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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 833 - Mortgage Credit Report Order document?
The 833 EDI document type is an electronic version of a paper Mortgage Credit Report Order. Standard EDI formats include X12, ANSI, EDIFACT and its subsets.
The 833 EDI document type is used by a mortgage originator to request, track, or cancel credit reports that are typically required in mortgage lending. It is a collection of borrower information required to order a mortage credit report.
What makes up the 833 - Mortgage Credit Report Order document?
An EDI 833 - Mortgage Credit Report Order document is organized into segment and data elements. A segment can contain at least one data element. Each data element contains a data field. Data elements could include borrower, amount to be borrowed, and other pertinent information, identical to a paper mortgage credit report order. There are an infinite number of possibilities available for a company to include data on an 833 Mortgage Credit Report Order. There are an infinite number of possibilities available for a company to include data on an 833 - Mortgage Credit Report Order.
How is a 833 - Mortgage Credit Report Order used?
The 833 EDI document is used by financial institutions or mortgage providers before granting a mortgage. After the 833 Mortgage Credit Report Order is received, a 997 Functional Acknowledgment is sent back indicating that the 833 Mortgage Credit Report Order was successfully received.
How is a 833 - Mortgage Credit Report Order 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.