Monthly Archives: September 2017

Uniform Closing Dataset (UCD) Requirements Reminder

September 22, 2017 — 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, 2017. On September 15, 2017 the GSEs announced the UCD mandate remains …
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Natural Disaster Guidelines and Requirements

September 12, 2017 — 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 existence and condition of the subject property at time of purchase. Regardless of AUS findings, …
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Funding Fee Update for Delegated and Non-Delegated Loans

September 1, 2017 — 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 / Underwriting Fee:  $599.00 Please direct any questions to your Regional Sales Manager
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