Approved MI Companies

by | Oct 25, 2013 | Announcements

Effective 10/25/2013 Gateway Mortgage Group’s Correspondent division has added National MI as an approved mortgage insurance company.  The overlay matrix and affected product descriptions have been updated on the Gateway Correspondent website:...

Extended Lock Program

by | Oct 18, 2013 | Announcements

Effective October 21st 2013, Gateway Mortgage Group will offer extended lock periods to accommodate the new construction of a primary residence.  Extended locks will be available for 15 or 30 year Conventional, FHA, and VA loans, with a maximum loan amount of...

FHA/VA/184 Overlays

by | Aug 29, 2013 | Announcements

Effective Immediately Please review the most recent Overlay Matrix for changes to the FHA/VA/184 credit score overlays.  The updated matrix and product descriptions are posted at www.gatewaycorrespondent.com. Please direct questions to your Regional Sales...

Price Adjustment Change

by | Aug 8, 2013 | Announcements

Effective Monday, August 12th, 2013, there will no longer be a price adjustment for FHA, VA, 184, and USDA loans with credit scores between 701-719. USDA Credit Score Previous Adjustment New Adjustment 701-719 0.125 0   FHA/VA/184 Credit Score Previous Adjustment...

Pricing Adjustment Changes

by | Jul 15, 2013 | Announcements

Please review the following pricing adjustment changes that are effective today, July 15, 2013. USDA Credit Score Previous Adjustment New Adjustment 640-659 (.500) (1.250) 660-679 0 (.500) 701-719 .125 Unchanged 720+ .125 .250   FHA/VA/USDA Credit Score Previous...