by Gateway Correspondent | Dec 29, 2017 | Announcements
Texas Constitution was amended on November 7, 2017 affecting Texas Home Equity loans. The fee cap was lowered from 3% to 2% of the original loan amount. It excludes: a)bona fide discount points used to buy down the interest rate, b) appraisal performed by a third...
by Gateway Correspondent | Dec 8, 2017 | Announcements
Gateway Mortgage Correspondent Lending Home Mortgage Disclosure Act (HMDA) Requirements for 2018: For loan applications taken starting January 1, 2018 Gateway requires the new Demographic Information Addendum of the Uniform Residential Loan Application (1003) to be...
by Gateway Correspondent | Sep 22, 2017 | Announcements
This is a reminder from our prior announcement dated August 7, 2017 regarding Gateway’s UCD requirements for our clients to ensure they follow GSE compliance of UCD implementation when delivering loans for purchase with a Note date on or after Monday, September 25,...
by Gateway Correspondent | Sep 12, 2017 | Announcements
With the recent hurricane activity, we would like to inform and remind you about Gateway’s Natural Disaster Requirements, please see below. Natural Disaster Requirements A full appraisal on the appropriate form is required and Client must represent and warrant the...
by Gateway Correspondent | Sep 1, 2017 | Announcements
Effective Friday, September 1, 2017, funding fees for Delegated and Non-Delegated loans will change as noted below. Funding fees are listed on Gateway’s rate sheet. All other fees or charges will remain the same. Delegated Funding Fee: $299.00 Non-Delegated Funding...