What are loops and segments?

What are loops and segments? The loops and segments contain the readable information that provides the clearinghouse the identifying information for the claim that was filed. The loops on an electronic claim are organized by categories of information that match data elements on the CMS-1500 claim form. What does EDI Read more…

What does REMIC stand for?

What does REMIC stand for? real estate mortgage investment conduit The term real estate mortgage investment conduit (REMIC) refers to a special purpose vehicle (SPV) or debt instrument that pools mortgage loans together and issues mortgage-backed securities (MBS). What is the primary advantage of a REMIC? What is a primary Read more…