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How to Join the MPF Program
To be eligible to participate in the MPF Program, an institution must first be a member of an FHLBank that offers the MPF Program. If your institution is not a member of a participating FHLBank and you would like more information on how to become one, contact your representative at your FHLBank.
How to Join the MPF Program
Step 1: FHLBank Membership
Financial institutions must first become a member of their local Federal Home Loan Banks. Membership establishes access to FHLBank products, including the MPF Program (in available districts).
Step 2: MPF Program Eligibility Requirements
Prospective Participating Financial Institutions complete an eligibility review that may include financial condition, operational capacity, and mortgage lending experience to ensure they can meet MPF Program standards.
Step 3: Required MPF Program Agreements
Once eligibility is confirmed, the institution signs the necessary MPF Program agreements, which formalize participation and outline responsibilities for loan delivery, credit risk sharing (as applicable), and servicing.
Step 4: Complete Onboarding and Begin Delivering Loans
The institution receives onboarding support, system access (eMPF and related tools), training through MPF University, and guidance on delivery, underwriting, and servicing. After onboarding is complete, the institution may begin delivering loans through the MPF Program.