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OPEN SOURCE ONLINE 1003 SOA SOLUTION VERSION 2.0 RELEASED

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SECTION VI (ASSETS AND LIABILITIES) - REAL ESTATE AND CREDIT PREVIOUSLY RECEIVED

SECTION VI (ASSETS AND LIABILITIES) - LIABILITIES



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HOME  ::  WEB SERVICES  ::  XWEB1003  ::  ANNOUNCEMENTS

:: XWeb1003 Announcement ::

Section II (Property Information and Purpose of Loan) - Part 1

Section II of the Uniform Residential Loan Application (Form 1003) deals with details regarding both the property information and the loan's purpose.

The fields regarding property information we represented as child elements of the <Property> element (in this previous post, we talked about the <Property> element being a child element of the <Application> root node):

<Application>
  ...
  <Property>
    <Type>
    <Type_Description>
    <Address_1>
    <Address_2>
    <City>
    <State>
    <Postal_Code>
    <County>
    <Number_Of_Units>
    <Year_Built>
    <Legal_Description>
  </Property>
  ...
</Application>

Please note that (Type, Type_Description) is a (name, value) pair (?).

For fields dealing with the loan’s purpose, we took a similar approach – we represented each as a child element of the <Purpose> element.

<Application>
  ...
  <Purpose>
    <Type>
    <Type_Description>
    <Title_Holder_Name>
    <Manner_Title_Held>
    <Source_Of_Down_Payment>
    <Estate_Held>
    <Estate_Held_Description>
  </Purpose>
  ...
</Application>

(Type, Type_Description) and (Estate_Held, Estate_Held_Description) are (name, value) pairs (?).

[Saturday, June 19, 2004]



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