BSI Financial Receives Ginnie Mae eIssuer and eSubservicer Approvals
BSI Financial Services, a mortgage fintech platform, has been approved by Ginnie Mae as both an eIssuer and eSubservicer under its Digital Collateral Program. This authorization enables BSI to issue up to 1,000 digital notes (eNotes) and service loans in Ginnie Mae's Digital Pools and Loan Packages. The approvals enhance the company’s ability to support technology-driven mortgage operations as adoption of digital mortgages grows. The approval followed a rigorous evaluation by Ginnie Mae of BSI’s operational processes and transaction testing for managing digital collateral. As part of this, BSI demonstrated its capability to perform servicing transactions involving eNotes through MERS® eRegistry, including loan modifications, transfers, assumptions, and deactivations required under the program. BSI Financial Services is one of the fastest-growing mortgage servicers in the U.S., currently managing nearly $50 billion in mortgages. The company already holds approvals from Fannie Mae, Freddie Mac, FHA, VA, USDA, and Ginnie Mae as an issuer.
