Mortgage Purchase Program
The Seattle Bank is not currently purchasing mortgages through the Mortgage Purchase Program (MPP), but continues to serve Seattle Bank members that participated in the MPP.
- If you are a Seattle Bank member that sold loans into the MPP under a conventional master commitment contract (MCC), the
disposition of your Lender Risk Account (LRA) will follow the terms of the MCC. Please contact your Seattle Bank Relationship
Manager if you have any questions.
- If you are a Seattle Bank member that sold loans into the MPP under the servicing retained option, the Seattle Bank must
approve all loan modifications, short sales, and partial releases of property/collateral prior to their execution. Please
contact Senior Mortgage Compliance Analyst
Denise Dougan for assistance.
- If you are a mortgagor and your investor is the Seattle Bank, please contact the servicing entity to whom you remit your monthly check. The servicer will be able to assist
you on behalf of the Seattle Bank.
The Seattle Bank is pleased to offer its members a new option for mortgage loan sales into the secondary market—the MPF Xtra® product. Please visit the MPF Xtra page on our website, then
contact your Seattle Bank Relationship Manager or MPF Xtra Sales Manager
Mary Morehead (206.340.2355) to learn more.