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Ginnie Mae outlines SFPDM enhancements, e-note indicators and mod bulletins
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Summary
Ginnie Mae staff described planned SFPDM updates including support for reperforming loans (ET), digitization of PIT/e-note indicators, new sorting and download options, and two moderator bulletins—#61 and #62—affecting buy-downs and high-balance loan limits.
Lawanda Dates, senior IT project manager at Ginnie Mae, summarized a set of planned improvements to the Single Family Pool Delivery Module (SFPDM). She said the modernization will streamline business processes and update features, including acceptance of reperforming loans (extended-term, ET), user-interface improvements, the PIT digitization of e-notes and an e-note indicator on dashboards.
Dates listed several specific changes: acceptance of reperforming loans (RG and ET) in SFPDM, user-interface enhancements for PIT, HUD form downloads for PIT pools that have been sold or transferred, additional sorting/filter options on pool identifier and collateral-type columns, and updates to business rules. She referenced mod bulletin number 61 (enforcing the 10% buy-down and high-balance loan limit for MIP) and mod bulletin number 62 (removing the 10% buy-down restriction for custom single-family pools).
Attendees asked technical questions about when BD rule changes might be implemented; staff said there is no ETA and that they would follow up. Ginnie Mae staff reiterated training materials, user guides and QRCs will be updated as the features roll out across multiple releases through the calendar year.
Staff encouraged issuers to use the validation and testing tool (VTT) to check pool submissions and to contact the help desk for issues that require engineering investigation.
