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Back   Mortgage Record Change Notification (003050X100)

Purpose

The Mortgage Record Change Notification Implementation Guide describes the use of the ANSI ASC X12 Mortgage Record Change (266) transaction set and the ANSI ASC X12 Application Advice (824) transaction set for the following business usages:
  • Notification of mortgage record changes or deletions to financial interest entities
  • Notification of mortgage record change errors

The mortgage company and their agents send a 266 to the insurance company requiring the correct mortgage clause for their policies. Business information exchanged includes mortgagee name and address changes, loan number changes, terminations, servicer changes, prepayment or paid-in-full information. The insurance company uses the 824 to notify the sender of the 266 that errors were found in the 266 application information.

Primary Trading Partners

Financial lending institutions, insurance companies, servicing agents, and service bureaus

References

This is the first implementation guide for this business purpose.

Coordination

No coordination required at this time with ANSI ASC X12 groups.

Additional Information

Registered 6/30/1997 Published 6/6/1998
Transaction Set ID 266/824 Standard Version 003050
ASC X12 DM# Owning Group X12N/TG1/WG1