant (no
repayment expected) to Borrowers to assist in home purchase, usually from
local organization or charity, where grant funds have not yet been deposited
to borrowers accounts or included with other assets. Collected on the URLA in
Section VI (Assets - Other Assets). ·
Life Insurance: A life insurance policy with a value or investment
component. Details of amounts for each policy collected on URLA in Section VI
(Assets - Life Insurance Face Amount) or Accumulated investment cash value of
life insurance policy, net of any loans against that amount. Detail of
amounts for each policy collected on URLA in Section VI (Assets - Life
Insurance Net Cash Value). ·
Money Market Fund: Mutual fund that allows individuals to participate
in managed investments in short-term debt securities, such as certificates of
deposit and Treasury bills. Considered liquid. Collected on the URLA in
Section VI (Assets). ·
Mutual Fund : Financial entity that invests its shareholders funds in
stocks and bonds of other entities with the objective of obtaining a return
on its shareholders investment. Collected on the URLA in Section VI (Assets -
Stocks & Bonds). ·
Net Worth of Business Owned: For a business owned by borrower, the
amount resulting from the calculation Assets minus liabilities. Collected on
the URLA in Section VI (Assets - Net Worth of Business). ·
Other Liquid Assets: General category to disclose detail of other
borrower assets that have a ready market where a quick sale would yield the
amount disclosed (e.g., commodity contract, certain currencies or coins).
Typically has free text description. Collected on the URLA in Section VI
(Assets - Other Assets). ·
Other Non-Liquid Assets: General category to disclose detail of other
borrower assets that have little ready market (e.g., statues). Typically has
FREE TEXT description. Collected on the URLA in Section VI (Assets - Other
Assets). ·
Pending Net Sale Proceeds from Real Estate Assets: Estimated net cash
proceeds (sales price - obligations) from anticipated sale of borrowers real
estate assets. ·
Real Estate Owned: Market value of real estate owned by the borrower.
Collected on the URLA in Section VI (Schedule of Real Estate Owned). ·
Retirement Funds - Total: Sum of all 401ks, IRAs, etc. controlled by
borrower(vested) valued at market. Collected on the URLA in Section VI
(Assets - Vested Retirement Fund). ·
Savings Account: Interest-paying account with a financial institution
whose main purpose is to earn interest on owners funds held therein. This is
NOT a demand deposit account. Considered liquid. Collected on the URLA in
Section VI (Assets - Savings Account). ·
Secured Borrowed Funds Not Deposited: Proceeds from a loan secured by
borrowers assets, which have not yet been deposited to borrowers accounts or
included with other assets disclosed. Considered liquid. Collected on the
URLA in Section VI (Assets - Other Assets). ·
Stock: Financial instrument evidencing an ownership interest in
entity that issued the stock. Typical valuation method is Market. Collected
on the URLA in Section VI (Assets - Stocks & Bonds). ·
Trust Account: Fiduciary relationship where legal title to a property
is transferred to a trustee with the intention the property be administered
by the trustee for benefit of the beneficiary, who holds equitable title to
such property. Collected on the URLA in Section VI (Assets - Other Assets). |
Asset
Vested Value Amount |
The
vested dollar amount of the borrowers Asset Type. A vested interest is a
legal claim or right to the present or future enjoyment of the asset. (E.g.
Typically borrowers 401K or similar retirement plan.) Collected on the URLA
in Section VI (Assets Vested Interest in Retirement Fund). |
URLA |
Asset |
Credit
Reporting, Underwriting |
Money |
Assumability
Indicator |
Indicates
whether the loan is assumable by another borrower. |
Lender |
Product |
Secondary,
Underwriting |
Boolean |
Automobile
Make Description |
A
free-form text field used to capture the make and model of borrowers vehicle
disclosed as asset. Collected on the URLA in Section VI Assets (Automobiles
Owned). |
URLA |
Asset |
Credit
Reporting, Underwriting |
String |
Automobile
Model Year |
A
free-form text field used to capture the model year of borrowers vehicle
disclosed as asset. Collected on the URLA in Section VI Assets (Automobiles
Owned). |
URLA |
Asset |
Credit
Reporting, Underwriting |
Date/Time |
Bankruptcy
Past Seven Years Indicator |
Borrowers
answer to the question: Have you been declared bankrupt within the past 7
years? Collected on the URLA in Section VIII line b. |
URLA |
Declarations |
Credit
Reporting, Secondary, Underwriting |
Boolean |
Base
Loan Amount |
The
base loan amount to be loaned to the borrower not including PMI, MIP, or
Funding Fee. Collected on the URLA in Section VII line m. |
URLA |
Application |
Flood,
MI, Underwriting |
Money |
Basis
for Loan Qualification Type |
A
statement made by two borrowers on a single loan application indicating
whether or not the income and assets of another person (including spouse)
will be used as a basis for loan qualification. Collected on the URLA in the
Header Paragraph - Check Box. |
URLA |
Application |
Underwriting |
Enumerated:
·
Income and assets of a person/s other than the borrower will be used:
The income or assets of a person other than the borrower (including the
borrower’s spouse) will be used as a basis for loan qualification ·
Income and assets of person/s other than the borrower will not be
used: The income or assets of the borrowers spouse will not be used as a
basis for loan qualification, but his or her liabilities must be considered
because the borrower resides in a community property state, the security
property is located in a community property state, or the borrower is relying
on other property located in a community property state as a basis for
repayment of the loan. |
Below
Market Subordinate Financing Provided Indicator |
Indicates
whether the seller provided below-market subordinate financing. |
Lender |
UW
Case |
Underwriting |
Boolean |
Borrowed
Down Payment Indicator |
Borrowers
answer to the question: Is any of the down payment borrowed? Collected on the
URLA in Section VIII line h. |
URLA |
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Borrower
Age at Application |
The
age of the borrower at the time of application. |
URLA |
Borrower |
Servicing,
Underwriting |
Numeric |
Borrower
Alias Account Identifier |
A
unique identifier of the account under which credit has been granted to the
borrower while using the identified alias (alternate name.) Collected on the
URLA in Assets and Liabilities Section (Account Number). |
URLA |
Borrower |
Service
ordering, Credit Reporting, Underwriting |
String |
Borrower
Alias Creditor Name |
The
unstructured name of the grantor of credit to the borrower while using the
identified alias (alternate name). Collected on the URLA in Section Assets
and Liabilities (Creditor Name). |
URLA |
Borrower |
Service
ordering, Credit Reporting, Underwriting |
String |
Borrower
Alias Name |
Any
additional name under which the borrower may have been granted credit. (e.g.
maiden name) Collected on the URLA in Section Assets and Liabilities
(Alternate Names) |
URLA |
Borrower |
Service
ordering, Credit Reporting, Underwriting |
String |
Borrower
Application Signed Date |
The
date that the borrower signed the loan application. Collected on the URLA in
Section IX (Borrowers Signature Date). |
URLA |
Borrower |
Credit
Reporting, Underwriting |
Date/Time |
Borrower
Birth Date |
Borrowers
date of birth. Collected in lieu of AGE in URLA, Section III, second line,
third field. |
URLA |
Borrower |
Service
ordering, Credit Reporting, Underwriting |
Date/Time |
Borrower
Canadian Social Insurance Number |
The
Canadian Social Insurance Number associated with the borrower. |
URLA |
Borrower |
MI,
Underwriting |
Numeric |
Borrower
Dun and Bradstreet Identifier |
The
DUNS number associated with the borrower if the borrower is a non-person
entity. |
Borrower |
Borrower |
Underwriting |
Numeric |
Borrower
Financed Conventional Discount Points Amount |
The
dollar amount that the borrower will finance to buydown the interest rate.
Note: Discount points financed and not financed by borrower are equal to the
Discount Points Total Amount. |
Lender |
Application |
Underwriting |
Money |
Borrower
Financed FHA/VA Discount Points Amount |
The
dollar amount of discount points allowable by the applicable FHA guidelines
to be financed by the borrower on a FHA no cash out refinance. Used for FHA
and VA loans. Note: Discount points financed and not financed by borrower are
equal to the Discount Points Total Amount Paid by Borrower - FHA. |
FHA |
FHA/VA |
Underwriting |
Money |
Borrower
First Name |
The
first name of the borrower. Collected on the URLA in Section III (Borrowers
Name). |
URLA |
Borrower |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Borrower
First Time Homebuyer Indicator |
Indicates
that the borrower qualifies as a first time homebuyer as determined by the
lender. (Note: The 3 year rule used in the Declarations alone is not
sufficient.) |
Lender |
Declarations |
MI,
Secondary, Underwriting |
Boolean |
Borrower
Funding Fee Percent |
The
funding fee percentage due from the borrower. The fee is entered as a
percentage. |
Lender |
Underwriting
Case |
Underwriting |
Numeric |
Borrower
Home Telephone Number |
The
home telephone number of the borrower. Collected on the URLA in Section III
(Home Phone). |
URLA |
Borrower |
Credit
Reporting, Underwriting |
String |
Borrower
Joint Identifier |
The
identifier used to link applicants whose assets and liabilities are reported
jointly on the loan application. It is recommended that the Borrower ID be
used as the identifier. |
Lender |
Borrower |
Underwriting |
String |
Borrower
Last Name |
The
last name of the borrower. Collected on the URLA in Section III (Borrowers Name). |
URLA |
Borrower |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Borrower
Middle Name |
The
middle name of the borrower. Collected on the URLA in Section III (Borrowers
Name). |
URLA |
Borrower |
Service
ordering, Credit Reporting, MI, Underwriting |
String |
Borrower
Name Suffix |
The
name suffix of the borrower. (E.g., JR = Junior, SR = Senior, etc.) Collected
on the URLA in Section III (Borrowers Name). |
URLA |
Borrower |
Service
ordering, Credit Reporting, MI, Underwriting |
String |
Borrower
Paid Conventional Discount Points Total Amount |
The
total dollar amount of discount points that are paid by the borrower.
Collected on the URLA in Section VII line h. |
URLA |
Application |
Underwriting |
Money |
Borrower
Paid FHA/VA Closing Costs Amount |
The
estimated dollar amount of closing costs that will be paid by the borrower on
the subject property excluding discount points and prepaid items. Used for
FHA and VA loans. |
FHA |
FHA/VA |
Underwriting |
Money |
Borrower
Paid FHA/VA Discount Points Percent |
The
discount points that the borrower will pay.Used for FHA and VA loans. Must be
stated as a percentage of the loan amount. |
FHA |
FHA/VA |
Underwriting |
Numeric(8,7) |
Borrower
Paid FHA/VA Discount Points Total Amount |
The
total dollar amount of discount points allowable by the applicable FHA
guidelines that are paid by the borrower. Used for FHA and VA loans.
Collected on the URLA in Section VII line h. |
FHA |
FHA/VA |
Underwriting |
Money |
Borrower
Requested Loan Amount |
The
total dollar amount of the mortgage note being originated that is being
requested by the borrower. Collected on the URLA in Section I (Amount) and in
Section VII line o. |
URLA |
Application |
MI,
Underwriting |
Money |
Borrower
Residency Type |
This
attribute, accompanying borrower residence data, qualifies it as either the
current or prior borrowers residence. |
URLA |
Borrower |
Service
ordering, Credit Reporting, MI, Secondary, Underwriting |
Enumerated:
·
Current: The borrowers current residence ·
Prior: The borrowers prior residence |
Borrower
Spouse Identifier |
The
identifier used to link two borrowers who are married to each other. It is
recommended that the Borrower ID be used as the identifier. |
LP |
Borrower |
Service
ordering, Credit Reporting, Underwriting |
String |
Borrower
Unfinanced Conventional Discount Points Amount |
The
dollar amount that is paid at closing from the borrowers funds to buy down
the interest rate. Note: Discount points financed and not financed by
borrower are equal to the Discount Points Total Amount. |
Lender |
Application |
Underwriting |
Money |
Borrower
Unfinanced FHA/VA Discount Points Amount |
The
dollar amount of discount points that are paid from the borrowers cash and
are not to be financed. Used for FHA and VA loans. Note: Discount points
financed and not financed by borrower are equal to the Discount Points Total
Amount Paid by Borrower - FHA. |
FHA |
FHA/VA |
Underwriting |
Money |
Borrower
Unparsed Name |
The
unparsed name of a person or non-person entity that is a borrower. (E.g.,
DBA) Collected on the URLA in Section III (Borrowers Name). |
URLA |
Borrower |
Service
ordering, Credit Reporting, Underwriting |
String |
Borrower
USA Social Security Number |
The
Social Security Number (SSN) associated with the borrower. Collected on the
URLA in Section III (Social Security Number). |
URLA |
Borrower |
Service
ordering, Credit Reporting, MI, Secondary, Underwriting |
Numeric |
Borrower
USA Tax Payer Identification Number |
The
US Taxpayer Identification Number (TIN) associated with the borrower. The
borrower may be either a person or a non-person entity. |
URLA |
Borrower |
Service
ordering, MI, Underwriting |
Numeric |
Building
Status Type |
Specifies
the physical status of the structure. |
Valuation |
Appraisal |
Underwriting |
Enumerated:
·
Existing: ·
Proposed: ·
Subject to Alteration, Improvement, Repair and Rehabilitation: ·
Substantially Rehabilitated: ·
Under Construction: |
Business
Owned Net Worth Amount |
The
dollar amount of the net worth of a business owned by the borrower. The net
worth is the value of all assets, including cash, less total liabilities.
