Jun 26, 2020 2020-13

URGENT ANNOUNCEMENT:  August 28 deadline approaching for lender IT readiness - Notice 1 of 3

As was announced on November 8, 2018 (Lender Memo 18-21), MFA will transition to a NEW Internet Loan Reservation System (ILRS) and document management system. Lenders were given the required technical specifications in the memo and advised to confirm their own system capabilities to ensure full compatibility.

For more than two years, MFA and a group of lender volunteers have worked with our vendors to build, customize and thoroughly test these systems. We are pleased to report that this long-awaited transition is now in the first stage of implementation.  

Beginning Friday, August 28, 2020, ALL new MFA loan reservations will be facilitated through PowerLender (the ILRS) and the related document uploads through VirPack (the document management system.)

All lenders are advised to make one final assessment of their IT capabilities in accordance with the specifications outlined below.

Training will be available prior to the transition to the new system. We will notify you of training times in a separate email. While no response to MFA is required at this time, those with questions should contact a homeownership representative at (505) 843-6881.

LENDER IT SYSTEM REQUIREMENTS:

To avoid the firewall blocking ILRS, PowerLender requires port 22 to be opened outbound to the server at https://mfa.powerlender.com (184.173.181.73).  This acts as a remote access and encryption solution to better secure all data in transit.

Thank you for your participation in MFA programs.