Celink Servicing Capability Expands with Ginnie Mae Approval

Lansing, Michigan (January 7, 2010) Celink, the nation’s largest reverse mortgage subservicer, has been approved by Ginnie Mae as an Issuer in its FHA Home Equity Conversion Mortgage (HECM) Mortgage-Backed Securities Program (HMBS). This approval allows Celink to function as a Subcontract Servicer on any HMBS.

As a previously approved Ginnie Mae HMBS Participation Agent, this new endorsement now allows Celink to provide all servicing and accounting functions for any Celink client that is an approved HECM MBS Issuer.

“We are proud of our association with Ginnie Mae”, said John LaRose, CEO of Celink, “and we are very pleased to have passed their rigorous evaluation process. This approval provides our clients that are either HMBS Issuers, or those interested in becoming approved, with the assurance that the high level of service they are accustomed to receiving from Celink will now carry over to those reverse mortgages placed into the HMBS program.”

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About Celink
Celink is the nation’s select and largest, independent reverse mortgage servicer and is licensed in all 50 states, as well as Puerto Rico and the U.S. Virgin Islands. Celink's reverse mortgage servicing portfolio exceeds $5.8 billion. From innovative products and services, to client and borrower-focused services and servicing solutions, to an industry precedent-setting Borrower Protection Program™ and its own Code of Ethics, Celink continues to be “The Future in Reverse™.” A full organizational profile is available at: www.celink.com.

Contact:
John LaRose, CEO ● Phone: 517.321.9002
john@celink.com