Field K3-1RequiredIdentification Fields
Metro 2 Field K3-1: K3 Segment Identifier
Constant value identifying the appended segment as a K3 (Mortgage Information). Carries agency/MERS identifiers used in mortgage reporting.
Quick Reference
Field Number:K3-1
Position:1-2
Length:2 characters
Type:alphanumeric
Record:K3 Segment
Required:Yes
Allowed Values
| Value | Meaning |
|---|---|
| K3 | K3 segment identifier |
Validation Rules
- Must contain the literal value K3
- Used with mortgage portfolio accounts
Examples
K3Common Errors
- K3 appended to a non-mortgage account
Tips & Best Practices
- Reserve K3 for mortgage tradelines that need agency/MERS identifiers
Related Fields
Other Identification Fields
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