Vendor News
Ginnie Mae Announces Change in Policy on Commingling of Digital and Paper Collateral
Ginnie Mae announced on 5/20/2024 a change to its longstanding Digital Collateral Program policy prohibiting the pooling of eNotes with paper notes. Effective 6/1/2024, approved Ginnie Mae eIssuers will be permitted to pool eNotes with paper notes in the same pool or loan package.
Ginnie Mae eNote Securitizations Climb Rapidly
It’s been only a few short years since Ginnie Mae launched its Digital Collateral Program. The program, which began as a pilot of a limited number of eIssuers and eCustodians, has expanded to include numerous other participants. Through 2023 more than 120,000 eNotes have been securitized, equating to more than $33 billion in digital collateral.
Snapdocs Partners with SitusAMC
Through the integration of Snapdocs eVault with SitusAMC’s ProMerit platform, warehouse banks can seamlessly manage eNote transactions within their existing systems, enhancing scalability and customer service in response to the growing demand for digital mortgages.
Industry Commentary and Education
Navigating AI in Mortgage: Opportunities and Challenges
AI remains a focal point in the mortgage industry. Mortgage professionals expect AI to accomplish a significant portion of their tasks within the next five years, with efficiency being the most anticipated benefit. However, the concerns around loss of personal touch, cyber threats, and data vulnerability are still prevalent.
Industry Conferences and Webinars
MBA Secondary & Capital Markets Conference & Expo I May 19-22, 2024
MBA Commercial/Multifamily Finance Servicing and Technology Conference I May 19-22, 2024
MISMO Spring Summit I June 3-6, 2024
HousingWire AI Summit I July 23, 2024
Please contact us if you have an event you would like to be included here.
