Approved States

Gateway Mortgage Group’s Correspondent division will cease the purchase of loans secured by properties in the state of Nevada. The client guide and product descriptions have been updated on the Gateway Correspondent website: www.gatewaycorrespondent.com.

USDA Refinance Transactions

The USDA has announced that the Fiscal Year 2012 funding is exhausted for refinance transactions. They have further announced that RD Conditional Commitments will not be issued “subject to” funding or commitment authority. As a result, effective with new registrations...

AML, SAR Filing, Predatory Lending

Gateway Requirements Regarding Anti-Money Laundering Program (AML) and Suspicious Activity Report (SAR) Filing for Non-Bank Residential Mortgage Lenders and Originators   Background Information:  On February 7, 2012, the US Department of the Treasury’s Financial...

Approved States

Gateway Mortgage Group’s Correspondent division will cease the purchase of loans secured by properties in the state of California. Loans must be locked by August 31, 2012.  The associated loan files must be delivered by September 30, 2012, regardless of lock...