by Alasha Krieg | Apr 13, 2021 | Announcements
Gateway First Bank, Correspondent Lending has recently updated the requirements for Homebuyer Education for first time Homebuyers on our CAFA Gold 100 Government loan program. Effective with new loans locked on or after 3/22/21 all first time homebuyers on the note...
by Alasha Krieg | Mar 5, 2021 | Announcements
As previously announced in our January 11, 2021 announcement, Gateway First Bank Correspondent Lending will continue to accept loans on the Classic URLA, with application dates through March 1, 2021. We are currently updating the FNMA 3.2 File Upload option to...
by Alasha Krieg | Feb 24, 2021 | Announcements
FEMA has recently responded to the Presidential disaster declaration in Texas, providing assistance in numerous counties throughout the state. FEMA and Gateway are continuing to evaluate the extent of the damage throughout the state of Texas and may add additional...
by Alasha Krieg | Feb 16, 2021 | Announcements
Due to Historic inclement weather in the State of Texas, Gateway First Bank Corporate office is experiencing rolling blackout periods. Response times may be delayed from our operations and commitment desk personnel over the next few days. We continue to prioritize...
by Alasha Krieg | Feb 10, 2021 | Announcements
As previously announced on January 19, 2021, Gateway First Bank, Correspondent lending has updated our branding and is now operating under the Gateway First Bank name. Due to this change, Gateway will require specific documents related to the loan transaction, be...
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...
