On-Demand Webinars
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The MPF Program provides free, on-demand learning resources for our members. Some MPF webinars are recorded and made available on-demand. While we try to post only the most recent offerings, some of the information in these presentations may have changed since recording. Always consult the MPF Guides for the most current information about MPF products and procedures.
Topics
MPF Traditional Product Eligibility and Underwriting (NEW)
This on-demand webinar provides a general overview of eligibility and underwriting guidelines for the MPF® Traditional products (MPF Original, MPF 125 and MPF 35). Attention will be given to the differences between manually underwriting a loan and using an automated underwriting system (AUS) such as Desktop Underwriter® (DU®) and Loan Product Advisor.® (LPA). Underwriting basics such as LTVs, credit scores, property types, income, and assets will be discussed. This webinar will also include an overview of recently announced updates to the MPF Traditional Selling Guide.
Recorded On: September 10, 2020
Recorded On: September 10, 2020
Focus on Credit and Liabilities (NEW)
This on-demand webinar covers topics related to credit reports and liabilities. Both common and unique situations will be discussed along with guidance on inquiries, fraud alerts and non-traditional credit reports. We will provide guidance on liabilities, focusing on what must be considered and situations that allow for the exclusion of certain debt.
Recorded On: November 17, 2020
Recorded On: November 17, 2020
The Basics of Title Insurance (NEW)
This on-demand webinar is designed to introduce the basic principles of the title insurance industry. Attention will be given to the unique terminology associated with this area of business. We will break down both a title commitment and title policy into its different components and discuss the importance of the information being provided.
Recorded On: November 10, 2020
Recorded On: November 10, 2020
MPF Government MBS Default Servicing Audit Findings and Reminders
The purpose of this webinar is to provide insight into a number of cited audit issues. The main area of focus will deal with the adherence to servicing guidelines for defaulted loans. We will review the different agency (FHA, VA and USDA) requirements for outgoing collection calls and written notifications.
Recorded On: October 22, 2020
MPF Xtra® Product Eligibility and Underwriting
This on-demand webinar specifically addresses some of the eligibility and underwriting guidelines for the MPF Xtra product. Topics to be discussed include determining LTV/CLTV limits, subordinate financing, required borrower funds, gifts, eligible property types, DTI calculations, credit, and much more. Recent Fannie Mae underwriting guideline changes will be discussed. This is an opportunity for those who may be new to the MPF Xtra product to learn about the many eligibility factors and experienced participants to sharpen their guideline expertise. All experience levels are welcome.
Completing a COVID-19 Payment Deferral Plan for MPF Traditional (Conventional) Products
On July 3rd, the MPF Program announced additional details related to the MPF Traditional COVID-19 Deferral Plan. In this on-demand webinar, we will discuss key pieces of the announcement including a review of plan eligibility, forms, required documentation, and reporting instructions.
Condominium Project Eligibility
This on-demand webinar is on condominium project eligibility under the MPF Program. The differences between a condominium, PUD and detached site condominium are explained, along with the different methods for reviewing projects. Both limited and manual review requirements will be discussed. Learn about what makes a project ineligible and what documentation is necessary for a thorough project review.
The Custody Process for the MPF Traditional and MPF Xtra Products
The MPF Program presents this on-demand webinar designed to furnish your staff with increased understanding of the processes involved in the delivery of custodial documents and what happens “behind the scenes”.
Default Reporting Overview and Troubleshooting
This on-demand webinar provides an overview of the of the MPF® Program default reporting requirements. As of May 1st, the MPF Program has been utilizing a new default management system, eMAQCS® Plus. In order to provide Servicers with more insight into monthly delinquency reporting (including loans impacted by COVID-19), we are providing this webinar to assist with some of the challenges Servicers have experienced. Sections of The Delinquent Mortgage and Bankruptcy Status Report (Exhibit B), will be explained and guidance for completion and successful submission will be provided.
MPF Traditional Investor Reporting Overview
The MPF Program presents an on-demand webinar that is designed to provide your servicing staff with increased knowledge on how to reduce errors and discrepancies associated with investor reporting for the MPF Traditional products.
Construction to Permanent Loans
This on-demand webinar will explore the eligibility requirements for construction to permanent loans delivered under the MPF Traditional and MPF Xtra products. The differences between single-close and dual-close transactions will be discussed along with guidance on determining loan-to-value ratios. General industry information about construction lending and terminology will also be included in this session.
Introduction to eMAQCS Plus
The oversight of default reporting will be transitioning to the MPF Provider. Included in this change, is the launch of a new default management system, eMAQCS® Plus. eMAQCS Plus will accommodate monthly delinquency reports (Exhibit B) uploads in addition to other delinquency-related servicing documents. This on-demand webinar is designed to provide an introduction to the features and functions available in eMAQCS Plus.
MPF Traditional: Servicing Released to CMC Funding
This presentation covers the requirements and process flow for the transfer of servicing to CMC Funding under the MPF Traditional products. Topics include general loan requirements, servicing released premiums, file delivery and servicing transfer considerations.
Updates to Minimum PFI Credit Enhancement Obligation
Effective January 1, 2020 the MPF Program has made updates to the determination of Master Commitment (MC) credit enhancement for all of the risk-sharing products (MPF Original, MPF 35, and MPF 125). As a result of this update, the PFI Credit Enhancement (CE) Obligation may be subject to an adjustment to meet regulatory requirements no later than 30 days after the MC has closed.
In addition, all new and amended MCs will have a set minimum PFI credit enhancement obligation of one percent (1%). Please note that MPF Traditional products that offer performance-based credit enhancement fees to PFIs (MPF 35 and MPF 125) will have a lower effective minimum due to the First Loss Account (FLA). These terms will not immediately apply to existing Master Commitments, but will be applicable when new Master Commitments are opened or existing Master Commitments are amended on or after January 1, 2020.
In addition, all new and amended MCs will have a set minimum PFI credit enhancement obligation of one percent (1%). Please note that MPF Traditional products that offer performance-based credit enhancement fees to PFIs (MPF 35 and MPF 125) will have a lower effective minimum due to the First Loss Account (FLA). These terms will not immediately apply to existing Master Commitments, but will be applicable when new Master Commitments are opened or existing Master Commitments are amended on or after January 1, 2020.
MPF Xtra® Investment Properties
Beginning November 4, 2019 investment properties will be eligible for delivery under the MPF Xtra® product. In this session we will review the guidelines for underwriting investment properties. In addition to covering general eligibility requirements, attention will be given to documenting rental income, calculating monthly qualifying income (or loss) and, the treatment of rental income (or loss). Click the links below to access the on-demand webinar, presentation deck, and frequency asked questions.
• On-Demand Webinar (38 min.)
• Presentation
• Frequently Asked Questions (FAQs)
