Total Mortgage Services Approved as Ginnie Mae Issuer/Servicer

""Total Mortgage Services, LLC"":http://www.totalmortgage.com/, a leading mortgage lender headquartered in Connecticut, announced it has been approved as a Ginnie Mae issuer for the GNMA I and II single-family mortgage-backed securities (MBS) program.

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The approval allows Total Mortgage to pool and securitize government-backed mortgages and to retain Ginnie Mae mortgage servicing rights. Total Mortgage will also be able to expand its Ginnie Mae product offerings to better serve borrowers. To maintain its Ginnie Mae Issuer status, the company must submit annual and quarterly financial reports to demonstrate its continued financial stability and meet several other requirements.

""Total Mortgage is proud to have completed this rigorous approval process and now be included on the exclusive list of Ginnie Mae issuers,"" said Total Mortgage president John Walsh. ""This approval not only confirms the strength of our business and responsible lending model, but is another proof point of Total Mortgage's best-in-class operational infrastructure.""

In order to become a qualified issuer, the company had to undergo a rigorous screening process to determine its sustainability. In addition, Total Mortgage needed a quality control plan in place for underwriting, originating, and servicing mortgage loans as well as for secondary marketing.