Educational Resources by "Member Services"

Member Services Article Reporting and Pledging Loans in Forbearance Beginning with the period ending, December 31, 2020, members will need to verify the inclusion of pledged loans in forbearance on their quarterly BBC in eAdvantage. Member Services Article Vonda Renfrow Featured in Snapdocs Series "Mortgage Industry Trailblazers" Vonda Renfrow, vice president and director of collateral management, discusses her work leading eNote acceptance initiative at FHLB Des Moines, and the roles that institutions like the Federal Home Loan Banks and technology vendors play in enabling the widespread adoption of eClosings. General Article Common Causes of Loan Ineligibility Each year, FHLB Des Moines assesses the causes of loan ineligibility from Member Collateral Verifications (MCVs) in the prior year. The primary causes tend to be the same matters, notably: loan coding and title work. Together, the above two matters account for nearly 1/3rd of ineligible loans. Member Services Article Contingency Collateral Options Additional collateral options to consider for quickly pledging to avoid a collateral shortfall. Member Services Article Maximize Collateral Capacity Maximizing collateral pledged to the Bank will increase your capacity to use FHLB Des Moines products. Member Services Article Anticipating and Minimizing the Impact of a Reduction in Credit Capacity Similar to other strategies you have in place to manage liquidity risk, the Bank offers resources and information as they relate to your access to FHLB Des Moines Advances and products. Member Services Video/Webinar WEBINAR: A Spotlight on eNote Processes for FHLBank Members WEBINAR RECORDING: Learn about key eNote concepts, requirements for pledging eNotes as collateral and steps needed to be eligible to pledge your eNotes. You'll also learn about MERS® System Membership requirements. Member Services Article Remote Collateral Review Loan Documentation List Imaged Loan Files consist of approximately 23 key documents we need access to in order to complete a remote Member Collateral Verification (MCV). View a list of the documents here. Member Services Video/Webinar System Video: Accepting eNotes This year, the System is accepting eNotes as pledged collateral. View a detailed description of the steps your institution will need to take to prepare to accept certain types of mortgage collateral. Member Services Video/Webinar What Is an eNote? The overview of eNotes, provided by the Federal Home Loan Bank System. Member Services Video/Webinar System Webinar: Understanding eNotes The requirements and guidelines of eNotes from FHLB Des Moines, Understanding eNotes Webinar. Member Services Article eNote Myth versus Fact FHLB Des Moines accepts residential mortgage eNotes as collateral. How familiar are you with eNotes? Test your knowledge now.