Collected on the URLA in Section VI Assets (Net Worth of Business Owned). |
Financial
Statement |
Asset |
Credit
Reporting, Underwriting |
Money |
Buydown
Contributor Type |
Specifies
the source of the buydown funds. |
Lender |
Product |
MI,
Underwriting |
Enumerated:
·
Borrower: ·
Builder: ·
Employer: ·
Lender: ·
Non-parent Relative: ·
Parent: ·
Seller: ·
Unassigned: ·
Unrelated Friend: |
Buydown
Duration Months |
The
total number of months during which any buydown is in effect. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Buydown
Initial Adjustment Percent |
The
percentage by which the buydown rate adjusts at the initial payment
adjustment. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Buydown
Period To First Adjustment Months |
The
number of months from the first scheduled payment to first buydown
adjustment. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Buydown
Period To Subsequent Adjustment Months |
The
number of months between the subsequent buydown payment adjustments. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Buydown
Permanent Indicator |
Indicates
whether the buydown is permanent. |
Lender |
Product |
Underwriting |
Boolean |
Buydown
Rate Percent |
The
final bought down interest rate. The rate that the applicant will pay after
the buydown is applied. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Buydown
Subsequent Adjustment Percent |
The
percentage by which the buydown rate adjusts at subsequent payment
adjustments after the initial adjustment. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Buydown
Temporary Subsidy Indicator |
Indicates
whether there is a temporary buydown subsidy. A subsidy is money paid by the
borrower or third party for the purpose of paying down the interest rate and
reducing the monthly payments. |
Lender |
Product |
MI,
Underwriting |
Boolean |
Buydown
Term Months |
The
total number of months over which the buydown occurs. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Case
State Type |
A
description of the point in the loan origination process at which the loan is
being sent. |
LP |
UW
Case |
Underwriting |
Enumerated:
·
Application: Application has been taken and is being processed. ·
Final Disposition: Final underwriting decision has been made. ·
Post Closing Quality Control: Loan previously closed, sending to AUS
for Quality Control purposed only. ·
Pre-qualification: No Uniform Residential Loan Application (URLA)
completed. ·
Underwriting: Lender has verified all data sent to AUS. |
Census
Tract Identifier |
Identifies
census tract as defined by the U.S. Census Bureau where subject property is
located. |
Lender |
Subject
Property |
Underwriting |
String |
Child
Support Owed To Name |
The
unstructured name of the person to whom child support payments are owed by
the borrower. Collected on the URLA in Section VI (Liabilities Child Support
Owed To). |
URLA
|
Liability |
Underwriting |
String |
Citizenship
Residency Type |
Specifies
this borrowers current Immigration and Naturalization Service (INS) status.
Collected on the URLA in Section VIII line j and line k. |
URLA |
Declarations |
Credit
Reporting, Underwriting |
Enumerated:
·
Non-Permanent Alien: ·
Non-Resident Alien: ·
Permanent Resident Alien: ·
Unknown: ·
US Citizen: |
Comaker
Endorser of Note Indicator |
Borrowers
answer to the question: Are you a co-maker or endorser on a note? Collected
on the URLA in Section VIII line i. |
URLA |
Declarations |
Service
ordering, Credit Reporting, Underwriting |
Boolean |
Comparable
Net Adjustment Amount |
The
sum of positive and negative adjustments to the sales price of a given
comparable to derive indicated value of subject property. |
Valuation |
Appraisal |
Underwriting |
Money |
Comparable
Properties Exist Indicator |
Indicates
whether qualified comparable data values exist for the subject property. |
Valuation |
Appraisal |
Underwriting |
Boolean |
Comparable
Property Unadjusted Sales Price Amount |
The
dollar amount of the sale price of a comparable property. |
Valuation |
Appraisal |
Underwriting |
Money |
Construction
Improvement Costs Amount |
The
total dollar amount of additions to raw land that normally increase its value
(i.e., the building) as part of a construction loan. Collected on the URLA in
Section II (Construction Loan - Cost of Improvements.) |
URLA |
Subject
Property |
Underwriting |
Money |
Construction
Loan Treatment Type |
Specifies
the method of treating Construction Only or the Construction to Permanent
loan for the purposes of underwriting. Loans can be treated as either a new
purchase or a refinance. |
Lender |
UW
Case |
Underwriting |
Enumerated:
·
Purchase: Treat as a purchase. ·
Refinance: Treat as a refinance. |
Contact
Name |
The
name of individual acting as a contact for a party to the loan. |
Multiple |
Individuals
Name |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Contact
Point Preference Indicator |
This
indicator is set to be true when the particular contacts Contact Point (i.e.
phone number) is preferred over any others. |
Multiple |
(not
specified) |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
Boolean |
Contact
Point Role Type |
This
element sets the type of role (i.e. Home, Work or Mobile) used for the
Contact Point Type (Phone, Fax, Email). |
Multiple |
(not
specified) |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
Enumerated:
·
Home: The applicable Point Type applies to the contacts home. ·
Mobile: The applicable Point Type applies to the contacts mobile
(phone/fax/email). ·
Work: The applicable Point Type applies to the contacts work. |
Contact
Point Type |
This
datum sets the Type (Phone, Fax, Email, Other) for the Contact Point Value of
contact point used for the Contact Point Value. |
Multiple |
(not
specified) |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
Enumerated:
·
Email: The Contact Point Value contains an email address. ·
Fax: The Contact Point Value contains a fax number. ·
Other: The Contact Point Value contains some other Contact Point
Type. ·
Phone: The Contact Point Value contains a telephone number. |
Contact
Point Value |
This
is the actual value of the Contact Point Type. |
Multiple |
(not
specified) |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Contingent
Liability Indicator |
Indicates
whether the liability is a contingent liability or has a co-signer. A
contingent liability is one for which the borrower is responsible only under
specific conditions (e.g., default of person primarily responsible). |
Borrower |
Liability |
Underwriting |
Boolean |
Counseling
Confirmation Type |
Specifies
the type of mortgage counseling or education program attended by one or more
of the borrowers. |
Lender |
UW
Case |
Underwriting |
Enumerated:
·
American Homeowner Education Institute Approved Counseling: ·
Lender Trained Counseling: ·
No Borrower Counseling: ·
Third Party Counseling: |
Credit
Report Reference Identifier |
The
reference number associated with a credit report. If previously retrieved,
the reference number of the previously retrieved report. |
Credit
Bureau |
Credit |
Credit
Reporting, Underwriting |
String |
Credit
Score Data Repository Source Type |
This
element describes the source of the information provided for this credit
score - could be a single data repository (Equifax, Experian, Trans Union),
or could be a merge of data from multiple sources. |
Credit
Report |
Credit |
Credit
Reporting, Underwriting |
Enumerated:
·
Equifax: ·
Experian: ·
Merged Data: ·
Other: ·
Trans Union: |
Credit
Score Date |
Date
that the referenced credit score was produced. |
Credit
Bureau |
Credit |
Credit
Reporting, Underwriting |
Date/Time |
Credit
Score Factor Identifier |
Factors
of the borrowers credit which give context to the referenced credit score.
The factor is normally a numeric code. The Credit Score Factor Text contains
the text for the factor code. |
Credit
Bureau |
Credit |
Credit
Reporting, MI, Underwriting |
String |
Credit
Score Model Name |
Identifies
the score algorithm model name used to produce the referenced credit risk
score. |
Credit
Bureau |
Credit |
Credit
Reporting, MI, Underwriting |
Enumerated:
·
Equifax Beacon: Fair Isaac risk model forecasting delinquency within
24 months. ·
Equifax Beacon Auto: Fair Isaac risk model for auto finance loans. ·
Equifax Beacon Bankcard: Fair Isaac risk model for bank credit cards.
·
Equifax Beacon Installment: Fair Isaac risk model for installment
loans. ·
Equifax Beacon Personal Finance: Fair Isaac risk model for personal
finance loans. ·
Equifax DAS: Delinquency Alert System is a MDS risk model that
forecasts risk of consumer filing bankruptcy. ·
Equifax Enhanced Beacon: An updated Fair Isaac risk model forecasting
the risk of delinquency within 24 months. ·
Equifax Enhanced DAS: Enhanced Delinquency Alert System is a MDS risk
model that forecasts risk of consumer filing bankruptcy. ·
Equifax MarketMax: Equifax predictive score for no-hit or thin files ·
Equifax Mortgage Score: A custom risk score model from Equifax
specifically for assessing mortgage loan risk. ·
Equifax Pinnacle: Equifax risk score developed by Fair Isaac, that
utilizes expanded segmentation to analyze degrees of delinquency history. ·
Experian Fair Isaac: Fair Isaac risk model forecasting risk of
delinquency within 24 months. ·
Experian Fair Isaac Auto: Fair Isaac risk model for auto finance. ·
Experian Fair Isaac Bankcard: Fair Isaac risk model for bank credit
cards. ·
Experian Fair Isaac Installment: Fair Isaac risk model for
installment loans. ·
Experian Fair Isaac Personal Finance: Fair Isaac risk model for
personal finance loans. ·
Experian MDS Bankruptcy II: MDS risk model that forecasts risk of
consumer filing bankruptcy. ·
Experian New National Equivalency: Experian option for the National
Risk Model that produces score ranges similar to Fair Isaac models. ·
Experian New National Risk: New version of Experians National Risk
Model. ·
Experian Old National Risk: Original version of Experians National
Risk Model. ·
Other: Used when Score Model Name is not in the enumerated list. ·
Trans Union Delphi: MDS risk model that forecasts risk of consumer
filing bankruptcy. ·
Trans Union Empirica: Fair Isaac risk model forecasting risk of
delinquency within 24 months. ·
Trans Union Empirica Auto: Fair Isaac risk model for auto finance
loans. ·
Trans Union Empirica Bankcard: Fair Isaac risk model for bank credit
cards. ·
Trans Union Empirica Installment: Fair Isaac risk model for
installment loans. ·
Trans Union Empirica Personal Finance: Fair Isaac risk model for
personal finance loans. ·
Trans Union New Delphi: Updated MDS risk model that forecasts risk of
consumer filing bankruptcy. |
Credit
Score Value |
Numeric
credit score resulting from credit evaluation model. |
Credit
Bureau |
Credit |
Credit
Reporting, MI, Secondary, Underwriting |
Numeric |
Current
Employment Indicator |
This
element is an indicator that tells whether the associated employment is
current or not using an Y/N indicator. |
URLA |
Employment |
Credit
Reporting, Underwriting |
Boolean |
Current
First Mortgage Holder Type |
Specifies
the investor holding the first mortgage that is being refinanced. |
Lender |
UW
Case |
Underwriting |
Enumerated:
·
Fannie Mae: ·
Freddie Mac: ·
Other Investor: ·
Unknown: |
Dependent
Count |
The
number of dependents disclosed by the borrower. Collected on the URLA in
Section III (Dependents No.). |
URLA |
Borrower |
Credit
Reporting, Underwriting |
Numeric |
Dependents
Ages Comma Separated List |
The
ages of all dependents disclosed by the borrower. This is a comma separated
list of ages. Collected on the URLA in Section III (Dependents Ages). |
URLA |
Borrower |
Credit
Reporting, Underwriting |
String |
Down
Payment Amount |
The
dollar amount of the borrowers Down Payment Type. Collected on the URLA in
Section II (Source of Down Payment). |
URLA |
Application |
MI,
Underwriting |
Money |
Down
Payment Option Type |
Specifies
the type of option used to facilitate the borrowers down payment. |
MI
Order |
Application |
MI,
Underwriting |
Enumerated:
·
3/2 Option: ·
5% Option: |
Down
Payment Source Description |
A
free-form text field used to capture the source of the down payment.
Collected on the URLA in Section II (Source of Down Payment) along with down
payment type. |
URLA |
Application |
Underwriting |
String |
Down
Payment Type |
Specifies
the general names (type) of items commonly used for a down payment by the
borrower(s) in a mortgage loan transaction. Collected on the URLA in Section
II (Source of Down Payment). |
URLA |
Application |
MI,
Underwriting |
Enumerated:
·
Bridge Loan: ·
Cash Borrowed, Unsecured Borrowed Funds: ·
Cash on Hand: ·
Cash-Gift, Gift Funds: ·
Checking/Savings: ·
Deposit on Sales Contract: ·
Equity on Pending Sale: ·
Equity on Sold Property: ·
Equity on Subject Property: ·
Life Insurance Cash Value: ·
Lot Equity: ·
Other Type of Down Payment: ·
Pledged Collateral: ·
Rent with Option to Purchase: ·
Retirement Funds: ·
Sale of Chattel: ·
Secured Borrowed Funds: ·
Stocks & Bonds: ·
Sweat Equity: ·
Trade Equity: ·
Trust Funds: |
Employer
Business Type Description |
An
expanded description of the borrowers employment type of business. Collected
on the URLA in Section IV (Type of Business). |
URLA |
Employment |
Credit
Reporting, Underwriting |
String |
Employer
Telephone Number |
The
telephone number of the employer. Collected on the URLA in Section IV
(Business Phone). |
URLA |
Employment |
Credit
Reporting, Underwriting |
String |
Employment
Borrower Self-Employment Indicator |
Indicates
that in the referenced employment the borrower is self-employed. Collected on
the URLA in Section IV (Self Employed Check Box). |
URLA |
Employment |
Credit
Reporting, MI, Secondary, Underwriting |
Boolean |
Employment
End Date |
The
end date for the borrowers employment. Collected on the URLA in Section IV
(Dated To). |
URLA |
Employment |
Credit
Reporting, Underwriting |
Date/Time |
Employment
Position Description |
An
expanded description of the borrowers employment position. Collected on the
URLA in Section IV. |
URLA |
Employment |
Credit
Reporting, Underwriting |
String |
Employment
Position Title |
An
expanded description of the borrowers employment title. Collected on the URLA
in Section IV (Title). |
URLA |
Employment |
Credit
Reporting, Underwriting |
String |
Employment
Start Date |
The
start date for the borrowers employment. Collected in lieu of Years On Job
which is on the URLA in Section IV (Years on Job). Used to calculate the
Years on Job. |
URLA |
Employment |
Credit
Reporting, Secondary, Underwriting |
Date/Time |
Employment
Time in Line of Work Months |
The
total number of months the borrower has been employed in their occupation.
