Yearly Archives: 2016

FHA Section 184

December 2, 2016 — • Section 184 Loan Guarantee Program Fee Increase. Effective December 1, 2016, the annual loan guarantee fee will increase from .0015 to .0025 percent for Section 184 case numbers issued on or after December 1, 2016. • A case number is valid for up to 60 days from issuance. After 60 days, numbers will be …
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VA IRRRL Transactions

November 22, 2016 — Ginne Mae recently announced a six month seasoning requirement on all streamline refinanced transactions with first payment dates on or after February 1, 2017.  To align with this change, effective with deliveries on or after January 2, 2017, Gateway will require that all VA IRRRL loans being refinanced have a minimum of six consecutive monthly …
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Reminder: Headquarters Address Change

October 19, 2016 — Update Your Records! Our new address will be:  244 South Gateway Place, Jenks, OK 74037-3448 All of the following items should be delivered to the new address: Original Notes:  Attn:  Correspondent Note Custodian Fees Due to Gateway:  Attn:  Correspondent Accounting Final Documents:  Attn:  Correspondent Final Documents Tax Bills:  Attn:  Tax Department Hazard, Flood & MI …
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Headquarters Address Change

October 6, 2016 — Update Your Records! Our new address will be:  244 South Gateway Place, Jenks, OK 74037-3448 All of the following items should be delivered to the new address: Original Notes:  Attn:  Correspondent Note Custodian Fees Due to Gateway:  Attn:  Correspondent Accounting Final Documents:  Attn:  Correspondent Final Documents Tax Bills:  Attn:  Tax Department Hazard, Flood & MI …
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Appraisal FNMA UCDP and FHA EAD Announcement

July 14, 2016 — UCDP (Uniform Collateral Data Program) now allows our Clients to easily share individual appraisal information with Gateway Mortgage Group, LLC. This functionality allows Gateway direct access to view information on client appraisal submissions, findings, Submission Summary Reports (SSR) and embedded appraisal PDFs shared through UCDP. Clients and Gateway will benefit by replacing manual operations for …
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FHA Section 184

June 1, 2016 — Effective today, June 1st 2016, HUD revised the maximum loan limits by county for the FHA Section 184 Indian Home Loan Guarantee Program.  You can view the updated county loan limits on the HUD website or by clicking here. Please direct questions to your Regional Sales Manager
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Approved States

April 14, 2016 — Beginning April 14th, 2016, Gateway Mortgage Group, LLC will accept loans from the states of Washington and Oregon. Please direct questions to your Regional Sales Manager.
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Correspondent Updates

March 6, 2016 — Approved States:  Kentucky and Ohio are now eligible states Down Payment Assistance:  DPA list updated to include new programs File Submission Checklist:  Updated to reflect LE and CD Ch. 1 – Added Corelogic ID Number Ch. 1 – Underwriting contact information updated Ch. 3 – Gateway offers 8 to 30 year amortization terms on conventional …
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High Balance Products

January 27, 2016 — Beginning on January 28th, Gateway Mortgage Group, LLC will accept high balance loans for specific conventional and government products.  Maximum loan amounts are determined in the eligibility matrix, published by FNMA and FHLMC, and printed guidelines are listed in the FHA and VA Handbooks.  For individual details, please refer to Ch. 5 of our client …
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Nevada Overlay

January 22, 2016 — Effective immediately, Gateway Mortgage Group, LLC will discontinue purchasing loans in the state of Nevada. Please direct any questions to your Regional Sales Manager
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