John T. Daugherty serves as the Senior Vice President for Ginnie Mae’s Office of Securities Operations (OSO), bringing more than 20 years of experience in the mortgage, banking and securities industries. In this role, he is responsible for directing and overseeing Ginnie Mae’s day-to-day securities operations, which includes actively managing Ginnie Mae’s $2 trillion portfolio and more than $450 billion in annual issuance. OSO serves as a utility for the execution of needs for stakeholder and capital markets. Under Mr. Daugherty’s leadership, the securities operations platform has been flexible and responsive to market changes, allowing Ginnie Mae to become the second-largest source of residential finance in the United States.
Mr. Daugherty is responsible for the administration of Ginnie Mae’s mortgage-backed securities (MBS) programs. In this capacity, he manages all aspects of its securitization platform from MBS issuance to investor reporting to payment and disclosure. More than 11.7 million mortgage loans are managed through the MBS platform and its related systems. He also leads the agency’s modernization initiative designed to enhance Ginnie Mae’s infrastructure, technologies, and business processes that help ensure efficient delivery of the government guaranty on behalf of mortgage borrowers. From e-notes digital mortgages to the MyGinnieMae portal to robotic process automation, his role in the modernization initiative has allowed Ginnie Mae to scale to size as it has grown from less than $500 billion in MBS outstanding to more than $2 trillion in the past 10 years. Mr. Daugherty has also overseen the effort to improve the efficiency and transparency of the data disclosures of the mortgage loans backing Ginnie Mae securities. As a result of Mr. Daugherty’s and his team’s modernization efforts, Ginnie Mae was named to IDG’s CIO 100 list in 2019.
Prior to joining Ginnie Mae, Mr. Daugherty served as senior director at Freddie Mac. Mr. Daugherty received his Bachelor of Arts degree in Economics from the University of Notre Dame. Upon completion of his studies at Notre Dame, Mr. Daugherty served as a decorated combat arms officer in the United States Army.