Custody
Participating Financial Institutions
Participating Financial Institutions (PFIs) are required to deliver specific documents to the MPF Program Custodian (Computershare). Mortgage Loans must receive an Initial Certification in accordance with the appropriate MPF Guides. In addition to the Initial Certification, MPF Government and MPF Government MBS loans must also receive Final Certification within 365 calendar days of funding.
MPF Traditional Products (MPF Original, MPF 125, MPF 35, MPF Government) and MPF Government MBS:
PFIs are required to deliver specific documents to the MPF Program’s Custodian within seven (7) calendar days of the Funding Date by the MPF Bank.
MPF Xtra - Effective for all funding confirmations:
The pre-funding Initial Certification process will be required in order for loans to complete the funding process.
Please refer to the MPF Guides for complete details on all MPF Products.
Initial Certification Process Flow
MPF Traditional Products (MPF Original, MPF 125, MPF 35, MPF Government) and MPF Government MBS
Within 7 Calendar Days from Funding
Reports
Clear Exceptions
Initial Certification
Initial Certification Process Flow for MPF Xtra
Submit Batch
Note(s) & Required Documents
Reports
Clear Exceptions
Initial Certification
Loan Funding
Final Certification Process Flow
MPF Government and MPF Government MBS products only
Custody Quick Reference Guide
Initial Certification
- Exhibit H: MPF Program Custodian - Document Codes
- Exhibit K: Initial Certification Review Checklist for MPF Traditional
- Form SG340: Request for Release of Documents - MPF Traditional
Final Certification - Government Only
- Exhibit L: Government Mortgage Final Certification Review Checklist
- Exhibit H: MPF Program Custodian - Document Codes
Trailing Documentation (Servicing Released Only)
- Exhibit W: Newrez Whole Loan Servicing Transfer Manual - MPF Traditional
- Exhibit F: Colonial Savings Concurrent Servicing Sale Manual
Custodial Guide & Fees (Chapter 15.5)
Frequently Asked Questions
Initial Certification
- Exhibit H: MPF Program Custodian - Document Codes
- Exhibit K-X: Initial Certification Review Checklist for MPF Xtra
- Form SG340-X: Request for Release of Documents - MPF Xtra
Final Certification - Government Only
- Not applicable
Trailing Documentation (Servicing Released Only)
Custodial Guide & Fees (Chapter 15.4)
Frequently Asked Questions
Initial Certification
- Exhibit H-M: MPF Government MBS Custodian-Document Codes
- Exhibit K-M MPF Government MBS Initial Certification Review Checklist 3.17.23
- Form SG340M: Request for Release of Documents - MPF Government MBS
Final Certification - Government Only
- Exhibit L: Government Mortgage Final Certification Review Checklist
- Exhibit H-M: MPF Government MBS Custodian-Document Codes
Trailing Documentation (Servicing Released Only)
- Temporarily Suspended
Custodial Guide & Fees (Chapter 8)
Frequently Asked Questions
Quick Links
Servicing
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Learn MoreUpcoming Webinars
Join our upcoming webinars to enhance your knowledge and stay updated on industry trends.
1 hour
MPF Program Investor Reporting: Reconciling Custodial Accounts
Tuesday, March 10, 2026 | 1:00pm
This session is designed to give attendees an in-depth look at monthly custodial account reconciliations. This session will help attendees identify and reduce discrepancies that appear during the reconciliation process.
2 hours
MPF University Welcomes MGIC: Appraisals & UAD 3.6
Thursday, March 12, 2026 | 1:00pm
Learn how to analyze income trends along with other factors so you can make the best underwriting decisions when calculating variable income.
1 hour
MPF University Welcomes Radian: Detecting and Avoiding Fraud in Loan Files
Thursday, March 19, 2026 | 1:00pm
Attend this foundational session to better understand mortgage fraud by reviewing real documents.
1 hour
Title Insurance Basics
Wednesday, March 25, 2026 | 1:00pm
This 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.