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SunWest Technology Compatible With New GNMA Servicing Requirements

Apr 28, 2011By

Sun West announced its reverse mortgage origination platform is compatible with new Ginnie Mae servicing requirements. Earlier this month, Ginnie Mae eliminated the flat-fee option for servicing HECM mortgage-backed securities (HMBS) program and provided issuers more flexibility starting July 1st, 2011. Under the new guidelines, issuers can select an increased servicing margin of up to 150 […]