Collected on the URLA in Section IV (Years Employed In This Line of Work). |
URLA |
Employment |
Credit
Reporting, Secondary, Underwriting |
Numeric |
Escrow
Waiver Indicator |
Indicates
whether the lender will waive the borrowers escrow deposits. |
Lender |
Application |
Underwriting |
Boolean |
Estimated
Conventional Closing Costs Amount |
The
dollar amount of the estimated loan fees, title fees, appraisal fees and
other closing costs associated with the subject transaction excluding
discount points. Collected on the URLA in Section VII line f. |
URLA |
Application |
MI,
Underwriting |
Money |
Estimated
FHA Closing Costs Amount |
The
dollar amount of closing costs regardless of source that may be added to the
sales price or appraised value when calculating the HUD Maximum Allowable
Loan Amount, that is reasonable and customary in the area as determined by
the local FHA office. Collected on the URLA in Section VII line f. Used for
FHA only. |
URLA |
FHA/VA |
Underwriting |
Money |
Fannie
Mae Affordable Program Identifier |
Identifies
Fannie Maes unique identifier used to specify the affordable mortgage product
being financed. |
LP |
UW
Case |
Underwriting |
String |
Fannie
Mae Borrower Credit Rating |
A
code supplied by Fannie Mae that corresponds to the borrowers credit history. |
Fannie
Mae |
Underwriting
Case |
Underwriting |
String |
Fannie
Mae Community Seconds Indicator |
Indicates
whether the loan is a Fannie Mae Community Seconds. |
Lender |
Underwriting
Case |
Underwriting |
Boolean |
Fannie
Mae Neighbors Mortgage Eligibility Indicator |
Indicates
whether the loan is eligible to be a Fannie Mae Neighbors mortgage. |
Lender |
Underwriting
Case |
Underwriting |
Boolean |
Fannie
Mae Product Plan Identifier |
A
number unique to Fannie Mae that identifies the varying loan payment / rate
exchange characteristics of variable rate mortgages. |
Fannie
Mae |
Underwriting
Case |
Underwriting |
String |
Fannie
Mae Project Code Identifier |
Fannie
Mae code identifying type of project or condominium classification for the
subject property. |
Fannie
Mae |
Project |
Underwriting |
String |
FHA
Alimony Liability Treatment Type |
Identifies
how the borrower or lender prefers that the judgment process treat alimony in
an FHA transaction. |
Lender |
FHA/VA |
Underwriting |
Enumerated:
·
Addition to Debt: This means that the alimony is included in the
aggregate of obligations. ·
Reduction to Income: This means that the income entered is to be
reduced by the amount of alimony. |
FHA
Coverage Renewal Rate Percent |
Indicates
the percentage of the renewal mortgage insurance premiums for FHA loans. |
FHA |
FHA/VA |
Underwriting |
Numeric(8,7) |
FHA
Mortgage Credit Certificate Amount |
The
dollar amount of the FHA Mortgage Credit Certificate. This is entered as a
whole number. It is an annual tax credit. FHA allows it to be treated as
monthly income. |
Lender |
Underwriting
Case |
Underwriting |
Money |
FHA
Refinance Type |
Indicates
the amount of documentation for no cash out refinance loans. |
Lender |
Underwriting
Case |
Underwriting |
Enumerated:
·
Full Documentation (Conventional, FHA or VA): ·
Interest Rate Reduction Refinance Loan (FHA and VA): |
FHA/VA
Approved Condominium/Cooperative Indicator |
Indicates
whether HUD or VA approves a condominium or cooperative. |
FHA/VA |
Project |
Underwriting |
Boolean |
FHA/VA
Originator Identifier |
The
FHA or VA assigned number of the originator of the loan. |
LP |
FHA/VA |
Underwriting |
String |
FHA/VA
Underwriter Computerized Homes Underwriting System Identifier |
The
DE underwriter authorized to approve the loan on behalf of the FHA. |
LP |
FHA/VA |
Underwriting |
String |
First
Payment Adjustment Months |
The
number of the month in which the first payment adjustment occurs. If the
subject mortgage can change by means other than a rate adjustment. |
Lender |
Product |
MI,
Underwriting |
Numeric |
First
Rate Adjustment Months |
The
number of the month in which the first payment rate occurs. If the interest
rate on the subject loan can change. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Freddie
Mac Affordable Program Identifier |
Identifies
Freddie Macs unique identifier used to specify the affordable mortgage
product being financed. |
LP |
UW
Case |
Underwriting |
String |
Freddie
Mac Cash Out Refinance Indicator |
Indicates
if the loan is a Freddie Mac Cash Out Refinance. |
LP |
LP
Trans |
Underwriting |
Boolean |
Freddie
Mac Offering Identifer |
Used
by Loan Prospector to identify the specific type of product offering. |
LP |
LP
Trans |
Underwriting |
String |
Freddie
Mac Project Code Identifier |
Freddie
Mac code identifying type of project or condominium classification for the
subject property. |
Freddie
Mac |
Project |
Underwriting |
String |
Freddie
Mac Refinance Loan Identifier |
Used
by Freddie Macs Loan Prospector to identify the special types of refinance
mortgages. |
LP |
LP
Trans |
Underwriting |
String |
Freddie
Mac Secondary Financing Identifier |
Specifies
a Freddie Mac classification of the predominant type of secondary financing
on the mortgage. Used for affordable housing products. |
LP |
LP
Trans |
Underwriting |
String |
Gender
Type |
The
borrowers or interviewers statement about the borrowers gender. Collected on
the URLA in Section X (Sex). |
URLA |
Declarations |
MI,
Underwriting |
Enumerated:
·
Female: ·
Information not provided - Unknown: Information was not provided by
borrower in a mail or telephone application and interviewer was unable to
determine. ·
Male: ·
Not Applicable: Borrower is an entity not an individual (e.g.,
corporation) |
Gift
Fund Total Amount |
The
total gift amount to be utilized in the transaction. This includes both funds
deposited in borrower accounts and reflected in the Asset Section of the URLA
and those not yet deposited |
LP |
UW
Case |
Underwriting |
Money |
HELOC
Maximum Balance Amount |
The
maximum dollar amount of credit available to the borrower on a Home Equity
Line of Credit (HELOC) regardless of whether the borrower has accessed the
amount. |
Lender |
Liability |
Underwriting |
Money |
HELOC
Maximum Payment Amount |
The
maximum dollar amount of the potential monthly payment that the borrower must
make on a Home Equity Line of Credit (HELOC). |
Lender |
Liability |
Underwriting |
Money |
HELOC
Twelve Month Draw Amount |
The
dollar amount the borrower has drawn on a Home Equity Line of Credit (HELOC)
in previous 12 months. |
Lender |
Liability |
Underwriting |
Money |
Homeowner
Past Three Years Indicator |
Borrowers
answer to the question: Have you had an ownership interest in a property in
the last three years?. Collected on the URLA in Section VIII line m. |
URLA |
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Housing
Expense Payment Amount |
The
dollar amount per month of the borrowers housing expense type. May be used
for their primary or non-primary residence or for the subject property.
Collected on the URLA in Section VI (Schedule of Real Estate Owned.) |
URLA |
Expense |
MI,
Secondary, Underwriting |
Money |
Housing
Expense Residence Type |
Specifies
the type of residence associated with the housing expense type. |
URLA |
Expense |
MI,
Secondary, Underwriting |
Enumerated:
·
Borrower Non-Primary Residence Present Housing: The amount per month
of the borrowers present housing expense type for their non-primary
residence. Collected on the URLA in Section VI (Schedule of Real Estate
Owned.) ·
Borrower Primary Residence Present Housing: The amount per month of
the borrowers present housing Expense Type for their primary residence.
Collected on the URLA in Section V (Monthly Housing Expense - Present). ·
Subject Property Proposed: The amount per month of the proposed
housing Expense Type for the subject property. |
Housing
Expense Type |
Specifies
the general names (types) of housing expense items commonly listed as by the
borrower(s) in a mortgage loan transaction. Collected on the URLA in Section
V. |
URLA |
Expense |
Underwriting |
Enumerated:
·
First Mortgage Principal and Interest: Amount of periodic principal
and interest payment on a first mortgage on real estate. Could be present or
proposed housing expense. Principal refers to the monthly payment that
reduces the remaining balance of the mortgage. Interest is the fee charged
for borrowing money. Collected on URLA in Section V (Present / Proposed
Housing Expense) and /or Section VI (Schedule of Real Estate). ·
First Mortgage Principal, Interest, Taxes and Insurance: Amount of
periodic principal and interest payment on a first mortgage on real estate
plus annual pro-rata share of property taxes and hazard insurance on the
property. Principal refers to the monthly payment that reduces the remaining
balance of the mortgage. Interest is the fee charged for borrowing money.
Taxes and insurance refers to the amount that are paid into an escrow account
each month for property taxes and mortgage and hazard insurance. Could be
present or proposed housing expense. Collected on URLA in Section V (Present
/ Proposed Housing Expense) and /or Section VI (Schedule of Real Estate). ·
Hazard Insurance: Insurance coverage that provides compensation to
insured in case of property damage or loss. (e.g., renters, homeowners, fire,
earthquake, flood, etc.) Collected on URLA in Section V (Present / Proposed
Housing Expense) and/or Section VI (Schedule of Real Estate). ·
Homeowners Association Dues and Condominium Fees: association to pay
the cost of maintaining areas owned in common by all homeowners within a
planned unit development. Collected on URLA in Section V (Present / Proposed
Housing Expense) and/or Section VI (Schedule of Real Estate). ·
Leasehold Payments: When land under improvements is leased rather
than owned, this is the periodic rent. A form of other housing expense. ·
Maintenance and Miscellaneous: Ongoing expenses incurred by borrower
to maintain real estate owned. Collected on the URLA in Section VI (Schedule
of Real Estate). ·
Mortgage Insurance: Insurance which protects mortgage lenders against
loss in the event of default by the borrower. Collected on URLA in Section V
(Present / Proposed Housing Expense) and/or Section VI (Schedule of Real
Estate). ·
Other Housing Expense: Other expenses related to housing which are
not included in the listed values. Typically linked to FREE TEXT description.
Collected on URLA in Section V (Present / Proposed Housing Expense). ·
Other Mortgage Loan Principal and Interest: Amount of periodic
principal and interest payment on a subordinate mortgage on real estate.
Could be present or proposed housing expense. Principal refers to the monthly
payment that reduces the remaining balance of the mortgage. Interest is the
fee charged for borrowing money. Collected on URLA in Section V (Present /
Proposed Housing Expense) and /or Section VI (Schedule of Real Estate). ·
Other Mortgage Loan Principal, Interest, Taxes and Insurance: Amount
of periodic principal and interest payment on a subordinate mortgage on real
estate plus annual pro-rata share of property taxes and hazard insurance on
the property. Principal refers to the monthly payment that reduces the
remaining balance of the mortgage. Interest is the fee charged for borrowing
money. Taxes and insurance refers to the amount that are paid into an escrow
account each month for property taxes and mortgage and hazard insurance.
Could be present or proposed housing expense. Collected on URLA in Section V
(Present / Proposed Housing Expense) and /or Section VI (Schedule of Real
Estate). ·
Real Estate Tax: Local government taxes levied on the ownership of
real property. Also know as Real Estate Property Tax. Collected on URLA in
Section V (Present / Proposed Housing Expense) and/or Section VI (Schedule of
Real Estate). ·
Rent: Periodic amount a tenant pays to a landlord for occupancy of a
property. Expense if borrower pays. Collected on URLA in Section V (Present
Expense - Rent). ·
Utilities: Basic services associated with developed areas that
include provisions for electricity, telephone, gas, water, and garbage
collection. Collected on the URLA in Section VI (Schedule of Real Estate). |
HUD
Credit Alert Interactive Voice Response System Number |
Number
assigned by HUDs Credit Alert Interactive Voice Response System. |
HUD |
Underwriting
Case |
Underwriting |
String |
Income
Amount |
The
dollar amount per month of the borrowers Income Type (e.g., job base salary).
|
URLA |
Income |
Credit
Reporting, MI, Secondary, Underwriting |
Money |
Income
Source Type |
Specifies
the source of the borrowers indicated Income Type. Used for both current and
prior employment. |
URLA |
Income |
Credit
Reporting, Underwriting |
Enumerated:
·
Primary: ·
Secondary: |
Income
Taxable Indicator |
Indicates
whether the borrowers indicated Income Type is taxable. Used for both current
and prior employment. Used by FHA / VA. |
FHA |
Income |
Underwriting |
Boolean |
Income
Time Type |
Describes
the time frame for the associated income type. |
(not
specified) |
Income |
Credit
Reporting, MI, Secondary, Underwriting |
Enumerated:
·
Current: The amount per month of the borrowers current (vs. priorr or
future) Income Type. ·
Prior: The amount per month of the borrowers previous (vs. current or
future) Income Type. |
Income
Type |
Specifies
the general names (types) of items commonly listed as income of the borrower
in a mortgage loan transaction. Collected on the URLA in Section V (Gross
Monthly Income)and Section VI (Schedule of Real Estate Owned). |
URLA |
Income |
Credit
Reporting, MI, Secondary, Underwriting |
Enumerated:
·
Alimony: Periodic amount paid under terms of divorce decree/agreement.
