K3 Segment ErrorsWarning

    K302K3 Invalid Property Indicator

    The property type indicator in K3 is not valid

    Affected Field
    Property Type

    Description

    K3 segment property indicators specify the type of property securing the mortgage (single family, multi-family, condominium, etc.). Invalid codes will cause the segment to be rejected.

    Common Causes

    • Property type miscategorized
    • Using outdated indicator codes
    • Mixed-use properties not properly coded

    How to Fix

    1. 1Verify property type classification
    2. 2Use current Metro 2 property type codes
    3. 3Classify mixed-use by primary use

    More K3 Segment Errors

    K301
    K3 Invalid Mortgage Type

    Catch Errors Before Submission

    Metro2 software validates every field and catches errors like K302 before you submit to the credit bureaus.

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