HECM Insurance Application

Information by State  Print version

The HECM Insurance Application function allows an authorized lender to add, review, or change insurance application data for a HECM case. If a lender is not authorized to enter or update insurance application information, he/she may access the HECM Insurance Application function in Query mode.

The HECM Insurance Application function can be divided into five sections:

1. Fundamental Case Information,
2. General Information,
3. Worksheet Information,
4. Borrower Information, and
5. Mortgage Information.

The listed information within the sections include borrower, property, loan, and credit information that is needed to process and insure the HECM case.

To run your application against pilot data, post your XML input file to:
https://hwvauwd491.hud.gov/b2b/chums/f17evcxml.cfm

To run your application against live data, post your XML input file to:
https://entp.hud.gov/b2b/chums/f17evcxml.cfm

History of Changes

XML File Layout

Key:

Return to CHUMS Origination Functions.

<?xml version='1.0' standalone='yes'?>
<MORTGAGEDATA MISMOVersionID='1.0.1'>
 <PROCESSSTATUS>
  <ProcessStatusRequestor>browser</ProcessStatusRequestor>
  <ProcessStatusCode>status_flag</ProcessStatusCode>
  <ProcessStatusMessage sCode="1">msg_n</ProcessStatusCode>
  <ProcessStatusFlag ProcessStatusFlagName = 'CLAS_DATA' ProcessStatusFlagValue = 'N' />
 </PROCESSSTATUS>
 <PROPERTY PROPERTYID = "1" PropertyType = "Subject">
  <Address2>prop_csz</Address2> 
  <City>addr_city_name</City>
  <County>addr_cnty_cd</County>
  <State>addr_ste_cd</State>
  <PostalCode>addr_zip_cd</PostalCode> 
  <PARSEDSTREETNAME>
   <HouseNumber>addr_hse_no</HouseNumber> 
   <DirectionPrefix>addr_pre_dir</DirectionPrefix> 
   <StreetName>addr_st_name</StreetName>
   <StreetSuffix>addr_st_tp</StreetSuffix>
   <DirectionSuffix>addr_post_dir</DirectionSuffix>
  </PARSEDSTREETNAME>
 </PROPERTY>
 <SUBJECTPROPERTY ManufacturedHomeIndicator = 'fac_fab'>
  <SubjectPropertyAppraisedValueAmount>prop_value</SubjectPropertyAppraisedValueAmount>
  <FinancedNumberOfUnits>living_units</FinancedNumberOfUnits>
 </SUBJECTPROPERTY>
 <APPLICATION ApplicationMethod = 'appl_method'>
  <AgencyCaseIdentifier>case_no</AgencyCaseIdentifier>
  <PurchasePriceAmount>sale_price</PurchasePriceAmount>
  <UNDERWRITINGCASE>
    <LoanScheduledClosingDate>closing_dt</LoanScheduledClosingDate>
    <FHAVA FHAVAADPCode='adp_code'
    Amortization ='adp_chara'
     HousingProgram ='adp_charh'
     SpecialProgram ='adp_chars'
     BuyDown ='adp_charb'>
     <FHAVAExpectedRateIndex>arm_eri</FHAVAExpectedRateIndex>
     <FHAVAProgramCodeIdentifier>program_id</FHAVAProgramCodeIdentifier>
     <FHAVAAppraiserLicenseIdentifier Type='appr_type'>appr_lic</FHAVAAppraiserLicenseIdentifier>
     <FHAVAOriginatorIdentifier>orig_id</FHAVAOriginatorIdentifier>
     <FHAVASponsorIdentifier>spnsr_id</FHAVASponsorIdentifier>
     <FHAVARepairEscrow
		 RepairEscrowAmount='amount'
		 RepairCompletedDate ='complete_dt'>
		 escrow
		 </FHAVARepairEscrow>
     <EstimatedFHAClosingCostsAmount>closing_costs</EstimatedFHAClosingCostsAmount>
     <FHAVAUndewriterApprovalDate>under_dt</FHAVAUndewriterApprovalDate>
     <FHAVARequiredInvestmentToClose>req_invst</FHAVARequiredInvestmentToClose>