Income if borrower receives. Collected on the URLA in Section V (Monthly
Income - Other). ·
Base Income: For salaried positions, the monthly amount of salary
(annual salary/12). For hourly positions, the income that would arise from 52
weeks of work at the usual and customary number of non-overtime hours per
week / 12. Collected on the URLA in Section V (Monthly Income - Base). ·
Bonus Income: Income derived from optional compensation paid out by
employer, linked to employers overall performance and/or individual
performance. Collected on the URLA in Section V (Monthly Income - Bonuses). ·
Borrower Estimated Total Monthly Income: The borrower monthly income
amount used by the lender to qualify the borrower for the loan. ·
Child Support: Periodic amount paid to provide for children after
divorce or separation. Income if borrower receives. Collected on the URLA in
Section V (Monthly Income - Other). ·
Commissions: borrower income that is based upon a percentage of the
goods or services the borrower sells (e.g., gross Realtor commission = 6%)
Collected on the URLA in Section V (Monthly Income - Commissions). ·
Dividends / Interest: Funds paid to owners of stocks or bonds by
issuer of stock or bond. Collected on the URLA in Section V (Monthly Income -
Dividends / Interest). ·
Other Types of Income: Used in conjunction with a textual description
of other types of income. Collected on the URLA in Section V (Monthly Income
- Other). ·
Overtime: Additional hourly compensation paid for work beyond the
usual and customary work period. Collected on the URLA in Section V (Monthly
Income - Overtime). ·
Pension: Periodic amount paid by employer to persons who have retired
from employer after attaining necessary term of service and other attributes.
Collected on the URLA in Section V (Monthly Income). ·
Proposed Gross Rent for Subject Property: The anticipated rent on the
subject property if it is an investment property or if a 2-4 property where
other units are rented. ·
Public Assistance Income: Amount paid to borrower by state or local
public assistance program. Collected on the URLA in Section V (Monthly
Income). ·
Real Estate Owned - Gross Rental Income : Periodic gross rents
(before expenses) arising from a piece of real estate owned (or to be owned)
by borrower. Collected on the URLA in Section VI (Schedule of Real Estate -
Gross Rental Income). ·
Social Security: In the US, monthly amount paid to recipients of OASI
(Old Age and Survivors Insurance) commonly known as Social Security.
Collected on the URLA in Section V (Monthly Income). ·
Unemployment Compensation: Amount paid or payable to borrower from
state or Federal unemployment insurance program. ·
VA Benefits (Non-educational): Dollar amount of VA Benefits excluding
education benefits available to a veteran borrower. Collected on the URLA in
Section V (Monthly Income). ·
Workers Compensation: Amount paid or payable to borrower from
Workmers Compensation Insurance program, usually for injuries that prevent
borrower from working. Collected on the URLA in Section V (Monthly Income). |
Initial
Payment Rate Percent |
The
effective payment rate at which the borrower is making payments such as the
effective first annual payment rate on a temporarily bought down loan. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Intent
To Occupy Indicator |
Borrowers
answer to the question: Do you intend to occupy the property as your primary
residence? Collected on the URLA in Section VIII line l. |
URLA |
Declarations |
MI,
Underwriting |
Boolean |
Interviewers
Telephone Number |
The
telephone number of the interviewer who took the loan application. Collected
on the URLA in Section X (Interviewers Phone Number). |
URLA |
Parties
to Transaction |
Credit
Reporting, Underwriting |
String |
Joint
Asset and Liability Reporting Type |
A
statement made by two borrowers on a single loan application indicating
whether their reporting of assets and liabilities is being completed jointly
or not jointly. Collected on the URLA in Section VI (Completed Jointly / Not
Jointly - Check Box). |
URLA |
Application |
Underwriting |
Enumerated:
·
Jointly: The income or assets of a person other than the borrower
(including the borrower’s spouse) will be used as a basis for loan
qualification. ·
Not Jointly: Assets and liabilities are sufficiently separate and are
being reported as such for the co-borrowers. |
Lender
Case Identifier |
Number
used by the Lender to identify a loan. Collected on the URLA in Section I
(Lender Case Number). |
URLA |
Application |
Credit
Reporting, Flood, MI, Underwriting |
String |
Lender
Registration Identifier |
A
tracking number, used by Loan Prospector, assigned by the wholesale lender to
identify the loan for pipeline management. |
LP |
LP
Trans |
Underwriting |
String |
Lenders
Branch Identifier |
The
lenders identification code for the branch number associated with the loan. |
Lender |
Parties
To Transaction |
Flood,
MI, Underwriting |
String |
Lenders
Contact Alternate Telephone Number |
The
alternate telephone number of the lenders contact. |
Lender |
Parties
To Transaction |
Credit
Reporting, Underwriting |
String |
Lenders
Contact Fax Number |
The
fax number of the lenders contact. |
Lender |
Parties
To Transaction |
Credit
Reporting, Flood, MI, Underwriting |
String |
Lenders
Contact Primary Telephone Number |
The
primary telephone number of the lenders contact. |
Lender |
Parties
To Transaction |
Credit
Reporting, Flood, MI, Underwriting |
String |
Liability
Account Identifier |
A
unique identifier of a borrowers liability. Collected on the URLA in Section
VI (Liabilities). |
URLA |
Liability |
Credit
Reporting, Underwriting |
String |
Liability
Exclusion Indicator |
Indicates
whether the liability is to be excluded from inclusion in calculations
associated with processing the loan. |
Lender |
Liability |
Underwriting |
Boolean |
Liability
Exclusion Reason Type |
Specifies
the reason that a liability is to be excluded from inclusion in calculations
associated with processing the loan. |
Lender |
Liability |
Underwriting |
Enumerated:
·
Already Paid: ·
Duplicate: ·
Other Parties Obligation: |
Liability
Monthly Payment Amount |
The
dollar amount of the monthly payment required on borrowers Liability Type.
Collected on the URLA in Section VI (Liabilities - Monthly Payment). |
URLA |
Liability |
Credit
Reporting, MI, Underwriting |
Money |
Liability
Payoff Status Indicator |
Identifies
whether the liability will be paid at or before closing. Collected on the
URLA in Section VI (Liabilities - Indicated By *). |
URLA |
Liability |
Credit
Reporting, Underwriting |
Boolean |
Liability
Remaining Term Months |
The
number of months the borrower must make payments in order to satisfy the
identified liability. Collected on the URLA in Section VI (Liabilities - Mos.
Left to Pay). |
URLA |
Liability |
Credit
Reporting, Underwriting |
Numeric |
Liability
Type |
Specifies
the general names (types) of items commonly listed as liabilities of the
borrower in a mortgage loan transaction. Collected on the URLA in Section VI
(Liabilities). |
URLA |
Liability |
Credit
Reporting, MI, Underwriting |
Enumerated:
·
Alimony: Periodic amount paid under terms of divorce
decree/agreement. Collected on the URLA in Section VI (Liabilities). ·
Borrower Estimated Total Monthly Liability Payment: The borrower
monthly liability amount used by the lender to qualify the borrower for the
loan. ·
Child Care: Periodic costs of providing care for having the borrowers
dependents. Collected on the URLA in Section VI (Liabilities - Job Related
Expenses.) ·
Child Support: Periodic amount paid to provide for children after
divorce or separation. Collected on the URLA in Section VI (Liabilities -
Alimony). ·
Collections, Judgments, and Liens: Lien upon the property of a debtor
resulting from a decree of the court. ·
Delinquent Taxes: Amount of local, state or federal taxes that are
past due and not paid ·
Federal Tax: Amount of tax payable to the US Government. ·
Garnishments: A notice to an employer or other asset holder that
monies, wages, or property of a debtor must be applied to a specific debt or
creditor. ·
Home Equity Line of Credit (HELOC) REO Property: A mortgage loan,
which is usually in a subordinate position, that allows the borrower to
obtain multiple advances of the loan proceeds at his or her own discretion,
up to an amount that represents a specified percentage of the borrowers
equity in a REO property. Collected on the URLA in Section VI (Liabilities). ·
Home Equity Line of Credit (HELOC) Subject Property: A mortgage loan,
which is usually in a subordinate position, that allows the borrower to
obtain multiple advances of the loan proceeds at his or her own discretion,
up to an amount that represents a specified percentage of the borrowers
equity in the subject property. Collected on the URLA in Section VI
(Liabilities). ·
Installment: Borrowed money repaid in several successive payments,
usually at regular intervals, for a specific amount & a specified term.
Collected on the URLA in Section VI (Liabilities). ·
Job Related Expenses: Ongoing obligations incurred by the borrower
which are prerequisite to retaining employment (e.g., professional
associations, special uniforms or tools, etc.) Collected on the URLA in
Section VI (Liabilities - Job Related Expenses) ·
Lease Payments: Collected on the URLA in Section VI (Liabilities). ·
Local Tax: Tax levied on borrowers income by a local entity (e.g.,
city, county, but not state or US Government.) ·
Mortgage Loan on Real Estate Owned: A closed ended lien secured
against an REO property that may be in a first or subordinate lien position.
Collected on the URLA in Section VI (Liabilities). ·
Mortgage Loan on Subject Property: A closed ended lien secured
against the subject property that may be in a first or subordinate lien
position. Collected on the URLA in Section VI (Liabilities) ·
Open / 30 Day Charge Account: Collected on the URLA in Section VI
(Liabilities). ·
Other Liability: Used in conjunction with a textual description of
other types of liabilities. ·
Revolving: Open lines of credit, which are subject to variable
payments in accordance with the balance. Credit cards are examples of
revolving credit. Collected on the URLA in Section VI (Liabilities). ·
Separate Maintenance Expense: Periodic amount paid under terms of
separation agreement. Collected on the URLA in Section VI (Liabilities - Alimony.)
·
Social Security Tax: The amount of FICA withheld from or owed on
income earned by a borrower. Used for VA loans. ·
State Tax: Tax levied on borrowers income by a state (e.g., state of
New York, but not city, county, or US Government.) ·
Union Dues: Union membership dues borrower incurs as a condition of
remaining employment through union (e.g., a closed shop). Collected on the
URLA in Section VI (Liabilities - Job Related Expenses.) ·
Unsecured Home Improvement Loan - Installment: ·
Unsecured Home Improvement Loan - Revolving: |
Liability
Unpaid Balance Amount |
The
dollar amount of the current outstanding balance on borrowers Liability Type.
Collected on the URLA in Section VI (Liabilities - Unpaid Balance). |
URLA |
Liability |
Credit
Reporting, Underwriting |
Money |
Lien
Priority Type |
Specifies
the lien priority of the subject loan on the subject property. |
Lender |
UW
Case |
Flood,
MI, Secondary, Underwriting |
Enumerated:
·
First Lien: A mortgage that gives the mortgagee a security right over
all other mortgages of the mortgaged property. ·
Fourth Lien: ·
Other: ·
Second Lien: ·
Third Lien: |
Loan
Amortization Term Months |
The
number of months used to compute the fully amortized payment. |
URLA |
Product |
MI,
Secondary, Underwriting |
Numeric |
Loan
Amortization Type |
Specifies
the type of payment stream. Collected on the URLA in Section I (Amortization
Type). |
URLA |
Product |
MI,
Secondary, Underwriting |
Enumerated:
·
Adjustable Rate: A mortgage that allows the lender to adjust the
interest rate in accordance with a specified index periodically. ·
Fixed: A mortgage in which the interest rate and payments remain the
same for the life of the loan. ·
Graduated Payment Mortgage (GPM): A type of flexible payment mortgage
where the payments increase for a specified period of time and then level off.
