How SRP is Calculated

SRP is paid based on the fee schedule in effect on the day the delivery commitment is issued (date locked in). Xtra CMC is a full net funding. MPF buys the loan and pays SRP at the same time. 

Principal balance as of MPF sale date x SRP               
               +           Loan Amount
               +          SRP                 
               +/-        Interest
               +/-        Agent Fee
               -           Tax Service Fee
               -           Loan Boarding Fee
               -           Escrows