Check for PIW and Compare Price on All Loans with these Best Practice Tips – NEW download Appraisal Alternative Notice (a completed LOX will be required by UW) Check for Appraisal Alternative Notice It is always a best practice to…
Congratulations to our GMFS Family for $3,000,000,000 Please help us congratulate our team at GMFS! It takes a lot of hard work and dedication to reach this milestone and it definitely does not go unnoticed by our peers and partners….
BESTX Mortgage Insurance Enhancements With this release, we are making several enhancements to our BESTX™ Mortgage Insurance quote search functionality, adding additional parameters to the quote request and updating both the quote request and search results screens. New Fields Added…
GMFS #3 Best Places to Work in Baton Rouge 2020 GMFS is a 2020 Best Places to Work in Baton Rouge Winner! The awards program is a project of the Greater Baton Rouge Business Report, the Greater Baton Rouge SHRM,…
New Adverse Market Refinance Pricing Fee Postponed! The Federal Housing Agency has directed Fannie Mae and Freddie Mac to postpone the previously announced loan-level price adjustment of 50 bps for new refinance transactions. The new refinance price adjustment will NO…
From LPB’s Louisiana: The State We’re In – Tom D’Armond, VP GMFS, discusses the current problem and solutions available for homeowners during the pandemic. Louisiana ranks second in the nation in homeowners who are behind in their mortgage payments, related…
Is Compliance Complicated? Here are a few tips to help! Tip #1: We have recently seen more loans exceed the maximum points and fees test. When locking your loans, please pay particular attention to the following when locking the loan…
Reminder to Check Fannie AND Freddie – Check for PIW and Compare Price on All Loans with these Best Practice Tips Check for Property Inspection Waiver (PIW) It is always a best practice to run your AUS through DU AND…
GMFS is now offering a $750 customer retention credit to existing GMFS customers *Effective with NEW locks. In order to qualify as an existing GMFS Customer, borrower must have an active mortgage with GMFS. To receive lender credit existing mortgage…
Check for PIW and Compare Price on All Loans with these Best Practice Tips Check for Property Inspection Waiver (PIW) It is always a best practice to run your AUS through DU AND LPA to determine if your borrower is…
GMFS is now offering a $750 customer retention credit to existing GMFS customers *Effective with NEW locks. In order to qualify as an existing GMFS Customer, borrower must have an active mortgage with GMFS. To receive lender credit existing mortgage…
Effective Immediately Optimal Blue has changed how to enter the data related to current servicer. You will now see a toggle on your landing page that says “GMFS Servicer” Y/N. It will default to No. Any previous locks will not…
GMFS is Now Accepting all VISA Types on Conforming Loans Citizenship Requirements Borrowers must meet the following requirements: Each borrower on the loan must have a valid Social Security number Each borrower must have a valid VISA Employment authorization document…