Usually involves negative amortization. ·
Growing Equity Mortgage: A graduated payment mortgage in which
increases in a borrower’s mortgage payments are used to accelerate reduction
of principal on the mortgage. Due to increased payment, the borrower acquires
equity more rapidly and retires the debt earlier. ·
Other Amortization Type: Used to describe the amortization type if it
is other than those specified on the URLA. ·
Start Up: |
Loan
Documentation Type |
Specifies
the extent or level of the documentation being collected to process and
underwrite the loan. |
LP |
UW
Case |
Secondary,
Underwriting |
Enumerated:
·
Full Documentation: ·
No Deposit Verification: ·
No Deposit Verification, Employment Verification, or Income
Verification: ·
No Documentation: ·
No Employment Verification or Verification of Income: A verification
of employment is a form that requests and secures documentation on a mortgage
applicant’s work history and /or occupation to assist in the lender’s credit
investigation. |
Loan
Foreclosure Or Judgment Indicator |
Borrowers
answer to the question: Have you directly or indirectly been obligated on any
loan that resulted in foreclosure, transfer of title in lieu of foreclosure,
or judgment? Collected on the URLA in Section VIII line e |
URLA |
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Loan
Original Maturity Term Months |
The
scheduled number of months after which a debt will mature if not equal to the
Amortization Term. |
Lender |
Product |
MI,
Secondary, Underwriting |
Numeric |
Loan
Origination System Loan Identifier |
A
control number (i.e. key) for the loan in the sending loan origination
system. |
LP |
LP
Trans |
Flood,
Secondary, Underwriting |
String |
Loan
Prospector Key Identifier |
The
number used by Freddie Macs Loan Prospector (LP) AUS to track the loan
throughout is LP life. Assigned by Freddie Mac the first time a loan is
submitted to LP and returned in the response file as part of the LP Feedback
Certificate. |
Freddie
Mac |
LP
Trans |
Underwriting |
String |
Loan
Purpose Type |
Specifies
the purpose for which the loan proceeds will be used. Collected on the URLA
in Section II (Purpose of Loan). |
URLA |
Application |
Flood,
MI, Secondary, Underwriting |
Enumerated:
·
Construction Only: A short term, interim loan for financing the cost
of construction. The lender advances funds to the builder at periodic
intervals as work progresses. ·
Construction to Permanent: The subject loan will be used for
construction financing and then be converted to permanent financing. ·
Other: ·
Purchase: Undivided, undifferentiated real estate ownership rights in
the property under applicable state law are vested in only one person. ·
Refinance: The repayment of a debt from proceeds of a new loan using
the same property as security. |
Loan
Registration Identifier |
A
case number assigned by the investor used for tracking on the investors
systems. |
Investor |
Loan
ID |
Underwriting |
String |
Loan
Scheduled Closing Date |
The
scheduled date for when the loan will be closed with the borrower. |
Lender |
UW
Case |
MI,
Secondary, Underwriting |
Date/Time |
Loan
Source Type |
Specifies
the source of the loan origination. |
LP |
UW
Case |
Underwriting |
Enumerated:
·
Broker: A firm or individual who, for a commission, matches borrowers
and lenders. A mortgage broker takes applications and sometimes processes
loans, but generally does not use its own funding for closing. ·
Correspondent: A specialized type of mortgage banker whose function
is limited to the origination of mortgage loans which are sold to other
mortgage bankers or investment bankers under a specific commitment. A
correspondent generally closes loans in their own name. ·
Retail Origination: An individual, firm, or corporation that
originates, sells and /or services loans secured by mortgages on real
property. |
Marital
Status Type |
The
marital status of the borrower as disclosed by the borrower. Collected on the
URLA in Section III (Marital Status Check Box). |
URLA |
Borrower |
Service
ordering, Credit Reporting, Underwriting |
Enumerated:
·
Married: ·
Not Provided: ·
Separated: ·
Unknown: ·
Unmarried (Single, Divorced, Widowed): |
Metropolitan
Statistical Area Identifier |
Identifies
Metropolitan Statistical Area (MSA) where subject property is located. A MSA
is a contiguous geographic area consisting of an urban center city and its
surrounding suburbs. |
Lender |
Subject
Property |
Underwriting |
String |
Month
Thirteen Principal Interest Taxes and Insurance Amount |
The
dollar amount of the principal, interest, tax and insurance payment at month
13 of the amortization schedule of the loan. Used for adjustable products. |
LP |
UW
Case |
Underwriting |
Money |
MORNETPlus
Casefile Identifier |
The
number used by Fannie Maes Desktop Underwriter System to track a loan with
that system. |
Fannie
Mae |
DU
Trans |
Underwriting |
String |
Mortgage
Identifier |
The
number used by the Mortgage Electronic Registration System (MERS) to identify
loans. |
MERS |
Loan
ID |
Secondary,
Underwriting |
String |
Mortgage
Insurance And Funding Fee Financed Amount |
The
dollar amount of private mortgage insurance premium, FHA up-front MI Premium
or VA funding fee that is rolled into loan amount. Used if PMI / MIP / VA funding
fee will be added to loan amount. Collected on the URLA in Section VII line
n. |
URLA |
Application |
MI,
Underwriting |
Money |
Mortgage
Insurance And Funding Fee Total Amount |
The
total amount paid to initiate private mortgage insurance, FHA up-front MI
premium or the VA funding fee. Collected on the URLA in Section VII line g. |
URLA |
Application |
Underwriting |
Money |
Mortgage
Insurance Application Type |
Specifies
the way the lender directs the mortgage insurer to handle the processing of
the loan. |
MI
Order |
MI |
MI,
Underwriting |
Enumerated:
·
Delegated: ·
Prequalification: ·
Standard Application: |
Mortgage
Insurance Certificate Identifier |
The
number assigned by a mortgage insurer to track a loan. |
MI
Order |
Loan
ID |
MI,
Underwriting |
String |
Mortgage
Insurance Certificate Type |
Specifies
the type of mortgage insurance certificate required by the customer. |
MI
Order |
MI |
MI,
Secondary, Underwriting |
Enumerated:
·
Both Primary and Pool: ·
No Coverage: ·
Pool: ·
Primary: |
Mortgage
Insurance Company Name |
The
name of the entity that will provide mortgage insurance for a loan. |
MI
Order |
MI |
MI,
Secondary, Underwriting |
Enumerated:
·
CMG Mortgage Insurance Company (affiliate of PMI) CMG: ·
GE Capital Mortgage Insurance Corporation, GE: ·
MGIC Indemnity Corporation, MGICIC: ·
Mortgage Guaranty Insurance Corporation, MGIC: ·
PMI Mortgage Insurance Corporation, PMI: ·
Radian (formerly CMAC): ·
Republic Mortgage Insurance Company, RMIC: ·
Triad Guaranty Insurance Corporation, TGIC: ·
United Guaranty Corporation, UGC: |
Mortgage
Insurance Coverage Percent |
The
percentage of the loan amount to be insured. |
Lender |
MI |
MI,
Secondary, Underwriting |
Numeric(8,7) |
Mortgage
Insurance Coverage Plan Type |
Specifies
the coverage type of private mortgage insurance coverage selected. |
MI
Order |
MI |
MI,
Underwriting |
Enumerated:
·
Pool: ·
Risk Sharing: ·
Second Layer: ·
Standard Primary: |
Mortgage
Insurance Duration Type |
Specifies
the duration of coverage provided by the private mortgage insurance payment. |
MI
Order |
MI |
MI,
Application, Underwriting |
Enumerated:
·
Annual: ·
Not Applicable: ·
Periodic (Monthly): ·
Single Life of Loan: ·
Specific Term Single: |
Mortgage
Insurance Initial Premium Prepaid At Closing Type |
Specifies
whether the initial Mortgage Insurance premium is prepaid upon closing or
deferred until first principle payment. |
MI
Order |
MI |
MI,
Underwriting |
Enumerated:
·
Deferred: ·
Prepaid: |
Mortgage
Insurance Premium Financed Indicator |
Indicates
whether mortgage insurance premium has been added to loan amount. |
MI
Order |
MI |
MI,
Application, Underwriting |
Boolean |
Mortgage
Insurance Premium Payment Type |
Specifies
the source of the mortgage insurance payment. |
MI
Order |
MI |
MI,
Application, Underwriting |
Enumerated:
·
Borrower Paid: ·
Both Borrower and Lender Paid: ·
Lender Paid: |
Mortgage
Insurance Premium Rate Plan Type |
Specifies
pattern of Mortgage Insurance premium rates charged over the life of the
coverage. |
MI
Order |
MI |
MI,
Underwriting |
Enumerated:
·
Back Loaded: ·
Level: First premium is at same rate as subsequent renewals. ·
Modified Front Loaded: MI premium collected from borrower. ·
Standard Front Loaded: First premium is at a higher rate than
subsequent renewals. |
Mortgage
Insurance Premium Refundable Type |
Specifies
how the private mortgage insurance premiums will be treated if the private
mortgage insurance coverage is canceled. |
MI
Order |
MI |
MI,
Application, Underwriting |
Enumerated:
·
Not Refundable: ·
Refundable: ·
Refundable with limits: |
Mortgage
Insurance Premium Term Months |
The
number of months of mortgage insurance coverage pre-paid by the initial
premium. |
MI
Order |
MI |
MI,
Application, Underwriting |
Numeric |
Mortgage
Insurance Renewal Calculation Type |
Specifies
the way in which the renewal premiums will be calculated. |
MI
Order |
MI |
MI,
Application, Underwriting |
Enumerated:
·
Constant: ·
Declining: ·
No Renewals: ·
Not Applicable: |
Mortgage
Insurance Renewal Type |
Specifies
the type of mortgage insurance renewal. |
MI
Order |
MI |
Underwriting |
Enumerated:
·
Guaranteed: Rate will not change during life of coverage. ·
Not Applicable: ·
Variable: First premium is at a higher rate than subsequent renewals. |
Mortgage
Type |
Specifies
the type of mortgage being applied for or that has been granted. |
URLA |
Product |
MI,
Underwriting |
Enumerated:
·
Farmers Home Administration: A government agency which provides
financing to farmers and other qualified borrowers who are unable to obtain
loans elsewhere. ·
FHA: A federal agency within HUD that provides mortgage insurance for
residential mortgages and sets standards for construction and underwriting. ·
Local Agency: ·
Other: ·
State Agency: ·
VA: VA Home Loan Guaranty Program encourages mortgage lenders to
offer long-term, low down payment financing to eligible veterans by partially
guaranteeing the lender against loss upon foreclosure. |
Negative
Amortization Limit Percent |
The
maximum loan to value ratio (UPB to original loan balance) stated as a
percent that is allowed for a negatively amortizing mortgage. When the
negative amortization limit is hit the loan is cast to be fully amortizing. |
LP |
Product |
Underwriting |
Numeric(8,7) |
Negative
Amortization Type |
Specifies
whether negative amortization is possible for the loan and if so if it is
scheduled or potential. Negative amortization is unpaid interest added to the
mortgage principal. This applies to loans where the principal balance
increases because the payments do not cover the interest. |
Lender |
Product |
MI,
Secondary, Underwriting |
Enumerated:
·
No Negative Amortization: ·
Potential Negative Amortization: ·
Scheduled Negative Amortization: |
Other
Amortization Type Description |
A
free-form text field used to collect additional information or a description
of the amortization type when Other is selected. |
URLA |
Product |
MI,
Underwriting |
String |
Other
Asset Type Description |
A
free-form text field used to capture additional information or a description
of the borrowers asset when other is selected. Collected on the URLA in
Section VI (Assets - Other Assets Itemize). |
URLA |
Asset |
Credit
Reporting, Underwriting |
String |
Other
Declaration Description |
A
free-form text field used to capture explanations to any yes answer to a
declaration on lines a through I on the loan application. Captured on the
URLA in a continuation sheet. |
URLA |
Declarations |
Underwriting |
String |
Other
Down Payment Type Description |
A
free-form text field used to capture the type of down payment or additional
comments concerning the type of down payment when other is selected.
Collected on the URLA in Section II (Source of Down Payment) along with down
payment source. |
URLA |
Application |
Underwriting |
String |
Other
Housing Expense Description |
A
free-form text field used to capture a description of other housing expenses
for which the borrower is responsible. Collected on the URLA in Section V
(Combined Monthly Housing Expense, Other). |
URLA |
Expense |
Underwriting |
String |
Other
Income Type Description |
A
free-form text field used to capture a description of other income that the
borrower is declaring on the loan application. Collected on the URLA in
Section V (Gross Monthly Income - Other). |
URLA |
Income |
Credit
Reporting, Underwriting |
String |
Other
Liability Type Description |
A
free form text field used to capture additional information or a description
of the borrowers other liabilities. Collected on the URLA in Section VI -
Liabilities. |
URLA |
Liability |
Underwriting |
String |
Other
Loan Purpose Description |
A
free-form text field used to capture the purpose of the loan when Other is
indicated for Loan Purpose. Collected on the URLA in Section II (Purpose of
Loan - Other Explain). |
URLA |
Application |
MI,
Underwriting |
String |
Other
Mortgage Type Description |
A
free-form text field used to collect additional information or a description
of the mortgage type when Other is selected. Collected on the URLA in Section
I (Mortgage Applied For Other). |
URLA |
Product |
Underwriting |
String |
Other
Party Paid Conventional Closing Costs Amount |
The
estimated closing costs which will be paid by a party,,other than the
borrower, for the subject property. Collected on the URLA in Section VII line
l. |
URLA |
Application |
Underwriting |
Money |
Other
Party Paid Conventional Discount Points Amount |
The
dollar amount of discount points which will be paid by a party, other than
the borrower, for the subject property. Collected on the URLA in Section VII
line l. |
URLA |
Application |
Underwriting |
Money |
Other
Party Paid FHA/VA Closing Costs Amount |
The
estimated closing costs which will be paid by a party, other than the
borrower or seller, on the subject property. Used for FHA or VA loans. |
FHA |
FHA/VA |
Underwriting |
Money |
Other
Party Paid FHA/VA Discount Points Amount |
The
dollar amount of the discount points which will be paid by a party other than
the borrower or seller for FHA and VA loans. |
FHA |
FHA/VA |
Underwriting |
Money |
Other
Party Paid FHA/VA Discount Points Percent |
The
discount points which will be paid by a party other than the borrower or
seller. Used for FHA and VA loans. Must be stated as a percentage of the loan
amount. |
FHA |
FHA/VA |
Underwriting |
Numeric(8,7) |
Other
Race/National Origin Description |
A
free-form text field used to capture the national origin if Other is selected
as the borrowers race or national origin. Collected on the URLA in Section X (Race/National
Origin). |
URLA |
Declarations |
Underwriting |
String |
Outstanding
Judgments Indicator |
Borrowers
answer to the question: Are there any outstanding judgments against you?
