Increase Security With eMAQCS™
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The Mortgage Partnership Finance® (MPF®) Program introduced a new Web-based quality control system, eMAQCS (Mortgage Analytics Quality Control System – pronounced “e-max”), on January 15, 2015. The system was launched using a phased approach to an initial group of PFIs. Before new PFIs are added to the platform, they will be notified via email.
eMAQCS was designed to help PFIs keep pace with the increasing industry security standards for mortgages delivered into the secondary market. Loading documents electronically via eMAQCS provides a more secure file transfer system and an enhanced level of protection for PFIs:
- Documents hosted at a Tier 4 Data Center in the United States with enterprise-level security
- Secure, cloud-based platform with geographically dispersed disaster recovery procedures
- Load-balanced, clustered servers with 99.99% uptime and back-up protocols to ensure 24/7 availability
PFI Support and Training The MPF QC team will provide comprehensive training via the platforms listed below. PFIs will be notified of training opportunities before being asked to use eMAQCS. • Instructions and checklist will be available on the MPF website • Live webinars will be scheduled regularly Quality Control Process PFIs will receive an email notification of any missing loan documents, just as they do today. QC results will continue to be sent to PFIs via email, and PFIs will use the current process to remediate issues. PFIs will continue to refer to their order letter for loan documentation delivery instructions. The MPF QC team will use eMAQCS to order, track, and review MPF loan data and documentation for QC reporting and remediation. For More Information If you have questions, please contact your MPF Bank Representative or a member of the MPF QC team via email (by clicking on their name below) or by phone: Tony Calkins at 312-565-5842 Mike Miller at 312-552-1723 |
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This newsletter contains forward-looking statements which are based upon our current expectations and speak only as of the date hereof. These statements may use forward-looking terms, such as “anticipates”, “believes”, “expects”, “could”, “plans”, “estimates”, “may”, “should”, “will,” or their negatives or other variations on these terms.We caution that, by their nature, forward-looking statements involve risk or uncertainty, that actual results could differ materially from those expressed or implied in these forward-looking statements, and that actual events could affect the extent to which a particular objective, projection, estimate, or prediction is realized. These forward-looking statements involve risks and uncertainties including, but not limited to, the risk factors set forth in our periodic filings with the Securities and Exchange Commission, which are available on our website at www.fhlbc.com. We assume no obligation to update any forward-looking statements made in this newsletter. |
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