4) Insert an original PSP UMD Game (not Movie) into the drive, and launch UMD Emulator.
5) Using the settings below, select your GAME.ISO from the list and press X. The screen will turn black for a second, and then bring you back to the PSP menu screen.
UMD Emulator v0.8C settings:
ISO emulation mode: system menu
Disctype ISO: game
Disctype UMD: game
Updater icon: remove
Use boot.bin: on
Regioncode override: off
Flash0 emulation: off
Flash1 emulation: off
6) Now select MPH 2.00 Game Loader for 1.50 from the menu. You will see a
"Loading game..." prompt, and then a second later your GAME.ISO file will load.