MISMO Winter 2014 Summit
Ginnie Mae MISMO Adoption Update
Tamara Togans and Nicole Jackson
Ginnie Mae
January 13, 2014
The MISMO Winter 2014 Summit Education Program is sponsored by:
Ginnie Mae MISMO Implementation Strategy
•
Based on
•
Improve data quality
through adoption of an
industry data standard
Enhance the Issuer
experience by employing
best-in-class development
and data management
practices
The research served as input into the quantitative and qualitative evaluation of each
Align
with the mortgage
of the software packages.
industry by ensuring
constant engagement with
market partners (i.e. FHA,
GSEs)
•
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
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MISMO Adoption is an Opportunity for Modernization
From Manual Forms &
Electronic Flat File submissions
to GinnieNET
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
To XML delivery and
automated messaging to a
modernized application
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GinnieNET Modernization
Ginnie Mae’s MISMO adoption project will drive the first release of Ginnie Mae’s
GinnieNET modernization effort.
GinnieNET MODERNIZATION
INFRASTRUCTURE
STREAMLINED PROCESSING
..
Strategic
Investments
Increased
Performance
)
$
INFORMED
USER-BASE
User Friendly
Interfaces
Faster
Response
Enhanced
Reporting
Strengthened
Security
Innovative
Capabilities
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
Testing
Technical
Support
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GinnieNET
Functionality
Directly impacted by
MISMO Implementation
Minimally or not impacted
by MISMO Implementation
Security Admin
Maintenance
User accounts,
roles and profile
management
Reference Information,
Master Agreements,

Edits and Error
Messaging
Doc Custodian
Functions
Warnings and fatal
edit reporting
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
SF Pool
Processing
MF Pool
Processing
Pool
Certification
Investor
Reporting
Certification
and document
custodian transfer
5
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:
1
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.
2
MISMO Version 3.3
Ginnie Mae worked closely with the MISMO organization to ensure that necessary data points were
included in its latest version.
3
“Lean” Dataset
Ginnie Mae identified opportunities to deprecate redundant or calculated fields and limit optional fields.
4
Additional Data to Enhance Integrity
Ginnie Mae is requesting a limited number of additional fields to improve data quality.
5
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
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Implementation Guide and Appendices
Implementation
Guide
General guidance
Appendix A
Appendix B
MISMO
Mapping
specifications
Usage
Scenarios
Appendix C
XML Usage
Scenario
Samples
Appendix D
XML Data
Reference and
Mapping
Appendix E
XSD Template
Appendix F
Ginnie Mae
Legacy
Mapping
Guidance will be published on
www.GinnieMae.gov
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
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Issuer Questionnaire Results Themes
Ginnie Mae identified key themes through questionnaires and targeted conversations with Issuers:
1
Issuers need sufficient time to implement
Based on prior MISMO implementations, Issuers need at least 18 months to
implement.
2
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.
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
3
Resources for Issuer support must be available and
accessible
with subject matter expertise will support Issuers
Issuers will need ongoing support in converting to MISMO.
Training and Education
4
Education and early testing is critical
Issuers must have sufficient guidance and test tools in order to proactively
address coding and mapping issues.
5
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.
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
will be proactively made available to Issuers
Minimal Changes
are planned for the mapping specifications,
once they are initially published
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Timeline
Dec 15:
Ginnie Mae
shared
preliminary
specs with a
select focus
group of
Issuers
Dec
Jan 13-17:
MISMO will
formally release
version 3.3 at its
Winter Summit
Jan
2013
Mar 31:
Ginnie Mae will
publish its
implementation
guide, related
appendices, and
implementation
schedule
Mar
Feb
2014
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
Apr
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Questions?
Tamara Togans
Ginnie Mae
Director, Enterprise Data Solutions
202-475-7847
Tamara.a.togans@hud.gov
Nicole C. Jackson
Ginnie Mae
Senior Data Analyst, Enterprise Data Solutions
202-475-7828
Nicole.c.jackson@hud.gov
Web Address: www.GinnieMae.gov
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
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Thank You to our 2014 Winter Summit Primary Event Sponsor
Tamara Togans and Nicole Jackson: Ginnie Mae MISMO Adoption Update
Winter 2014 Educational Summit & Workshops
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