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All Participant Memorandum (APM)

APM 14-02: Complete and Timely Submission of Master Agreements
Published Date: 3/7/2014

As stated in APM 13-10, Ginnie Mae Systems Modernization Update dated November 1, 2013, Issuers are to utilize GMEP functionality for submitting all master agreements. Failure to complete all agreements by March 31, 2014, will impede Issuers ability to maintain Issuer eligibility and to participate in pool transfers. Below is a summary table that denotes the submission path for each required form.

HUD Form​ ​Submission Path ​Note
​11702 - Resolution of Board of Directors and Certificate of Authorized Signors ​Electronic Data Entry; Upload Scanned Image of Form Original signed document must be mailed to PPA
​11703-II - Master Agreement for Participation Accounting Electronic Data Entry; No scanned image required​ ​Both parties utilize token to execute agreement electronically
​11707 - Master Servicing Agreement ​Electronic Data Entry; No scanned image required ​Both parties utilize token to execute agreement electronically
11709 - Master Agreement for Servicer's P&I Custodial Account(s)​ ​Electronic Data Entry; Upload Scanned Image of Form Original signed document must be mailed to PPA
11715 - Master Custodial Agreement​ Electronic Data Entry; No scanned image required​ ​Both parties utilize token to execute agreement electronically
​11720 - Master Agreement for Servicer's Escrow Custodial Account ​Electronic Data Entry; Upload Scanned Image of Form Original signed document must be mailed to PPA
 
For additional assistance, Issuers should contact their Ginnie Mae Account Executive in the Office of Issuer and Portfolio Management at (202) 708-1535.

 

Online Library Link: APM 14-02
Attachment(s):
APM_14-02.pdf