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Doing Business with Ginnie Mae

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Eligibility Requirements

Document custodians must:

  • Be financial institutions regulated by the Federal Deposit Insurance Corporation, the Federal Reserve System, the Office of the Comptroller of the Currency of the United States, the Office of Thrift Supervision, the National Credit Union Administration or a Federal Home Loan Bank;

  • Maintain physically secure, minimum 1-1/2 hour fire resistant, storage facilities;

  • Employ personnel knowledgeable in the handling of mortgage documents and about the roles mortgage document custodians play;

  • Meet minimum Ginnie Mae financial requirements;

  • Maintain minimum insurance coverage requirements;

  • Establish and follow written procedures relating to its responsibilities as document custodian; and, 

  • Comply with other requirements as needed.

Last Modified: 1/14/2013 11:54 AM