MPF Xtra® enables PFIs to leverage their FHLB Dallas memberships and access the secondary market to sell certain, fixed-rate, conforming loans into the secondary market.
Here is What Differentiates MPF Xtra®The MPF Xtra product is for any PFI that is actively engaged in conforming mortgage lending in its community and has a high regard for value of customer relationships.
BenefitsMPF Xtra® provides many benefits to PFIs, depending on the product, such as competitive execution, economic value for quality loans, retention of borrower relationships and access to Desktop Underwriter.
- Offer fixed-rate residential mortgage loans to their borrowers and deliver the loans into the secondary market.
- Retain or sell the servicing rights; while preserving the ability to cultivate and maintain relationships with customers.
- Transfer the interest-rate and prepayment risks as well as the credit risk of the associated loans to an investor.