Getting Started Guide for MPF® Traditional Retained


Getting Started

Welcome to the Mortgage Partnership Finance® (MPF®) Program and the MPF Traditional Product with servicing retained. You’ve made a great decision to further enhance your relationship with your borrowers. We’ll be here every step of the way to ensure your success. Take advantage of this Getting Started Guide to prepare for your application process!

Before you apply for a product, there are a few things to complete before you get started:

Application Period

  • Execute a MPF-specific Corporate Resolution;
  • Set up MPF in your Product and Pricing Engine (PPE); and
  • Complete and submit your application.

Upon Approval

  • Confirm any 3rd party vendor relationships are finalized (if applicable);
  • Review the loan process and let your implementation specialist know if you are unsure of any step; and
  • Log in and familiarize yourself with eMPF.

Step 1: Complete and Submit Application

About this Step

To become a Participating Financial Institution (PFI), review, complete and submit the application documents. Since all MPF Application documents must be dated on or after the date of the MPF Corporate Resolution, we recommend you begin the process by reviewing the product with your board.

How to Complete This Step

  • Execute a MPF-specific Corporate Resolution (For NEW PFIs only); 
  • Complete the application forms and gather supporting documentation; and 
  • Submit your application to

What You Will Need

A checklist and application documents are available under the "Applications" tab. The checklist will be useful for completing all required fields. 

Step 2: Complete Set-up Process

About This Step

You will need to complete certain items, either with an internal team or third party, prior to funding your first loan. Below is a summary:

  • You can use Product and Pricing Engines (PPE) to execute your lending strategy. MPF Products and Pricing are available through five providers:
    • Compass Analytics
    • Ellie Mae®
    • LoanLogics
    • LoanScorecard
    • Mortech
    • Optimal Blue
  • There are no specific document packages available for MPF products within any current LOS system.  
  • Underwriting can be performed manually or by utilizing AUS findings from DU® or LPA.

How to Complete this Step

  • Set-up with one of the PPE providers;
  • Use the Fannie Mae® 3200 multi-state note and state-specific mortgage or deed of trust; and
  • Determine if your institution will use Automated or Manual Underwriting (If you are interested in access to DU, contact your Mortgage Relationship Manager).

What You Will Need

  • Fannie Mae/Freddie Mac Conforming Documents 
  • Set-up Fields 
  • Additional Information File (Only required if using automated data submission)
  • Resources available on this site

Step 3: Training

About This Step

A dedicated team of trainers is available to prepare you for launch. Customized onsite training will take place after application approval when you have loans ready to sell. Our training team will provide you with a comprehensive product review. We recommend several individuals participate in the training sessions, including senior lender, mortgage dept. manager, loan officers, underwriters and/or quality control staff, processors/mortgage support staff, and post-close staff. 

How to Complete This Step

What You Will Need

Additional live webinars available.

Step 4: Launch

About This Step

Congratulations! You are now ready to lock and start funding your first loans. With each loan, you will need to prepare a few items for post-closing and ongoing quality control. Don’t worry – we have resources to help walk you through each step. Get ready to enjoy your new opportunities with MPF!

How to Complete This Step

  • Celebrate your completed MPF application process;
  • Identify qualifying loans for the MPF program; and
  • Start selling into the MPF program.

What You Will Need

  • Custody Package Delivery Instructions;
  • Investor Reporting Requirements; and
  • Quality Control Requirements.