What is an EDI 259 Residential Mortgage Insurance Explanation of Benefits Document?
EDI 259 is an ANSI X12 transaction set that contains information about mortgage insurance claims. This EDI document is used for transmitting results of mortgage claims, which are known as “an explanation of benefits”, EOB. The mortgage can either be pool mortgage insurance claims and primary mortgage insurance claims.
An EDI solution is used to map information to EDI 259 format, as well as to parse the EDI messages received.
Workflow for the Exchange of an EDI 259 Residential Mortgage Insurance Explanation of Benefits Document
EDI 259 falls under the category of X12F Finance transaction sets. The transaction set is used by mortgage insurance providers and mortgage customers to exchange information related to primary as well as pool mortgage claims.
Stay EDI Compliant with EDIConnect
Simplifying the process of sending and receiving EDI messages, EDIConnect is designed for handling all X12, EDIFACT, and HL7 transaction sets. Featuring a built-in translator, validator, and transaction builder, EDIConnect aids communication between trading partners, as well as helps them streamline the process of information exchange through process orchestration.