National wholesale and correspondent lender Parkside Lending recently expanded its securitization program and is now issuing Ginnie Mae securities.
As a result, the lender can offer more products to borrowers who are using government-insured loan programs and can service government loans that are issued into Ginnie Mae securities.
“We are especially proud to partner with Ginnie Mae in broadening the availability of affordable housing to creditworthy borrowers,” says Matthew Ostrander, chairman and CEO of Parkside Lending, in a release. “This is a good example of how Parkside is constantly endeavoring to extend the power of caring to a larger group of people to help them achieve their dream of homeownership.”
In order to secure Ginnie Mae’s approval, Parkside Lending participated in an extensive screening process.