What is an EDI 245 Real Estate Tax Service Response?
EDI 245 is an electronic document containing information that is needed to respond to a real estate tax service. The EDI document is used in response to:
- Information requests
- Requests to modify loan status
- Requests regarding tax data of a certain property
- Requests to cancel property data of a certain real estate
The data contents and format of EDI 245 Real Estate Tax Service Response are used for the electronic interchange of information. It is divided into various segments and data elements.
Workflow for the Exchange of an EDI 245 Real Estate Tax Service Response
EDI 245 falls under the category of X12F Finance transaction sets. The transaction set is used by participants of the real estate business for exchanging property tax information.
Stay EDI Compliant with EDIConnect
EDIConnect is an enterprise-grade EDI solution that simplifies the process of sending and receiving EDI messages. It is designed to handle X12 and EDIFACT transaction sets through its built-in EDI parser, validator, and transaction builder. It also offers features to help businesses comply with EDI requirements and communicate seamlessly with their trading partners.