Celink Gets Approved as Ginnie Mae Participation Agent for HMBS Program

image Celink, a Lansing, Michigan based reverse mortgage subservicer, recently obtained approval from Ginnie Mae as a “Participation Agent” for the FHA HECM (reverse mortgage) Mortgage Backed Securitizations.  As a participation agent, Celink will be responsible for the accounting and data management aspects of the issuers loans. 

While Celink has been a subservicer on six current HMBS’, reporting loan-level detail through an independent Participation Agent, this approval gives Celink the approval to manage all of the Ginnie Mae specific reporting and remitting requirements.

“We are very grateful to the people at Ginnie Mae who assisted us through the testing, qualification, and approval process”, said John LaRose, CEO of Celink, “and we are proud to be recognized as an authorized Participation Agent for the HMBS program, which is growing rapidly. Even further, we are thrilled to be able to now offer this value-added service to support our clients’ current and future growth needs”.

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Celink’s reverse mortgage subservicing portfolio exceeds $4.2 billion and is licensed in all 50 states, as well as Puerto Rico and the U.S. Virgin Islands.

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  • John and Ryan LaRose,

    Congratulations!!

    As an officer of one of your clients, we appreciate your service. We look forward to working with you both now and in the future. Keep up the good work and your expansion efforts.

  • Celink is an excellent provider of Reverse Mortgage Servicing. This is a good
    example of how top rated companies are adding to the help you can trust
    with Reverse Mortgages. Bob LaFay

  • Celink is an excellent provider of Reverse Mortgage Servicing. This is a goodrnexample of how top rated companies are adding to the help you can trustrnwith Reverse Mortgages. Bob LaFay

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