Total Mortgage Services LLC has been approved as a Ginnie Mae issuer for the GNMA I and II single-family mortgage-backed securities program. The approval allows Total Mortgage to pool and securitize FHA, VA, and USDA mortgages, and to retain Ginnie Mae mortgage servicing rights. Total Mortgage will also be able to expand its Ginnie Mae product offerings to better serve borrowers. “Total Mortgage is proud to have completed this rigorous approval process and now be included on the exclusive list of Ginnie Mae issuers,” said John Walsh, president of Total Mortgage. “This approval not only confirms the strength of our business and responsible lending model, but is another proof point of Total Mortgage’s best-in-class operational infrastructure.” In order to become a qualified Ginnie Mae issuer, Total Mortgage had to undergo a rigorous screening process to determine its suitability. The company needed to be an approved FHA mortgagee in good standing and possessing demonstrable experience and management capacity in underwriting, originating, and servicing mortgage loans. In addition, Total Mortgage needed a quality control (QC) plan in place for underwriting, originating, and servicing mortgage loans, as well as for secondary marketing. To maintain Ginnie Mae Issuer status, Total Mortgage must submit annual and quarterly financial reports to demonstrate its continued financial stability, as well as meet several other requirements.