MPF® Traditional Training:Iowa Bankers Mortgage Corporation

Training Courses  
Originating & Underwriting

Borrower Application

Congratulations! Your borrower has trusted you to originate their home loan.

With you as their mortgage professional, the Borrower will complete the loan application and provide all requested documentation. Let’s get started!

Your Responsibilities

  1. Determine if your borrower’s loan meets the MPF Program requirements found in the MPF Guide.

    On-Demand Webinar: MPF Traditional: Product Eligibility & Underwriting.

  2. Assist the borrower in completing the Uniform Residential Loan Application.

  3. Send out initial disclosures (E.g TIL, Loan Estimate, etc.).

    • IBMC will charge fees for each serviced mortgage and net them from the SRP:
      • Tax Service Fee: $81
      • Processing Fee: $150
      • Escrow Waiver Fee: 0.25% of the UPB at the time of sale to MPF (escrows are required for LTVs > 80%)
    • MPF has no additional delivery fees. 

Important Reminder: Meet all state and federal regulatory requirements.