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Colonial Savings
Colonial Savings

Mortgage Partnership Finance® Program (MPF®) and Concurrent Sale of Servicing

Community banks interested in selling their mortgages servicing-released through the Federal Home Loan Bank's Mortgage Partnership Finance® Program can concurrently sell the servicing to Colonial Savings at the time of closing. This option provides a competitive servicing-released premium in addition to an excellent up-front price and superior income stream obtained by all MPF® participating financial institutions.

Servicing Released Premium Schedules:
  • Conventional (Effective for commitments on or after 3/12/2021)
  • Conventional (Effective for commitments before 3/12/2021)
Colonial will not purchase servicing for loans in forbearance or on a forbearance plan.

Colonial has suspended purchasing servicing for government loans.

Click on MANUAL to access the MPF® website and the Concurrent Servicing Sale Manual.
Toll Free Number 877-878-4133

"Mortgage Partnership Finance" and "MPF" are registered trademarks of the Federal Home Loan Bank of Chicago.