by Gateway Correspondent | Jul 26, 2018 | Announcements
Please note the following clarification to the Property Tax Exemption Client Announcement posted July 3, 2018. The clarification below applies to Texas properties: Veterans can qualify with a PITI that excludes property taxes when Veterans is 100%...
by Gateway Correspondent | Jul 3, 2018 | Announcements
For all loans where borrower’s qualify for 100% property tax exemptions, clients are required to retain adequate escrow funds using the steps outlined below: Veterans that are 100% disabled and have no other property ownership, are eligible to qualify with a $0...
by Gateway Correspondent | Jun 27, 2018 | Announcements
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...
by Gateway Correspondent | Jun 15, 2018 | Announcements
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...
by Gateway Correspondent | May 24, 2018 | Announcements
As previously announced on April 25th, Clients must complete UCD for both agencies (Fannie Mae and Freddie Mac). This includes submitting the XML file, embedding the PDF version of the Closing Disclosure, and ensure no critical/fatal errors on the UCD Findings. ...