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All Participant Memorandum (APM)
APM 15-18: Updates to the Authentication Process Used in GinnieNET
Published Date: 11/18/2015 1:00 AM

As previously announced, Ginnie Mae will retire the biometric (fingerprint) scanners used in the authentication process for GinnieNET submissions on November 20, 2015. The use of biometric scanners will be replaced with a SecurID Token authentication process. GinnieNET users who submit pools, transmit the Issuer’s Monthly Summary Report, form HUD-11710D, perform pool certifications, or process requests for release of loan documents, form HUD-11708 (GinnieNET Submissions) must use the new SecurID token authentication process starting on November 23, 2015.

For details on how to perform the new SecurID Token authentication process and how to obtain and activate a SecurID Token, please see the Quick Reference Cards, request forms, and other training materials available on the 2015 Modernization page on Ginnie Mae’s website.

Implementation Timeline and System Availability

The following table summarizes the availability of GinnieNET and of the applicable authentication process during the month of November 2015 and thereafter.

 


Prior to November 20, 2015 at 9:00 PM EST

​Issuer and Document Custodians may continue to use the biometric scanner authentication process to perform GinnieNET Submissions.
The SecurID Token authentication process is not available during this time.

​9:00 PM EST on November 20, 2015
​Biometric scanners will be deactivated.
​9:00 PM EST on November 20 until 8:00 AM on November 23, 2015 ​GinnieNET will be offline during this period.
​Starting November 23, 2015 8:00 AM EST ​Issuers and Document Custodians must use the SecurID authentication process to perform GinnieNET submissions.
 

 

Related Mortgage-Backed Securities Guide and User Manual Updates

In connection with implementation of the SecurID Token authentication process in GinnieNET, Ginnie Mae has updated Chapter 35 and Appendix III-29 (Ginnie Mae Systems Access forms) of the Mortgage-Backed Securities Guide, HUD Handbook 5500.3, Rev-1 (MBS Guide). Additionally, Appendix III-14 of the MBS Guide has been retired and reserved.

The GinnieNET Enrollment Administrator and GinnieNET user registrations previously collected in Appendix III-14 are now collected through the updated Appendix III-29. Consequently, all new GinnieNET users will be required to complete and submit the relevant part of Appendix III-29 to one of the Security Officers within their organization before they are granted access to GinnieNET.

Ginnie Mae also has updated the GMEP and GinnieNET user manuals to reflect the new tools, role assignments, and authentication processes available as a result of this modernization initiative.

If you have any questions regarding this announcement, please contact your Account Executive directly, or at (202) 708-1535.

Online Library Link: APM 15-18
Attachment(s):
APM_15-18.pdf    
Appendix_III-14.pdf    
Appendix_III-29.pdf    
Chapter_35.pdf