Collected on the URLA in Section VIII line a. |
URLA
|
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Party
Address 1 |
The
unstructured street address of the referenced Party Type. |
URLA |
Party |
Credit
Reporting, Flood, Underwriting |
String |
Party
Address 2 |
The
unit or suite number (if any) of the address of the referenced Party Type. |
URLA |
Party |
Credit
Reporting, Flood, Underwriting |
String |
Party
City |
The
city in which the referenced Party Type is located. |
URLA |
Party |
Credit
Reporting, Flood, Underwriting |
String |
Party
Country |
The
country in which the referenced Party Type is located if not the U.S.A. |
URLA |
Party |
Credit
Reporting, Flood, Underwriting |
String |
Party
Name |
The
unstructured name of the individual or institution is referenced by the Party
Type. |
URLA |
Party |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Party
Postal Code |
The
postal code (zip code in the US) of the individual or institution referenced
by the Party Type. Zip code may be either 5 or 9 digits. |
URLA |
Party |
Credit
Reporting, Flood, Underwriting |
String |
Party
State |
The
state in which the individual or institution referenced by the Party Type is
located. |
URLA |
Party |
Credit
Reporting, Flood, Underwriting |
String |
Party
To Lawsuit Indicator |
Borrowers
answer to the question: Are you a party to a lawsuit? Collected on the URLA
in Section VIII line d. |
URLA
|
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Party
Type |
Specifies
the party to the transaction. The following information may be associated
with each party: Name, Address (parsed and unparsed), and Contact Detail. |
(not
specified) |
Party |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
Enumerated:
·
Appraiser: The appraiser who completed the final estimate of value
for the subject property. ·
Asset Holder: The individual or institution holding the borrowers
asset. ·
Broker Contact: A person who is designated as the brokers contact. ·
Credit Bureau: The credit reporting agency used for the original
credit report ordered by the loan originator. ·
Credit Trade Reference: The party referenced in a credit report.
Could be a creditor, inquiring party, court, attorney or plaintiff. ·
Employer: The borrowers employer. ·
Fulfillment Party: The ultimate party processing the service request
if it differs from the receiving party. Often used when a service provider
uses local vendors to fulfill services. ·
Interviewer: The person who took the loan application. Collected on
the URLA in Section X (Interviewers Name). ·
Interviewers Employer: The individual or institution that employs the
interviewer. Collected on the URLA in Section X (Name and Address of
Interviewers Employer). ·
Lender: Person or entity that invests in or originates mortgage
loans. ·
Lenders Authorized Representative: The person designated as the
authorized representative employed by the lender. ·
Lenders Branch: Identifies the name or location of the lenders branch
office. ·
Lenders Contact : The person employed by the lender that an
individual could call with questions regarding the mortgage loan. ·
Lenders Information Contact: The person designated as the information
contact employed by the lender. ·
Lenders Notification Contact: The person designated as the
notification contact employed by the lender. ·
Lenders Underwriter: The person is the underwriter of the loan that
is employed by the lender ·
Liability Holder: The individual or institution holding the borrowers
liability. ·
Owning Bureau: The credit bureau that owns or manages the credit file
being referenced. ·
Receiving Party: The business, person, or system that will receive
the request group for further processing. The send to: addressee. ·
Requesting Party: The ultimate customer of a service or other
request. Usually the person associated with the business that is ultimately
billed for the transaction. The contact under this party is the person
requesting the service or product. ·
Respond To Party: The person or organization that wants to receive
copies of responses to the request. ·
Response From Party: The person or organization that prepared the
response to the request. ·
Submitting Party: The individual or organization that is placing the
request group on behalf of the requesting party. |
Payment
Adjustment Type |
Specifies
whether the payment adjustment is conditional (optional) or scheduled. Used
for Adjustable Rate, GPM, GEM or Start Up mortgages. |
Lender |
Product |
MI,
Underwriting |
Enumerated:
·
Conditional: ·
Scheduled: |
Payment
Adjustment Amount |
The
dollar amount to be added to the current payment. If the subject mortgage can
change by means other than a rate adjustment. |
Lender |
Product |
MI,
Underwriting |
Money |
Payment
Adjustment Calculation Type |
Indicates
the method for calculating the new payment at each change. If the subject
mortgage can change by means other than a rate adjustment. |
Lender |
Product |
MI,
Underwriting |
Enumerated:
·
Add Fixed Dollar Amount to the Current Payment: ·
Add Percent to Current Payment Amount: ·
Add Percent to Effective Payment Rate: |
Payment
Adjustment Duration Months |
The
total number of months in the adjustment period. |
Lender |
Product |
Underwriting |
Numeric |
Payment
Adjustment Lifetime Cap Amount |
The
maximum dollar amount (cap) of the payment increase allowed during the life
of the loan, if the subject mortgage can change by means other than a rate
adjustment. |
Lender |
Product |
MI,
Underwriting |
Money |
Payment
Adjustment Lifetime Cap Percent |
The
maximum percentage (cap) on the payment increase allowed during the life of
the loan, if the subject mortgage can change by means other than a rate
adjustment.(Expressed as percentage of the payment amount.) |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Payment
Adjustment Percent |
The
percentage to be added to the current payment. If the subject mortgage can
change by means other than a rate adjustment. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Payment
Adjustment Periodic Cap Amount |
The
maximum dollar amount (cap) of the payment increase allowed at each change
period within the allowed duration. If the subject mortgage can change by
means other than a rate adjustment. |
Lender |
Product |
MI,
Underwriting |
Money |
Payment
Adjustment Periodic Cap Percent |
The
maximum percentage (cap) on the payment increase allowed at each change
period within the allowed duration. If the subject mortgage can change by
means other than a rate adjustment. (Expressed as a percentage of the payment
amount.) |
LP |
Product |
MI,
Underwriting |
Numeric(8,7) |
Payment
Frequency Type |
Specifies
the frequency of the mortgage payment. |
Lender |
Product |
MI,
Secondary, Underwriting |
Enumerated:
·
Bi-weekly: ·
Monthly: |
Planned
Unit Development Indicator |
Indicates
whether project in which the subject property is located is a Planned Unit
Development (PUD). |
Valuation |
Project |
MI,
Underwriting |
Boolean |
Pledged
Asset Certificate of Deposit Amount |
The
dollar amount of the certificate of deposit that is being used as additional
collateral on a pledged asset mortgage. |
Lender |
Pledged |
Underwriting |
Money |
Pledged
Asset Contributor Type |
Specifies
the owner of the pledged asset held as additional collateral. |
Lender |
Pledged |
Underwriting |
Enumerated:
·
Borrower: ·
Third Party: |
Pledged
Asset Financial Arrangement Amount |
The
dollar amount of the financial arrangement that is being used as additional
collateral on a pledged asset mortgage. |
Lender |
Pledged |
Underwriting |
Money |
Pledged
Asset Life Insurance Amount |
The
dollar amount of the life insurance that is being used as additional
collateral on a pledged asset mortgage. |
Lender |
Pledged |
Underwriting |
Money |
Pledged
Asset Release Date |
The
scheduled date of the release of the secured asset. |
Lender |
Pledged |
Underwriting |
Date/Time |
Pledged
Asset Savings Amount |
The
dollar amount of the savings account that is being used as additional
collateral on a pledged asset mortgage. |
Lender |
Pledged |
Underwriting |
Money |
Prepaid
Items Estimated Amount |
The
dollar amount of escrow / impound to be held by the lender, which is to be
collected at closing for future payment of taxes, insurance or other
obligations on the subject property. Collected on the URLA in Section VII
line e. |
URLA |
Application |
Underwriting |
Money |
Prepayment
Penalty Indicator |
Indicates
whether the loan includes a penalty charged to the borrower in the event of prepayment. |
Lender |
Product |
Underwriting |
Boolean |
Prepayment
Restriction Indicator |
Indicates
whether the loan has any restrictions on the prepayment of the loan (i.e.
paying off the principal and or interest at a rate faster than prescribed by
the payment schedule). |
Lender |
Product |
Underwriting |
Boolean |
Presently
Delinquent Indicator |
Borrowers
answer to the question: Are you presently delinquent or in default on any
Federal debt or any other loan mortgage, financial obligation, bond or loan
guarantee? Collected on the URLA in Section VIII line f. |
URLA
|
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Primary
Employment Indicator |
This
element is an indicator that tells whether the associated employment is the
borrowers primary employment or not using a Y/N indicator. |
URLA |
Employment |
Credit
Reporting, Underwriting |
Boolean |
Prior
Property Title Type |
Borrowers
answer to the question: How did you hold title to the home solely by
yourself, jointly with your spouse, or jointly with another person? Collected
on the URLA in Section VIII line m2. |
URLA |
Declarations |
Service
ordering, Underwriting |
Enumerated:
·
Joint with Other Than Spouse: Use this answer for any property owned
with any other person including spouse. ·
Joint with Spouse: Use this answer for any property owned with a
spouse. ·
Sole (Individual): |
Prior
Property Usage Type |
Borrowers
answer to the question: What type of property did you own principal
residence, second home, or investment property? Collected on the URLA in
Section VIII line m1. |
URLA |
Declarations |
Underwriting |
Enumerated:
·
Investment: The purchase of a home for the purpose of generating
income by renting the property to tenants. ·
Primary Residence: Residence that the owner physically occupies and
uses as his or her home. ·
Secondary Residence: A property purchased for occupancy by the owner
but is not the primary residence. Usually recreational properties. |
Product
Description |
A
free-form textual description of the loan product. |
Lender |
Product |
Underwriting |
String |
Product
Name |
A
unique identifier of the type of loan product. |
Lender |
Product |
MI,
Secondary, Underwriting |
String |
Product
Source Type |
Specifies
the source of the list for identifiers of the loan product being financed. |
Lender |
Product |
Underwriting |
Enumerated:
·
Fannie Mae: ·
Freddie Mac: |
Project
Name |
The
name of the project in which subject property is located. (E.g. the name of
the condominium or cooperative) |
Valuation |
Project |
MI,
Underwriting |
String |
Project
Rented Unit Count |
The
total number of units currently being rented in project in which the subject
property is located. |
Valuation |
Project |
Underwriting |
Numeric |
Project
Sold Unit Count |
The
total number of units sold and currently conveyed to owners in project in
which the subject property is located. |
Valuation |
Project |
Underwriting |
Numeric |
Project
Total Unit Count |
The
total number of units (completed, proposed or under construction) in the
project in which the subject property is located. |
Valuation |
Project |
Underwriting |
Numeric |
Property
Acquired Year |
The
year in which the land & buildings of the property were acquired by
borrower. |
URLA |
Subject
Property |
Secondary,
Underwriting |
Date/Time |
Property
Address 1 |
The
unstructured (Unparsed) street address of the property (e.g., 123 Main
Street). |
URLA |
Subject
Property |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Property
Address 2 |
The
unit number (if any) of the address of the property. |
URLA |
Subject
Property |
Service
ordering, Credit Reporting, MI, Secondary, Underwriting |
String |
Property
Appraised Value Amount |
Statement
of propertys value from a valid property valuation source |
Valuation |
Subject
Property |
MI,
Secondary, Underwriting |
Money |
Property
Category Type |
Specifies
the type of dwelling or structure for the property. |
Valuation |
Subject
Property |
MI,
Secondary, Underwriting |
Enumerated:
·
Attached: Residential dwelling unit that has common wall or other
direct physical connection with another residential dwelling unit. ·
Church: Describes a structure used on a regular basis as a place of
worship, and/or structure specifically designed for the purpose of conducting
worship. ·
Commercial Non-residential: General category for classifying real
estate designed and/or used as location to conduct commercial activities,
with no design provisions for intend use as borrowers place of residence. ·
Commercial Residential: General category for classifying real estate
where some part of the property is designed and/or used as location to
conduct commercial activities, and other parts intend for use as borrowers
place of residence. (e.g., shop downstairs, residence upstairs.) ·
Detached: Residential dwelling unit that has no common wall or other
direct physical connection with another residential dwelling unit. Collected
on the URLA in Section VI ( Schedule or Real Estate - Type of Property). ·
Farm: General category for classifying real estate designed and/or
used as location to conduct agricultural activities, which may or may not
include a residential dwelling unit on the land encompassed by the farm. ·
High Rise: Structure of multiple residential dwelling units of 5
stories or more. ·
Low Rise: Structure of multiple residential dwelling units that is of
4 stories or less. ·
Manufactured: Dwelling unit constructed and pre-assembled in large
part at a factory, then shipped to homes site on trailer; base frame is NOT
designed to for wheels and axles, but rather for permanently affixing unit to
the foundation at the homes site. ·
Mobile Home: Dwelling unit constructed on metal base frame which
features wheels and axles to be used in transporting home from place to
place. ·
Modular: Dwelling unit constructed of multiple logical structural
units (e.g., bathroom and plumbing core module, standard non-master bedroom
modules, etc.) ·
Site Built: Describes construction process, indicating that most
elements of the structure are created at the homes permanent site. Think of
this as the flip side of Manufactured or Modular. Example: build homes frame
at site, then do wiring and plumbing around and through the frame. ·
Stacked: Describes construction process, usually indicating that
entire manufactured dwelling units are place one atop the other at the homes
permanent site to create a multi-story structure. ·
Townhouse / Rowhouse: One in a row of identical houses or having
common wall. Attached to another unit via common wall (e.g., a brownstone.)