     <FHAVAUnderwriterComputerizedHomesUnderwritingSystemIdentifier>
     under_id
     </FHAVAUnderwriterComputerizedHomesUnderwritingSystemIdentifier>
      <FHAVAHECM>
       <FHAVAHECMCounselID>counsel_tin</FHAVAHECMCounselID>
       <FHAVAHECMCounselCertificate>hecm_cert</FHAVAHECMCounselCertificate>
       <FHAVAHECMCounselDate>counsel_date</FHAVAHECMCounselDate>
       <FHAVAHECMExistingLiens>exist_liens</FHAVAHECMExistingLiens>
       <FHAVAHECMDebts>debts_non_re</FHAVAHECMDebts>
       <FHAVAHECMRealEstateDebts>re_debts</FHAVAHECMRealEstateDebts>
       <FHAVAHECMExpectedRate>exp_rate</FHAVAHECMExpectedRate>
       <FHAVAHECMARMFrequency>arm_type</FHAVAHECMARMFrequency>
       <FHAVAHECMMaximumInterest>cap</FHAVAHECMMaximumInterest>
       <FHAVAHECMPaymentPlan>payment</FHAVAHECMPaymentPlan>
       <FHAVAHECMPrincipalLimit>principal_limit</FHAVAHECMPrincipalLimit>
       <FHAVAHECMmaximumClaimAmount>max_claim_amt</FHAVAHECMmaximumClaimAmount>
      </FHAVAHECM>
     </FHAVA>
     </UNDERWRITINGCASE>
     <MORTGAGEINSURANCE
		ProcessLenderEndorsementStatus = 'lender_end'
		 MortgageInsurancePremiumFinancedIndicator = 'mip_financed'
		 MortgageInsuranceCertificateToBeMailedToSponsor = 'imail_to_spnsr'
		 MortgageInsuranceCertificateToBeIssuedInSponsorsName = 'issue_to_spnsr'/>
   </APPLICATION>
   <PROJECT PUDIndicator = 'pud_ind' />
   <INCOME>
    <IncomeAmount>monthly_income</IncomeAmount>
    <ASSET AssetType='CashOnHand'>
     <AssetCashorMarketValueAmount>avail_assets</AssetCashorMarketValueAmount>
    </ASSET>
    <ASSET AssetType='RealEstateOwned'>
     <AssetFaceValueAmount>re_assets</AssetFaceValueAmount>
    </ASSET>
    <VALUATIONS BuildingStatusType='const_cd'>
    </VALUATIONS>
   </INCOME>
   <PRODUCT ARMIndexType = 'arm_indx'>
    <OriginationFee>orig_fee</OriginationFee>
    <InitialNoteRatePercent>int_rate</InitialNoteRatePercent>
    <LoanAmortizationTermMonths>length_term</LoanAmortizationTermMonths>
    <ARMIndexMarginPercent>margin</ARMIndexMarginPercent>
   </PRODUCT>
   <PARTY PARTYID="orig_id" PartyType="Lender">
    <PartyName>orig_name</PartyName>
   </PARTY>
   <PARTY PARTYID="spnsr_id" PartyType="Lender">
    <PartyName>spnsr_name</PartyName>
   </PARTY>
   <PARTY PARTYID="under_id" PartyType="Underwriter">
    <PartyName>under_name</PartyName>
   </PARTY>
   <PARTY PARTYID="appraiser_id" PartyType="Appraiser">
   <LicenseType>appr_type</LicenseType>
   <PartyName>appraiser_name</PartyName>
   </PARTY>
   <PARTY PARTYID="counsel_tin" PartyType="CounselingAgency">
    <PartyName>counsel_name</PartyName>
   </PARTY>
   <BORROWER BORROWERID='n'>
    <UnparsedName>borrn_name</UnparsedName>
    <FirstName>borrn_name</FirstName>
    <MiddleName>borrn_name</MiddleName>
    <LastName>borrn_name</LastName>
    <SSN>borrn_ssn</SSN>
    <DEMOGRAPHICS>
     <BorrowerBirthDate>birth_date</BorrwerBirthDate>
     <DependentCount>children</DependentCount>
    </DEMOGRAPHICS>
   <GOVERNMENTMONITORING
  	GOVERNMENTMONITORINGID='n'
	EthnicityType = 'ethnicity'
	GenderType = 'borrn_sex'
	BorrowerFurnished = 'borrn_furn'>
      <RaceNationalOriginType RaceNationalOriginTypeID ='n'>borrn_racen</RaceNationalOriginType>
    </GOVERNMENTMONITORING>
   </BORROWER>
</MORTGAGEDATA>