Correspondent Update – LLPAs

Please be advised that Gateway’s conventional loan-level price adjustments (LLPAs) will be subject to upcoming changes in LLPAs from Fannie Mae.  The changes will be implemented for Best Efforts locks on 7/1/2015, and Mandatory locks will include updated adjustments...

Correspondent Update

Please review the Client Guide for recent updates.  A summary of the changes is below:  Chapter 4, Calculating Interest (pg. 5):  per diem interest calculation updated. Chapter 4, IRS Form 4506-T (pg. 22):  requirements updated to align with agency requirements....

Natural Disaster Policy

Recent flooding in Texas has prompted FEMA and the Texas Governor’s Office to declare a state of disaster for certain counties.  Please reference the Natural Disaster Policy in Gateway’s Client Guide for guidance related to ensuring that a subject property is in...