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EDI 202 Secondary Mortgage Market Loan Delivery
What is an EDI 202 Secondary Mortgage Market Loan Delivery Document?
EDI 202 is an electronic document containing information about the delivery of secondary mortgage market loan. This EDI document is used to initiate a report on information about a mortgage loan.
The following information is included in an EDI 202 document:
- Borrower information
- Property information
- Underwriting information
The data contents and format of EDI 202 Secondary Mortgage Market Loan Delivery are used in the electronic interchange of information. It is divided into various segments and data elements.
Workflow for the Exchange of an EDI 202 Secondary Mortgage Market Loan Delivery Document
EDI 202 falls under the category of X12F Finance transaction sets. Mortgage lenders, mortgage service vendors, and secondary mortgage market organizations use this EDI document for exchanging information required for the delivery of secondary mortgage market loan.
Stay EDI Compliant with EDIConnect
EDIConnect is an enterprise-grade EDI solution that simplifies the process of sending and receiving EDI messages. It is designed to handle X12 and EDIFACT transaction sets through its built-in EDI parser, validator, and transaction builder. It also offers features to help businesses comply with EDI requirements and communicate seamlessly with their trading partners.
Authors:
Irfan Ahmed
