AWACSMortgage compliance intelligence from Flightline

FHLB Chicago MPF · Program Announcement MPF Announcement 2026-27 · Published

Mandatory Electronic Loan Presentment and Exhibit Q Updates

Participating financial institutions may no longer deliver paper loan presentment requests and must submit all presentments electronically through the eMPF system. Additionally, Form OG3 is now a job aid and Exhibit Q aligns program special feature codes.

Action requiredIn effect nowAll checks passedRead the announcement ↗ (opens in a new tab)

Loan impact

Summarized from the announcement · verified

Applies to: All mortgages delivered to the program requiring loan presentment.

Addressed to
MPF participating financial institutions (PFIs)From the publisher, not quoted from the text
Investor
MpfFrom the publisher, not quoted from the text
Affected area
DataGuide Section Exhibit Q
Affected documents
Loan presentment request form
Applicability confidence
Verified: every row taken from the source text is supported by it; rows marked "from the publisher" are not quoted

Summary by AWACS. FHLB Chicago MPF's guide is proprietary, so AWACS does not reproduce its text. Read the official announcement ↗ (opens in a new tab)

What changed

Summarized from the announcement · Sections Form OG3, Exhibit Q
RequirementPreviouslyNow
Loan presentment submission channelTightenedRequiredSection Form OG3Not statedLenders cannot submit paper requests and must process all presentments directly in the online system.
Program special feature codes reference tableClarifiedSection Exhibit QNot statedThe special feature code schedule has been revised across all program offerings, and the selling guide references the updated exhibit.

What to do

AWACS interpretation · not source language

What to review: Review the immediate requirement to submit all loan presentments through the online portal rather than on paper, along with the revised special feature code references in Exhibit Q.

Secondary

Discontinue submitting paper loan presentments and deliver all presentment requests through the online system immediately.

Post-closing

Process all loan presentment requests electronically via the online system immediately, eliminating paper submissions.

QC implications

  • Test post-closing delivery files to ensure no paper loan presentment requests were submitted.
  • Verify that loan deliveries correctly incorporate the revised special feature codes listed in Exhibit Q.

Source and record

Version 1 · archived

Checks

  • Source verified: Passed

    The document ID, link and publication date match the official source.

  • Quotes match the source: Passed

    Every quoted passage appears word for word in the official document.

  • Requirements backed by the source: Passed

    Anything marked required is backed by the requirement language and dates in the source.

  • In scope: Passed

    The document is about residential mortgage lending.

  • Format and labels: Passed

    The record follows the AWACS format and uses its standard labels.