# Client Guide Updates

Source: https://www.gatewaycorrespondent.com/announcements/client-guide-updates-3

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 require either an executed Patriot Act form or Customer Information form.
- **Overlays** - All loans must fully comply with Agency requirements and/or the applicable Housing Financing Authority.
- **UCDP** – Gateway now requires Client Underwriter to provide written documentation addressing any UAD Summary Report with CU Scores => 4.0.
- **UCD** - UCD Submission Summary Report must be included.  IF DU is used, the Casefile ID on the UCD must match the Casefile ID on DU Findings.
- **Post Purchase Documentation** – Extension request for Post Purchase Documents greater that 120 days old must be submitted in writing to a Regional Sales Manager with a business justification and expected date for providing the required documentation.


The [Gateway Overlay Matrix](https://www.gatewaycorrespondent.com/overlay-matrix/) has been updated.


- Income associated with a cannabis business is ineligible for purchase for both W-2 and Self-Employed borrowers


Turn Times – The GEMS portal now includes our turn times for delegated Purchase Review and Suspense conditions as well as Non-Delegate Underwriting Initial review and resubmissions.

Please direct any questions to your [Regional Sales Manager](https://www.gatewaycorrespondent.com/contact/sales/)