How to Read the MPF Price Sheet – Best Efforts Pricing
Loan Level Price Adjustments (LLPA) are not a part of the price quote. You must calculate the LLPAs and price up to cover the Fannie Mae required adjustments.
Tip: See the LLPA Pricing Worksheet
Determining how the Loan should be priced
Required LLPAs 1.00
Your profit requirement 1.50
You will need to price to make 2.50
MPF Price 1.922
Total Price 2.602
- The 2 days needs to be considered when determining your lock expiration date.
Example: Your loan will be closed, fully disbursed and ready to sell (request funding/purchase) to MPF on March 15; you will want your lock expiration date to be March 17. For your pipeline tracking purposes, March 15 should be your price expiration date.