Ginnie Mae training emphasizes CEO/CFO requirement for audited-financial submissions in new GMC financials module

Ginnie Mae reps and Deloitte product staff used a training webinar to walk users through the new Ginnie Mae Central (GMC) financials module and to clarify who may certify audited financial statements submitted through the system.

"The Ginnie Mae central application went live in May 2024," said Natalina, a member of Deloitte’s GMC product team, as she opened the demonstration and described the three-module platform that separates insurance, audited financial statements and compliance reviews. Natalina showed the questionnaire-and-package workflow, the package sections that must be completed before a submission can be sent for certification, and the final RSA-token authentication used by the certifying official.

Most consequential for issuers, Paul, a Ginnie Mae representative, confirmed that current policy requires an authorized signer with the highest level of oversight to certify audited financial submissions. "With regard to the question, now the request will be denied, unfortunately," Paul said when asked whether a prior signer listing would suffice. He added that the authorized signer for the financials module must be "CEO, CFO, or equivalent," citing the existing guidance Ginnie Mae applies to financial certifications.

The webinar also demonstrated an extension-request workflow for issuers who cannot meet the standard submission timeline. Natalina said the system allows users to request an extension "15 days before your original due date," that the request must be certified by an authorized signer, and that the platform limits an extension to 30 days past the current due date. The extension flow requires issuers to upload interim financial documents and to provide a reason for the delay; once an authorized signer certifies the extension it becomes effective in the system.

Issuers raised practical concerns. Carrie of Credit Human said the requirement poses an operational challenge because CEOs and CFOs may not have time or tokens to log into a separate system for certification. "This is just really challenging," Carrie said, asking who issuers should contact if they have trouble populating fields or obtaining signers. Ginnie Mae and Deloitte staff pointed users to posted resources and to designated Ginnie Mae contacts; the presenter said the training recording, quick-reference cards and user manuals would be emailed and posted to YouTube after the session.

The training went through specific package fields (balance sheet, income statement, adjusted net worth, liquid-asset and capital requirements), noted that answers in the questionnaire drive the package sections, and cautioned that once a package is certified it cannot be edited by the issuer. Natalina demonstrated a sample single‑family, non‑depository account and illustrated how the system marks sections as "complete" and then enables the "send for certification" function.

Ginnie Mae representatives recommended proactive use of the extension feature when issuers anticipate delays in obtaining a qualifying authorized signer or final audited statements. They also said that, where guidance uses the term "equivalent," organizations may determine internally which senior officer (for example, a senior vice president with appropriate oversight) qualifies as equivalent to a CEO or CFO for certification purposes.

The session closed with organizers promising follow-up email with links to the recording, detailed how‑to guides and technical support contact information. Participants were advised to consult their auditors for substantive audit questions and to reach out to Ginnie Mae for system-specific support.