X12 transaction guide · Finance
EDI 833 Mortgage Credit Report Order
The X12 document a mortgage originator uses to request, track and cancel the credit reports required in mortgage lending.
- Sent by
- Mortgage originator or lender
- Received by
- Credit reporting agency
- Standard
- ANSI ASC X12
What is an EDI 833?
The EDI 833 Mortgage Credit Report Order is the ANSI X12 transaction set a mortgage originator uses to request, track and cancel the investigative credit reports typically required in mortgage lending. It carries borrower information and the type of report requested.
Mortgage credit reports often combine data from several credit bureaus with verification. The lender orders them electronically, and the agency returns the report, for example as a 200 mortgage credit report. The mortgage industry has largely moved to its own XML standards, so the 833 is found in older integrations.
How to read this diagram: the top row shows who sends the 833, to whom, and which documents usually come before and after it. The lower part shows what X12 release 008010 itself requires: the envelopes around the 833 and the segments and loops the standard marks as required, area by area. Optional loops are listed by the segment that starts them rather than drawn in full. This is the standard's minimum, not a trading partner's requirement: each partner's implementation guide usually makes some optional loops mandatory, restricts the codes and may use a different release.
When it is used
- Ordering credit reports for mortgage applicants
- Tracking the status of report orders
- Cancelling report orders
Where it fits in the document flow
Structure
Mandatory segments in the 833 (X12 release 008010)
The segments X12 release 008010 marks as mandatory at their level, in order. Segments inside optional loops are needed only when the loop is used. This is the standard's requirement, not your trading partner's: each partner's implementation guide names the release it uses, adds the optional segments it requires and restricts the values. The requirement status comes from one published X12 reference listing and has not been checked against a second source.
- ST
- BGN
- N1
- N4
- CRO
- NX1
- LX
- AMT
- REA
- IN1
- NX2
- EMP
- EMS
- FAA
- CDA
- SE
Practical example
The 833 in practice
A lender receives a mortgage application from two co-borrowers. Its loan origination system sends the credit agency an 833 with both borrowers' identifying details and the report type. The agency returns the merged credit report, which the underwriter reviews.
Implementation
Implementation considerations for the 833
- Protect borrowers' personal data under applicable laws.
- Obtain borrower authorization before ordering reports.
- Check whether partners now require mortgage industry XML formats.
- Track orders until reports are received.
How ECOM helps
Automate the 833 with ECOM
Industry
Financial Services
Secure file transfer and B2B integration for banks and financial institutions.
Solution
Financial Document Automation
Automate invoices, remittances, payment files and bank statements from capture to posting.
Solution
EDI Integration
Exchange X12 and EDIFACT documents with partners and integrate them directly with your ERP.
More general questions about EDI are answered in the EDI FAQ.
Related transactions
Related finance documents
- 200Mortgage Credit Report
- 155Business Credit Report
- 820Payment Order/Remittance Advice
- 202Secondary Mortgage Market Loan Delivery
- 203Secondary Mortgage Market Investor Report
- 205Mortgage Note
- 264Mortgage Loan Default Status
- 265Real Estate Title Insurance Services Order
- 266Mortgage or Property Record Change Notification
- 135Student Aid Origination Record
- 139Student Loan Guarantee Result
- 144Student Loan Transfer and Status Verification
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