Ocrolus API

Ocrolus API Documentation

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1008 - Transmittal

A 1008 is a form that contains all summary data for a mortgage loan in addition to calculated figures such as debt-to-income ratio, income, liability amounts, ect.

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Configuration-Driven Output

All fields below are optionally captured, depending on your order form. To adjust fields captured, please speak with your Ocrolus Account Manager.

JSON Attribute

Data Type

Description

1008-General:borrowerName

Text

Name of the borrower

1008-General:co-borrowerName

Text

Name of the co-borrower

1008-General:propertyAddress

Text

Address of the property being mortaged

1008-Part1-BorrowerAndPropertyInfo:borrowerName:ssn

Text

Formatted XXX-XX-XXXX. Social security number of the borrower

1008-Part1-BorrowerAndPropertyInfo:co-borrowerName:ssn

Text

Formatted XXX-XX-XXXX. Social security number of the borrower

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor1Name:name

Text

Name of co-mortgagor

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor1Name:ssn

Text

Formatted XXX-XX-XXXX. Social security number of the co-mortgager

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor2Name:name

Text

Name of second co-mortgagor

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor2Name:ssn

Text

Formatted XXX-XX-XXXX. Social security number of the second co-mortgager

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor3Name:name

Text

Name of third co-mortgagor

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor3Name:ssn

Text

Formatted XXX-XX-XXXX. Social security number of the third co-mortgager

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor4Name:name

Text

Name of fourth co-mortgagor

1008-Part1-BorrowerAndPropertyInfo:co-mortgagor4Name:ssn

Text

Formatted XXX-XX-XXXX. Social security number of the fourth co-mortgager

1008-Part1-BorrowerAndPropertyInfo:propertyType:1Unit

1 UNIT
1-TO-4 UNITS
CONDOMINIUM
PUD
CO-OP
MANUFACTURED HOUSING
SINGLE WIDE
MULITWIDE

Type of unit

1008-Part1-BorrowerAndPropertyInfo:projectClassification:freddieMac

STREAMLINED REVIEW
ESTABLISHED PROJECT
NEW PROJECT
DETACHED PROJECT
2-TO-4-UNIT PROJECT
RECIPROCAL REVIEW

Freddie Mac project classification

1008-Part1-BorrowerAndPropertyInfo:projectClassification:fannieMae

P LIMITED REVIEW NEW DETACHED
Q LIMITED REVIEW EST
R EXPEDITED REVIEW NEW
S EXPEDITED REVIEW EST
T FANNIE MAE REVIEW
U FHA-APPROVED
V REFI PLUS
E PUD
F PUD
T PUD
1 CO-OP
2 CO-OP
T CO-OP

Fannie Mae project classification

1008-Part1-BorrowerAndPropertyInfo:occupancyStatus

PRIMARY RESIDENCE
SECOND HOME
INVESTMENT PROPERTY

Subject property occupancy status

1008-Part1-BorrowerAndPropertyInfo:additionalPropertyInformation:numberOfUnits

Text

Number of units contained within the subject property

1008-Part1-BorrowerAndPropertyInfo:additionalPropertyInformation:salesPrice

Money

Amount the property will sell for

1008-Part1-BorrowerAndPropertyInfo:additionalPropertyInformation:appraisedValue

Money

Appraised value of the subject property

1008-Part1-BorrowerAndPropertyInfo:propertyRights

FEE SIMPLE
LEASEHOLD

Property rights assigned to the borrower

1008-Part1-BorrowerAndPropertyInfo:projectName

Text

Project Name

1008-Part1-BorrowerAndPropertyInfo:cpmProjectId

Text

Project ID

1008-Part2-MortgageInfo:loanType

CONVENTIONAL
FHA
VA
USDA
RHS

Type of loan taken out by the borrower

1008-Part2-MortgageInfo:amortizationType:type

FIXED RATE - MONTHLY PAYMENTS
FIXED RATE - BIWEEKLY PAYMENTS
BALLOON
ARM (TYPE)
OTHER (SPECIFY)

Amortization type of the loan being taken out by the borrower

1008-Part2-MortgageInfo:amortizationType:arm(Type)

