Magazine article Mortgage Banking

Ginnie Mae Adopts Business Improvement Suggestions

Magazine article Mortgage Banking

Ginnie Mae Adopts Business Improvement Suggestions

Article excerpt

GINNIE MAE IS ADOPTING A MAJORITY OF THE suggestions it received during its Business Improvement Initiative (BII), in which Ginnie Mae solicited tips to improve its business operations.

During the six-month collection period of Oct. 1, 2004, through March 31, 2005, Ginnie Mae said it received approximately 70 comments from its business partners and the general public on a wide array of issues.

Overwhelmingly, respondents suggested that Ginnie Mae simplify and enhance the technology it uses to conduct day-today business operations, according to Michael Frenz, executive vice president for Ginnie Mae.

"It is the nuts and bolts of assembling and certifying pools of government-guaranteed or -insured loans and the subsequent monthly reporting that many would like to see streamlined," said Frenz.

In 2002, Ginnie Mae said, it began internal discussions designed to assess its business processes, including pool processing, pool certification, pool-level and loan-level reporting. Subsequently, Ginnie Mae launched an enterprisewide effort to upgrade its IT-related requests into this larger, more comprehensive project. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.