ORIGINATION_FUND

Description
Holds loan data on subsidies that can be used for either down payments or closing costs.

Type : ORIGINATION_FUND

Definition
Holds loan data on subsidies that can be used for either down payments or closing costs.
(Defined in file MISMO_3.4.0_B324.xsd , or a file it imports)

Elements
EXTENSION
FundsSourceTypeA value from a MISMO prescribed list that specifies the party providing the associated funds.A value from a MISMO prescribed list that specifies the party providing the associated funds.
FundsSourceTypeOtherDescriptionA free-form text field that specifies the enumeration when the value of Other is used for Funds Source Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
FundsTypeA monetary source commonly used to pay obligations in a mortgage loan transaction.A monetary source commonly used to pay obligations in a mortgage loan transaction.
FundsTypeOtherDescriptionA free-form text field used to collect additional information when Other is selected for Funds Type.A data type of String SHOULD identify a data point that is either a text value consisting of a word, phrase, sentence, paragraph, or formatted (TAB, CR, LF) character content depending on its purpose or a numeric value with a maximum of 16383 characters and MAY have the lang attribute. There is no list of valid values provided. EXAMPLE: A Disqualificaton Reason Text for excluding a product from those offered to a borrower could be expressed as "Does not meet income to indebtedness guidelines for down payment support.".
OriginationFundsAmountThe dollar amount of funds supplied by a specified source at loan origination.A data type of Amount SHOULD identify a number value that is an amount of money and MAY have a CurrencyURI attribute. It SHALL NOT contain any punctuation other than the decimal point or sign values. The decimal point is ALWAYS the US nationalization character (.) in the designated character encoding (UTF-8 assumed when not stated ) It SHOULD be able to contain at least 18 digits. EXAMPLE: An Unpaid Principle Balance Amount of $100,000.12 would be expressed as "100000.12".

Attributes
label
SequenceNumberAn integer value used to provide an order to multi-instance sibling elements. The value must be unique for each sibling element.

Parents
\MESSAGE\DEAL_SETS\DEAL_SET\DEALS\DEAL\LOANS\LOAN\ORIGINATION_FUNDS