Mortgage Record Change
Delete Investor Information 002
002
Used by the servicer to inform State Farm to delete the investor of the loan from the insurance policy. This action alone does not change the mortgage clause on the insurance policy.
For example, when the mortgage clause reads FNMA c/o ABC Mortgage, FNMA will be removed.
State Farm will remove the investor from the insurance policy. The mortgagee clause will stay intact.
266 Data Format | Description |
---|---|
ISA*00*0000000000*00* *ZZ*123456789*ZZ*STFM SF00053 *041115*0817*U*00401*000000010*1*P*~ | This is the envelope segment for the 266.
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GS*MG*123456789*STFM SF00053 *20041115*0817*10*X*00401X132~ |
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ST*266*00000010~ |
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BGN*00*1800*20041114******03~ |
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N1*SJ*INSURANCE TRACKING CO *FI*123456789~ | This is the sender of the 266.
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N1*IN*STATE FARM INS*FI*37053100~ | This is the receiver of the 266.
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LX*1~ | This is a separator. It separates the sender/receiver information from the buying and/or selling lender information. The number can increment. |
N1*LV*A-ONE MORTGAGE*FI*133947742~N2*ITS SUCCESSORS AND/OR ASSIGNS~N3*PO BOX 99999~N4*ANYTOWN*CA*914100212**RJ*XX~ | This series of segments (N1, N2, N3, and N4) represents the exact mortgage clause that should be reflected on the insurance policy.
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N1*AZ*ABC NNATIONAL BANK, INC~ |
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N9*LD*0000000001~ |
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N1*QP*1*RICHARDS*MARY*K~N3*9999 WOODVIEW LANE~N4*CHICO*CA*959267705~ |
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REF*TV*HOME~ | 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.
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REF*IG*551252837~ |
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REF*NF*25143~ |
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API*A1**002~ |
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N3*9999 WOODVIEW LANE~N4*CHICO*CA*959267705~ |
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DTP*540*D8*20040115~ |
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REF*UA*1~ |
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CRC*A1*Y*T5~ |
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PID*S*02*AD*MG~ |
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The next policy goes here by repeating the N9 – PID segments. | |
SE*24*00000010 | SE01 is the number of segments. SE03 is the same number as ST02. |
GE*1*10~ | GE03 is the same number as GS06. |
IEA*1*000000010~ | IEA02 is the same number as ISA12. |
*Interchange receiver for test is SF00014 and interchange receiver for production is SF00053 |