The EDI 144 Student Loan Transfer And Status Verification Transaction Set


AgencySet IDFGTransaction DescriptionSubcommitteeStandard
ANSI144LTStudent Loan Transfer And Status Verification FinanceDownload


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Official Definition:
Data contents of the Student Loan Transfer and Status Verification Transaction Set (144) for use within the context of an Electronic Data Interchange (EDI) environment. This transaction set is used by lending institutions ("lenders"), guarantee agencies ("guarantors"), and secondary markets to send and receive information regarding the transfer of ownership of a student loan. It can also be used to verify the status of a student loan prior to and subsequent to the purchase of the loan. The loan status verification and transfer data includes, but is not limited to, borrower, student, and loan detail information. A potential purchaser of a student loan would use this transaction set to request information, from the guarantor of the loan, regarding loan status. This transaction set would in turn be used by the guarantor to return the verified loan status information to the requester. Subsequent to the purchase of the loan, this transaction set would be used by the purchaser to notify the guarantor of a transfer of ownership.

Research and Development:
Jobisez LLC has a facility to translate the EDI 144 (Student Loan Transfer And Status Verification) document type. If you are researching the 144s, you can view other trading partner guidelines. You can also gain knowledge by researching all EDI document types. Jobisez LLC can also provide assistance if you need additional help.

Solutions:
Are you looking to trade the EDI 144 transaction with one of your trading partners? Do you need an EDI VAN Savings solution to exchange the 144? Or perhaps you would like to use a Cloud-Based application, so you can plug your 144 transaction directly into your ERP and TMS systems. Even small companies have the ability to trade the 144 using an EDI Web Browser solution.


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