How to Apply
Gain access to the secondary market with the Mortgage Partnership Finance® (MPF®) Program!
Interested in becoming a Participating Financial Institution (PFI)? Are you already enrolled in MPF but want to add a specific product? You’ll find a listing of the documents required for your application submission below.
STOP! Before you start filling out forms, please set up a meeting with FHLB Des Moines to talk through your options. This will save you time in the long run, we promise!
Select whether you are new to the Program or looking to add a product.
New PFI applicants must complete the following two (2) steps:
1MPF Program Documentation
Complete the forms and agreements.
Financial data may need updated after 120 days.
- Corporate Resolution Specific for MPF PFI Agreements (More Info)
All application documents must be dated on or after the Board of Directors Meeting that is noted on the Resolution. The Board Secretary must certify that this Resolution has been duly adopted by your Board of Directors.
- MPF Application (More Info)
Financial data may need updated after 120 days.
- Quality Control Procedures (sample policy) (More Info)
PFIs are required to have a written quality control program (see chapter 8 of the MPF Program Guide). You may contract with a third party QC vendor to meet the QC requirements. If so, your written policy should include procedures for overseeing and evaluating the quality control vendor.
- Vendor Contract and Statement of Work for Quality Control and Underwriting (if applicable)
- APL Policy (sample policy)
A copy of your institution’s written APL procedures must also be included if intending to deliver loans in a restricted loan jurisdiction (New Jersey, Massachusetts, Indiana, Rhode Island or Maine).
- Participating Financial Institution Agreement
- Security Administrator Delegation of Authority (More Info)
Individuals listed on this form will have authority to manage users' MPF authorities online within the transactional system.
- First paragraph on page one should be the date noted on the MPF Corporate Resolution, not today's date.
- Select the first checkbox and leave the second blank.
- As a new MPF applicant, a PFI number has not yet been assigned. Leave that field blank.
- An individual(s) granted authority on the MPF Resolution must execute page 2.
- Delegation of Authority - Requests for Files from Custodian (More Info)
This document delegates authority to designated persons for conducting transactions within the MPF Program. This document delegates the authority to staff to request the release of collateral files from the Document Custodian and/or request copies for corrections.
- First paragraph on page one will be the date of the MPF Corporate Resolution.
- A wet signature is required on this document.
- Collateral File Release Information Form (More Info)
Individuals listed on this form should match those listed on the DOA-Requests for Files from Custodian form.
- Post Closing Information Form (More Info)
The parties listed on this form will be contacted by the Document Custodian and/or the MPF Provider for custodial package corrections and late deliveries.
- MPF Fidelity and Errors & Omissions Insurance (OG2) (More Info)
Evidence of current Fidelity and E&O coverage are needed to complete this form.
- Financial data may need updated after 120 days.
- Any response of “no” under question number 6 may indicate an issue with insurance coverages.
- Proof of Fidelity Insurance (More Info)
Fidelity coverage is protection to the PFI for losses due to fraudulent or other dishonest acts committed by officers, employees or other duly authorized to act on the behalf of the PFI.
- Evidence of insurance must include policy period, insurance amount, deductible and loss payee information.
- FHLB Des Moines should be covered as loss payee.
- Proof of Errors and Omissions Insurance (More Info)
E&O coverage is protection to the PFI for losses caused by negligence, errors or omissions committed by the persons required to be covered by the member’s fidelity insurance, in the performance of duties related to mortgage origination, selling or servicing.
- Evidence of insurance must include policy period, insurance amount, deductible and loss payee information.
- FHLB Des Moines should be covered as loss payee.
- Updated Resumes of Key Mortgage Personnel (More Info)
Please include resumes/biographies for key individuals responsible for major mortgage functional areas. Include individual’s current title and a description of job responsibilities, specifically related to mortgage lending.
2Choose A Product
Select an MPF product and servicing option below for a list of the product-specific documentation required.