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EDI 260 Application for Mortgage Insurance Benefits
What is an EDI 260 Application for Mortgage Insurance Benefits Document?
EDI 260 is an ANSI X12 transaction set that contains information about mortgage insurance. It helps in filing an application for mortgage insurance.
The transaction set can be used for the following purposes:
- To file claims in case of a default or foreclosure activity
- To collect the insurance benefits
- To request for insurance claim payments
An EDI solution with transaction building and parsing capabilities is used to map information to EDI 260 format, as well as to parse the EDI messages received.
Workflow for the Exchange of an EDI 260 Application for Mortgage Insurance Benefits Document
EDI 260 falls under the category of X12F Finance transaction set. Mortgage insurers, real estate agents, investors, insurers, and guarantors use this transaction set for sending and receiving information about mortgage insurance. The transaction set is also used to exchange information about insurance benefits and payments.
Stay EDI Compliant with EDIConnect
Simplifying the process of sending and receiving EDI messages, EDIConnect is designed for handling all X12 and EDIFACT transaction sets. Featuring a built-in translator, validator, and transaction builder, the EDI software aids communication between trading partners, as well as helps them streamline the process of information exchange through process orchestration.
Authors:
Irfan Ahmed
