Monthly Archives: October 2013

Client Guide Updates

October 25, 2013 — Gateway Mortgage Group has posted changes to the Client Guide, effective 10/25/13.  A summary of updates is listed below. Chapter 1: Contact Information Chapter 2: Eligibility Restrictions and Wire Instructions Information Chapter 3: Extended Lock Program Chapter 4: Loan Delivery and Purchase, Power of Attorney, MERS Registration, Title Insurance, Name Affidavit, Closing Package, PMI, and …
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Approved MI Companies

October 25, 2013 — Effective 10/25/2013 Gateway Mortgage Group’s Correspondent division has added National MI as an approved mortgage insurance company.  The overlay matrix and affected product descriptions have been updated on the Gateway Correspondent website:
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Extended Lock Program

October 18, 2013 — Effective October 21st 2013, Gateway Mortgage Group will offer extended lock periods to accommodate the new construction of a primary residence.  Extended locks will be available for 15 or 30 year Conventional, FHA, and VA loans, with a maximum loan amount of $417,000.  The product codes are: CF30EL, CF15EL, F30EL, F15EL, V30EL, and V15EL.  The …
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