(Appraisal Foundation (AF) refers to this as house design style.) |
Property
City |
The
city in which the property is located. |
URLA |
Subject
Property |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Property
City Assessor Parcel Identifier |
Unique
tax map number assigned by the city in which the subject property is located. |
LP |
Subject
Property |
Underwriting |
String |
Property
Country |
The
country in which the property is located, if not in the U.S.A. |
URLA |
Subject
Property |
Credit
Reporting, Secondary, Underwriting |
String |
Property
County |
The
county in which the property is located. |
FHA |
Subject
Property |
Service
ordering, Flood, MI, Secondary, Underwriting |
String |
Property
County Assessor Parcel Identifier |
Unique
tax map number assigned by the county in which the subject property is
located. |
LP |
Subject
Property |
Underwriting |
String |
Property
Disposition Status Type |
The
borrowers intended disposition of an owned property. Collected on the URLA in
Section VI (Schedule of Real Estate Owned). |
URLA |
REO |
Secondary,
Underwriting |
Enumerated:
·
Pending Sale: Listed for Sale: ·
Retain - Not for Sale: ·
Retain for Rental: ·
Sold: Sale of property to be closed at or before closing of the
subject property. |
Property
Energy Efficient Home Indicator |
Indicates
that the appraiser states that the property meets FHA /VA Energy Efficient
Home guidelines. Usually applies to new construction. |
FHA/VA |
Subject
Property |
Underwriting |
Boolean |
Property
Estimated Value Amount |
A
statement of the propertys present market value from the borrowers or loan
originators estimate. |
URLA |
Subject
Property |
MI,
Secondary, Underwriting |
Money |
Property
Financed Number of Units |
The
number of individual family dwelling units being financed in the subject property.
Collected on the URLA in Section II (No. Of Units). |
URLA |
Subject
Property |
MI,
Secondary, Underwriting |
Numeric |
Property
Foreclosure Past Seven Years Indicator |
Borrowers
answer to the question: Have you had property foreclosed upon or given title
or deed in lieu thereof in the last seven years? Collected on the URLA in
Section VIII line c. |
URLA
|
Declarations |
Credit
Reporting, Underwriting |
Boolean |
Property
Gross Living Area Square Feet |
The
number of square feet in the gross living area of the subject property
including only finished, above grade rooms. |
Valuation |
Appraisal |
MI,
Underwriting |
Numeric |
Property
Land Appraised Value Amount |
This
is the appraised present value of the land for the property if it acquired
separately. It assumes that the valuation comes from a professional property
appraisal source. |
URLA |
Application |
Secondary,
Underwriting |
Money |
Property
Land Estimated Value Amount |
This
is the estimated present value of the land for the property if it is acquired
separately. It assumes that the valuation comes from the borrower, lender, or
someone other than a professional appraiser. |
URLA |
Application |
Secondary,
Underwriting |
Money |
Property
Land Original Cost Amount |
This
is the original cost of the land for the property if it is acquired separately.
|
URLA |
Application |
Secondary,
Underwriting |
Money |
Property
Leasehold Expiration Date |
The
final expiration date of the ground lease for the lot of the property. |
URLA |
Subject
Property |
Secondary,
Underwriting |
Date/Time |
Property
Liability Age Months |
The
age in months of a liability secured by the property. |
Lender |
Liability |
Secondary,
Underwriting |
Numeric |
Property
Long Legal Description |
A
free-form text field used to capture the legal description of the property. A
long legal description would be used for metes and bounds descriptions. |
URLA |
Subject
Property |
Flood,
Secondary, Underwriting |
String |
Property
Lot Acquired Year |
The
year in which the lot of property was acquired by borrower. Used for
construction loans. |
URLA |
Subject
Property |
Secondary,
Underwriting |
Date/Time |
Property
Original Cost Amount |
The
dollar amount of the original cost of property at time of acquisition. |
URLA |
Subject
Property |
Secondary,
Underwriting |
Money |
Property
Ownership Type |
Describes
the type of ownership associated with a property. |
Valuation |
Subject
Property |
MI,
Underwriting |
Enumerated:
·
Condo-Hotel: Condo project with rental/registration desks, short-term
rental, food & phone services & daily cleaning; operated as hotel
even though units are individually owned. Collected on the URLA in Section VI
(Schedule of Real Property - Type of Property.) ·
Condominium: A type of real estate ownership in which each unit owner
has title to a unit in a building, an undivided interest in the common areas
of the project as well as the basic structure, and sometimes the exclusive
use of certain limited common areas. Collected on the URLA in Section VI (
Schedule of Real Estate - Type of Property). ·
Cooperative: A type of multiple ownership in which the residents of a
multiunit housing complex own shares in the cooperative corporation that owns
the property, giving each resident the right to occupy a specific apartment
or unit. Collected on the URLA in Section VI ( Schedule of Real Estate - Type
of Property). |
Property
Postal Code |
The
postal code (zip code in the US) of the property. Zip code may be either 5 or
9 digits. |
URLA |
Subject
Property |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Property
REO Indicator |
Indicates
that a borrower currently owns the property. |
Lender |
Property |
Credit
Reporting, MI, Secondary, Underwriting |
Boolean |
Property
Rights Type |
Specifies
the intended property ownership rights for the property. |
URLA |
Subject
Property |
Secondary,
Underwriting |
Enumerated:
·
Community Property: ·
Fee Simple: The greatest possible interest a person can have in real
estate, including the right to dispose of the property or pass it on to one’s
heirs. ·
Joint Tenants: ·
Leasehold: An estate or interest in real property held by virtue of a
lease. ·
Tenants In Common: ·
Unassigned: |
Property
Short Legal Description |
A
free-form text field used to capture the short legal description of the
property. The short legal description would include lot, block and section.
In general a legal description is a property description recognized by law
that is sufficient to locate & identify the subject property without oral
testimony. Collected on the URLA in Section II (Legal Description). |
URLA |
Subject
Property |
Flood,
Secondary, Underwriting |
String |
Property
State |
The
state in which the property is located. |
URLA |
Subject
Property |
Service
ordering, Credit Reporting, Flood, MI, Secondary, Underwriting |
String |
Property
State Assessor Parcel Identifier |
Unique
tax map number assigned by the state in which the subject property is
located. |
LP |
Subject
Property |
Underwriting |
String |
Property
Structure Built Year |
The
year in which the structure on the property was completed. |
URLA |
Subject
Property |
Flood,
MI, Secondary, Underwriting |
Date/Time |
Property
Subject Indicator |
Indicates
that the property is the subject of the financing. |
Lender |
Property |
Credit
Reporting, MI, Secondary, Underwriting |
Boolean |
Property
Unit Resale Indicator |
Indicates
whether the property unit is a resale and not an original purchase from the
builder / developer. |
Valuation |
Subject
Property |
Secondary,
Underwriting |
Boolean |
Property
Usage Type |
Specifies
intended use by the borrower of the property. |
URLA |
Subject
Property |
MI,
Secondary, Underwriting |
Enumerated:
·
Investor: The purchase of a home for the purpose of generating income
by renting the property to tenants. ·
Primary Residence: Residence that the owner physically occupies and
uses as his or her home. ·
Second Home: A property purchased for occupancy by the owner but is
not the primary residence. Usually recreational properties. |
Purchase
Credit Amount |
The
dollar amount of the Purchase Credit Type related to the loan application.
Collected on the URLA in Section VII (Details of Transaction - Other Credits
- Amount). |
URLA |
Purchase
Credit |
Underwriting |
Money |
Purchase
Credit Description |
A
free-form text field used to capture additional information or a description
of purchase credits related to the loan application. Collected on the URLA in
Section VII (Details of Transaction - Other Credits - Explain) |
URLA |
Purchase
Credit |
Underwriting |
String |
Purchase
Credit Source Type |
Specifies
the party contributing credits to the transaction exclusive of the mortgage
financing. Collected on the URLA in Section VII (Details of Transaction -
Other Credits - Explain) |
URLA |
Purchase
Credit |
Underwriting |
Enumerated:
·
Borrower - Paid Outside of Closing: ·
Builder/Developer: ·
Employer: ·
Lender: ·
Non-Parent Relative: ·
Other: ·
Parent: ·
Property Seller: ·
Real Estate Agent: ·
Unrelated Friend: |
Purchase
Credit Type |
Specifies
the general names (types) of credit on the transaction exclusive of
financing. Collected on the URLA in Section VII (Details of Transaction -
Other Credits - Explain). |
URLA |
Purchase
Credit |
Underwriting |
Enumerated:
·
Buydown Fund: Funds held for the purpose of subsidizing some part of
the periodic P&I in a specific pattern for a specific time period. ·
Commitment / Origination Fee: Commitment / Origination Fee paid by
borrower is credited back to borrower as a valid source of borrower funds to
close the transaction. ·
Earnest Money: A deposit made as a show of good faith by buyer to
bind the conditions of a sale of real estate. ·
Employer Assisted Housing: Funds provided to borrower by employer to
offset some of the initial or ongoing costs of borrowers home. ·
Gift of Equity: Without consideration or promise of repayment, owner
of property credits buyer with a specified dollar amount of equity. This is
most often seen in inter-generation transfers in families, where parents will
credit children with some portion of equity not conveyed in cash ·
Lease Purchase Fund: Under a lease/purchase arrangement, owner of
real estate agrees to credit some portion of rent towards down payment. This
is the accumulated amount of such credits reflected at closing. ·
Other: Purchase credits of any type not otherwise listed; typically
linked to a FREE TEXT description field. ·
Private Mortgage Insurance / Mortgage Insurance Premium / VA Funding
Fee Refund: Anticipated refund of unearned prepaid Private Mortgage
Insurance, Mortgage Insurance Premium, or VA Funding Fee arising from the
subject transaction that is accepted as a valid source of borrower funds to
close the transaction. ·
Relocation Funds: Funds provided to relocating borrower (usually by
employer) to offset some of the initial or ongoing costs of borrowers home at
the new location. ·
Sweat Equity: Buyer/borrower agrees with owner (who is usually also
builder/re-habber) that work done by Buyer/borrower to help complete the
property will be credited as having specific value and will be done in lieu
of some portion of the cash purchase price. ·
Trade Equity: Usually involves what the IRS calls a 1031 exchange of
equity the buyer and seller hold in one or more other properties, in lieu of
some portion of the cash purchase price |
Purchase
Price Amount |
The
total dollar amount paid by the borrower for the property pledged as security
for the mortgage. The purchase price is presented on the offer to purchase.
Collected on the URLA in Section VII line a. |
Offer
to Purchase, URLA |
Application |
MI,
Underwriting |
Money |
Purpose
of Refinance Description |
A
free-form text field used to capture the purpose of a refinance. Collected on
the URLA in Section II (Purpose of Refinance). |
URLA |
Application |
Underwriting |
String |
Race
National Origin Refusal Indicator |
Borrowers
answer to the statement: I do not wish to furnish the HMDA) information.
Collected on the URLA in Section X. |
URLA |
Declarations |
MI,
Underwriting |
Boolean |
Race/National
Origin Type |
The
borrowers or interviewers statement about the borrowers race or national
origin. Collected on the URLA in Section X (Race/National Origin). |
URLA |
Declarations |
MI,
Underwriting |
Enumerated:
·
American Indian or Alaskan Native: Category as defined by Home
Mortgage Disclosure Act section 202.13. ·
Asian or Pacific Islander: Category as defined by Home Mortgage Disclosure
Act section 202.13. ·
Black Not of Hispanic Origin: Category as defined by Home Mortgage
Disclosure Act section 202.13. ·
Hispanic: Category as defined by Home Mortgage Disclosure Act section
202.13. ·
Information Not Provided: Not provided by applicant in mail or
telephone application. Category as defined by Home Mortgage Disclosure Act
section 202.13. ·
Not Applicable: Borrower is an entity not an individual or there is
no co-borrower. Category as defined by Home Mortgage Disclosure Act section
202.13. ·
Other: Category as defined by Home Mortgage Disclosure Act section
202.13. ·
White Not of Hispanic Origin: Category as defined by Home Mortgage
Disclosure Act section 202.13. |
Rate
Adjustment Calculation Type |
Indicates
the method for calculating the new rate at each change. If the subject
mortgage can change by means other than a rate adjustment. |
Lender |
Product |
Underwriting |
Enumerated:
·
Add Percent to Current Rate: ·
Add Percent to Original Rate: ·
Index + Margin: |
Rate
Adjustment Duration Months |
The
total number of months for which the rate adjustment will be effective. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Rate
Adjustment Initial Cap Percent |
The
maximum allowed increase in the interest rate (cap) at the initial
adjustment. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Rate
Adjustment Lifetime Cap Percent |
The
maximum percentage (cap) of the rate increase allowed for the entire life of
the loan, if the interest rate on the subject loan can change. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Rate
Adjustment Percent |
Percentage
to be added to current or original interest rate. If the interest rate on the
subject loan can change. |
Lender |
Product |
Underwriting |
Numeric(8,7) |
Rate
Adjustment Subsequent Cap Percent |
The
maximum percentage (cap) of the rate increase allowed at each rate adjustment
period after the initial adjustment within the allowed duration. If the
interest rate on the subject loan can change. |
Lender |
Product |
MI,
Underwriting |
Numeric(8,7) |
Refinance
- Including Debts to be Paid Off Amount |
The
total amount of all debt to be repaid with funds from refinancing the
mortgage loan on the subject property. Collected on the URLA in Section VII
line d. |
URLA |
Application |
Secondary,
Underwriting |
Money |
Refinance
Completed Improvements Amount |
The
total dollar amount of the improvements made on the subject property being
refinanced since being acquired. Collected on the URLA in Section II
(Refinance - Cost of Improvements Made). |
URLA |
Subject
Property |
Underwriting |
Money |
Refinance
Completed Improvements Description |
A
free-form text field used to capture additional information text entries from
URLA associated with improvements made on the property being refinanced.
