Selling & Delivery
Selling
It's time to sell your loan and reap the rewards of the MPF® Program.
Now that you've closed with the borrower, you will need to initiate the funding request using the eMPF website.
MPF purchases the loan via the eMPF website.
- MPF will only purchase a closed loan. This means the loan must be closed and disbursed before you can request funding/purchase by MPF (i.e., you can close with your borrower and request funding by MPF the same day).
- Your loan funding request must occur no less than 7 business days prior to the lock expiration date.
- The custody file will be reviewed and must receive initial pre-certification not less than three business days prior to price expiration. The loan will not be purchased without initial certification (4 business days for pre-certification + 3 business days for MPF to purchase = 7 business days).
- Your loan must be funded by MPF on or before the price expiration date.