FHLBC - MPF in Focus

Improved Efficiency through eMPF^®

New functionality is available on eMPF. PFIs can extend or reduce MPF® Traditional Product delivery commitments (DCs) with a self-service option. What prompted the development? PFIs asked for it and FHLBanks suggested it. Previously, to extend or reduce DCs, a PFI was required to phone the MPF Service Center and wait while information was entered and confirmed. This online option offers PFIs an easy method for processing these changes themselves. Throughout 2015, the MPF technology team is reviewing all of the functionality of eMPF and plans to rollout further enhancements during the next 18 months.

With self-directed extensions and reductions, PFIs will be able to view detailed information for active and inactive MPF Xtra® and MPF traditional DCs and retrieve DC-related transaction confirmation reports through the eMPF website. Please note that PFIs must continue to call the MPF Service Center to complete MPF Xtra product delivery commitment extensions and reductions.

The self-directed extensions and reductions can be found under the “Transactions” tab in the “Delivery Commitment” section.
Since the implementation, about 90% of Traditional Product extensions and reductions have been done on the eMPF website by PFIs. The online transaction is fairly intuitive, but please call the MPF Customer Support Desk at 877-INFO-MPF (877-463-6673) with questions.

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FHLBC 200 East Randolph Drive Chicago, IL 60601 Phone: (877) 463-6673 www.fhlbmpf.com	New loan purchases available through the Federal Home Loan Banks of Atlanta, Boston, Chicago, Dallas, Des Moines, New York, Pittsburgh, San Francisco, and Topeka.
Copyright 2015, 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.

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.