Text

Arm Type

1008-Part2-MortgageInfo:amortizationType:other(Specify)

Text

Other

1008-Part2-MortgageInfo:loanPurpose

PURCHASE
CASH-OUT REFINANCE
LIMITED CASH-OUT REFINANCE (FANNIE) NO CASH-OUT REFINANCE (FREDDIE) HOME IMPROVEMENT CONSTRUCTION TO PERMANENT`

Purpose of the loan

1008-Part2-MortgageInfo:lienPosition:position

FIRST MORTGAGE
SECOND MORTGAGE

Lien position

1008-Part2-MortgageInfo:lienPosition:amountOfSubordinateFinancing(FirstMortgage)

Money

Amount taken out in a first mortgage

1008-Part2-MortgageInfo:noteInformation:originalLoanAmount

Money

Original loan amount

1008-Part2-MortgageInfo:noteInformation:initialP&IPayment

Money

Initial P&I payment

1008-Part2-MortgageInfo:noteInformation:initialNoteRate

Text

Initial note rate

1008-Part2-MortgageInfo:noteInformation:loanTerms(InMonths)

Text

Length of the loan term, in months

1008-Part2-MortgageInfo:mortgageOriginator:originator

SELLER
BROKER
CORRESPONDENT

Type of mortgage originator being used

1008-Part2-MortgageInfo:mortgageOriginator:brokerOrCorrespondentNameAndCompanyName

Text

name of the broker/correspondent and his/her company name

1008-Part2-MortgageInfo:buydown:buydown

YES
NO

YES if the borrower is attempting to obtain a lower interest rate

1008-Part2-MortgageInfo:buydown:terms

Text

Terms of the butdown

1008-Part2-MortgageInfo:ifSecondMortgage:ownerOfFirstMortgage

FANNIE MAE
FREDDIE MAC
SELLER OR OTHER

Owner of the first mortgage

1008-Part2-MortgageInfo:ifSecondMortgage:originalLoanAmountOfFirstMortgage

Money

Amount of the first mortgage

1008-Part4-UnderwritingInfo1:underwritersName

Text

Name of the underwriter(s) on the loan

1008-Part4-UnderwritingInfo1:appraisersName:appraisersName

Text

Name of the individual who appraised the subject property

1008-Part4-UnderwritingInfo1:appraisersLicenseNumber

Text

License number of the appraiser

1008-Part4-UnderwritingInfo1:appraisalCompanyName

Text

Company which employs the appraiser

1008-Part4-UnderwritingInfo1:baseIncome:borrower

Money

Base income of the borrower

1008-Part4-UnderwritingInfo1:baseIncome:co-borrower

Money

Base income of the co-borrower

1008-Part4-UnderwritingInfo1:baseIncome:total

Money

Total base income earned by the borrower and co-borrower

1008-Part4-UnderwritingInfo1:otherIncome:borrower

Money

Other income earned by the borrower

1008-Part4-UnderwritingInfo1:otherIncome:co-borrower

Money

Other income earned by the co-borrower

1008-Part4-UnderwritingInfo1:otherIncome:total

Money

Total other income earned by the borrower and co-borrower

1008-Part4-UnderwritingInfo1:positiveCashFlow(SubjectProperty):borrower

Money

Amount in total positive cash flow for the borrower

1008-Part4-UnderwritingInfo1:positiveCashFlow(SubjectProperty):co-borrower

Money

Amount in total positive cash flow for the co-borrower

1008-Part4-UnderwritingInfo1:positiveCashFlow(SubjectProperty):total

Money

Total positive cash flow for the borrower and co-borrower

1008-Part4-UnderwritingInfo1:totalIncome:borrower

Money

Total income earned by the borrower

1008-Part4-UnderwritingInfo1:totalIncome:co-borrower

Money

Total income earned by the co-borrower

1008-Part4-UnderwritingInfo1:totalIncome:total

Money

Amount in total income earned by the borrower and co-borrower

1008-Part4-UnderwritingInfo1:qualifyingRatios:primaryHousingExpenseToIncome

Text

Primary housing expense to income ratio for the borrower and co-borrower

1008-Part4-UnderwritingInfo1:qualifyingRatios:totalObligationsToIncome

Text

Total obligations to income ratio for the borrower and co-borrower

1008-Part4-UnderwritingInfo1:qualifyingRatios:debt-to-housingGapRatio(Freddie)

Text

Debt to Housing Gap ration for the borrower and co-borrower.