Collected on the URLA in Section II (Refinance - Describe Improvements Made). |
URLA |
Subject
Property |
Underwriting |
String |
Refinance
Proposed Improvements Amount |
The
total dollar amount of the improvements to be made to subject property being
refinanced. Collected on the URLA in Section II (Refinance - Cost of
Improvements To Be Made). |
URLA |
Subject
Property |
Underwriting |
Money |
Refinance
Proposed Improvements Description |
A
free-form text field used to capture additional information text entries on
the URLA associated with the improvements to be made on property being
refinanced. Collected on the URLA in Section II (Refinance - Describe
Improvements To Be Made). |
URLA |
Subject
Property |
Underwriting |
String |
Relocation
New Employer Type |
Specifies
the conditions under which the borrower is relocating whether for a position
with an existing employer or with a new employer. |
Lender |
UW
Case |
Underwriting |
Enumerated:
·
Current Employer: ·
New Employer: |
Requested
Interest Rate Percent |
The
interest rate that is being requested on the loan application. Collected on
the URLA in Section I (Interest Rate). |
URLA |
Application |
Underwriting |
Numeric(8,7) |
Residence
Address 1 |
The
unstructured street address at which the borrowers residence is located.
Collected on the URLA in Section III (Present Address). |
URLA |
Borrower |
Credit
Reporting, MI, Secondary, Underwriting |
String |
Residence
Address 2 |
The
unit number (if any) of the address of the borrowers residence. Collected on
the URLA in Section III (Present Address). |
URLA |
Borrower |
Credit
Reporting, MI, Underwriting |
String |
Residence
Apartment Or Unit |
The
apartment or unit number (if any) of the address of the borrowers residence.
Collected on the URLA in Section III (Present Address). |
URLA |
Borrower |
Service
ordering, Credit Reporting, Flood, MI, Underwriting |
String |
Residence
City |
The
name of the city in which the borrowers residence is located. Collected on
the URLA in Section III (Present Address). |
URLA |
Borrower |
Credit
Reporting, MI, Secondary, Underwriting |
String |
Residence
Country |
The
name of the country in which the borrowers residence is located if not in
USA. |
URLA |
Borrower |
Credit
Reporting, MI, Underwriting |
String |
Residence
Postal Code |
The
postal code (zip code in the US) of the address of borrowers residence. Zip
code may be either 5 or 9 digits. Collected on the URLA in Section III
(Present Address). |
URLA |
Borrower |
Credit
Reporting, MI, Secondary, Underwriting |
String |
Residence
State |
The
name of the state in which the borrowers residence is located. Collected on
the URLA in Section III (Present Address). |
URLA |
Borrower |
Credit
Reporting, Flood, MI, Secondary, Underwriting |
String |
Residency
Basis Type |
The
basis on which borrower lives/lived at the indicated address. Could be either
current or prior address. Collected on the URLA in Section III (Present
Address or Former Address). |
URLA |
Borrower |
Credit
Reporting, Underwriting |
Enumerated:
·
Living Rent Free: Borrower lives/lived at indicated address without
paying rent (e.g., parents home). ·
Own: Borrower lives/lived at indicated address as an owner. ·
Rent: Borrower lives/lived in rented dwelling at indicated address ·
Unknown: Basis on which borrower lived at indicated address is not
known. |
Residency
Duration Years |
The
number of years the borrower resided at the indicated address. Could be
either current or prior address. Collected on the URLA in Section III
(Present Address or Former Address). |
URLA |
Borrower |
Credit
Reporting, MI, Secondary, Underwriting |
Numeric |
Sales
Concession Amount |
The
dollar amount of the value of sales concessions granted by an interested
party including such items as furniture, carpeting, decorator allowances,
automobiles, vacations, securities, giveaways or other sales incentives. |
LP |
UW
Case |
Underwriting |
Money |
Scheduled
First Payment Date |
The
date of the first scheduled mortgage payment to be made by the borrower under
the terms of the mortgage. |
LP |
UW
Case |
MI,
Underwriting |
Date/Time |
Schooling
Years |
The
number of years the borrower has attended school. Collected on the URLA in
Section III (Yrs. School). |
URLA |
Borrower |
Underwriting |
Numeric |
Secondary
Financing Refinance Indicator |
Indicates
whether a subordinate mortgage will be paid off by the refinance and rolled
into the new first mortgage balance. Used for refinances. |
LP |
UW
Case |
Underwriting |
Boolean |
Section
of Act Type |
Identifies
the section of the National Housing Act used in underwriting government
loans. Used for VA or FHA loan evaluations. |
FHA |
FHA/VA |
Underwriting |
Enumerated:
·
203(b): Basic Program, Purchases, Refinances ·
203(b)/251: Purchase, Refinances / ARM - Veteran Status ·
203(b)2: Purchase, Refinances - Veteran Status ·
203(h): ·
203(I): ·
203(k): A first mortgage that covers the costs of rehabilitation and
purchase or refinance of an eligible property. A HUD program. ·
203(k)/251: Purchase, Rehab/ARM ·
221(d)(2): Low and Moderate Income/ARM ·
221(d)(2)/251: Low and Moderate Income/ARM ·
231: ·
234 c: Condominium ·
234 c/251: Condominium/ARM ·
248: ·
249: |
Self
Employed Business Ownership Percent |
The
percent of ownership a borrower has in a business in which the borrower is
self-employed. |
Borrower |
Asset |
Credit
Reporting, Underwriting |
Numeric(8,7) |
Self-Employment
Income Indicator |
Indicates
whether the borrowers indicated Income Type from self-employment. Used for
both current and prior income. |
URLA |
Income |
Underwriting |
Boolean |
Seller
Paid Conventional Closing Costs Amount |
The
estimated closing costs that the seller of the subject property will pay.
Collected on the URLA in Section VII line k. |
URLA |
Application |
MI,
Underwriting |
Money |
Seller
Paid FHA/VA Closing Costs Amount |
The
estimated closing costs that the seller of the subject property will pay
excluding points plus any seller paid prepaid items. Used for FHA and VA
loans. |
FHA |
FHA/VA |
Underwriting |
Money |
Seller
Paid FHA/VA Discount Points Amount |
The
dollar amount of the discount points that the seller of the property will pay
for FHA and VA loans. |
FHA |
FHA/VA |
Underwriting |
Money |
Seller
Paid FHA/VA Discount Points Percent |
The
discount points which will be paid by the seller of the property. Used for
FHA and VA loans. Must be stated as a percentage of the loan amount. |
FHA |
FHA/VA |
Underwriting |
Numeric(8,7) |
Separate
Maintenance Owed To Name |
The
unstructured name of the person to whom a separate maintenance amount is owed
by the borrower. Collected on the URLA in Section VI (Liabilities Separate
Maintenance Owed To). |
URLA |
Liability |
Underwriting |
String |
Stock/Bond/Mutual
Fund Name |
The
unstructured name of the entity issuing stocks or bonds that the borrower has
disclosed as an asset. Collected on the URLA in Section VI Assets (Stocks
& Bonds). |
URLA |
Asset |
Credit
Reporting, Underwriting |
String |
Stock/Bond/Mutual
Fund Share Count |
The
number of shares associated with the stocks or bonds that the borrower has
disclosed (named) as an asset. Collected on the URLA in Section VI Assets
(Stocks & Bonds). |
URLA |
Asset |
Credit
Reporting, Underwriting |
Numeric |
Subject
Loan Resubordination Indicator |
Indicates
whether the liability will be re-subordinated to the subject loan after
closing. |
Borrower |
Liability |
Underwriting |
Boolean |
Subordinate
Lien - Affordable Second Amount |
The
dollar amount of the affordable second subordinate lien on the subject
property. A subordinate lien is a lien or encumbrance on real estate whose
priority is inferior to anothers recorded interest in the same property. An
affordable second is a mortgage on the subject property used to supply some
portion of the Purchase Price granted to facilitate home ownership
initiatives where the terms allow for postponement or waiver of repayment,
and/or is granted by a community based housing initiative entity. Collected
on the URLA in Section VII line j. |
URLA |
Application |
Underwriting |
Money |
Subordinate
Lien - Closed End Second Amount |
The
dollar amount of the closed end second lien on the subject property. A
subordinate lien is a lien or encumbrance on real estate whose priority is
inferior to anothers recorded interest in the same property. A closed end
second is a mortgage under which the mortgagor is prohibited from borrowing
additional funds under the same mortgage. Collected on the URLA in Section
VII line j. |
URLA |
Application |
Underwriting |
Money |
Subordinate
Lien - HELOC Amount |
The
current dollar amount of the Home Equity Line of Credit (HELOC) subordinate
lien on the subject property. A subordinate lien is a lien or encumbrance on
real estate whose priority is inferior to anothers recorded interest in the
same property. A HELOC is an open ended loan, usually recorded as a second
mortgage, that permits borrowers to obtain cash advances based on an approved
line of credit. Collected on the URLA in Section VII line j. |
URLA |
Application |
Underwriting |
Money |
Subordinate
Lien - Seller Take Back Amount |
The
dollar amount of the seller take back subordinate lien on the subject
property. A subordinate lien is a lien or encumbrance on real estate whose
priority is inferior to anothers recorded interest in the same property. A
seller take back mortgage is a mortgage secured by the subject property
payable by borrower to seller of property, accepted by seller in lieu of cash
for some portion of the purchase price. Collected on the URLA in Section VII
line j. |
URLA |
Application |
Underwriting |
Money |
Subsequent
Payment Adjustment Months |
The
number of months between the subsequent payment adjustments. If the subject
mortgage payments can change by means other than a rate adjustment. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Subsequent
Rate Adjustment Months |
The
number of months between the subsequent rate adjustments. If the interest
rate on the subject loan can change. |
Lender |
Product |
MI,
Underwriting |
Numeric |
Title
Manner Held Type |
Describes
how the borrower(s) will hold title on the subject property. Collected the
URLA in Section II (Manner in which Title Will Be Held) as a free-form text
field. |
URLA |
Application |
Underwriting |
Enumerated:
·
Joint With Other Than Spouse: Undivided, undifferentiated real estate
ownership rights in the property under applicable state law are vested in
more than one person, none of which are married to one another. ·
Joint With Spouse: Undivided, undifferentiated real estate ownership
rights in the property under applicable state law are vested in a person and
in that persons spouse. ·
Sole: Undivided, undifferentiated real estate ownership rights in the
property under applicable state law are vested in only one person. |
Titleholder
Name |
Name(s)
of the individual or entity that will hold title to the property. Collected
on the URLA in Section II (Title Will Be Held). |
URLA |
Application |
Underwriting |
String |
VA
Entitlement Amount |
The
dollar amount of guarantee by the VA available to the veteran borrower. |
Borrower |
FHA/VA
|
Underwriting |
Money |
VA
Household Size |
Size
of household at the loan level as defined by the VA. The lender must meet VA
requirements for determining the size of household. |
LP |
FHA/VA |
Underwriting |
Numeric |
VAResidualIncomeAmount |
The
dollar amount of the monthly balance of funds available for family support
after meeting the borrowers shelter expenses, debts, and taxes as defined by
the VA. |
VA |
FHA/VA |
Underwriting |
Money |
Verification
Status Type |
This
attribute indicates the status of the verification - verified, not verified,
or to be verified. |
(not
specified) |
Verification |
Credit
Reporting, Flood, Underwriting |
Enumerated:
·
Not Verified: ·
To Be Verified: ·
Verified: |
Verification
Type |
Specifies
the type of record that is verified. |
(not
specified) |
Verification |
Credit
Reporting, Flood, Underwriting |
Enumerated:
·
Asset: ·
Credit Inquiry: ·
Employment: ·
Liability: ·
Other: ·
Public Record: ·
Standardized Address: USPS address for a particular property |
Veteran
Status Indicator |
Indicates
whether the borrower qualifies as a Veteran under HUD guidelines and that the
loan application should be evaluated as a 203(b)(2) Veteran Loan. If any
borrower qualifies as a Veteran under VA guidelines then the loan (including
all borrowers) may be processed as a VA loan application. |
Lender |
Declarations |
Underwriting |
Boolean |