by Gateway Correspondent | Dec 23, 2020 | Announcements
Effective Immediately: Gateway First Bank, Correspondent Lending Division will begin accepting locks for GSFA loans with a loan amount up to $548,250 that will be delivered on or after 1/1/2021. Gateway Commitment Desk Hours for 12/24 and 12/31 – Reminder locks,...
by Gateway Correspondent | Sep 30, 2020 | Announcements
Effective Wednesday, September 30th, 2020, Gateway First Bank, Correspondent Lending is making the following Client Guide Updates to Chapter 4 – Loan Delivery: Title Insurance – The title commitment must be issued within 90 days prior to the closing date. Hazard...
by Gateway Correspondent | Sep 8, 2020 | Announcements
Effective today, Tuesday, September 8, 2020 the Adverse Market Refinance Fee will be applied to all eligible loan programs locked for 60 days or greater. Gateway will reintroduce the 50- basis point fee on eligible loan products based on the schedule below: Day Date...
by Gateway Correspondent | Aug 31, 2020 | Announcements
Effective today, Monday August 31st, 2020, Gateway First Bank, Correspondent Lending has made updates reducing the LLPAs on Agency Cash-Out Refinance transactions. Please refer to the Gateway Correspondent Ratesheet for details. Please direct any questions to your...
by Gateway Correspondent | Aug 27, 2020 | Announcements
On 8/25/2020 The FHFA announced a delay in the implementation of the Adverse Market Refinance Fee until December 1, 2020. As a result of this announcement, Gateway First Bank, Correspondent Lending, is eliminating the 50 basis point (.50) loan level price adjustment,...
