We Make EDI Integration Easy
Below you will essential information in regards to this EDI. If you have any specific questions about integrating your EDI with your ERP and eCommerce please reach out. Take advantage of our "start planning" feature to map out your integration needs.
What is a 198 - Loan Verification Information document?
The 198 EDI document type contains information regarding the Loan Verification Information Transaction Set (198) for use within the context of an Electronic Data Interchange (EDI) environment.Standard EDI formats include X12, ANSI, EDIFACT and its subsets.
What makes up the 198 - Loan Verification Information document?
An EDI 198 - Loan Verification Information document is organized into segment and data elements. Examples of data elements on the 198 EDI document includes include lenders, employers, depository institutions, credit agencies, investors, mortgage insurance companies, and so on. There are an infinite number of possibilities available for a company to include data on an 198 - Loan Verification Information.
How is a 198 - Loan Verification Information used?
The 198 Loan Verification Information document is used to request, validate, or exchange standard loan verification information among entities involved in the loan life cycle.
How is a 198 - Loan Verification Information processed?
An EDI solution is required to process the EDI documents received into an ERP or accounting system or into a readable format for manual entry. Each trading partner will have an EDI Implementation guide outlining the specific segments, data elements, values accepted, and the applicable business rules to be followed.
eBridge Connections has pre-built maps for all EDI transaction documents including 850 purchase orders, 810 invoices, and 856 advance shipping notices.