BSI Financial Expands Digital Mortgage Capabilities With Ginnie Mae eIssuer And eSubservicer Approval
BSI Financial Services, a national mortgage fintech platform, announced that Ginnie Mae has approved the company as both an eIssuer and eSubservicer under its Digital Collateral Program. The approvals expand BSI’s ability to support Ginnie Mae-backed digital mortgage assets across both securitization and servicing, reinforcing the company’s ongoing commitment to technology-driven mortgage operations.
As an approved eIssuer and eSubservicer, BSI is authorized to create Ginnie Mae eNotes and Loan Packages and service loans held within them. As digital mortgage adoption accelerates, financial institutions increasingly need servicing partners with the infrastructure to manage digital collateral throughout the mortgage lifecycle.
“The Ginnie Mae approvals reflect the work we’ve done to build the technology, operational controls and expertise needed to support digital mortgage assets,” said Gagan Sharma, founder and CEO of BSI Financial Services. “They strengthen our ability to serve clients as the adoption of eNotes continues to grow.”
The approvals followed Ginnie Mae’s evaluation of BSI’s operational processes and transaction testing for managing digital collateral. As part of the approval process, BSI demonstrated its ability to perform required servicing transactions involving eNotes through the MERS® eRegistry, including transfers of servicing, loan modifications, assumptions, paid-off and charged-off loan deactivations, and other servicing events required under Ginnie Mae’s Digital Collateral Program.
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