How to Read the MPF Price Sheet - Mandatory Pricing

  • Loan Level Price Adjustments (LLPA) are not a part of the price quote. You must calculate the LLPAs and price up to cover the Fannie Mae required adjustments.
    See the LLPA Pricing Worksheet

Determining how the Loan should be priced

Required LLPAs                              1.00
Your profit requirement               1.50
You will need to price to make    2.50

  • Agent fee represents premium or discount payable on a loan funding
  • Note rates are quoted in 1/8’s
  • The loan is priced based on the loan size
    • Loans up to $85K
    • > $85K to $110K
    • > $110K to $125K
    • > $125K to $150K
    • > $150K to $175K
    • > $175K (including high balance loans)
      A high balance loan is a loan in an area of the country having a high cost of housing (Boston, New York, California, Washington, D.C., etc.)
  • Loans are priced on 10, 15, 20 and 30 year fixed rate terms
    • Contact the MPF Service Center at #877.463.6673 for 10-year price quotes
  • Odd amortization terms are allowed:
    • 85 –120 month term priced at a 10-year term
    • 121 – 180 month term priced at a 15-year term
    • 181 – 240 month term priced at a 20-year term
    • 241 – 360 month term priced at a 30-year term
  • The indicative pricing available at the eMPF website shows lock terms of 5, 15, 30, 45, 60 and 90 calendar days. The Xtra product allows you to lock for the actual number of days you need in a range of 3 to 90 calendar days (Pricing advantage the pricing is based on the actual number of days you need to lock for)
  • When locking under Xtra Mandatory delivery, you must request loan funding/purchase by MPF 2 days prior to the lock expirations
  • The 2 days needs to be considered when determining your lock expiration date
    Example: Your loan will be closed, fully disbursed and ready to sell (request funding/purchase) to MPF on March 15; you will want your lock expiration date to be March 17. For your pipeline tracking purposes, March 15 should be your price expiration date.