MPF Xtra Product Enhancements
Effective Date: Starting Q1 2022
In an effort to keep you informed of changes that affect the way you do business under the MPF Xtra product, we have created this webpage to provide information on the enhancements to help you through this transition period.
- March 2, 2022 - MPF Xtra Investor Daily Reporting Reminder
- MPF Announcement 2022-11
- Requirements and Acceptable Formats for Daily Reporting
- MPF Xtra Servicing Guide (Revised March 2, 2022)
- Exhibit D-X: LAR 96 File Layout (Revised April 4, 2022)
- MPF Announcement 2022-11
- February 18, 2022 - FAQ Resource Added
- MPF Xtra Product: Investor Reporting Changes
Recorded On: December 15, 2021
Investor Reporting (Daily Method / Format)
All Servicers are required as of March 2, 2022 to report daily to the Master Servicer and will be required to transition to reporting utilizing the Fannie Mae Expanded Loan Activity Report (LAR 96).
Below outlines updates to previously announced MPF Xtra product enhancements (MPF Marketing Bulletin 2021-24) regarding changes to the investor reporting processes and systems for MPF Xtra Mortgage Loans.
- Investor Reporting Changes
- All Servicers are required as of March 2, 2022 to report daily to the Master Servicer, Computershare, effective with March 2022 Mortgage Loan Activity. Although Fannie Mae has changed the effective date for Daily Reporting, the MPF Program will continue to require all Servicers report daily effective with March 2022 Mortgage Loan Activity.
- Loan Level Data File Format Updates
- All Servicers will be required to use the Fannie Mae Expanded Loan Activity Report (LAR 96) format with the newly announced nine (9) additional fields. Effective: The MPF Program is communicating with Fannie Mae regularly and will provide further details at a later date.
- Updates to the P&I remittance cash reconciliation for A/A mortgage loans.
- Effective: These changes are targeted to become effective after the implementation of Daily Reporting and Expanded LAR 96 format expansion. The MPF Program will communicate further details at a later date.
Subscribe to Receive MPF Communications:
Ensure you are receiving the latest MPF Program news by subscribing to MPF Communications. You will receive email notifications on MPF Guide updates, product enhancements, and system updates. Subscribe HERE.