MPF Announcement 2026-35

MPF Program – Income Verification Update

Effective Date: Immediately (unless otherwise noted within)

In efforts to streamline quality control requirements, the following reverification requirements have been updated:

•  IRS Tax Transcript Requirements: Updated the reverification policy to require tax transcripts be obtained from the IRS only when tax returns were used to verify income during underwriting, such as for self-employment income

 For additional information refer to the MPF Program Guide Section 8.7.2 Employment and Income, MPF Traditional  Selling Guide Section 5.3.6 4506-C and Tax Transcripts, and MPF Xtra Selling Guide Section 5.4 4506-C and Tax Transcripts.  

•  Reverification of Employment and Income: Clarified the reverification policy to confirm that only the income and employment used to qualify the borrower for the mortgage loan must be reverified. Income and employment not used for qualification purposes are not required to be verified.
  
  For additional information refer to the MPF Program Guide Section 8.7.2 Employment and Income and MPF Traditional Selling Guide Section 5.3.1General Income Information.
  

For questions or assistance, please contact the MPF Service Center by using one of the following options:

• MPF Customer Service Portal
• Email: [email protected]
• Phone: 877.345.2673