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Blockchain takes root at Ginnie Mae

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The Ginnie Mae Innovation Lab is testing blockchain and distributed ledger technologies (DLT) to examine how they might benefit loan-level service transfers, pool issuance, loan servicing and bond management applications.

The lab, which started in 2019, also recently launched the Federal Housing Blockchain Network to collaborate across federal agencies; government entities; mortgage, servicing and investment firms; trade groups and the entire housing finance ecosystem.

The network “is a registration-based forum for U.S. housing finance technology, business, vendors, academics to collaborate and experiment with blockchain, distributed ledger, smart contract and emerging technologies,” Barbara Cooper-Jones, senior vice president of Ginnie Mae’s Office of Enterprise Data and Technology Solutions, wrote in an email to GCN. “The network uses a digital collaboration tool where people can suggest concepts and questions regarding technology applications and methods and commentary using socialization and digital crowdsourcing.”

The network plans to host technology forums,…

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