Ginnie Mae to retire GinnieNET and move pool-delivery tools into MyGinnieMae

Ginnie Mae staff said on the May Modernization & Issuer Outreach call that Legacy GinnieNET will be retired and key pool-delivery functions will be relocated to the MyGinnieMae portal, with new links for single-family and multifamily pool delivery and certification.

Robb Worley, a business analyst at Ginnie Mae, said, "GinnieNET is being retired," and that users will find new application links in the MyGinnieMae drop-down menu and an updated interface aligned with other MyGinnieMae applications. He said the migration will begin in multiple phases this summer, with Home Equity Conversion Mortgage-backed securities (HMBS) pooling and certification moving first and followed by single-family and multifamily pool delivery certification and recertification activities.

The migration will focus on three primary areas: pool import and validation, pool submission, and historical data migration. Worley said only initial certified and final certified pool data will be migrated; "initial and final draft submissions will need to be re-entered, if not certified, by the cutoff date," he said, and that the cutoff will be announced in a forthcoming modernization bulletin.

Sylvia Bohling, Ginnie Mae business analyst and host of the call, said some legacy GinnieNET features will be integrated into SFPDM to reduce clicks and simplify navigation and that users will be able to view legacy data flagged as such. She also said new portal applications will be created for release of documents and for recertification. Bohling emphasized that there are no new functional-role requirements and that existing roles (for example HECM, Loan Delivery and Pooling basic users and Authorized Signers) will have access to the transitioned functionality.

Ginnie Mae said it will provide training in advance of each phase. HMBS training has already occurred and a recording will be posted on GinnieMae.gov; detailed trainings for single-family, multifamily, and document custodians are planned for early July, with recordings available on demand. Staff asked issuers and custodians to subscribe to the Modernization Initiatives page on GinnieMae.gov for bulletins and training notifications.

The agency also noted related modernization activity including recently published APMs and an initiative on liquidation event reporting; while no timeline for liquidation reporting is set, Ginnie Mae pledged to issue at least 60 days' notice once an APM is published. The call closed with an offer for follow-up questions and a request that attendees complete a survey to guide future outreach.