Monthly Archives: April 2020

Updated Best Effort Rate Sheets

April 9, 2020 — Starting Monday, April 13th, 2020 Gateway First Bank Correspondent Lending will be updating the Best Effort Rate sheet which will include the following enhancements: A 7-day commitment period will be available The published base price will include the SRP New SRP tables consisting of state specific adjusters *As a reminder, if you currently do not …
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Forbearance Loans

April 7, 2020 — Gateway First Bank Correspondent Lending continues to closely monitor the developments related to COVID-19 and will continue to provide updates and guidance during these unprecedented times. ¬†Effective immediately, all loans in which borrower(s) are actively seeking forbearance on any mortgage debt obligation, pending acceptance of a forbearance plan or have entered into a forbearance period, …
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Electronic Closings

April 1, 2020 — Electronic Closings Effective immediately, Gateway First Bank Correspondent Lending has updated its electronic signature policy on specific eligible closing documents for all loan programs including TVLB, SETH Goldstar, CAFA Gold 100 and GSFA Open Doors.¬† Mortgage loans containing documents with eSignatures are eligible for delivery to Gateway except when prohibited by agency requirements, federal or …
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