by Alasha Krieg | Feb 8, 2021 | Announcements
Effective March 1, 2021, the IRS is requiring the use of IRS form 4506-C to request borrower Tax Transcript records, utilizing an authorized Income Verification Express Service (IVES) for all loan programs. Third party vendors who are requesting transcripts on behalf...
by Alasha Krieg | Feb 3, 2021 | Announcements
We are pleased to announce the VHAP loan amount limit increase from $510,400 to $548,250 with NEW loan registrations on the TVLB Program, effective January 29, 2021. Current locks do not qualify for a loan amount increase to the new limit and any relock requests will...
by Alasha Krieg | Feb 2, 2021 | Announcements
Effective Immediately, Gateway First Bank will purchase DACA loans that are underwritten and closed for either Fannie Mae (DU) or FHA loan types. Freddie Mac, USDA, VA, and HUD-184 loans are currently not eligible. An EAD Code of “C33” – an alien who has been...
by Gateway Correspondent | Jan 19, 2021 | Announcements
Gateway has a new look! Our style may have changed, but you can continue to count on the excellent service you’ve come to rely on. On January 25, 2021, you will see our new logo and branding on the company website, but more importantly we are now operating under...
by Gateway Correspondent | Jan 11, 2021 | Announcements
Gateway First Bank, Correspondent Lending is currently NOT accepting closed loans or loans submitted for prior approval using the redesigned URLA as announced in Fannie Mae Letter 2020-10 and Freddie Mac Bulleting 2020-26. Gateway will start accepting loans with the...