Ginnie Mae MISMO Adoption Update Tamara Togans and Nicole Jackson Ginnie Mae January 13, 2014 MISMO Winter 2014 Summit The MISMO Winter 2014 Summit Education Program is sponsored by:

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops Ginnie Mae MISMO Implementation Strategy 2 The research served as input into the quantitative and qualitative evaluation of each of the software packages. Improve data quality through adoption of an industry data standard Enhance the Issuer experience by employing best-in-class development and data management practices Align with the mortgage industry by ensuring constant engagement with market partners (i.e. FHA, GSEs) Based on

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops MISMO Adoption is an Opportunity for Modernization 3 From Manual Forms & Electronic Flat File submissions to GinnieNET To XML delivery and automated messaging to a modernized application

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 4 GinnieNET Modernization Ginnie Mae’s MISMO adoption project will drive the first release of Ginnie Mae’s GinnieNET modernization effort. GinnieNET MODERNIZATION INFRASTRUCTUREINFORMED USER-BASE STREAMLINED PROCESSING Faster Response User Friendly Interfaces Strengthened Security Enhanced Reporting Innovative Capabilities Testing Strategic Investments Increased Performance $.. ) Technical Support

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 5 Directly impacted by MISMO Implementation Security Admin User accounts, roles and profile management Maintenance Reference Information, Master Agreements, SF Pool Processing MF Pool Processing Investor Reporting Doc Custodian Functions Pool Certification Certification and document custodian transfer Minimally or not impacted by MISMO Implementation GinnieNET Functionality Edits and Error Messaging Warnings and fatal edit reporting

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 6 Ginnie Mae’s Pool Delivery Dataset (PDD) The Pool Delivery Dataset (PDD) is the MISMO-compliant dataset that Ginnie Mae will implement for single-family at-issuance reporting. Specifications were compiled based on several primary themes: Proven Methodology Ginnie Mae aligned its technical specification templates with the GSE’s initial Uniform Loan Delivery Dataset (ULDD) release, so that Issuers can benefit from the familiarity of similarly structured guidance. MISMO Version 3.3 Ginnie Mae worked closely with the MISMO organization to ensure that necessary data points were included in its latest version. “Lean” Dataset Ginnie Mae identified opportunities to deprecate redundant or calculated fields and limit optional fields. Additional Data to Enhance Integrity Ginnie Mae is requesting a limited number of additional fields to improve data quality. Issuer Feedback Results from an earlier Issuer questionnaire were leveraged to make informed decisions on scope and timeline

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 7 Implementation Guide and Appendices Implementation Guide General guidance Appendix A MISMO Mapping specifications Appendix B Usage Scenarios Appendix C XML Usage Scenario Samples Appendix D XML Data Reference and Mapping Appendix F Ginnie Mae Legacy Mapping Guidance will be published on Appendix E XSD Template

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 8 Issuer Questionnaire Results Themes Ginnie Mae identified key themes through questionnaires and targeted conversations with Issuers: Issuers need sufficient time to implement Based on prior MISMO implementations, Issuers need at least 18 months to implement. Prior MISMO implementations with other entities did not allot enough time for transition Ginnie Mae will allow for a transition period that would accommodate Issuers who have quarterly release schedules. Resources for Issuer support must be available and accessible Issuers will need ongoing support in converting to MISMO. Education and early testing is critical Issuers must have sufficient guidance and test tools in order to proactively address coding and mapping issues. Ginnie Mae should minimize any subsequent versions of its mapping specifications In prior MISMO implementations, Issuers encountered challenges in keeping up with changes to technical specifications At least 18 months will be given to Issuers to implement At least 6 months will be given to Issuers to transition A Technical Help Team with subject matter expertise will support Issuers Training and Education will be proactively made available to Issuers are planned for the mapping specifications, once they are initially published Minimal Changes

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 9 Timeline Dec 2014 Dec 15: Ginnie Mae shared preliminary specs with a select focus group of Issuers Jan 13-17: MISMO will formally release version 3.3 at its Winter Summit 2013 Mar 31: Ginnie Mae will publish its implementation guide, related appendices, and implementation schedule JanFeb MarApr

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 10 Questions? Tamara Togans Ginnie Mae Director, Enterprise Data Solutions Nicole C. Jackson Ginnie Mae Senior Data Analyst, Enterprise Data Solutions Web Address:

Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update Winter 2014 Educational Summit & Workshops 11 Thank You to our 2014 Winter Summit Primary Event Sponsor