BSI Financial Services Receives GNMA Issuer Approval

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BSI Financial Services Receives GNMA Issuer Approval: Ginnie Mae Approval Creates Additional Avenue for Company’s Growth Initiative

Adding to its growing list of investor and agency approvals, BSI Financial Services (BSI Financial) today announces that it has been approved as an issuer by GNMA, thus giving BSI Financial the ability to service loans that have been placed in GNMA securitizations and providing further evidence of BSI Financial's sound servicing practices and its track record of regulatory compliance. The accreditation opens the door for further expansion of the company's loan subservicing solutions.

"This is another important milestone in our company's 29-year history of accomplishments," said Gagan Sharma, President and CEO of BSI Financial. "With this approval, we are poised to pursue selected growth opportunities and help our master servicer clients that retain Ginnie Mae as well as Fannie Mae and Freddie Mac servicing."

BSI Financial is positioned to take advantage of changing market dynamics that favor small- to mid-sized companies capable of servicing performing and non-performing loans, by using BSI ASSET360™, the company’s proprietary analytics and workflow platform. As a technology-advantaged provider of financial services, BSI Financial brings additional value to its clients in the form of process efficiency, transparency, and loan performance analytics.

“With our special servicing track record, we can lower risk and improve returns for our clients that elect to retain servicing,” said Executive Vice President Scott Myers.

About BSI Financial Services:

Led by a seasoned team of financial industry professionals, BSI Financial provides mortgage servicing and special servicing, loan quality control, REO and asset management services, and servicer surveillance monitoring using proprietary data analytics tools. Leveraging its global delivery model and nearly 30 year performance track record, BSI Financial offers clients customized solutions using an advanced financial services platform called BSI ASSET360. In addition to facilitating reliable and efficient service that meets all current regulatory compliance and market standards, BSI ASSET360 provides real-time visibility into loan performance, thus creating transparency, choice, and control. BSI Financial is approved as a servicer by Fannie Mae, Freddie Mac, FHA, VA, the Federal Home Loan Banks and several private investors, and is approved as an issuer by Ginnie Mae.

BSI Financial’s business operations are located in Titusville, PA; Irvine, CA, and Irving, TX, where it also maintains its corporate headquarters. For more information, visit http://www.bsifinancial.com.

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J L Martin
BSI Financial
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Jayne Martin
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