Ginnie Mae Utilizes Wolters Kluwer eOriginal Technology for First Fully Electronic Securitization
eNotes transaction signals transformative industry turn toward digitization
Wolters Kluwer Compliance Solutions' newly acquired eOriginal technology platform is helping support a major U.S. government institution's efforts to adopt digital technologies as part of its broader modernization initiative.
Ginnie Mae, an eOriginal client, recently announced a key milestone in its digital journey by guaranteeing securitization of mortgage-backed securities (MBS) for the first time exclusively through the use of eNotes technology, utilizing the eOriginal platform. The MBS were part of the January issuance cycle and backed by digital pools comprised exclusively of eNotes that closed in December 2020, totaling approximately $24 million in aggregate principal value. By accepting eNotes as valid collateral for loan products issued by the Federal Housing Administration, Veterans Administration, U.S. Department of Agriculture and other government entities, Ginnie Mae enables broader acceptance of digital mortgages across the residential lending ecosystem.