by Gateway Correspondent | Mar 25, 2020 | Announcements
FICO Update: All Government Loan Programs Due to current market conditions, effective today March 25, 2020, Gateway First Bank Correspondent Lending is temporarily requiring a minimum FICO score of 680 on all newly locked Government loan programs. This...
by Gateway Correspondent | Mar 23, 2020 | Announcements
Revision: Coronavirus (COVID-19) Announcement Effective with loans closing on or after March 16, 2020, Gateway will not require Gap insurance on loans closed where the Security Instrument was unable to be recorded. Gap endorsement title insurance is permitted (not...
by Gateway Correspondent | Mar 20, 2020 | Announcements
Coronavirus (COVID-19) Announcement Gateway First Bank, Correspondent Lending is actively monitoring the Coronavirus (COVID-19) Pandemic. Gateway First Bank is committed to following the Centers for Disease Control recommendations of self-quarantine and social...
by Gateway Correspondent | Feb 6, 2020 | Announcements
Effective with new locks on February 10th, 2020 for SETH Goldstar, CAFA Gold 100, and GSFA Open Doors programs are being updated. Please note the revisions to the required MI and LLPA’s for borrowers with income above 80% AMI. Freddie Mac announced in November as...
by Gateway Correspondent | Jan 28, 2020 | Announcements
We are pleased to announce the VHAP loan amount limit increase from $484,350 to $510,400 with NEW loan registrations on the TVLB Program, effective January 28th, 2020. This applies to clients that have been approved by Gateway to originate and sell the Texas Veterans...