Document custodians play an important role in the Ginnie Mae process.
A document custodian must hold documents related to the pooled mortgages on
Ginnie Mae's behalf for the life of the pool or loan package. Prior to
submission of a pool or loan package for processing, it is the Issuer's
responsibility to select an eligible institution to serve as document custodian.
Appendix V of the
Ginnie Mae MBS Guide
contains eligibility requirement information for document custodians.
The document custodian works directly under the Issuer. While an Issuer may
use different document custodians for different pools or loan packages, each
pool or loan package must have only one document custodian.
If you are a document custodian and you have questions, please send an e-mail
Related-party document custodians, defined as either the Issuer acting as the
document custodian (self-custody) or an affiliate of the Issuer acting as the
document custodian, are subject to additional requirements. These requirements
An Issuer that meets the requirements of Part A, General Eligibility
Requirements for document custodians, may perform the custodial functions
required in this Manual for its own issuance activities, but only if:
Affiliated document custodian:
Document custodians may not provide the custodial functions required by this
Guide for any Affiliate unless the following two conditions are met:
The document custodian function must be subject to periodic review and
inspection by the primary regulator.
Before executing a Master Custodial Agreement, an institution must obtain a
Ginnie Mae document custodian identification number as specified in Chapter 2-E
of the Document Custodian Manual(Appendix V-1) of the Ginnie Mae Guide. An
on-site evaluation of the site and review of eligibility evidence may be
required prior to the issuance of the custodian identification number.
The identification number must be placed on all documents on which the
document custodian's name appears.
Ginnie Mae invites all document custodians to participate in its Document
Custodian Outreach Conference Calls.
The outreach conference call schedule will be published as it established:
Each conference call will be held from 1:00 - 2:00 p.m. EST.
Document custodians can participate in these quarterly outreach conference
calls by calling
and using participant code 6013905.
If you have any questions about these quarterly outreach conference calls,
please send an e-mail to