Digital Collateral (DCOL) eVault

Ginnie Mae is seeking to obtain a robust electronic vault ("eVault) solution that is fully integrated with the MERS eRegistry to use as secure storage for eNotes and other Trailing eDocs that serve as collateral for Mortgage-Backed Securities (MBS) carrying the Ginnie Mae Guarantee. Ginnie Mae will use the eVault solution as part of its Digital Collateral program to test the processes, policies, and controls necessary to enable Mortgagees participating as Issuers in its MBS Program to securitize federally insured or guaranteed mortgage loans executed on eNotes. For each eNote securitized, Ginnie Mae will use the eVault to update its status as a rights holder in the MERS eRegistry in accordance with various scenarios, including but not limited to, loan payoff, borrower default, or the transfer of mortgage servicing rights, as well as to execute transfers of control and location for eNotes associated with defaulted Issuer portfolios.