Monthly Archives: June 2018

Client Guide Chapter 3 – Update Regarding Partial Escrow Waiver

June 27, 2018 — Effective immediately, please note the updated escrow waiver policy in our Client Guide, Chapter 3, regarding waiving partial escrows: If waiving escrow for hazard insurance ONLY, no escrow waiver fee is charged.  Select “No” for Waive Escrows in GEMS. If waiving escrow for taxes ONLY, or, if waiving escrows for BOTH hazard insurance and taxes, …
Read More

GNMA Seasoning Requirements for VA Loans and VA Circular 26-18-13 Updates to VA Refinance Transactions – Signed Certification Form Required

June 15, 2018 — Policy Guidance Update:  VA Refinance Loans and the Economic Growth, Regulatory Relief and Consumer Protection Act (05/25/18) PLEASE NOTE:  Gateway Mortgage is aligning with VA Circular 26-18-13 outlined below, therefore, all VA IRRRL loan transactions delivered to Gateway for purchase must meet the VA circular requirements for loan applications taken on or after May 25, …
Read More