Monthly Archives: September 2020

Client Guide Updates

September 30, 2020 — 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 Insurance – Flood Insurance Deductibles are now at $10,000. Closing Instructions – Updated to …
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Update: Adverse Market Refinance Fee

September 8, 2020 — 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 Lock Terms Tuesday 9/8/2020 60-days or longer Monday 9/21/2020 45-days Monday …
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