MPFXtraEnhancements
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.

RecentUpdates

On-DemandWebinars


 

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.

Investor Reporting (Daily Method / Format) Resources

Electronic Transmission - LAR 96 File Layout / Testing Instructions (UPDATED)
On-Demand Webinars (Updated December 17, 2021):
Investor Reporting Changes:
MPF Communications (related to Investor Reporting changes):
MPF Guide Updates:

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(877) 345-2673
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