MPF Xtra Product Enhancements

• MPF Xtra: Investor Reporting Changes Frequently Asked Questions (FAQs)
  • Updated: February 18, 2022 
    • Updates in red font

MPF Program is transitioning to the LAR 96 and will be communicating a mandatory implementation date at a later date. In the meantime, Servicers are encouraged to begin using and/or testing the LAR 96.

• Exhibit D-X: LAR 96 File Layout

To begin using the LAR 96, Servicers must notify the Master Servicer at least 15 days before submitting their first LAR 96 file, by submitting the MPF Xtra Reporting Change Notification (Form SG370-X).

To begin testing the LAR 96 with the Master Servicer (Computershare) by, completing one of the two testing options: 

• Upload the test file to their respective ServicerConnect library with the naming convention of “test_file_LAR96”. Once uploaded, they should send a notification email to servicerconnect@wellsfargo.com with the subject line “Expanded LAR96 Format Validation Request”.
• Should a service provider not have access to a ServicerConnect library, they can attached the test file to a notification email sent to servicerconnect@wellsfargo.com with the subject line “Expanded LAR96 Format Validation Request”.

Master Servicer will provide feedback within three (3) business days of receipt of the test file. The testing will focus on the file format and not the data content. Master Servicer will not be reviewing the accuracy of the loan level data provided, but only reviewing and validating that the file is presented in the correct format including field layout. If Servicers have any questions during testing, please email servicerconnect@wellsfargo.com.

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.

• MPF Announcement 2022-11 (March 2, 2022)
  • MPF Xtra Investor Daily Reporting Reminder

• MPF Announcement 2022-06 (February 18, 2022)
  • MPF Xtra Advance Notice of Change to Investor Reporting Layout and Processes
• MPF Announcement 2021-86 (December 8, 2021)
  • MPF Xtra Investor Reporting Changes
• MPF Marketing Bulletin 2021-24 (October 29, 2021)
  • MPF Xtra Advance Notice of Change to Investor Reporting Layout and Processes
• MPF Marketing Bulletin 2021-19 (August 31, 2021)
  • Product Modifications coming to MPF Xtra starting in Q4 2021

• MPF Xtra Servicing Guide (Revised March 2, 2022)
• Exhibit D-X: LAR 96 File Layout (Revised April 4, 2022)
• Form SG370-X: MPF Xtra Investor Reporting Change Request (Revised February 18, 2022)