# Updates to Client Guide and Overlay Matrix

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

Effective April 1, 2013

Please visit Gateway Mortgage Group’s Correspondent website ([www.gatewaycorrespondent.com](https://www.gatewaycorrespondent.com/)) to review Gateway’s updated Client Guide and Overlay Matrix. There are important changes and clarifications that require attention.

**Transactions that qualify under the previous version of the overlay matrix** **must be locked by 3/29/13.**

Some examples of changes are listed in the bullet points below. Please contact your account executive with questions.


- Chapter 4 – Loan Delivery


  - Post-Purchase Actions has been updated to include a change for the transfer of mortgage insurance on conventional loans.




- Chapter 5 – Loan Product Descriptions


  - An update has been made to the Non-Arms-Length section to each product description.
  - A new product description has been created for HUD’s Section 184 program. The product was previously included in the FHA product description.




- Overlay Matrix


  - Changes have been made to the Ineligible Properties, LTV/CLTV Overlay, Non-Arms-Length, and Principal Curtailments at Closing sections.