K3 Segment ErrorsCritical

    K301K3 Invalid Mortgage Type

    The mortgage type indicator in K3 is not valid

    Affected Field
    Mortgage Type

    Description

    The K3 segment provides mortgage-specific information. The mortgage type must be a valid code indicating conventional, FHA, VA, or other mortgage types as defined in Metro 2 specifications.

    Common Causes

    • Non-standard mortgage type codes
    • Field mapping error
    • Mortgage type not properly classified

    How to Fix

    1. 1Use valid mortgage type codes
    2. 2Classify mortgage type at origination
    3. 3Map internal codes to Metro 2 codes

    More K3 Segment Errors

    K302
    K3 Invalid Property Indicator

    Metro 2 code reference

    A rejected value is usually a wrong code rather than a wrong format. Every CRRG code set has a per-code page with its meaning and cross-field rules. Metro 2 codes: the complete cheat sheet puts all of them on one page.

    Account Status CodesPortfolio TypesAccount Type CodesTerms Frequency CodesPayment RatingsPayment History Profile CodesSpecial Comment CodesCompliance Condition CodesECOA CodesConsumer Information IndicatorsCreditor Classification CodesResidence Codes

    Catch Errors Before Submission

    The platform validates every field and catches errors like K301 before you submit to the credit bureaus.

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    K301: K3 Invalid Mortgage Type - Metro 2 Error