Likely MPN Processing Scenarios*
| Processing Type | MPN Process Code | MPN Record on TG’s System |
MPN Confirmation (AdvanTG 3.0) |
Note Print Process | Lender/Servicer Response |
|
GO= Guarantee Only GP= Guarantee & Print |
New= School wants new MPN for this borrower Serial= School wants lender to use existing MPN if they have one |
Exists= A previous MPN has been guaranteed by TG Doesn’t Exist= No previous MPN has been guaranteed by TG |
Unknown= TG doesn’t know if lender has valid MPN Y= Lender has notified TG they have valid MPN N= Lender has notified TG they do not have a valid MPN |
Print= TG will print & mail new MPN or allow borrower to print online Do Not Print= TG will not print new MPN or allow the borrower to print |
Wait for new MPN from borrower Print new MPN & mail to borrower Process using existing MPN if present |
| GO | New or Serial | Either | Doesn’t matter | Do Not Print (GO) |
Wait/Print (GO & N) Process (GO & S) |
| GP | New | Doesn’t Exist | Doesn’t matter | Print (GP & N) |
Wait (GP & N) |
| GP | New | Exists | Doesn’t matter | Print (GP & N) |
Wait(?) (GP & N) |
| GP | Serial | Doesn’t Exist | Doesn’t matter |
Print (GP, S, & No TG Record) |
Wait (if no MPN) Process (if MPN held) |
| GP | Serial | Exists | Unknown |
Do Not Print (TG assumes MPN already exists) |
Print (if no MPN) Process (if MPN held) |
| GP | Serial | Exists | Yes |
Do Not Print (MPN Confirmed) |
Process (GP, S, & Y) |
| GP | Serial | Exists | No |
Print (No Valid MPN) |
Wait/Print (GP, S, & N) |
* Note: These processing scenarios are based on a sample survey of lenders & servicers. Included in the survey were two large national servicers, two mid-sized Texas-based servicers, one large national lender, and one Texas-based "local" lender. These scenarios may not necessarily represent how every lender or servicer will or should respond and is intended to provide an awareness of how lenders and servicers will most likely respond. Processing details should be obtained directly from each lender or servicer.
Last update: May 26, 2000
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