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Servicing Transfer Notice (Form SG360) To: The Federal Home Loan Bank of Chicago as MPH Provider As provided in Chapter 109 of the MPH Servicing Guide (SG), the Selling PCI (identified below) and.

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How to fill out the MPF Form SG360 online

The MPF Form SG360 is a crucial document used for notifying the Federal Home Loan Bank of Chicago about servicing transfers. This guide will help you understand the components of the form and provide step-by-step instructions for completing it online.

Follow the steps to fill out the MPF Form SG360 online effectively.

  1. Press the ‘Get Form’ button to download the MPF Form SG360 and open it in your preferred document editor.
  2. Identify the 'Owner Bank' section and enter the name of the Federal Home Loan Bank that owns the servicing rights.
  3. In the 'Assisting Bank' section, provide the name of the Federal Home Loan Bank that will assist with the servicing transfer.
  4. Enter the 'Servicing Transfer Date' to indicate when the transfer will take effect.
  5. Fill in the 'Transfer ID #' to uniquely identify the subject servicing being transferred.
  6. Select the applicable types of mortgages and remittance options by checking the corresponding boxes provided on the form.
  7. Include the Assuming PFI’s Servicer Identification Number in the designated field.
  8. For the Selling PFI and Assuming PFI sections, provide the names of the respective organizations.
  9. In the signature fields, have authorized representatives from both the Selling PFI and Assuming PFI sign and date the form.
  10. Once completed, save your changes, and then you can download, print, or share the form as needed.

Complete your MPF Form SG360 online today to ensure your servicing transfer is processed smoothly.

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OVERVIEW. The Mortgage Partnership Finance® Program (MPF®) provides access to the secondary market for FHLB members that are approved Participating Financial Institutions (PFIs).

With a shared equity mortgage or Partnership Mortgage a lender will agree to give you a loan alongside your main mortgage in return for a share of any profits when you sell your house or repay the loan.

If you are originating a loan for a first-time homebuyer and they are looking to put as little as 3% in a down payment, the MPF Xtra product allows up to 97% max LTV whereas MPF Traditional only allows up to 95%.

“Mortgage Partnership Finance”, “MPF”, “eMPF”, “MPF Xtra” and “eMAQCS” are registered trademarks of the Federal Home Loan Bank of Chicago. The “MPF Mortgage Partnership Finance” logo is a trademark of the Federal Home Loan Bank of Chicago. MPF® Acronyms. Revision Date: 9/2/2022.

The MPF Original is a secondary market shared credit, fixed-rate conventional mortgage product purchased by the FHLB where the FHLB's share of losses begins at zero and builds to 4 basis points of the outstanding balance each year. A fixed credit enhancement fee of 10 basis points is usually paid monthly to the PFI.

Credit enhanced products require PFIs to share in the credit risk of the loans sold under the MPF Program. In return for holding a portion of the credit risk, the PFIs are paid credit enhancement fees, which provide an economic incentive to PFIs to retain credit risk on high quality loans.

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MPF Form SG360
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2017 MPF Form SG360
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