Data contents of the Residential Mortgage Insurance Application Response Transaction
Set (263) for use within the context of an Electronic Data Interchange
(EDI) environment.
This standard is used by a mortgage insurance company
to communicate the receipt and disposition of a Residential Mortgage Insurance
Application Transaction Set (872). It will be used to provide the mortgage
originator with the results of the insurance application and, if accepted,
will provide basic information about the insurance coverage. It can also be
used to confirm certification of coverage. It is not intended to replace the legal
commitment (Certificate of Coverage of Insurance) which will continue to be
delivered in its current form.
