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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. 

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What is a 260 - Application for Mortgage Insurance Benefits document?

The 260 EDI document type contains information regarding the Application for Mortgage Insurance Benefits Transaction Set (260) 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 260 - Application for Mortgage Insurance Benefits document?

An EDI 260 - Application for Mortgage Insurance Benefits document is organized into segment and data elements. Examples of data elements on the 260 Application for Mortgage Insurance Benefits document includes borrower, property, address, loan type, Maturity Date, etc. There are an infinite number of possibilities available for a company to include data on an 260 Application for Mortgage Insurance Benefits document. There are an infinite number of possibilities available for a company to include data on an 260 - Application for Mortgage Insurance Benefits.

How is a 260 - Application for Mortgage Insurance Benefits used?

The purpose of the 260 Application for Mortgage Insurance Benefits document is it can be used by mortgage lenders to file claims with both government agencies and private mortgage insurers in the event that defaults or foreclosure activity allow for the collection of a third party guarantee/insurance benefit. The information in a standard format will allow all mortgage insurance claim payments to be requested similarly, whether they be to an investor, insurer, or guarantor.

How is a 260 - Application for Mortgage Insurance Benefits 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.