LenderLive Network Inc. has been approved as a Ginnie Mae issuer in the Ginnie Mae I and II single-family mortgage-backed securities (MBS) program. This certification widens the company’s ability to assist banks, credit unions and private investors of all sizes with private-label customized subservicing and will allow the company to expand the loan products available through its correspondent lending program.
As an approved Ginnie Mae issuer, LenderLive can more effectively meet the needs of its community bank and credit union clients in mortgage originations by providing government insured loan products to this client base. As a growing number of people chose to bring their business to local, community based-lenders, many of these institutions have turned to knowledgeable, experienced mortgage business partners for expertise and quality service.
“With the ongoing changes in the market it is imperative that we continue to enhance our product and service offerings,” said Rick Seehausen, president and CEO of LenderLive. “Becoming an approved Ginnie Mae issuer is just one way we strive to provide our customers with the products and services to meet their specific business needs. We have an established, 24-year history of providing value-added services not offered by most correspondent lenders, which puts us in a unique position at LenderLive to help our customers build and grow their residential mortgage businesses in the most cost-efficient and effective ways possible.”
This approval furthers LenderLive’s ability to provide competitive rates and reduced turn- time on newly originated loans. In addition, Ginnie Mae certification enables the company to provide servicing solutions to its clients on Ginnie Mae MBS pools.