Important TVLB Product Updates
Please note the updated guidelines for TVLB loans effective November 5th, 2018:
TVLB lock term is now 45 days with a 30-day purchase by date
Rate Lock Extensions are no longer allowed
Upon loan delivery the lock becomes a mandatory commitment and conditions must be cleared within Gateway’s 30-day purchase by date
Loans will be reviewed by TVLB after Gateway purchases your loan and any conditions must be satisfied on or prior to TVLB Purchase By Date to avoid additional fees
Relocks are at the discretion of Gateway
Website Updates – TVLB Product Description and Chapter 3 of our Client Guide have been updated to reflect this change
TVLB training material is available within the GEMS Portal / Resource menu
Please contact your Regional Sales Manager to schedule training for your team regarding the updates mentioned above
Please direct any questions to your Regional Sales Manager