EDI 265: Real Estate Title Insurance Services Order

This X12 Transaction Set contains the format and establishes the data contents for the Real Estate Title Insurance Services Order (265) Transaction Set for use within the context of an Electronic Data Interchange (EDI) environment. The transaction set can be used by a real estate agent, mortgage lender, or other real estate company to order, update, or cancel title services from a title insurance services company. This standard can also be used by the title services company to return title information to the party originating the order. This transaction set replaces the paper forms used to request services such as title searches and insurance, and replaces mortgage closing documents.

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ASPECTS OF SALES ORDERS IMPROVED BY EDI ACCURACY - 97% PRODUCTIVITY - 92% RESPONSE/CYCLE TIMES - 81% SALES ACROSS COMPANY BORDERS - 75% ABILITY TO TRACK/TRACE GOODS - 67%	ASPECTS OF PURCHASE ORDERS IMPROVED BY EDI ACCURACY - 91% PRODUCTIVITY - 77% RESPONSE/CYCLE TIMES - 74% SALES ACROSS COMPANY BORDERS - 65% ABILITY TO TRACK/TRACE GOODS - 74%
* Supply Chain Insights, LLC; B2B Study, June-September 2013. Survey of Manufacturers, Retailers, Distributors & others currently using EDI.

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