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
- Exhibit J: MPF Custody Frequently Asked Questions and Answers
- MPF Xtra: Pre-Funding Certification Frequently Asked Questions (FAQs)
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
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Learn MoreUpcoming Webinars
Join our upcoming webinars to enhance your knowledge and stay updated on industry trends.
1 hour
Construction to Permanent Loans: Guidelines for the MPF® Traditional and MPF Xtra® Products
Wednesday, April 15, 2026 | 1:00pm
This webinar will explore the eligibility requirements for construction to permanent loans delivered under the MPF® Traditional and MPF Xtra® products. The differences between single-close and dual-close transactions will be discussed along with guidance on determining loan-to-value ratios.
1 hour
MPF® University Welcomes Radian: Understanding Schedule C – Sole Proprietor Income
Tuesday, April 21, 2026 | 1:00pm
This webinar is designed for mortgage professionals looking to deepen their understanding of business entities and how to calculate sole proprietor Schedule C self-employed income. This session is perfect for those aiming to enhance their expertise in handling self-employed income.