1008-Part4-UnderwritingInfo1:loan-to-valueRatios:ltv

Text

Loan to value ratio, long term value for the borrower and co-borrower

1008-Part4-UnderwritingInfo1:loan-to-valueRatios:cltvOrTltv

Text

Loan to value ratio, long term value for the borrower and co-borrower

1008-Part4-UnderwritingInfo1:loan-to-valueRatios:hcltvOrHtltv

Text

Combined loan to value ratio or Long term value

1008-Part4-UnderwritingInfo1:qualifyingRate:qualifyingRateAdjustmentType

NOTE RATE
ABOVE NOTE RATE
BELOW NOTE RATE
BOUGHT-DOWN RATE
OTHER

Qualifying rate adjustment type

1008-Part4-UnderwritingInfo1:qualifyingRate:noteRatePercentage

Text

Note percentage

1008-Part4-UnderwritingInfo1:qualifyingRate:%AboveNoteRate

Text

Percent above note rate

1008-Part4-UnderwritingInfo1:qualifyingRate:%BelowNoteRate

Text

Percent below note rate

1008-Part4-UnderwritingInfo1:qualifyingRate:finalQualifyingRate%

Text

Final qualifying rate for the loan

1008-Part4-UnderwritingInfo1:levelOfPropertyReview:levelOfPropertyReview

EXTERIOR INTERIOR
EXTERIOR ONLY
NO APPRAISAL

Level of property review done by the appraiser

1008-Part4-UnderwritingInfo1:levelOfPropertyReview:formNumber

Text

Form Number

1008-Part4-UnderwritingInfo1:riskAssessment:manualOrAus

MANUAL UNDERWRITING
AUS

Underwriting assessment type

1008-Part4-UnderwritingInfo1:riskAssessment:duOrLpOrOther

DU
LP
OTHER

Type of assessment performed

1008-Part4-UnderwritingInfo1:riskAssessment:ausRecommendation

Text

Recommended approval decision by AUS

1008-Part4-UnderwritingInfo1:riskAssessment:duCaseIdOrLpAusKey

Text

Assessment case ID

1008-Part4-UnderwritingInfo1:riskAssessment:lpDocClass(Freddie)

Text

Freddie Mae Document Class

1008-Part4-UnderwritingInfo1:escrow(TAndI)

YES
NO

YES if amount is put into escrow by the borrower

1008-Part3-SellerAndContactInfo:sellerName

Text

Name of the individual(s) selling the subject property

1008-Part3-SellerAndContactInfo:sellerAddress:address

Text

Address of the seller

1008-Part3-SellerAndContactInfo:sellerAddress:cityOrTown

Text

City in which the seller resides

1008-Part3-SellerAndContactInfo:sellerAddress:state

Text

Formatted as a 2 character state code. State in which the seller resides

1008-Part3-SellerAndContactInfo:sellerAddress:zip

Text

5 digit zip code in which seller resides

1008-Part3-SellerAndContactInfo:sellerNo

Text

Seller number

1008-Part3-SellerAndContactInfo:sellerLoanNo

Text

Formatted (XXX)XXX-XXXX. Phone number of seller

1008-Part3-SellerAndContactInfo:contactName

Text

Name of contact

1008-Part3-SellerAndContactInfo:contactTitle

Text

Title of contact

1008-Part3-SellerAndContactInfo:contactPhoneNumber:phoneNumber

Text

Formatted (XXX)XXX-XXXX. Phone number of contact

1008-Part3-SellerAndContactInfo:contactPhoneNumber:ext

Text

Phone number extension of contact.

1008-Part3-SellerAndContactInfo:contactSignature

YES
NO

YES if signature of contact exists on the form

1008-Part3-SellerAndContactInfo:date

Date

Date on which the contact signed the form

Updated 3 months ago


1008 - Transmittal


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