A Message from Terry Carr, Senior Advisor, Communications & Congressional Relations
As Ginnie Mae continues to play an instrumental role in bringing capital into the American housing mortgage system, it is imperative that the organization remain up-to-date on new technologies. Given the need to maintain liquidity in the current market, Ginnie Mae is committed to developing and maintaining a state-of-the art securitization platform for government insured loans. To that end, Ginnie Mae recently initiated a multi-year effort to modernize its technology infrastructure.
This strategy – aimed at more efficiently managing its IT assets – includes three key elements designed to help Ginnie Mae leverage a wider range of tools and foster future integration with best-in-class technology:
- Data Management Strategy – A top priority in the modernization effort is Ginnie Mae’s comprehensive data management strategy. Recognizing the importance of transparency, business intelligence and quality data, Ginnie Mae is completely re-assessing its data and processes. Additionally, Ginnie Mae is upgrading its data management and governance policies. Data disclosures on the Ginnie Mae website will also be expanded to provide investors with more detailed and timely disclosure information.
- Application Modernization – The second element of Ginnie Mae’s modernization strategy is an upgrade of its legacy Integrated Pool Management System (IPMS), a collection of subsystems essential to the administration of Ginnie Mae’s MBS program. When complete, the system will be a more agile application that mirrors platform and technology best practices across the industry.
- Innovative Application Development – The final element of the strategy focuses on innovative application development, which better positions Ginnie Mae for critical decision making and enhanced analytics, particularly in regards to risk management. Additionally, the upgrade includes new tools to support default monitoring, economic modeling and customer relationship management. Additionally, Ginnie Mae is launching an internal consulting hub that will liaise with in-house program offices and contractor resources to better govern the organization’s IT development efforts. The internal consultants will validate ongoing, strategic and tactical approaches.
Each of these efforts is critical to Ginnie Mae’s day-to-day operations of administering approximately $1.2 trillion in outstanding mortgage-backed securities, issuing new securities and delivering payments to securities holders. More than ever, Ginnie Mae is focused on providing its stakeholders with user-friendly applications, quality data and efficient processes so they can easily navigate every housing finance environment.
Terry Carr
Senior Advisor, Communications & Congressional Relations |