MPF® Traditional Training:Newrez

Training Courses  
Originating & Underwriting

Borrower Application

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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 Guides.

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

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

    • Collect the Newrez fees:
      • Tax Service Fee: $85.00
      • Conventional Loan Boarding Fee: $120.00
      • Government Loan Boarding Fee: $500.00 (if applicable)
      • When escrows are waived, there will be an SRP adjustment. 
    • MPF has no additional delivery fees. 

Important Reminder: Meet all state and federal regulatory requirements.