MPF® Traditional Training:Retained

Training Courses  
Originating & Underwriting

Processing

Complete the processing steps and ensure the loan meets the MPF® Program requirements.

Learn More: View our MPF Traditional: Product Eligibility & Underwriting webinar.

Your Responsibilities

  1. Run your automated underwriting system (if applicable)

  2. Gather borrower information

  3. Verify the information provided by the borrower, on the 1003, is consistent with the documentation in the file and data within DU/LPA.

  4. Order an Appraisal

  5. Order the Title work

  6. Order Life of Loan Flood Certification

  7. For LTVs over 80%: Obtain private mortgage insurance from our list of approved vendors.

    • Arch Mortgage Insurance Company (formerly CMG Mortgage Insurance Company)
    • Essent Guaranty, Inc.
    • Enact (formerly Genworth MI)
    • Mortgage Guaranty Insurance Corporation (MGIC)
    • National Mortgage Insurance Co.
    • Radian Guaranty Inc.
    • United Guaranty Residential Insurance Company and United Guaranty Mortgage Indemnity Company

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