Correspondent Update

FNMA & FHLMC UCDP Revision:  Gateway Mortgage Group’s Correspondent division is updating our UCDP Requirements as previously announced on January 8th, 2016.  Beginning February 1st, 2016, Gateway Mortgage Group LLC will require both Fannie Mae and Freddie Mac UCDP...

FNMA & FHLMC UCDP Requirements

Clients submitting Conventional, FHA & VA loans for purchase to Gateway Mortgage Group’s Correspondent division, are required to include the Fannie Mae and/or Freddie Mac UCDP summary reports. Please direct questions to your Regional Sales Manager

Flood Insurance Escrow Requirements

Gateway Mortgage Group Correspondents – please note effective for loans closed on or after January 1, 2016, GMG will require flood insurance premiums to be escrowed, in compliance with the Biggert-Waters Flood Insurance Reform Act of 2012 (Biggert-Waters)....