Mortgage Record Change

Completed Foreclosure 105

Mortgage Record Change Overview
Change of Escrow Status 001
Delete Investor Information 002
Due But Not Billed 010
Add Investor Information 021
Incomplete Foreclosure 022

Vacancy 023
Mortgage Clause Change 026
Loan Origination 050
Portfolio Audit 066
Service Released 100
Servicer Change 101

Loan Paid In Full 104
Completed Foreclosure 105
Deed In Lieu 106
Loan Number Change 112
Acquisition 114
Errors and Corrections

105

In foreclosures, the borrower has lost all rights, privileges, and possession of the property due to a long term inability to make payments on their existing mortgage loan. The borrower has exhausted all means possible to avoid foreclosure and the mortgagee manages transferring the title of the property to themselves, a third party bidder, HUD, or the VA, depending on the type of loan.

When using code 105, the DTP03 element should contain the date that the title for the property was transferred form the borrower to the new owner.

State Farm will schedule this change for an underwriting review.

266 Data Format	Description
ISA00000000000000 ZZ123456789ZZSTFM SF00053 0411150817U004010000000101P~	This is the envelope segment for the 266. 000000010 is the unique number for this envelope.
GSMG123456789STFM SF00053 20041115081710X00401X132~	This is the group segment for the 266. 10 is the unique number for this group.
ST26600000010~	This is the transaction segment for the 266 00000010 is the unique number for this transaction.
BGN00180020041114*****03~	This is the beginning segment for the 266. 00 Original 1800 a unique number of the sender.
N1SJINSURANCE TRACKING COFI123456789~	This is the sender of the 266. LV Lender or SJ Service Provider FI Federal Tax ID 123456789 is the Tax ID of the sender
N1INSTATE FARM INSFI37053100~	This is the receiver of the 266. IN Insurer or SQ Service Bureau. FI Federal Tax ID 37053100 is the Tax ID of the receiver.
LX*1~	This is a separator. It separates the sender/receiver information from the buying and/or selling lender information. The number can increment.
N1LVA-ONE MORTGAGEFI133947742~N2ITS SUCCESSORS AND/OR ASSIGNS~N3PO BOX 99999~N4ANYTOWNCA914100212RJXX~	This series of segments (N1, N2, N3, and N4) represents the exact mortgage clause that should be reflected on the insurance policy. LV Current Lender
N9LD0000000001~	The N9 segment is the start of the insurance policy information. LD Loan Number.
NM1QP1RICHARDSMARYK~N39999 WOODVIEW LANE~N4CHICOCA*959267705~	This is the name and mailing address of the borrower (insured). QP Borrower
REFTVHOME~	Valid policy types are: HOME, PPTHO, PPUHO, FLOOD, COTHR, RDP, DFIRE, EQKP, FARM, BOAT, RCUP, PPMBH, PPCHO, PPART, BOP. The policy type will be returned in the 824 if corrected. TV Line of Business
REFIG551252837~	The policy number will be returned in the 824 if corrected. IG Policy Number.
REFNF25143~	The company code will be returned in the 824 if corrected. 25143 SF Fire 43419 SF Lloyds 25151 SF General 10739 SF Florida
APIA1*105~	105 Completed Foreclosure
N39999 WOODVIEW LANE~N4CHICOCA959267705~	This is the property address.
DTP009D8*20040312~	The policy process date for a foreclosure is the date the property title transferred to the new owner. 009 Title Transfer Date
DTP540D8*20040115~	The policy expiration date will be returned in the 824 if corrected. 540 Policy Expiration Date
REFUA1~	Valid loan types are 1, 2, or 3. UA Mortgage Order
CRCA1Y*T5~	This segment identifies if a return Insurance Verification is needed. Y No Insurance Verification N Insurance Verification
PIDS02ADMG~	MG Bill the Mortgagee IN Bill the Insured.
The next policy goes here by repeating the N9 – PID segments.
SE2400000010	SE01 is the number of segments. SE03 is the same number as ST02.
GE110~	GE03 is the same number as GS06.
IEA1000000010~	IEA02 is the same number as ISA12.
*Interchange receiver for test is SF00014 and interchange receiver for production is SF00053