What is an EDI 266 Mortgage or Property Record Change Notification?
EDI 266 is an ANSI X12 transaction set that used to exchange information about a change in mortgage or property record. It helps in notifying the related parties about changes in mortgage and property records.
The transaction set can be used for the following purposes:
- To communicate changes related to property and mortgage
- To communicate the termination of interest
An EDI solution is used to map information to EDI 266 format or to parse EDI messages received by a trade partner.
Workflow for the Exchange of an EDI 266 Mortgage or Property Record Change Notification
EDI 266 falls under the category of X12F Finance transaction sets. Mortgagees, real estate agents, tax agencies, lessors, investors, insurers, and lienholders use this transaction set for sending and receiving information about property and mortgage changes. This transaction set can be used in combination with other EDI transaction sets to exchange mortgage-related information.
Stay EDI Compliant with EDIConnect
Simplifying the process of sending and receiving EDI messages, EDIConnect is an enterprise-grade EDI solution designed for handling all X12, EDIFACT, and HL7 transaction sets. Featuring a built-in EDI 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.