A Snapshot for Participating Financial Institutions | Spring 2014 
 
 
NEWS
PFI Conversation: The MPF Program Goes “Out of Their Way to Work with Us”
Gordon Zimmerman, President of Community Bank in Montana, recently shared with MPF in Focus his positive experiences partnering with the MPF Program.
 
New MPF Website is Easier to Navigate
The MPF Program is pleased to announce the launch of an updated website later this month.
 
Keeping Up with Quality Control: Online Assessment for PFIs that Sell Under the MPF Xtra® Product
As a result of the updated requirements for a PFI’s in-house quality control (QC) program, we are asking PFIs that sell mortgages under the MPF Xtra product to complete an online course and assessment that focuses on the pre-closing QC review process.
 
Updated Quality Control Exception Report is a Time-Saving Tool
The MPF Program has recently enhanced the format of the Quality Control Exception Report. The new layout will now assist PFIs in quickly understanding and identifying issues at-a-glance on the QC reports. As a result, PFIs will be able to complete reviews faster and more efficiently.

Specifically, the updated report is separated by loan number and all issues are listed in order of severity. Additionally, the language describing the severity level of the defect now matches the industry standard. Please contact your MPF Bank representative with any questions.
 
Did You Visit us in Hawaii?
The MPF Program participated at several industry conferences during the first quarter of the year. Eric Schambow, Senior Vice President and Director of the MPF Program, was a featured speaker at the ICBA.
 
CALENDAR
Sharpen Your Skills at a Free MPF Webinar
We invite you to attend one of our upcoming complimentary webinars.

Tuesday, April 15:  Loan Eligibility Workshop for the MPF Portfolio and MPF Xtra Products
  • Learn about the general loan eligibility requirements for the MPF portfolio and MPF Xtra products.
Monday, April 21:  Radian’s Liquid Assets Eligibility and Documentation 
  • Hear about the most common liquid assets and how they work with conventional mortgage financing.
Tuesday, April 29:  Custodial Account Reconciliation for the MPF Portfolio Products 
  • Gain a better understanding on reducing errors associated with P&I and T&I custodial account reconciliations.
     
 
Look for us this Spring Across the Country
We’ll be hitting the road again this spring! We'll be attending the Mortgage Bankers Association (MBA) National Secondary Conference in New York on May 18 - 21. 

We encourage you to stop by and see us at the Credit Union National Association (CUNA) Conference in San Francisco from June 28 – July 2. Be sure to look for us at our new trade show booth (shown right).
     
 
 
 

 
LINKS

www.fhlbmpf.com

Direct link to the webinar calendar:
Click here

 
 
Mortgage Partnership Finance® Program
www.fhlbmpf.com
Copyright 2014, Mortgage Partnership Finance Program. “Mortgage Partnership Finance,” “MPF,” “MPF Xtra,” and “eMPF” are registered trademarks of the Federal Home Loan Bank of Chicago. The “MPF Mortgage Partnership Finance” logo is a trademark of the Federal Home Loan Bank of Chicago.