MPF Xtra® Training:Newrez

Training Courses  
Originating & Underwriting

Processing

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

You will process the MPF loan as you would loans for other secondary market investors. 

Your Responsibilities

  1. Run your automated underwriting system (if applicable)

  2. Gather borrower information

  3. Validate the information provided by the borrower

  4. Order an Appraisal

  5. Order the Title search

  6. Order a Life of Loan Flood Certification

    • Newrez's preferred vendor is Cotality (f/k/a CoreLogic); however, they will work with all major flood determination companies.

  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.

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