MPF® Traditional Training:Iowa Bankers Mortgage Corporation

Training Courses  
Originating & Underwriting

Loan Data Delivery

Loan data delivery, known as Loan Presentment, is your method of providing MPF® with the loan details and determining credit enhancement obligation. Accuracy is essential.

The loan data must be submitted via eMPF to determine the loan’s Credit Enhancement (CE) obligation. CE results are given in both a percentage and dollar amount and represent the amount of shared risk. A low score would indicate a higher quality loan; a loan could receive a result of zero. 

Demo: To see more details about how this risk is shared, view our MPF Traditional: Risk Sharing webinar.

It is highly recommended to credit enhance the loan within the eMPF website prior to locking. The loan must be risk scored prior to being purchased by MPF. If you have only key data elements of the loan, there is a Credit Enhancement Estimator feature you may use to obtain an estimated risk score. Full loan details will be required prior to selling the loan to MPF.

The CE process can be completed at any time prior to loan purchase by MPF and may be performed multiple times. There are no fees associated with CE submission. Credit enhancing a loan does not commit you to selling the loan to MPF.

Your Responsibilities

  1. Provide the loan details within the eMPF website between 6:00 AM and 9:00 PM CT, seven days a week.

    There are two options for submitting loan details and obtaining a risk score:
    • Option 1 – Automated (Batch) Submission (single or multiple loans)
      • Required: Fannie Mae ULDD MISMO Version 3.0 in an XML format (v3.2 and v3.4 files are not accepted) (Export Guide)
      View Video Demo
    • Option 2 – Manual Interactive Submission (single loan only)
      View Video Demo

  2. If loan information changes after your most recent submission, correct the loan data and re-submit.

    For manual delivery, update your Loan Presentment and re-submit. For automated delivery, correct the information in your LOS and re-submit the batch.

    Note: If your loan is chosen for an MPF quality control review, the auditor will compare the data you provided at Loan Presentment to the loan file. Any discrepancies will be reported in the final quality control findings

  3. Loan Presentment is not an automated underwriting system; it simply determines risk. 

    Based on credit enhancement results, you make the decision to deliver the loan to MPF. 

  4. Government Non-MBS

    MPF does not share in the risk for the Government Non-MBS loans; therefore, the PFI will not receive a Credit Enhancement % or dollar amount. Instead, the loan data delivery process will be used to provide the loan information to MPF. At a point after underwriting, the loan data should be submitted to ensure a successful upload prior to selling the loan to MPF. A successful upload prior to loan funding will help avoid funding delays.